Top 20 trades in US stocks by Sharesight users – July 2021

Welcome to the July 2021 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 trades were narrowly led by Alibaba (NYSE: BABA), which was part of a Chinese stock selloff in the broader market caused by growing regulation fears. At the same time, buy and sell trades were also led by US tech giants Apple (NASDAQ: AAPL) and Tesla (NASDAQ: TSLA), both of which posted strong financial results this month.

Top 20 US stock trades July 2021

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

Apple (NASDAQ: AAPL)

• Apple profit almost doubles amid improved consumer spending and growing optimism
• Shares fall despite eclipsed earnings expectations due to iPhone chip supply issues
• Apple to enter BNPL market with Apple Pay Later

Alibaba (NYSE: BABA)

• Alibaba shares plummet as concerns over Chinese regulation grow
• Speculation that Alibaba is planning to re-enter the music streaming market
• Alibaba is working on quantum platform for cryptosecurity

Tesla (NASDAQ: TSLA)

• Tesla beats earnings expectations despite global chip shortage
• Key growth milestone for Tesla’s solar and energy storage business
• Tesla suffers US$23m hit in Q2 due to plunging Bitcoin prices

Amazon (NASDAQ: AMZN)

• Could a stock split be looming for Amazon?
• Amazon denies it will accept crypto as payment, causing Bitcoin to tumble
• Amazon now required to pay workers for time spent in security checks; must pay out US$8.67m

Microsoft (NASDAQ: MSFT)

• Microsoft records record-breaking year; exceeds US$60b in earnings
• Share price drops despite strong financial results due to Azure growth concerns
• Share price hits all-time high ahead of upcoming earnings report

Nio (NYSE: NIO)

• Nio share price drops 9% as regulatory crackdowns cause Chinese stock selloff
• Nio cars now available in Norway; customer deliveries to commence in September
• Plans to add 3,700 battery swap stations by 2025

GameStop (NYSE: GME)

• GameStop to be added to S&P 400 Index
• Plans to revive stores and grow online sales
• Share price falls as meme stocks lose favour

Upstart (NASDAQ: UPST)

• Upstart share price grew 207% in first half of 2021, eclipsing S&P 500 returns
• Upstart enters car loan market
• Share price grows 7% following Buy rating by Goldman Sachs

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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

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• Sharesight users' top 20 trades in US, ASX and NZX stocks – June 2021