SA readers take Amazon, Apple and oil-related names (NASDAQ: AMZN)

Readers looking for Alpha flock to Amazon stock (NASDAQ:AMZN) last week, according to an analysis of portfolio data. They were drawn to megacap by recent stock split and share buyback.

At the same time, Apple (AAPL) is also significantly supported. The protests of the past few days have encouraged many to return to high-quality tech names.

Meanwhile, oil volatility kept its place close to every investor’s mind last week. Even as crude oil prices rallied to recent highs, SA readers stuffed their portfolios with oil ticks, including WTI crude (CL1: COM), Brent Crude Oil (C01:COM) and Halliburton (HAL).


Amazon (AMZN) is one of the key players during the pandemic, seemingly becoming the shopping destination for most consumers during the lockdown. Since then, the company has become something of a well-run among the megacaps, with companies like Tesla and Google starting to gain more attention as of the second half of 2021.

Last week, however, SA readers flocked to the shares of the online retailer founded by Jeff Bezos. Stocks have been added to the portfolio at a ratio of 4:1 to the removal.

New interest in AMZN following the company’s announcement of a Share 20 get 1 free and $10 billion worth of stock buybacks. Meanwhile, last week, the company completed the purchase of $8.5 billion MGM Studios.


Amazon (AMZN) wasn’t the only megacap that caught readers’ attention last week. SA subscribers also flocked to Apple (AAPL), adding rows at a rate of 4:1 compared to deleting.

The move comes as the company passes COVID spike in Chinaimpacts a major supplier and creates “manageable but significant” exposures.

However, experts remain optimistic about the company’s overall future. Watching closely, Wedbush analyst Dan Ives called the stock a top buy, arguing that the Federal Reserve’s interest rate announcement provides “bright green light” for investors to return to the technology sector.

Code related to oil

Russia’s invasion of Ukraine has sparked a wave of supply concerns in the oil market, which at one point sent crude prices as high as $130 a barrel. The commodity recently moderated, ending Friday below $105 per barrel.

With the recent volatility, Seeking Alpha readers have filled their portfolios with oil-related names. This starts with the price of crude oil. WTI Crude Oil (CL1: COM) was added last week at a ratio of 8:1 to removal. Meanwhile, Brent crude oil (C01:COM) became part of the portfolio at a 9:1 rate.

In addition, SA readers appear to favor companies willing to benefit from high oil prices. Halliburton (HAL) provided an example, with the reader adding stock at a rate of 4.5:1.

For an in-depth look at the Ukraine crisis and its impact on oil prices, read this in-depth analysis from SA Contributor Brett Rodway.

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