Sharesight20 top 20 trades in US stocks – February 2021

Welcome to the February 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, trades were strongly led by GameStop (NYSE: GME), with prices plummeting spectacularly throughout February as Reddit traders sold off their shares. Trades were followed by Tesla (NASDAQ: TSLA) and Apple (NASDAQ: AAPL), which also saw decreasing share prices this month despite a strong earnings report for Apple and mixed results for Tesla.

Sharesight20 top 20 US stock trades February 2021

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

GameStop (NYSE: GME)

• With the Reddit hype over, could GameStop become a reconstructed growth stock?

• Robinhood CEO defends decision to halt GameStop trading

• US federal prosecutors look into criminal misconduct behind GameStop trading surge

• GameStop mania fuels 23% price surge in popular retail ETF

Tesla (NASDAQ: TSLA)

• Tesla drops car prices in a bid to compete with GM’s Bolt EV

Apple (NASDAQ: AAPL)

• Warren Buffet sells $7.4 billion-worth of Apple shares

• Share price slumps after major shareholders sell out

• Apple reports strong Q1 figures; revenue over US$100b

• Investors flock to Apple’s US$14b debt deal

AMC Entertainment (NYSE: AMC)

• AMC stock price tumbles as Reddit investors sell out

• AMC expected to exceed Q4 earnings estimates, but still post significant losses

Nio (NYSE: NIO)

• Nio’s sales are finally keeping pace with its US$85b market cap; have quadrupled YoY

Amazon (NASDAQ: AMZN)

• Jeff Bezos steps down as Amazon CEO

• Amazon buys Australian e-commerce company, Selz

• Amazon sued for failing to protect workers from COVID-19

Microsoft (NASDAQ: MSFT)

• Microsoft reports strong Q2 earnings; 17% revenue growth fuelled by Azure

• Upside for Microsoft as Azure gains market share, analysts predict

• Microsoft partners with Bosch on vehicle software program

Blackberry (NYSE: BB)

• Blackberry share price plummets following ratings downgrade

• Blackberry’s share price gew 112.8% in January

Alibaba (NYSE: BABA)

• Alibaba stock is up 14% in 2021

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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.

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• Sharesight20 top 20 trades in US stocks – January 2021