10 Most Popular Shares in Q2

See which 10 companies topped the list of most searched for stocks on Morningstar.co.uk in the second quarter of 2013

Holly Cook 16 July, 2013 | 2:56PM
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Investors have suffered a turbulent ride since the near-10% rally in the FTSE 100 index in the first three months of the year. The second quarter of 2013 has seen the UK's leading index rally and fall to such extent that in one specific week the index moved more than 800 points lower.

A negative market performance over the quarter certainly tests one's mettle, but it also provides investment opportunities and investors who use Morningstar.co.uk to generate ideas and monitor their portfolios have continuted to seek out reliable UK companies that deliver steady growth and a consistent dividend. Some more opportunistic ideas have crept into the Q2 list of most researched companies by Morningstar.co.uk users, however, with the stalwarts of Vodafone, Tesco and GlaxoSmithKline being accompanied by lesser-known stocks such as Quindell. 

Software and consulting services firm Quindell Portfolio started the second quarter trading close to 14p per share but hit 6p a share in May after a statement confirming strong trading also triggered concern around an equity swap. Whether solely to take advantage of the share price drop, or to also restore confidence in the company's outlook, CEO and chairman Robert Terry soon snapped up 1 million shares in the firm at 8p apiece and finance director Laurence Morse also bought 250,000 shares at the same price. This, combined with news of contract wins, helped to support the stock and ensure Quindell shares ended the quarter above 11p a share. Quindell is tenth on our list for Q2.

Also of note among the most popular stocks last quarter was Lloyds Banking Group. As a common holding of British tax payers, the company is often among the most researched but in the last quarter talk of when the government will unwind its position in the bank, and what investors should do when it does, encouraged more investors to review the share price and fundamentals. Lloyds is second on our list for Q2.

Just missing out on reaching the top ten were several other news-fuelled stocks, namely FastJet (FJET), the airline that services routes in Africa, and fracking firm IGas Energy (IGAS).

Among the ten most searched for companies on Morningstar.co.uk in the second quarter, listed below starting with the most popular, the vast majority have 3-Star ratings and are therefore considered to be fairly valued by Morningstar equity analysts. One company, however, carries a 2-Star rating implying our analysts see the stock as slightly overvalued.

10 Most Searched For Stocks in Q2

Vodafone (VOD)
3 Stars

Lloyds Banking Group (LLOY)
3 Stars

Tesco (TSCO)
3 Stars

GlaxoSmithKline (GSK)
3 Stars

FirstGroup (FGP)
Not rated

Aviva (AV.)
3 Stars

BP (BP.)
3 Stars

National Grid (NG.)
2 Stars

Barclays (BARC)
3 Stars

Quindell Portfolio (QPP)
Not rated

Star Ratings for Stocks indicate whether the stock is over- or under-valued compared to our analyst's fair value estimate. Morningstar Equity Research is available to Premium subscribers. Not a Premium member? Get instant access when you take a free 14-day trial.

The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Aviva PLC418.74 GBX1.61Rating
Barclays PLC155.24 GBX1.65Rating
BP PLC426.46 GBX2.22Rating
GlaxoSmithKline PLC1,782.60 GBX1.05Rating
Lloyds Banking Group PLC44.29 GBX1.58Rating
Tesco PLC259.86 GBX-0.17Rating
Vodafone Group PLC122.94 GBX1.52Rating

About Author

Holly Cook

Holly Cook  is Manager, Morningstar EMEA Websites