Top 20 trades in US stocks by Sharesight users – January 2023

Welcome to the January 2023 edition of Sharesight’s monthly USA trading snapshot, where we look at Sharesight users’ top 20 trades in US stocks on the Nasdaq, NYSE and NYSE American market (AMEX) over the month.

In this snapshot, buy and sell trades were strongly led by Tesla (NASDAQ: TSLA), which saw its share price skyrocket throughout the month. Trades were followed by Apple (NASDAQ: AAPL), which is expected to miss earnings targets in its upcoming Q1 results. It was a strong month for tech stocks overall, with more than half of the top 20 trades consisting of stocks in the technology and e-commerce sectors.

Top 20 US stock trades January 2023

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

Tesla (NASDAQ: TSLA)

• Tesla’s Q4 net income grows by 59%; slower growth expected in 2023

• Analysts revise Tesla price targets following Musk’s bullish demand comments

• Tesla stock has its best week since May 2013

Apple (NASDAQ: AAPL)

• Apple expected to report weak Q1 results

• Apple stock rises as earnings optimism grows

• Production problems continue to put downward pressure on Apple stock

Microsoft (NASDAQ: MSFT)

• Microsoft produces solid quarterly earnings results

• Microsoft Surface sales are plummeting and expected to drop further

• Plans to invest billions in OpenAI

Amazon (NASDAQ: AMZN)

• Amazon to lay off another 18,000 employees

• Amazon share price on watch ahead of Q4 results

• Could Amazon become a $2 trillion company this year?

Alibaba (NYSE: BABA)

• Alibaba stock falls on speculation of HQ move to Singapore

• Ant Group founder Jack Ma to relinquish control of company

• Stock surges following positive Chinese policy news

Meta (NASDAQ: FB)

• Meta fined €390 million for breaking EU data rules

• Speculation of more layoffs ahead for Meta staff

• Meta plans to kill off experimental social app Move

Rocket Lab (NASDAQ: RKLB)

• Rocket Lab completes first US launch after years of delays

• Share price rises following successful US launch

• Launches subsidiary focused on US defence and intelligence

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• Sharesight users' top trades in US, ASX and NZX stocks – December 2022