An in-depth market research study has shed light on the most highly sought-after investment opportunities among European countries. The study analyzed Google Trends data for each European country to determine the most frequently searched stocks, providing valuable insights into the investment preferences of different nations.
The results of the study revealed that Tesla Inc (NASDAQ: TSLA) emerged as the clear winner, receiving an impressive 71% of the highest search traffic, according to information conducted by Bonusetu.com shared with Finbold on February 2. Tesla is the most-Googled stock in 28 European nations, with Sweden, the Netherlands, Denmark, and Finland accounting for almost half of all Tesla searches, with Sweden leading the pack, accounting for 17% of all Tesla searches.
AMC Entertainment Holdings Inc (NYSE: AMC), which is the most searched-for stock in five nations, comes in second place as the most searched-for stock in Europe. The third position is taken by Nio Inc (NYSE: NIO), the Chinese EV maker located in Shanghai that has grown in popularity in recent years and is the most searched-for stock in four European nations.
Only in that one nation were stocks of Virgin Galactic, EPAM Systems, Icelandair, and GameStop among the most sought-after.
GameStop still popular among retailers
In Austria, the most sought-after stock was GameStop Corp. (NYSE: GME). In January 2021, a Reddit page named “wallstreetbets” gained popularity and promoted social investment in GameStop’s share price, elevating GameStop’s stock to “meme-stock” status.
Icelandair Group hf is the most popular stock in Iceland (ICE: ICEAIR). Iceland’s primary airline is called Icelandair. In the third quarter of 2022, the airline had record-breaking passenger revenues of almost $487 million. Investors in Belarus are particularly interested in EPAM Systems Inc (NYSE: EPAM). EPAM was the first firm founded in Belarus to be listed on the New York Stock Exchange (NYSE).
Tesla dominance
Tesla’s dominance in the European market reflects the company’s broader global appeal, which has been driven by its commitment to sustainable energy solutions and its innovative approach to the automotive industry.
A spokesperson from Bonusetu.com said:
“It’s interesting to see how even though the share price of Tesla has dropped considerably, it can still dominate the search results of 28 European countries and maintain the interest in so many countries.”
However, since the start of 2023, Tesla’s stock has notably been on a consistent upward trend, attracting the attention of investors around the world.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
Source: https://finbold.com/here-are-the-top-5-most-googled-stocks-in-europe-today/