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

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 TSLA, Nio Inc - ADR NIO and Li Auto Inc 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 MRNA and Pfizer Inc PFE.

Next were financials, which saw 16.2% of support from respondents. Traders and investors told us Bank of America Corp BAC and Wells Fargo & Co 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. DIS was the most sought after company from the consumer discretionary group.

See also: How to Invest Your $1,400 Stimulus Check

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:

Posted In: Covid-19PandemicstimulusLong IdeasCrowdsourcingTrading IdeasGeneral

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.