Apple (AAPL), Ford (F) and Intel (INTC) unsurprisingly remained among the most popular stocks of clubs using the myICLUB.com club accounting service over the eight weeks ended March 27. Bio-Reference Labs (BRLI) also is near the top; BetterInvesting clubs have been investing in this small-cap company in recent times, and the negative press that some believe was driven by short-sellers created what clubs assess was a buying opportunity.
On the following list, which includes the leading stocks that have at least a 2:1 ratio of buys to sells over the trailing eight weeks, Zynga (ZNGA) is one of the more interesting names. The social gaming IPO attracted 26 buys over the eight weeks. IPOs are typically risky — just take a look at Groupon’s struggles [http://on.wsj.com/HovQdl] for proof — and BetterInvesting clubs typically seek companies with a more established history of growing sales and earnings as well as a more reasonable valuation (Zynga’s forward P/E was 35 in early April).
But it’s apparent that with the average transaction being just over 100 shares and the share price at less than $15 during this time, clubs are employing a mild measure of speculation here.
The top 10 stocks that had at least a 2:1 ratio of buys during the eight weeks ended March 27:
1) Apple (AAPL)
2) Ford (F)
3) Intel (INTC)
4) Bio-Reference Labs (BRLI)
5) Exxon Mobil (XOM)
6) Bank of America (BAC)
7) CSX Corp. (CSX)
8) Abbott Labs (ABT)
9) Verizon (VZ)
10) Visa (V)
Companies listed are for educational purposes only. No investment recommendations are intended.
For more information related to Investment Clubs, please visit www.ICLUB.com
Adam Ritt is the Director of Communications for BetterInvesting as well as the Editor-in-Chief of BetterInvesting Magazine.