Saxo Bank

Saxo Bank's most traded stocks in Q2

Peter Garnry

Chief Investment Strategist

Editor's note: The stocks mentioned below are not intended as trading recommendations but rather as illustrations of investor activity on Saxo's trading platforms.

In a quarter marked by trade wars, political instability in the Middle East and historic Trump meetings, the US juggernaut in e-commerce, Amazon, ranked as the most-traded stock on Saxo Bank’s trading platforms SaxoTraderGO and SaxoTraderPRO. 
 
The rankings list covers the three most-traded stocks on the basis of net traded volume as well as the three most-shorted stocks (CFDs), based on the number of clients shorting the stock:

Most-traded stocks

The most traded stocks at Saxo Bank are still technology companies due to their attractive price performance and name recognition. What has changed in recent years is that the top list is becoming increasingly dominated by Chinese technology companies as global investors are finally recognising the growth opportunities in that country's technology.

Amazon: The juggernaut in e-commerce and cloud infrastructure continues to impress investors and Saxo Bank’s clients have bought into the roaring growth story. Amazon delivers every quarter even while its revenue is expected to move past the USD 200bn mark in Q2. 

Alibaba: The fastest growing e-commerce market in the world and the most dominant player in that industry is difficult to resist for investors making Alibaba the second most-traded stock. Strong price performance and increased developed markets media focus on Chinese technology companies are likely the biggest drivers of big activity in this stock

Facebook: In the wake of the Cambridge Analytica scandal, investors have been buying into the rebound story as concerns over regulation have eased. The stock price has reached new highs, supporting a lot of client activity.

Most shorted stocks

In general, we find that clients hold significant short positions in popular technology stocks in what looks like an aggregate bet against what some investors call “bubble stocks” because they exhibit rather large valuation premiums.

Tesla: The most-shorted stock among clients as the company has struggled with delivering against expectations communicated to the market on Model 3 production. Tesla has divided investors and analysts with the upcoming Q2 results being heralded as crucial for Tesla as the market is likely reaching the end of patience with Tesla to deliver on producing Model 3 cars. So far shorts have had a hard time shorting Tesla shares as Elon Musk’s showmanship has continued to gather renewed belief in the company supporting the shares.

Facebook: The second most-shorted stock, driven by high valuation and the recent Cambridge Analytica data scandal shaking investor confidence and causing US Senate and EU Parliament hearings. Despite the recent scandal, Facebook shares have reached new highs making life difficult for short sellers in Facebook. The company continues to have robust growth with monetisation of Instagram and Messenger/WhatsApp having just started. 

Apple: Amid rumours about lacklustre demand for the new iPhone X the stock price has been more volatile recently, and with general saturation of the global smartphone market, short sellers are betting on Apple getting squeezed on profits. But for now, it has been a tough shorting case as Apple continues to increase revenue and operating profits, driven increasingly by strong sales of digital content. 

Quarterly Outlook

01 /

  • Equity outlook: The high cost of global fragmentation for US portfolios

    Quarterly Outlook

    Equity outlook: The high cost of global fragmentation for US portfolios

    Charu Chanana

    Chief Investment Strategist

  • Commodity Outlook: Commodities rally despite global uncertainty

    Quarterly Outlook

    Commodity Outlook: Commodities rally despite global uncertainty

    Ole Hansen

    Head of Commodity Strategy

  • Upending the global order at blinding speed

    Quarterly Outlook

    Upending the global order at blinding speed

    John J. Hardy

    Global Head of Macro Strategy

    We are witnessing a once-in-a-lifetime shredding of the global order. As the new order takes shape, ...
  • Asset allocation outlook: From Magnificent 7 to Magnificent 2,645—diversification matters, now more than ever

    Quarterly Outlook

    Asset allocation outlook: From Magnificent 7 to Magnificent 2,645—diversification matters, now more than ever

    Jacob Falkencrone

    Global Head of Investment Strategy

  • Macro outlook: Trump 2.0: Can the US have its cake and eat it, too?

    Quarterly Outlook

    Macro outlook: Trump 2.0: Can the US have its cake and eat it, too?

    John J. Hardy

    Global Head of Macro Strategy

  • Equity Outlook: The ride just got rougher

    Quarterly Outlook

    Equity Outlook: The ride just got rougher

    Charu Chanana

    Chief Investment Strategist

  • China Outlook: The choice between retaliation or de-escalation

    Quarterly Outlook

    China Outlook: The choice between retaliation or de-escalation

    Charu Chanana

    Chief Investment Strategist

  • Commodity Outlook: A bumpy road ahead calls for diversification

    Quarterly Outlook

    Commodity Outlook: A bumpy road ahead calls for diversification

    Ole Hansen

    Head of Commodity Strategy

  • FX outlook: Tariffs drive USD strength, until...?

    Quarterly Outlook

    FX outlook: Tariffs drive USD strength, until...?

    John J. Hardy

    Global Head of Macro Strategy

  • Fixed Income Outlook: Bonds Hit Reset. A New Equilibrium Emerges

    Quarterly Outlook

    Fixed Income Outlook: Bonds Hit Reset. A New Equilibrium Emerges

    Althea Spinozzi

    Head of Fixed Income Strategy

None of the information provided on this website constitutes an offer, solicitation, or endorsement to buy or sell any financial instrument, nor is it financial, investment, or trading advice. Saxo Capital Markets UK Ltd. (Saxo) and the Saxo Bank Group provides execution-only services, with all trades and investments based on self-directed decisions. Analysis, research, and educational content is for informational purposes only and should not be considered advice nor a recommendation. Access and use of this website is subject to: (i) the Terms of Use; (ii) the full Disclaimer; (iii) the Risk Warning; and (iv) any other notice or terms applying to Saxo’s news and research.

Saxo’s content may reflect the personal views of the author, which are subject to change without notice. Mentions of specific financial products are for illustrative purposes only and may serve to clarify financial literacy topics. Content classified as investment research is marketing material and does not meet legal requirements for independent research.

Before making any investment decisions, you should assess your own financial situation, needs, and objectives, and consider seeking independent professional advice. Saxo does not guarantee the accuracy or completeness of any information provided and assumes no liability for any errors, omissions, losses, or damages resulting from the use of this information.

Please refer to our full disclaimer for more details.

Saxo
40 Bank Street, 26th floor
E14 5DA
London
United Kingdom

Contact Saxo

Select region

United Kingdom
United Kingdom

Trade Responsibly
All trading carries risk. To help you understand the risks involved we have put together a series of Key Information Documents (KIDs) highlighting the risks and rewards related to each product. Read more
Additional Key Information Documents are available in our trading platform.

Saxo is a registered Trading Name of Saxo Capital Markets UK Ltd (‘Saxo’). Saxo is authorised and regulated by the Financial Conduct Authority, Firm Reference Number 551422. Registered address: 26th Floor, 40 Bank Street, Canary Wharf, London E14 5DA. Company number 7413871. Registered in England & Wales.

This website, including the information and materials contained in it, are not directed at, or intended for distribution to or use by, any person or entity who is a citizen or resident of or located in the United States, Belgium or any other jurisdiction where such distribution, publication, availability or use would be contrary to applicable law or regulation.

It is important that you understand that with investments, your capital is at risk. Past performance is not a guide to future performance. It is your responsibility to ensure that you make an informed decision about whether or not to invest with us. If you are still unsure if investing is right for you, please seek independent advice. Saxo assumes no liability for any loss sustained from trading in accordance with a recommendation.

Apple, iPad and iPhone are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc. Android is a trademark of Google Inc.

©   since 1992