Investors question taste of Apple
Stuart Welch, CEO, TD Direct Investing comments on investor interest as technology remains a focus: "Apple Inc. (AAPL) took the top spot in both the TD top ten international buys and sells for the week ending Monday 20 May, accounting for 28% of all international top ten trades. TD clients appear to be following the share price closely, amid news this week that Apple's CEO will testify before a U.S. Senate panel about the company's tax strategy.
"Tesla Motors, Inc. (TSLA), the electric vehicles manufacturer, was also popular with TD's clients last week, moving up the international buys and sells tables to second and sixth positions respectively. The company reported its first-ever profitable quarterly announcement on May 8, saying that it has increased itsstock and expects to gross $830 millionin sales.
"In the UK, Glencore Xstrata plc (GLEN) remained in the top ten TD client buys, after announcing that Tony Hayward, BP's former chief executive, has been voted in as interim chairmanof the newly merged group. The mining conglomerate's share price has continued to strengthen since the merger, closing at 334.65p on Monday 20 May."