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Sharesight20 top 20 trades in US stocks - July 2020

by Stephanie Stefanovic, Content Manager, Sharesight | Jul 29th 2020
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 first edition of the Sharesight20USA monthly trading snapshot, where we look at Sharesight users’ top 20 trades in US stocks on the NASDAQ and NYSE over the month.

As our user base has grown, so has the diversity of the portfolios we track. For this reason, in addition to the regular Sharesight20ASX and NZX monthly snapshots, we will also be providing a monthly snapshot for the US market, in particular the NASDAQ and NYSE.

Here are July’s top 20 NASDAQ/NYSE trades.

Sharesight20 top 20 US stock trades July 2020

Sharesight20USA monthly snapshot July 2020

In July’s Sharesight20USA snapshot, Electric Vehicle (EV) stocks dominated the list, driven by buy trades of Tesla (NASDAQ: TSLA) and its Chinese counterpart NIO (NYSE: NIO). On the sell side, Tesla also topped the list, followed by Plug Power (NASDAQ: PLUG), which has been accused of being part of an EV stock bubble.

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

Tesla (NASDAQ: TSLA)

NIO Inc - ADR (NYSE: NIO)

Apple Inc (NASDAQ: AAPL)

Amazon.com Inc (NASDAQ: AMZN)

Microsoft Corporation (NASDAQ: MSFT)

Plug Power (NASDAQ: PLUG)

Facebook Inc Common Stock (NASDAQ: FB)

Moderna Inc (NASDAQ: MRNA)

Beyond Meat Inc (NASDAQ: BYND)

Alibaba Group Holding Ltd (NYSE: BABA)

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