Top 20 trades in US stocks by Sharesight users – October 2021
Welcome to the October 2021 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 trades were led by Alibaba (NYSE: BABA), which has lost US$344 billion in market value YoY; followed by Tesla (NQASDAQ: TSLA), which hit US$1 trillion in market value this month. Sell trades were also led by Tesla, followed by Apple (NASDAQ: AAPL). It was a varied month overall, with the top trades spanning the tech, e-commerce, aerospace and entertainment industries.
Top 20 US stock trades October 2021
Let’s look at the news behind some of the key stocks in this month’s snapshot:
Tesla (NASDAQ: TSLA)
Tesla’s market value hits US$1 trillion as Hertz orders 100,000 cars
Safety issues force Tesla to remove full self-driving beta update
Tesla’s China sales are now almost half the size of US sales
Alibaba (NYSE: BABA)
Alibaba loses US$344 billion YoY in world’s biggest tumble
Alibaba plans to launch its own cloud server chip
Stock rises following chip announcement; Jack Ma’s appearance in Europe
Facebook (NASDAQ: FB)
Facebook posts US$9 billion profit for Q3
Facebook allegedly planning to rebrand with new name
Announces US$50 billion share buyback program
Rocket Lab (NASDAQ: RKLB)
Rocket Lab to launch three sets of satellites in BlackSky mission
Acquires aerospace engineering firm Advanced Solutions for US$40 million
Stock surges as Rocket Lab chosen by NASA to launch Solar Sail System
PayPal (NASDAQ: PYPL)
PayPal usage hits record high during pandemic
PayPal not pursuing Pinterest acquisition
Stock rises after PayPal denies Pinterest acquisition plans
Coinbase (NASDAQ: COIN)
Leading broker gives Coinbase a ‘buy’ rating
Crypto stolen from thousands of Coinbase customers
Stock rises on news of partnerships with Facebook and the NBA
Walt Disney (NYSE: DIS)
Disney downgraded by leading broker as Disney+ growth slows
Disney continues to underperform the market
Could Netflix’s strong Q3 results be a good sign for Disney+?
Shopify (NYSE: SHOP)
Q3 results on the horizon; revenue expected to grow almost 50% YoY
Shopify shareholders concerned about global supply chain delays; already anticipating Q4 results
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