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Top trades by global Sharesight users — October 2024

by Stephanie Stefanovic, Content Manager, Sharesight | Oct 29th 2024

Welcome to the October 2024 edition of Sharesight’s monthly trading snapshot for global investors, where we look at the top 20 trades made by Sharesight users around the world, excluding Australia and New Zealand (which we cover separately). Below we will reveal the top trades by our global userbase, highlighting some of the most popular stocks and the market-moving news behind them.

Top trades in October 2024

Top 20 trades Global Oct24

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This month’s top trades were strongly led primarily by buy trades in NVIDIA (NASDAQ: NVDA), which saw its share price rise steadily throughout October, hitting a new 52-week high. The top trades were followed by Vanguard’s S&P 500 ETF (NYSEARCA: VOO) and Tesla (NASDAQ: TSLA), which saw its share price skyrocket following the release of a Q3 earnings report that exceeded analysts’ expectations. It was a strong month for tech stocks in general, with 13 of the top 20 trades consisting of stocks belonging to the tech, EV, semiconductor and e-commerce sectors.

Let’s look at the market-moving news behind some of this month’s top stocks:

NVIDIA (NASDAQ: NVDA)

Tesla (NASDAQ: TSLA)

Microsoft (NASDAQ: MSFT)

Apple (NASDAQ: AAPL)

Amazon (NASDAQ: AMZN)

Palantir Technologies (NYSE: PLTR)

Alibaba (NYSE: BABA)

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Disclaimer: The above article is for informational purposes only and does not constitute a specific product recommendation, or taxation or financial advice and should not be relied upon as such. While we use reasonable endeavours to keep the information up-to-date, we make no representation that any information is accurate or up-to-date. If you choose to make use of the content in this article, you do so at your own risk. To the extent permitted by law, we do not assume any responsibility or liability arising from or connected with your use or reliance on the content on our site. Please check with your adviser or accountant to obtain the correct advice for your situation.

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