3 Hot Stocks You Bought Today

LONDON -- After it crashed 24% in the wake of overnight sanction-busting allegations from the New York Department of Financial Services, it wasn't much of a surprise to discover Standard Chartered (LSE: STAN.L  ) was the No. 1 buy among private clients of stockbroker TD Direct Investing between the market's opening and noon GMT.

Focused heavily on overseas markets -- and especially fast-growing emerging markets -- Standard Chartered has long been a relatively pricey pick among banks, having had little exposure to the combined taint of subprime mortgages and staggering Western economies. No longer.

As of this morning, Standard was offering a P/E of nine and a yield of 4.3%. Accordingly, investors piled in, with the ratio of shares bought outnumbering shares sold by six to one. Heck, I fancied a dabble myself (but decided against it).

Nor was the second-most popular share purchase much of a surprise. In recent days, banks have continued to be popular buys among the broker's private clients, and as Barclays (LSE: BARC.L  ) dipped southward, investors again loaded up. No real news has emerged, but the boardroom confusion clearly continues, and investors are sensing a window of opportunity while it does.

In contrast, Royal Bank of Scotland (LSE: RBS.L  ) , down 1.6% at the time of writing, was in fifth place in the list of top sells, but not at all in the list of top buys. How come? Namely, there are rumors of nationalization in order to use the bank's high-street and business-sector prominence to boost lending and help get the economy moving.

Completing the banking theme, Lloyds Banking Group (LSE: LLOY.L  ) was the fifth-most popular buy between the market's opening and noon. Again, there's no real news, but behind the headlines there's a growing sense that progress is being made. The rate of bad loans is declining, the bloated balance sheet is slimming, and the longed-for dividend gets ever closer. For some investors, then, the glass was more half-full than half-empty.

Will they be disappointed? Time will tell.

Finally, what are super-investors Neil Woodford and Warren Buffett buying today? We can't tell you that, but we can tell you the names of the shares that they've bought in the recent past and why they bought them.

So download this free report to discover the shares that interest Neil Woodford right now, and this free report to learn the name of the British share that Warren Buffett has been buying recently.

Are you looking to profit from this uncertain economy? "10 Steps To Making A Million In The Market" is the very latest Motley Fool guide to help Britain invest. Better. We urge you to read the report today -- it's free.

Investing ideas from Malcolm Wheatley:

Malcolm owns shares in Lloyds Banking. The Motley Fool owns shares of Standard Chartered. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.

Disclaimer: The TD Direct Investing (www.tddirectinvesting.co.uk) list of Top Ten Buys should not be taken as a recommendation to buy or sell any particular bond or stock, and is not intended as any form of advice. Instead, it is simply an indication of the general buying trends among TD Direct Investing customers during the period stated.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 1975246, ~/Articles/ArticleHandler.aspx, 11/26/2014 2:03:32 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement