Top 20 trades in US stocks by Sharesight users – February 2022

Welcome to the February 2022 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 Meta (NASDAQ: FB), which has seen its share price nosedive since its recent rebranding; followed by Tesla (NASDAQ: TSLA), which has signed a deal with Australian mineral exploration and development company Liontown Resources (ASX: LTR). It was a NASDAQ-heavy month overall, with the majority of users’ top-traded stocks spanning the tech, payments and e-commerce sectors.

Top 20 US stock trades February 2022

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

Meta (NASDAQ: FB)

• Meta has lost US$500bn since changing its name from Facebook
• Meta flagship app’s userbase grows tenfold in three months
• Zuckerberg unveils new strategy as company pivots towards metaverse

Tesla (NASDAQ: TSLA)

• Tesla signs major lithium deal with Liontown Resources
• Tesla and GM plan to expand car insurance business
• Musk donated US$5.7bn-worth of Tesla shares to charity in 2021

Amazon (NASDAQ: AMZN)

• Amazon reveals strong Q4 earnings; announces Amazon Prime price increase
• Amazon stock has its best day since 2015 following earnings announcement
• Sues two companies that allegedly acted as fake review brokers

PayPal (NASDAQ: PYPL)

• PayPal shuts accounts of 4.5m ‘bad actors’; share price plummets
• Despite epic sell-off, PayPal shares still offer ‘silver linings’, says analyst
• PayPal’s Q1 guidance falls below analyst expectations

Block (NASDAQ: SQ)

• Block has officially acquired all issued Afterpay shares
• Block shares have plunged 65% from 2021 highs
• Block shares are undervalued following sell-off, says analyst

Alibaba (NYSE: BABA)

• All eyes on Alibaba share price with Q4 earnings report coming up
• Alibaba added to US list of markets notorious for counterfeiting and piracy
• Stock falls on speculation of further regulatory crackdowns

Alphabet (NASDAQ: GOOGL)

• Alphabet beats earnings expectations; attributes growth to seasonal online shopping surge
• Alphabet announces 20-for-1 stock split
• Stock hits record high before plummeting 13%

Rocket Lab (NASDAQ: RKLB)

• Rocket Lab share price on watch ahead of quarterly earnings report
• Plans to expand facilities in Colorado
• Rocket lab moves up launch of earth imaging company Synspective

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FURTHER READING

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• Top 20 trades in US stocks by Sharesight users – January 2022