The stock market is a great way to earn a return on your money, and Canadians rely on it as an investment vehicle. With so many stocks to choose from, though, it can be tough to know which will give you the best returns.
We conducted research by analyzing Google Trends data to determine which stocks Canadians search for the most, which provides valuable insights into the investment preferences of investors across the country.
The results of the study revealed the top 5 most researched stocks in Canada so far in 2023. Our data stretches from January 1 to February 14, 2023.
Tesla Motors (TSLA) is the most Googled stock in Canada today and has been for several years.
It’s the most popular stock in Prince Edward Island, British Columbia, New Brunswick, Québec, and Ontario. Of the top five most popular stocks in Canada (TSLA, GOOG, AMZN, GME and AMC), Tesla captured the largest portion of search volume, with an impressive 39% of investors in British Columbia searching for information about Tesla.
Tesla's meteoric rise in the past decade has made it one of the most sought-after investments for many investors. The company's success can be attributed to its innovative products, advanced technology, and strong leadership from CEO Elon Musk.
Earlier this year, Tesla shares jump after Elon Musk signaled ‘potential’ for 2mn car sales this year as Tesla continues to push boundaries and revolutionize the automotive industry.
AMC Entertainment Holdings Inc (AMC) comes in second place as the most searched-for stock in Canada.
It’s the most googled stock in Manitoba, Newfoundland and Labrador, Alberta, Saskatchewan, and New Brunswick.
AMC Entertainment Holdings, Inc., through its subsidiaries, engages in the theatrical exhibition business. The company owns, operates, or has interests in theatres in the United States and Europe with approximately 950 theatres and 10,600 screens.
Shares of AMC Entertainment surged this month after the theater chain introduced a new pricing plan for seats. AMC stock closed up 11% and shareholders are up 21% this past week.
GameStop Corp. (GME) is the third most sought-after stock.
It is the most googled stock in Prince Edward Island, Newfoundland and Labrador, Saskatchewan, Nova Scotia, and Manitoba.
GameStop closed at $21.83 in the latest trading session and shares of the video game retailer had gained 27.15% over the past month.
GameStop Corp. has been amplified on social media sites such as Reddit attracting traders’ interest in the stock because of its heavy interest from short sellers and its low price.
GameStop Corp. offers games and entertainment products through its e-commerce properties and stores. It operates through the following geographic segments: the United States, Canada, Australia, and Europe. Each segment consists primarily of retail operations, including stores and e-commerce properties focused on games, entertainment products, and technology
Amazon (AMZN) and Alphabet Inc. (GOOG) took the 4th most sought-after stock position in Canada.
Amazon (AMZN) is the most googled stock in Québec, British Columbia, Ontario, Manitoba, and Alberta. In comparison, Google (GOOG) is the most Googled stock in Québec, Nova Scotia, New Brunswick, Ontario, and Newfoundland and Labrador.
Google’s recent $300mn bet on San Francisco-based Anthropic struck between nascent AI groups and the world’s biggest technology companies.
Meanwhile, Amazon’s most prominent alliance and preferred cloud partner among the AI start-ups is Stability AI for building and training its media-generation models.
Google and Amazon have close relationships with other well-funded AI start-ups building their own language models, including California-based Cohere and Israeli company AI21 Labs.
Investing in the stock market can be a great way to grow your wealth and provide financial security. With the right strategy, it can be an incredibly rewarding experience. But it’s important to understand the risks involved and be aware of the different types of investment options available in Canada. By understanding how stocks work, what kind of returns they can offer, and how to properly manage your investments, you can maximize your chances of success when investing in stocks.
Disclaimer: The information contained in this site is not intended to constitute, and should not be construed as investment advice.
Sources:
- Google invests $300mn in artificial intelligence start-up Anthropic
- Tesla shares jump after Elon Musk signals ‘potential’ for 2mn car sales this year
- AMC Stock Rises After Theater Chain Rolls Out New Pricing Plan for Seats
- GameStop (GME) Stock Sinks As Market Gains: What You Should Know
- Stability AI Selects AWS as Its Preferred Cloud Provider to Build Artificial Intelligence for the Future
