Sharesight20 top 20 trades in US stocks – January 2021

Disclaimer: The below 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.

Welcome to the January 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.

Sharesight20 top 20 US stock trades January 2021

In January’s Sharesight20USA snapshot, trades were strongly led by Tesla (NASDAQ: TSLA), which is trading at an all-time high ahead of its Q4 earnings report. Trades were followed by Tesla rival Nio (NYSE: NIO), which recently announced record-breaking car deliveries at its Nio Day event. Perhaps the biggest story this month, however, is the chaos surrounding GameStop (NYSE: GME), a stock that had been targeted by short sellers before catching the eye of the r/WallStreetBets subreddit.

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

Tesla (NASDAQ: TSLA)

• Tesla approved for new battery factory in Berlin

• Xpeng releases autonomous highway driving features in bid to one-up Tesla

• Tesla to receive portion of US$3.5b EU battery aid

Nio (NYSE: NIO)

• Nio announces 75,000 deliveries and solid state battery at Nio Day 2020

• Nio doubled car deliveries in 2020

Apple (NASDAQ: AAPL)

• Apple expected to break records with latest earnings report

• Apple has its best Indian quarter; iPhone shipments up 100% YoY

• Shares could rise 25% in 2021 based on iPhone sales and Chinese demand, says analyst

Alibaba (NYSE: BABA)

• Founder Jack Ma makes first appearance since October in online meeting; shares surge

• Alibaba under investigation over founder’s disappearance; stock price tumbles

• Alibaba removed from potential US investment ban list

GameStop (NYSE: GME)

• GameStock shares skyrocket following Elon Musk tweet; value grows by US$4b

• GameStock short sellers lose US$1.6b in one day

• Short sellers continue to fight against Reddit-fuelled GameStock rally

Microsoft (NASDAQ: MSFT)

• Microsoft eclipses expectations in latest earnings report; records US$40b sales

• Profit fuelled by cloud adoption during pandemic

• Analysts bullish on Microsoft

Amazon (NASDAQ: AMZN)

• Amazon to create 3,000 jobs with Boston office expansion

• Amazon Prime membership experiencing rapid growth

• Finnish food delivery app raises US$530m to take on Amazon

Facebook (NASDAQ: FB)

• US govt. asks Australia to retract proposed law requiring Facebook and Google to pay for news

• ‘Anti-Facebook’ social media platform MeWe gains 2.5m members in one week

• UK launches Facebook News platform

Blackberry (NYSE: BB)

• Blackberry shares soar due to Reddit momentum traders

• Blackberry pens deal with Baidu to power Chinese EVs

• Share price hits a 9-year high

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• Sharesight20 top 20 trades in US stocks for 2020