Top 20 trades in US stocks by Sharesight users – January 2022

Welcome to the January 2022 edition of Sharesight’s monthly USA trading snapshot, where we look at Sharesight users’ top 20 trades in US stocks on the Nasdaq, NYSE and NYSE American market (AMEX) over the month.

In this snapshot, buy and sell trades were strongly led by Tesla (NASDAQ: TSLA), which announced record profit in its latest earnings report. Trades were followed by Microsoft (NASDAQ: MSFT), which announced strong earnings buoyed by cloud growth; as well as Apple (NASDAQ: AAPL), which has reclaimed its title as the most-sold smartphone brand in China. Overall, January’s top trades were dominated by tech stocks, with many investors responding to the recent (or upcoming) release of these companies’ earnings reports.

Top 20 US stock trades January 2022

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

Tesla (NASDAQ: TSLA)

• Tesla announces record profit and soaring car deliveries
• Share price drops despite record profit; supply chain issues to blame
• California factory produced more cars than any other North American auto factory in 2021

Microsoft (NASDAQ: MSFT)

• Microsoft eclipses revenue estimates due to growing demand for cloud services
• Stock rises as Microsoft forecasts continued growth for cloud business
• Microsoft Teams surpasses 270m monthly active users

Apple (NASDAQ: AAPL)

• Apple stock gains after reclaiming top spot in Chinese smartphone sales
• All eyes on Apple share price ahead of Q1 earnings report
• Analysts bullish on Apple as supply chain issues improve

Amazon (NASDAQ: AMZN)

• Amazon ends program paying workers to praise company online
• Share price at a 10-year low; is it undervalued?
• Leading broker sees 43% upside potential on Amazon stock

Alibaba (NYSE: BABA)

• China vows to show ‘no mercy’ in regulatory crackdown impacting Alibaba
• Chinese state media implicates Ant Group in corruption scandal
• Alibaba stock drops in wake of scandal

Meta (NASDAQ: FB)

• Meta plans to let Facebook and Instagram users trade and display NFTs
• Facebook-led crypto project is dissolving; looking for buyer of its assets
• Meta patents mechanical eyeball
• Meta’s plan to offer free internet in developing countries backfires

Rocket Lab (NASDAQ: RKLB)

• Rocket Lab acquires SolAero Holdings to bolster space solar cell production
• Leading broker sees 57% upside for Rocket Lab
• Rocket Lab plans to explore Venus

PayPal (NASDAQ: PYPL)

• PayPal hit with lawsuit over accusations of money theft from users’ frozen accounts
• PayPal stock continues its losing streak as shareholders question company’s ability to hit growth targets
• All eyes on PayPal share price ahead of Q4 earnings report

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FURTHER READING

• Subscribe to Sharesight20 trading snapshots
• How Sharesight calculates your investment performance
• Sharesight users' top trades in US, ASX and NZX stocks – December 2021