Sharesight20 top 20 trades in US stocks – October 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 October 2020 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 October 2020
In October’s Sharesight20USA snapshot, Nasdaq heavyweights Tesla (TSLA), Apple (AAPL), Amazon (AMZN) and Microsoft (MSFT) led the buy and sell trades, with investors feeling positive ahead of earnings reports for Apple and Amazon, while Microsoft’s share price has remained relatively flat despite its impressive Q1 2021 earnings. The past month also saw many trades on the NYSE, with Nio (NIO), Fastly (FSLY) and Square (SQ) being popular buy and sell trades for Sharesight users.
Let’s look at the news behind the key stocks in this month’s snapshot:
Tesla (NASDAQ: TSLA)
Tesla confirms plan to spend up to $12b on new electric car and battery factories
US safety regulator eyes Tesla’s new self-driving technology
Dispute over Chinese recall of nearly 30,000 Tesla vehicles
Tesla’s SA battery fully operational; output expanded by 50%
Tesla’s NSW big battery project expected to accelerate transition to renewables
Apple (NASDAQ: AAPL)
Investors await release of Apple’s latest earnings report
Analysts bullish on Apple ahead of Q4 earnings
Apple share price rises as investors await iPhone reveal
Amazon.com (NASDAQ: AMZN)
Analysts bullish on Amazon stock due to expansion and logistics strength
Amazon stock rises in anticipation of Prime Day
What should investors expect in Amazon’s Q3 earnings report?
Microsoft Corporation (NASDAQ: MSFT)
Microsoft reports strong Q1 2021 results: Revenue up by 12%
Share price wavering despite positive earnings report
Microsoft partners with Adobe and c3.ai to develop Salesforce contender
Nio (NYSE: NIO)
Nio shares drop as US political woes send stock market into chaos
Nio to develop its own computing chips for autonomous driving
Nio stock jumps 26% on bullish JP Morgan report
Fastly (NYSE: FSLY)
What should investors expect in Fastly’s upcoming earnings report?
Fastly stock plummets by 37% on lack of spending from TikTok owner ByteDance
Investors warned off Fastly stock due to TikTok turbulence
Square (NYSE: SQ)
Square share price surges after company invests $50 million in bitcoin
What could Square’s bitcoin investment mean for investors?
Square rival Paypal could surpass Square’s cryptocurrency compatibility
Advanced Micro Devices (NASDAQ: AMD)
AMD exceeds expectations in Q3 earnings report
AMD to buy rival chip maker Xilinx in $35 million all-stock deal
Nasdaq defies stock market downturn, fuelled by AMD
AT&T (NYSE: T)
AT&T stock surges after strong Q3 earnings report
Thousands of job cuts at AT&T; more to come
Speculation that job cuts will hurt, not help, AT&T’s future growth
Zoom Video Communications (NASDAQ: ZM)
Zoom stock continues to rise as US Coronavirus cases worsen
Zoom launches end-to-end encryption product for free and paid users
Executives sell $580 million-worth of Zoom stock
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