Top 10 Most Popular Stocks of April 2022
Summary: In a month filled with earnings announcements, Tesla is the most popular stock with Saxo Bank's global clients in April. Check out who else made the top 10.
With earnings season in full swing, market-watchers and investors have been closely tracking the results of some of the most-traded companies on the planet. This season comes on the back of unprecedented stock market volatility, with some of the top risers of 2021 seeing a swift reversal in fortunes as investors pull back from once sought-after tech stocks.
Meanwhile, our client's popular stocks list include companies that have made global headlines in the runup to earnings season, which may have boosted their popularity in unexpected ways. Let's take a look at our customers' most popular* stocks for April 2022.
1. Tesla Inc.
Despite seeing a significant fall in its share price in March 2022, Tesla has well and truly rebounded and continues to be the most popular stock for our clients. After shaking off supply chain troubles that were dragging growth, Tesla delivered a record 1.1 million EVs over the past 12 months, while also reporting some of the highest gross profit per vehicle in the entire auto industry. As CEO Elon Musk moves from auto kingpin to social media mogul, investors may be wondering whether he will loosen his grip on the reigns of Tesla going forward.
2. Netflix Inc.
The unabated popularity of Netflix shares might come as a surprise to some, given the company's recent troubles. Its own earnings reports unveiled that the company had lost more than 200,000 subscribers in the year to date. Meanwhile, the company announced shortly after that price hikes and mass layoffs were on the cards to try and stem losses. Nonetheless, with the first quarter of 2022 revenue totaling close to $8 billion, the streaming giant remains at the top of the industry by a comfortable margin.
3. Shell PLC
The fossil fuel giant Shell shot through the ranks to become one of the top-traded stocks for April, breaking into the top 10 once more. For energy market hawks, this won't come as a surprise. Following energy turmoil after Russia's invasion of Ukraine, prices for crude oil have skyrocketed, propelling the Shell share price up 18% since late February to over $2300 today. Its latest earnings report also showed that profits have tripled in Q1 compared to the same period last year.
4. ING Groep
Retail banking titan ING remained one of the most popular stock picks among Saxo Bank customers for April 2022, possibly owing to its strong position within global financial markets and a stellar reputation among corporate banking customers. Nonetheless, the recent global economic turmoil has taken a toll on ING's share price, which has fallen more than 35% since its peak on February 9th.
5. ASML Holding
ASML Holding is a global leader in the semiconductor industry, producing highly complex components for some of the largest companies in the world. Once again, ASML has cracked into the top 10 most-traded stocks, with the ongoing global semiconductor shortage helping to keep prices high and customer orders frequent. Despite this, ASML's Q1 earnings were actually lower than last year, totaling €3.5 billion. While this was slightly ahead of expectations, it is almost €1 billion less than the same period last year.
The remaining top 10 most popular stocks:
6. NVidia Corp.
8. Apple Inc.
10. Microsoft Corp.
Disclaimer: All trading carries risk. Any past performance stated is not an indication of future performance.
*Popularity ranking is based on the number of distinct end clients across Saxo Group trading (both buying and selling) shares.
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