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

Welcome to the November 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 is currently seeing strong competition from rival companies such as General Motors (NYSE: GM). Trades were followed by Microsoft (NASDAQ: MSFT), which has been in the spotlight since hiring former OpenAI CEO, Sam Altman.

Top 20 US stock trades November 2023

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

Tesla (NASDAQ: TSLA)

• Tesla visits Indonesian nickel plant for potential investment
• EV car registrations surpass diesel for first time in Europe
• Analysts predict ‘major growth’ for Tesla rival General Motors

Microsoft (NASDAQ: MSFT)

• Microsoft hires Sam Altman after he fails to return to CEO position at OpenAI
• Microsoft share price reaches all-time high after hiring Sam Altman
• Microsoft unlikely to get seat on OpenAI board, say experts

Apple (NASDAQ: AAPL)

• Apple share price up 45% since beginning of 2023
• Post-earnings rally comes to a halt due to soft iPhone sales data
• Apple partner Foxconn plans to invest US$1.54 billion in Indian expansion plan

Amazon (NASDAQ: AMZN)

• Amazon stock close to hitting new high
• Amazon cuts hundreds of jobs from Alexa unit
• Amazon shares rise following Salesforce deal; reports it surpassed FedEx, UPS in deliveries

NVIDIA (NASDAQ: NVDA)

• NVIDIA triples quarterly revenue, however China sales are a concern
• NVIDIA shares to soar on autonomous vehicle boom, say analysts
• Analysts forecast 50% upside for NVIDIA stock

Alibaba (NYSE: BABA)

• Alibaba shares down 65% since 2021
• PDD Holdings close to overtaking Alibaba as China’s most valuable e-commerce company
• Jack Ma calls for ‘change and reform’ at Alibaba as rivals gain ground

Meta (NASDAQ: FB)

• Meta’s Q3 revenue skyrockets 23%, profit more than doubles to US$11.6 billion
• Meta share price up 275% in a year
• Meta share price due to drop, according to analysts

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