Sharesight20 top 20 trades in US stocks – September 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 September 2020 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.

Sharesight20 top 20 US stock trades September 2020

In September’s Sharesight20USA snapshot, buy trades were strongly led by Tesla (NASDAQ: TSLA) and Apple (NASDAQ: AAPL), while sell trades were few and far between. Trades were largely dominated by Nasdaq-listed tech stocks, which suffered a market correction this month, and are yet to see clear signs of recovery beyond minor gains for major players including Apple, Microsoft (NASDAQ: MSFT) and Amazon (NASDAQ: AMZN).

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

Tesla, Inc (NASDAQ: TSLA)

• Tesla to produce $25,000 car in next 3 years

• Stock price drops as Tesla’s Battery Day announcements fail to impress

• ASX battery stocks stand to benefit from Tesla's production plans

• Tesla produces significant profit with South Australian battery reserve

Apple Inc (NASDAQ: AAPL)

• Apple share price reaches record high before split

• Apple sinks below $2 trillion market cap amid tech market correction

• Share price has dropped by more than 20% from its peak; $532 billion market value lost

Microsoft Corporation (NASDAQ: MSFT)

• Microsoft to partner with Telstra on AI, cloud computing and 5G solutions

• Microsoft leads US equity market rebound

Amazon.com, Inc (NASDAQ: AMZN)

• Amazon launches new Echo device range including home security drone

• Amazon enters the cloud gaming market with Luna

• Launches climate program for certified sustainable products

• Analysts bullish on Amazon stock

Nvidia Corporation (NASDAQ: NVDA)

• Nvidia to buy phone chip designer Arm Holdings for $40 billion

• Chinese regulatory approval could jeopardise Nvidia’s Arm acquisition

• Nvidia stock price jumps on Arm Holdings announcement

Nio Inc (NYSE: NIO)

• Is Nio stock overvalued compared to other automakers?

• Nio reports record high vehicle sales for August

Facebook, Inc (NASDAQ: FB)

• Facebook’s Oversight Board will launch prior to US election

• Facebook refuses to appear before foreign interference committee; requests postponement until after US election

• Thailand vows to take legal action against Facebook over political content

Advanced Micro Devices (NASDAQ: AMD)

• AMD stock reaches all-time high of more than $90/share

• AMD stock surges following launch of graphics card to compete with Nvidia

• President and CEO sells $12 million-worth of shares

Fastly, Inc (NYSE: FSLY)

• Fastly stock price rebounds following good news for TikTok

• Stock price rises on news of Signal Science acquisition

• Fastly being investigated over allegations of shareholder misinformation (press release)

Nikola Corporation (NASDAQ: NKLA)

• Nikola founder and chair resigns over fraud allegations

• Tesla alleges Nikola stole its truck design

• Nikola shares surge by 53% as General Motors takes $2 billion stake in company

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