This Is Retail Investors' Favorite Stock to Own (and It's Not Apple or a Meme Stock)
For well over a century, everyday investors have been putting their money to work on Wall Street right alongside professional money managers. But over the past two years, these retail investors have rocked the boat like never before.
In late January 2021, when short squeezes were all the rage, everyday investors accounted for about 22% of total trading volume. But according to JPMorgan Chase's Managing Director of Big Data and AI (Artificial Intelligence) Strategies Peng Cheng, retail investors surpassed this previous record between Jan. 25, 2023 and Feb. 1, 2023 and accounted for 23% of total trading volume. In other words, the everyday investor is making their presence felt -- and it pays to know what stocks they like and hold.
Image source: Getty Images.
Source Fool.com
