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Got $600? Investors Are Buying Stock In Tesla, Nio And Pfizer With Stimulus Checks

Henry Khederian
·2 min read

Every week, Benzinga conducts a survey to collect sentiment on what traders are most excited about, interested in or thinking about when they are managing and building their personal portfolios.

This week we posed the following question related to how traders and investors plan to use their stimulus money: 

What sector of stocks will you buy with your stimulus check?

  • Electric Vehicles

  • Financials

  • Consumer Discretionary

  • Healthcare

  • Consumer Staples

Of the respondents, 58.8% of traders and investors told us they will buy electric vehicle stocks. Investors most frequently cited Tesla Inc (NASDAQ: TSLA), Nio Inc - ADR (NYSE: NIO) and Li Auto Inc (NASDAQ: LI) as the stocks on the top of their wishlists. (Of course, only a fraction of one share of Tesla could be bought with $600 — shares closed last week at $880.02.) 

See Also: How To Buy Tesla Stock And How To Buy Nio Stock

Additionally, 18.1% of investors are putting their stimulus checks in healthcare companies. The most-wanted stocks in the healthcare industry were coronavirus vaccine producers Moderna Inc (NYSE: MRNA) and Pfizer Inc (NYSE: PFE).

Next were financials, which saw 16.2% of support from respondents. Traders and investors told us Bank of America Corp (NYSE: BAC) and Wells Fargo & Co (NYSE: WFC) are the top stocks they will be adding to their portfolio with their $600 checks.

Respondents told us they were mixed on putting their $600 to use in consumer staples (3.8%) and consumer discretionary (3.1%) companies. Walt Disney Co. (NYSE: DIS) was the most sought after company from the consumer discretionary group.

This survey was conducted by Benzinga in January 2021 and included the responses of a diverse population of adults 18 or older.

Opting into the survey was completely voluntary, with no incentives offered to potential respondents. The study reflects results from over 500 adults.

Source image: Unsplash.com

See more from Benzinga

© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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    (Bloomberg) -- Faraday & Future Inc., an electric-vehicle startup, is in talks to go public through a merger with Property Solutions Acquisition Corp., a blank-check firm, according to people with knowledge with the matter.The special purpose acquisition company is seeking to raise more than $400 million in equity to support the transaction, which is slated to value the combined entity at around $3 billion, the people said. As with all deals that haven’t been finalized, it’s possible that terms change or talks fall apart.A Faraday spokesman didn’t respond to multiple requests for comment. A Property Solutions representative declined to comment.Los Angeles-based Faraday, led by Chief Executive Officer Carsten Breitfeld, was founded by Jia Yueting, an entrepreneur who in October 2019 filed for bankruptcy in the U.S. after running up billions of dollars in personal debt trying to build a business empire in China. The company this week appointed Zvi Glasman, the former chief financial officer of Fox Factory Holdings, as its CFO.The company has said its flagship vehicle, known as FF 91, will be available for sale about a year after the close of a successful round of funding.Property Solutions, led by Chairman and co-CEO Jordan Vogel, raised $230 million in a July 2020 initial public offering. The company, which has the ability to pursue a combination in any industry, said at inception that it intended to target firms that service the real estate industry, including property technology.Electric-vehicle companies including Nikola Corp. and Fisker Inc. have gone public in recent years by merging with blank-check firms.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • Big banks kick off Q4 earnings season, retail sales: What to know in the week ahead

    The first major batch of quarterly earnings reports are due for release this week, beginning with a slew of results from big banks.

  • Benzinga's First Bulls And Bears Of 2021: Ford, Mastercard, PepsiCo, 3M, Tesla And More

