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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:

Amazon.com Inc (NASDAQ: AMZN)

Amazon under fire over poor treatment of workers during pandemic
Plans to capture market share with grocery delivery services
Announces partnership with Vector to mine data for renewable energy
Analyst outlook positive ahead of Q2 earnings report

Microsoft Corporation (NASDAQ: MSFT)

Microsoft exceeds $50 billion in revenue in FY20
Ranks third on Forbes 2020 Most Valuable Brands list
Announces Mastercard partnership for ecommerce innovation

Plug Power (NASDAQ: PLUG)

Plug Power launches large-scale fuel cell program
Is Plug Power in an EV stock bubble?
Mixed opinions ahead of Q2 earnings report

Facebook Inc Common Stock (NASDAQ: FB)

Facebook Q2 earnings report delayed as Zuckerberg set to testify in antitrust hearing
Stock prices affected by boycott calls
Facebook shuts down underperforming Pinterest rival app
Stock prices rise following TikTok troubles

Moderna Inc (NASDAQ: MRNA)

Moderna enters phase three of Coronavirus vaccine trial
Moderna stock price jumps after $472 million funding boost
Announces plans to sell Coronavirus vaccines at a profit
Moderna joins NASDAQ 100 Index

Beyond Meat Inc (NASDAQ: BYND)

Negative outlook ahead of Q2 earnings report
Beyond Meat announces Brazilian expansion
Beyond Meat enters Chinese supermarkets through Alibaba partnership
Announces partnership with Social Change Fund

Alibaba Group Holding Ltd (NYSE: BABA)

Alibaba apps may soon be banned in India
Alibaba summoned to Indian court over ‘wrongful firing’
Founder Jack Ma reduces company stake from 6.8% to 4.2%; cashes out billions

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