Sharesight20 top 20 trades on ASX - July 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 July 2020 edition of the Sharesight20ASX monthly trading snapshot, where we look at the top 20 trades Sharesight users made on the ASX during the month.

Here are July’s top 20 ASX trades.

Sharesight20 top 20 ASX trades July 2020

In July’s Sharesight20ASX snapshot, the buy-now-pay-later (BNPL) sector topped the list in both buy and sell trades, led by Zip Co (ASX: Z1P) and Afterpay (ASX: APT). Biotech giant CSL (ASX: CSL) also proved popular, likely due to increased hype around the company’s role in Covid-19 vaccine trials and manufacturing. As always, ETFs were in demand, with investors focusing less on bear-themed ETFs than in recent months, and instead betting on the long-term recovery of the economy.

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

Zip Co Ltd (ASX: Z1P)

• Zip Co acquires US-based QuadPay as part of global expansion strategy
• Market cap rises by more than $1.4 billion after Quadpay acquisition
• Zip Co partners with neobank 86 400
• Zip Co share price higher despite insiders selling almost $48 million in shares

Afterpay Ltd (ASX: APT)

• Afterpay records highest ever quarterly earnings as Covid shutdown encourages online shopping
• Afterpay announces $800 million global expansion plans
• Launches loyalty program rewarding users for on-time payments
• Plans to expand user base by supporting Apple Pay and Google Pay

CSL Ltd (ASX: CSL)

• CSL initiates US Coronavirus vaccine trial
• AstraZeneca CEO joins CSL board
• CSL favoured to manufacture Australian Covid-19 vaccine

Sezzle Inc (ASX: SZL)

• Sezzle raises US$55 million in latest capital raise
• Reports Q2 sales of US$188 million, up 57.5% from Q1
• Announces new Company President and Chief Revenue Officer
• Sezzle becomes a "Public Benefit Corporation"

Kogan.com Ltd (ASX: KGN)

• Kogan reports strong June quarter, with gross profit increasing by over 115%
• Raises $20 million in share purchase plan
• Kogan could face $10 million fine for misleading consumers in 2018 EOFY sale

Splitit (ASX: SPT)

• Splitit records 260% year-on-year growth as US unemployment spikes and online shopping surges
• Announces integration with Mastercard technology
• BNPL stocks surge as US reopens Paycheck Protection Program

Betashares Nasdaq 100 ETF (ASX: NDQ)

• Six tech stocks now make up 50% of the Nasdaq 100’s value
• Vaccine hopeful Moderna joins the Nasdaq 100
• Nasdaq 100 reaches new highs
• Are Nasdaq 100 stocks at risk of the worst relative return in a decade?

Telstra Corporation Ltd (ASX: TLS)

• Telstra launches Telstra Calling for Microsoft teams
• Announces free additional phone and internet services for Covid-affected customers in Victoria
• Telstra bolsters Australian staff by 3500 in inbound call centres
• Telstra reaches turning point following Covid-19 slump

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