    * Benzinga has examined the prospects for many investor favorite stocks over the past week. * The week's bullish calls included automakers and a recovering retailer. * Beverage giants and a satellite radio leader were among the bearish calls.The major U.S. indexes finished a busy and hectic first week of 2021 with modest gains, led by a 2.4% rise in the Nasdaq. The historic Georgia runoff election results were followed by seditious violence in Washington, D.C., that was widely condemned, failed to stop certification of presidential election results and has led to some blowback on the current president already.In addition, there was more good news about the COVID-19 vaccines, even as the pandemic led to further lockdowns. An aerospace leader appeared set to put its troubles behind it, only to face fresh bad news. Meanwhile, a transportation and delivery giant aims to expand its air cargo fleet.Also last week, a financial giant faced new federal scrutiny, Bitcoin continued to soar, and the latest jobs numbers were ugly.Through it all, Benzinga continued to examine the prospects for many of the stocks most popular with investors. Here are a few of this past week's most bullish and bearish posts that are worth another look.Bulls In "Why The Biden Administration Could Be Very Bullish For Ford, GM," Wayne Duggan discusses why Ford Motor Company (NYSE: F) and General Motors Company (NYSE: GM) are likely to see their fair share of $40 billion in federal funding intended for clean energy efforts."4 Reasons Why Li Auto Is Poised For 48% Compounded Annual Growth Over By 2025" by Shanthi Rexaline examines four reasons why Chinese electric vehicle startup Li Auto Inc. (NASDAQ: LI) is poised to outperform in the near to medium term, according to one top analyst.Priya Nigam's "BofA Upgrades Mastercard On 'Potentially Priceless Opportunity'" focuses on how Mastercard Inc (NYSE: MA) could benefit from pent-up demand for both domestic and cross-border leisure travel, an opportunity not reflected in the recent share price.Enterprise Products Partners LP (NYSE: EPD) is among "Bond King" Bill Gross's top picks for 2021. So says Chris Katje's "Tesla, SPACs 'May Struggle,' Natural Gas To Shine In 2021: Bill Gross." See why it and peers could outperform the favorites of "day trading Robinhoods."In Jayson Derrick's "Why The Year Ahead Looks Promising For Bed Bath & Beyond," see why specialty retailer Bed Bath & Beyond Inc. (NASDAQ: BBBY) showed strong momentum heading into the new year, lifting expectations for its upcoming fiscal third-quarter earnings report.For additional bullish calls of the past week, also have a look at the following: * 4 Reasons The Stock Market Rally Could Resume In 2021 * Jim Cramer's 9 Dividend Stock Picks For Fixed Income Investors * Georgia Runoff Results Bode Well For Cannabis If Lawmakers Follow Through, Industry Pros SayBears In Wayne Duggan's "Michael Burry To Tesla Investors: 'Enjoy It While It Lasts'," see why a former hedge fund manager is sticking with his bearish bet on Tesla Inc (NASDAQ: TSLA) even though other bears have thrown in the towel and upgraded the stock. Will the Tesla story ultimately end poorly?"RBC Highlights Valuation Concerns In Coca-Cola, PepsiCo Downgrades" by Jayson Derrick shows why the bullish case for beverage giants Coca-Cola Co (NYSE: KO) and PepsiCo, Inc. (NYSE: PEP) has come to an end. What growing pains and headwinds do they face?Henry Khederian's "Is SiriusXM Screwing Up By Potentially Losing The New 'King of All Media' Dave Portnoy?" argues that Sirius XM Holdings Inc (NASDAQ: SIRI) has backed the wrong horse by choosing to renew Howard Stern's contract.Increased regulation and legislation are likely to affect the financial liability of 3M Co (NYSE: MMM), according to "Why A Democratic Congress Is Turning This 3M Analyst Bearish" by Priya Nigam. See why negative headlines and lawsuits may be ahead.For more bearish takes, be sure to check out these posts: * Airlines Expect Turbulent 2021 After 2020 Erased Two Decades Of Passenger Traffic Growth * Scott Nations Is Bearish On 10-Year TreasuriesAt the time of this writing, the author had no position in the mentioned equities.Keep up with all the latest breaking news and trading ideas by following Benzinga on Twitter.Photo courtesy of Ford.See more from Benzinga * Click here for options trades from Benzinga * Barron's First Picks And Pans Of 2021: Disney, Home Depot, Intel, Nike, Nordstrom And More * Notable Insider Buys Of The Past Week: Danimer Scientific, Cheniere Energy Partners And More(C) 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • Here's why you should consider a Roth IRA conversion

    You take a distribution from your traditional IRA or 401(k) and contribute that money into a Roth IRA. There are no income limits.