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

Welcome to the May 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, trades were strongly led by Tesla (NASDAQ: TSLA), which has seen its share price surge as opportunistic investors take advantage of the recent tech market correction, as well as plummeting prices due to Elon Musk’s bid to buy Twitter. Trades were followed by Apple (NASDAQ: AAPL), which has recently gained the attention of analysts who see upside potential for Apple following the tech market correction. It was a strong month for tech stocks overall, with FAANG stocks all making an appearance in the top 20 trades for May.

Top 20 US stock trades May 2022

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

Tesla (NASDAQ: TSLA)

• Tesla share price surges almost 20% in a week

• Elon Musk claims Bill Gates has multi-billion dollar short against Tesla

• Twitter shareholders sue Musk for ‘market manipulation’

Apple (NASDAQ: AAPL)

• Analysts see 32% upside for Apple stock despite production issues

• Apple supply chain faring ‘better than expected’ despite Chinese lockdowns, says analyst

• Officially enters bear market alongside other tech giants

Amazon (NASDAQ: AMZN)

• Amazon to undergo 20-for-1 stock split in June

• Stock price jumps as consumer outlook improves

• Amazon stock has lost almost all its pandemic gains

Meta (NASDAQ: FB)

• Meta loses US$53 billion in market value after Q2 earnings warning

• Apple requests no further regulation in Australia as iPhone’s tracking blocker is hurting business

• Down almost 50%, will Meta rebound soon?

Netflix (NASDAQ: NFLX)

• Netflix faces threat of losing hit shows to other streaming platforms

• Ad-supported tier and password crackdown expected by end of 2022

• What lies ahead for Netflix and its rivals?

Shopify (NYSE: SHOP)

• Shopify makes its largest ever acquisition, buying logistics company Deliverr

• Plans to stand behind crypto despite recent market crash

• Announces 10-for-1 stock split for June

Alibaba (NYSE: BABA)

• Shareholders panic sell Alibaba following news a man named "Ma" was arrested in Hangzhou

• Alibaba declines to provide guidance for the fiscal year due to COVID uncertainty

• Alibaba shares rise following better-than-expected Q4 earnings

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