Sharesight20 top 20 trades on ASX – January 2021

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 January 2021 edition of the Sharesight20ASX monthly trading snapshot, where we look at the top 20 trades Sharesight users made on the ASX during the month.

Sharesight20 top 20 ASX trades January 2021

In January’s Sharesight20ASX snapshot, buy trades were led by the Vanguard Australian Shares (ASX: VAS) and Diversified High Growth (ASX: VDHG) ETFs. This comes after a month of share price recovery for the ASX, which in January achieved its highest closing price in 11 months. At the same time, sell trades were strongly led by Zip Co (ASX: Z1P), which revealed robust quarterly earnings and completed a $56 million share purchase plan.

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

Zip Co (ASX: Z1P)

• Zip Co announces strong quarterly earnings; 88% revenue growth YoY
• Raises $56m in share purchase plan
• Zip flags further US growth plans
• Zip invests in Czech company Twisto Payments

CSL (ASX: CSL)

• CSL to have first Australian COVID vaccine batch ready after March
• Vaccine fails to prop up CSL share price
• CSL remains focused on vaccine following efficacy concerns
• CSL trading around its COVID lows

Vulcan Energy (ASX: VUL)

• Vulcan Energy share price up 4000% YoY
• Share price reaches an all-time high
• Vulcan announces plan to become world’s first zero carbon lithium producer

Pilbara Minerals (ASX: PLS)

• Pilbara Minerals acquires Altura lithium project
• Completes $240m capital raise, ready to buy Pilgangoora lithium project
• Achieves record spodumene shipments in December quarter
• Pilbara boosts lithium exports on EV industry growth

Afterpay (ASX: APT)

• Afterpay share price hits all-time high following Zip earnings report
• Afterpay shares surge on analyst upgrade
• Share price has grown 250% YoY

Tyro Payments (ASX: TYR)

• Week-long Tyro outage forces thousands of businesses to reject payments
• Tyro blames outage on software malfunction; addresses alleged "false claims" by short-seller report
• Tyro shares recovering following short-seller report

Woodside Petroleum (ASX: WPL)

• Woodside reports almost 35% drop in Q4 revenue YoY; cites weak oil and gas prices
• Chinese buyers eyeing Woodside’s $16b Scarborough project
• LNG spot prices expected to double in 2021 say analysts

Strategic Elements (ASX: SOR)

• Strategic Elements share price surges in January
• Positive results for UNSW trial of nanocube memory technology
• Strategic Elements reveals 2021 plans to commercialise key projects

Fortescue Metals (ASX: FMG)

• Fortescue reports $1.2b December profit on back of high iron ore prices; raises dividend expectations
• Fortescue chairman unveils plans to build Australia’s first green steel pilot plant; aims to phase out coal
• Cost blowout on Fortescue’s WA Iron Bridge project

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FURTHER READING

• Subscribe to Sharesight20 trading snapshots
• How Sharesight calculates your investment performance
• Sharesight20 top 20 trades in US, ASX and NZX stocks – December 2020