Monday, May 20, 2024

New Study: The Most Popular Growth Stocks in Europe

Growth stocks have been dominating the 21st century. Facebook, Amazon, Alphabet and Starbucks are just some companies that have seen huge percentage gains.  

According to NASDAQ, a growth stock is any share in a company that is expected to grow at a rate significantly higher than the average growth for the market. Their share prices, revenue or profits flow at faster rates than the market, meaning some investors choose growth stocks to earn profits from the rapid price appreciation they offer, rather than income from dividends (although this can equally go the other way and result in losses).  

However, what is the most popular growth stock in each country in Europe? Well, CMC Markets has revealed the answers by comparing monthly AHrefs search data, revealing the most searched for growth stock in each country.

CountryMost Google Growth StockSearches (per month)
AlbaniaFacebook2,200
AndorraGoogle50
ArmeniaGoogle & Facebook2,600 (each)
AustriaGoogle22,000
AzerbaijanGoogle7,400
BelarusFacebook2,500
BelgiumGoogle70,000
Bosnia and HerzegovinaGoogle18,000
BulgariaFacebook14,000
CroatiaFacebook7,400
CyprusGoogle14,000
CzechiaFacebook9,500
DenmarkGoogle28,000
EstoniaGoogle5,100
FinlandGoogle21,000
FranceGoogle86,000
GeorgiaGoogle5,800
GermanyGoogle149,000
GreeceFacebook25,000
HungaryGoogle23,000
IcelandGoogle1,300
IrelandGoogle11,000
ItalyFacebook69,000
KazakhstanFacebook11,000
LatviaFacebook6,600
LithuaniaGoogle6,800
LuxembourgGoogle2,800
MaltaGoogle1,300
MoldovaFacebook2,900
MonacoGoogle20
MontenegroGoogle200
NetherlandsGoogle122,000
North MacedoniaFacebook2,800
NorwayGoogle27,000
PolandGoogle46,000
PortugalFacebook17,000
RomaniaFacebook29,000
RussiaGoogle33,000
San MarinoFacebook40
SerbiaFacebook15,000
SlovakiaGoogle6,600
SloveniaFacebook6,600
SpainFacebook52,000
SwedenFacebook15,000
SwitzerlandGoogle64,000
TurkeyGoogle115,000
UkraineFacebook107,000
United KingdomFacebook87,000

Two growth stocks dominated the results, with Google and Facebook being the highest performers across all countries in Europe.  

27 European countries had Google as the most frequently searched growth stock, making it the most popular on the continent. The country with the highest number of searches per month goes to Germany, which is searching for Google stock 149,000 times per month.  

Other countries with high monthly searches for Google stock include the Netherlands, with 122,000 searches and Turkey with 115,000 searches a month.  

A total of 20 European countries have Facebook as the most frequently searched growth stock. The country with the highest number of searches per month is Ukraine, with 107,000 searches each month.  

Other countries with high search results for Facebook include the United Kingdom with 87,000 searches a month and Italy with 69,000. 

Armenia was the only country tying on both Google and Facebook, with 2,600 monthly searches each. 

Michael Hewson, Chief Market Analyst at CMC Markets said: “Google and Facebook are dominating as the most popular growth stocks across Europe. Both of these companies have a huge influence on the market, and the media, which is why many Europeans are looking to invest in them.   

“We can see that countries such as the UK, Italy and Austria are producing thousands of searches each month for these two stocks.” 

The study was conducted by CMC Markets, a UK-based financial services company that offers online derivative trading such as spread betting and contracts for difference across world markets such as shares and foreign exchange. Click here to find out more.  

Disclaimer: 

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The vast majority of retail client accounts lose money when spread betting and/or trading CFDs. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money. 

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