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

Welcome to the February 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 February. The top trades were followed by Apple (NASDAQ: AAPL), which posted weak quarterly earnings, including the biggest decline in its sales since 2019. It was a tech-heavy month overall, with 13 of the top 20 trades comprising stocks in the tech, e-commerce and semiconductor industries.

Top 20 US stock trades February 2023

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

Tesla (NASDAQ: TSLA)

• Tesla share price rallies from January low; CEO regains position as world’s richest person
• Share price on watch ahead of Tesla investor day
• Share price drops as Chinese vehicle registrations fall for second consecutive week

Apple (NASDAQ: AAPL)

• Apple sees biggest decline in sales since 2019
• Apple CEO to receive 40% pay cut this year
• Progresses on plans to move manufacturing out of China

Microsoft (NASDAQ: MSFT)

• Microsoft launches Bing Search powered by ChatGPT
• Share price down following AI-powered search chaos
• Increases Bing Search API prices threefold to recoup investments

Amazon (NASDAQ: AMZN)

• Amazon posts weak earnings fuelled by advertising slowdown
• Amazon plans to cut 18,000 jobs
• Is Amazon stock undervalued?

Meta (NASDAQ: FB)

• Share price soars as Meta beats earnings estimates
• Quarter of the world’s population used Facebook daily in December
• Meta introduces premium subscription for Facebook and Instagram

NVIDIA (NASDAQ: NVDA)

• NVIDIA beats earnings expectations; share price jumps
• NVIDIA optimistic about future despite declining gaming revenue
• Share price is up 63% in 2023

Advanced Micro Devices (NASDAQ: AMD)

• AMD stock rises on strong earnings report
• AMD CEO reaffirms expectation to increase data centre revenue in 2023
• Leading broker expects semiconductor stocks to fall 30%

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