Yahoo Finance Top 10 most popular stocks in August
North American stocks were having something of a quiet summer, with muted gains until U.S. Federal Reserve Chair Jerome Powell's Jackson Hole that was interpreted as leaning to the dovish side. The S&P 500 and TSX were each up around 2 per cent in August. Here's a list of the most popular stocks on Yahoo Finance Canada for the month of August.
1. AMC
Movie theatre chain AMC took the top spot as the most popular stock on Yahoo Finance Canada in August. The darling of the meme stocks and Reddit crowd was twice as popular as the runner-up. Shares were up around 33 per cent for the month, on no material news.
2. GME
GameStop, the original meme stock was the second most popular stock. It was up around 22 per cent also on no material news, as has so often been the case with meme stocks.
3. TSLA
Tesla came in third. The electric car maker was in the news for a plan to sell electricity directly to consumers and the twelfth autopilot crash in the U.S. CEO Elon Musk continued to show interest in dogecoin, with ideas for improvement. The stock was up nearly seven per cent for the month.
4. SU.TO
Canada’s largest oil company ranked the fourth most popular. Despite rising oil prices, negative sentiment continued to weigh on its stock price. Suncor’s shares were down more than 4 per cent for the month.
5. AC.TO
As restrictions eased, investors continued to look at Air Canada, which was fifth most popular stock on Yahoo Finance Canada in August. It recently announced staff need to be vaccinated or tested regularly for COVID-19. The stock didn’t take off in August though, down more than one per cent.
6. AAPL
The largest company by market cap was sixth most popular. Apple is reportedly preparing to launch new iPhones and Apple watches with bigger screens. The stock was up more than five per cent for the month.
7. HIVE.V
Cryptocurrencies like bitcoin rallied last month, when that happens anything in the space can get attention. HIVE Blockchain Technologies mines and sells cryptocurrencies. It came in seventh and its stock was up more than 30 per cent in August.
8. NIO
Electric Vehicle makers get a lot of attention as an up-and-coming industry and Chinese EV maker NIO was number eight. The company says it’s struggling with a chip shortage, which it says will hurt deliveries. The stock was down around 12 per cent for the month.
9. HOOD
Popular U.S. trading platform Robinhood placed ninth, following its first full month of trading after going public at the end of July. Cathy Wood also added some to her ARK innovation ETF (ARKK).
10. BB.TO
BlackBerry continues on its turnaround path from phones to security and software. It also caught the eye of the Reddit crowd, which gave the stock a lift. Shares climbed around 16 per cent in August.
Jessy Bains is a senior reporter at Yahoo Finance Canada. Follow him on Twitter @jessysbains.
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