Sharesight20 top 20 trades in US stocks – May 2021
Welcome to the May 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 NYSE American market (AMEX) over the month.
In this Sharesight20USA snapshot, buy and sell trades were strongly led by Tesla (NASDAQ: TSLA), which saw a steep decline in its stock price throughout May, particularly following the announcement that the company will no longer accept Bitcoin payments. The month’s top trades were followed by Apple (NASDAQ: AAPL), which has also seen its stock price decline in May despite announcing record-breaking quarterly results at the end of April. Overall, it was a month of losses for some of the big names in tech, propelled by inflation fears and a mass crypto sell-off.
Sharesight20 top 20 US stock trades May 2021
Let’s look at the news behind the key stocks in this month’s snapshot:
Tesla (NASDAQ: TSLA)
Tesla share price in decline for fifth straight week
Value of Tesla’s Bitcoin holdings plummets by US$1.26b
Cryptocurrency market crashes following announcement that Tesla will no longer accept Bitcoin payments
Apple (NASDAQ: AAPL)
Inflation fears send Apple stock back to August 2020 levels
Apple exceeds expectations in Q2 results; revenue hits all-time record
Apple stock drops despite strong earnings report
Alibaba (NYSE: BABA)
Is Alibaba’s cloud computing division in trouble?
Alibaba records first quarterly loss since IPO
Alibaba freezes executive pay amid regulatory crackdown
Microsoft (NASDAQ: MSFT)
Microsoft stock could have 50% upside, says analyst
Stock price drops following latest quarterly earnings report
Is Microsoft stock significantly overvalued?
Amazon (NASDAQ: AMZN)
Jeff Bezos sells billions of dollars worth of Amazon shares
Amazon shares hit record high following better-than-expected earnings report
Amazon stock price could double in the next year, says analyst
Nio (NYSE: NIO)
Chip shortage will delay car deliveries, says Nio
Nio chooses Norway for its debut into global market
Nio and Tesla’s battery supplier will launch sodium-ion batteries in July
Coinbase (NASDAQ: COIN)
Goldman Sachs bullish on Coinbase; suggests stock could rise 36%
Coinbase and Tesla lead Bitcoin-related stock sell-off
Coinbase site crashes due to mass crypto sell-off
Coinbase could face competition from new decentralised exchanges
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