Sharesight users' top 20 trades in US stocks for 2022

Each year, Sharesight looks back at the top 20 buy and sell trades made by Sharesight users throughout the year. Welcome to the 2022 edition of our annual US trading snapshot, where we explore the top trades users have made in stocks on the Nasdaq, NYSE and AMEX this year, plus the market-moving news behind some of these stocks.

Top 20 US stocks traded in 2022

In this annual snapshot, trades were heavily concentrated on the Nasdaq, with FAANG stocks all making the top 20 trades.

The top trades were led by Tesla (NASDAQ: TSLA), which saw its share price plummet throughout 2022, with the stock losing US$600 billion in market capitalisation. Trades were followed by Apple (NASDAQ: AAPL), which saw its share price fluctuate throughout 2022, ultimately losing over 27% in value since the beginning of the year (as at the time of publishing).

Overall, US tech stocks remained popular with Sharesight users in 2022, with many investors choosing to take advantage of historically low prices caused by this year’s tech stock collapse. This year’s snapshot also marks a departure from the ‘meme stock’ trend of 2021, as seen in last year’s annual snapshot.

Let’s look at the news behind some of the key stocks in this year’s snapshot:

Tesla (NASDAQ: TSLA)

• January: Tesla announces record profit and soaring car deliveries
• February: Tesla signs major lithium deal with Liontown Resources
• March: Share price jumps on news of potential stock split
• April: Tesla loses US$126 billion as investors worry about Musk’s Twitter takeover
• May: Tesla share price surges almost 20% in a week
• July: Plans to upgrade Shanghai giga-factory to boost production
• August: Tesla stock undergoes 3:1 split
• September: Analyst sees 50% downside for Tesla stock amid rising recession fears
• October: Share price hits new 52-week low
• November: Tesla shares rise following broker upgrade, talk of new factory in Asia
• December: Tesla CEO blames stock’s US$600 billion plunge on rising interest rates

Apple (NASDAQ: AAPL)

• January: Apple stock gains after reclaiming top spot in Chinese smartphone sales
• March: Apple shares have their longest winning streak in a decade
• May: Analysts see 32% upside for Apple stock despite production issues
• July: Analysts are cite low expectations ahead of Apple’s upcoming quarterly results
• August: Stock climbs following news of Apple’s growing push into digital advertising space
• September: Apple stock down after company reverses decision to increase production
• October: Apple posts record revenue but misses iPhone sales and services targets
• December: Could Apple stock be headed back towards 2021 lows?

Microsoft (NASDAQ: MSFT)

• January: Microsoft eclipses revenue estimates due to growing demand for cloud services
• April: Cloud business continues to propel Microsoft, according to Q3 earnings report
• October: Stock sinks over 7% on weak guidance; analysts bullish on rebound
• December: Microsoft buys almosts 4% stake in London Stock Exchange in 10-year cloud deal

Meta (NASDAQ: FB)

• January: Facebook-led crypto project is dissolving; looking for buyer of its assets
• February: Meta has lost US$500 billion since changing its name from Facebook
• March: Meta drops out of the world’s top 10 most valuable companies
• May: Meta loses US$53 billion in market value after Q2 earnings warning
• July: Meta posts first-ever revenue decline, fuelled by inflation and growing competition
• September: Meta shares drop 14%, nearing pandemic low
• October: Meta shares plummet following weak earnings results
• November: Plans to lay off 11,000 employees due to revenue collapse
• December: Despite tough 2022, Meta confirms commitment to metaverse investment in 2023

Amazon (NASDAQ: AMZN)

• February: Amazon reveals strong Q4 earnings; announces Amazon Prime price increase
• March: Amazon announces 20-for-1 stock split; US$10 billion share buyback plan
• April: Pension fund trustees take on Amazon corporate board over mistreatment of warehouse workers
• May: Stock price jumps as consumer outlook improves
• August: Records second quarterly loss in a row but shares jump on strong earnings
• September: Share price rises on news Amazon will acquire Cloostermans
• October: Share price drops almost 20% on prediction of weak holiday sales
• November: Plans to lay off 10,000 employees
• December: Amazon stock is down almost 50% in 2022

Alphabet (NASDAQ: GOOGL)

• February: Alphabet beats earnings expectations; attributes growth to seasonal online shopping surge
• April: Alphabet misses Q1 revenue expectations due to slowed growth in YouTube ad revenue
• July: Alphabet’s Q2 earnings and revenue fall short of expectations
• October: Share price has its worst day since 2020 following weak earnings report

Alibaba (NYSE: BABA)

• January: China vows to show ‘no mercy’ in regulatory crackdown impacting Alibaba
• February: Stock falls on speculation of further regulatory crackdowns
• March: Alibaba share price hits 52-week low
• April: Stock hits a six-year low as Chinese COVID situation weighs on stock market
• May: Alibaba shares rise following better-than-expected Q4 earnings
• July: Fails to hit targets in global expansion plan to rival Amazon
• November: Share price rises on talks of easing Chinese COVID restrictions

Netflix (NASDAQ: NFLX)

• April: Netflix shares drop 39% as 200,000 subscribers jump ship
• May: Ad-supported tier and password crackdown expected by end of 2022
• July: Stock surges as Netflix reveals net income of US$1.4 billion in quarterly results
• December: Share price drops as ad-supported subscription tier disappoints

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FURTHER READING

• Subscribe to Sharesight20 trading snapshots
• How Sharesight calculates your investment performance
• Top 20 trades in US stocks by Sharesight users – November 2022