Sharesight20 top 20 trades on ASX – 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 Sharesight20ASX monthly trading snapshot, where we look at the top 20 trades Sharesight users made on the ASX during the month.

Here are September’s top 20 ASX trades.

Sharesight20 top 20 ASX trades September 2020

In September’s Sharesight20ASX snapshot, Brainchip (ASX: BRN) led the buy and sell trades, with an eventful month for the software company that included achieving a $1.4 billion valuation and becoming the ASX’s latest tech unicorn. Buy and sell trades were followed by investor momentum behind BNPL stocks Zip Co (ASX: Z1P) and Afterpay (ASX: APT) – with both stocks continuing their rebound after significant Covid-related falls earlier in 2020.

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

Brainchip (ASX: BRN)

• Brainchip becomes the ASX’s latest tech unicorn with 1.4B valuation
• Brainchip validates its neural processor, to be used in NASA project
• Share prices rise following NASA partnership announcement
• Brainchip launches Indian software development centre

Zip Co (ASX: Z1P)

• Zip Co appoints new director
• Banks challenge BNPL sector with launch of zero-interest credit cards
• Zip Co acquires US BNPL company QuadPay
• Zip Co partners with eBay to offer capital to 40,000 SME customers

Afterpay Limited (ASX: APT)

• Afterpay shares tumble as CFO resignation announced; new CFO appointed
• Online sales help boost Afterpay share price by 800%
• Share prices sink as Paypal announces BNPL offering, Pay in 4
• Afterpay’s slowing US growth could be a concern for investors
• Afterpay secures partnership with Australian Retailers Association

CSL Limited (ASX: CSL)

• CSL preparing to mass-produce Covid-19 vaccine doses
• Vaccine deal fails to boost CSL price
• CSL struggling due to Covid-related plasma shortages

Sezzle Inc (ASX: SZL)

• Sezzle announces Ally Lending partnership, giving customers more ways to pay
• Share prices rise as Sezzle furthers US growth
• Sezzle releases virtual card for shoppers (press release)

Novonix Limited (ASX: NVX)

• Novonix strikes deal with Lake Resources to produce high-performance li-on battery test cells
• Leadership shakeup for Novonix
• Novonix on track for growth with expanded production capacity

Telstra (ASX: TLS)

• Telstra announces partnership with Microsoft to develop new products using AI and 5G
• NBN to slash wholesale broadband prices by $700 million over next 3 years
• Telstra share price hits 52-week low following weak FY21 guidance

Nearmap Limited (ASX: NEA)

• Nearmap launches $90 million capital raise; seeks US expansion
• Nearmap share price suffers in Wall St tech sell-off
• Share price drops following Nearmap’s capital raise announcement

Woodside Petroleum (ASX: WPL)

• Trouble for Woodside projects as LNG prices slashed
• New underwater Indigenous heritage test for oil and gas industry
• Share prices dragged down by oil price drop

Commonwealth Bank (ASX: CBA)

• Eyes on CBA following latest money laundering allegations
• CBA announces new no-interest credit card to compete with BNPL
• CBA launches digital loan service for small businesses to access $50k

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FURTHER READING

• Subscribe to Sharesight20 trading snapshots
• How Sharesight calculates your investment performance
• The top 20 trades made by SMSFs in August 2020