Sharesight20 top 20 trades in US stocks – March 2021

Welcome to the March 2021 edition of the Sharesight20USA monthly trading snapshot, where we look at Sharesight users’ top 20 trades in US stocks on the Nasdaq, NYSE and AMEX over the month.

In this Sharesight20USA snapshot, buy trades were strongly led by Tesla (NASDAQ: TSLA), which has seen steadily declining share prices since February. At the same time, sell trades were led by GameStop, which produced mixed Q4 earnings results that caused share prices to surge once again. Other top trades included Apple (NASDAQ: AAPL), Palantir Technologies (NASDAQ: PLTR) and Nio (NYSE: NIO).

Sharesight20 top 20 US stock trades March 2021

Let’s look at the news behind the key stocks in this month’s snapshot:

Tesla (NASDAQ: TSLA)

• Analyst predicts Tesla stock could rise 350% by 2025
• Tesla cars banned from Chinese military bases amid fears of spying
• Elon Musk claims Tesla will surpass Apple ‘in a few months’

Apple (NASDAQ: AAPL)

• Apple could expand its Indian market presence in 2021
• Could an increase in Apple’s capital spending be a good sign for investors?
• Apple shares could continue to lag the market throughout 2021

GameStop (NYSE: GME)

• GameStop share price skyrockets 52% despite mixed Q4 earnings
• Shares have been 6x more volatile than Bitcoin
• GameStop board could experience mass departures

Nio (NYSE: NIO)

• Nio shares drop almost 25% over past month
• Chip shortage causes Nio to halt production, lower output projection
• Chinese EV automakers expected to report steep losses for March quarter

Microsoft (NASDAQ: MSFT)

• Microsoft to receive over US$193m in COVID relief funds for US cybersecurity defenders
• Microsoft looking to acquire Discord for over US$10b
• Software hack affects 60,000 globally; origin thought to be Chinese hacking group

Amazon (NASDAQ: AMZN)

• Amazon sued over gruelling working conditions in US warehouse
• Amazon shares down 9.3% following last earnings report
• Is there upside for Amazon stock in 2021?

Alibaba (NYSE: BABA)

• Alibaba shares dive in response to US delisting threat
• Alibaba instructed to sell off tech assets in Chinese government crackdown
• Shares up despite possible US$975m fine for anti-competitive behaviour

Walt Disney (NYSE: DIS)

• Disney stock hits all-time high
• Disneyland will reopen to limited capacity on April 30
• Disney announces plan to renovate and upgrade its California resort

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Disclaimer: The above article is for informational purposes only and does not constitute a product recommendation, or taxation or financial advice and should not be relied upon as such. Always check with your financial adviser or accountant to obtain the correct advice for your situation.

FURTHER READING

• Subscribe to Sharesight20 trading snapshots
• How Sharesight calculates your investment performance
• Sharesight20 top 20 trades in US stocks – February 2021