The U.S. has two of the largest stock market exchanges in the world with the New York Stock Exchange and Nasdaq ranking first and second by market capitalization of companies represented, respectively.
New research showed what the most popular stocks are in countries in Europe.
What Happened: Electric vehicle leader Tesla Inc TSLA topped the U.S. for market share in the electric vehicle market. The company was also growing its market share around the world in both the EV and overall automotive market, something that might be helped by price cuts in several markets.
While Tesla was one of the most popular stocks in the U.S., the company also ranked as one of the most searched stocks in Europe.
Data using Google Trends was analyzed by Finnish casino review site Bonusetu to find the most Googled stock in European countries.
Here are the results:
Tesla: number one in 28 countries
AMC Entertainment Holdings Inc AMC: number one in five countries
NIO Inc - ADR NIO: number one in four countries
Virgin Galactic Holdings Inc SPCE: number one in one country
GameStop Corp. GME: number one in one country
EPAM Systems Inc EPAM: number one in one country
Icelandair: number one in one country
Tesla dominated the list, ranked as the number one most searched stock in the majority of the countries and making up around 71% of search traffic analyzed. Sweden was the highest market for Google searches for Tesla. The Netherlands, Denmark and Finland also saw high searches for Tesla stock.
AMC ranked second as the number one stock in five countries. The U.K. and Germany were the two largest markets for searches for AMC stock.
Chinese automotive company Nio was number one in the countries of Romania, Slovakia, Serbia and Andorra. Romania accounted for 64% of the searches for Nio stock.
GameStop ranked as the top searched stock in Austria.
Icelandair, the leading airline of Iceland, was the most searched stock in Iceland.
EPAM Systems became the first Belarusian company to be listed on the New York Stock Exchange and ranked as the most searched stock in its home country.
Passenger space company Virgin Galactic ranked first in the country of Montenegro.
Related Link: Top 10 Most Searched Tickers On Benzinga Pro In 2022, Where Do SPY, Tesla, Apple And AMC Rank?
Why It’s Important: The results of the search history in Europe could show Tesla was seeing huge brand awareness in the region. The company opened Gigafactory Berlin in 2022 and was able to increase its delivery capabilities across Europe.
Searches for Tesla could also be helped by its well-known CEO Elon Musk. Once the richest person in the world, Musk was also the second most followed person on social media platform Twitter with 127.7 million followers.
AMC and GameStop ranked high could show that investors in overseas countries also followed the worldwide story of meme stocks. AMC was also the world’s largest movie theater operator with a strong presence in Europe, so it likely wasn’t a huge surprise to see the parent company get love in the region.
Nio ranked third could be the item to watch as the Chinese automaker looked to expand worldwide and gain market share with rivals such as Tesla.
Image: Courtesy Bonusetu.com
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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