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Stocks Defy Volatility Gods: Saxo Monthly Client Trends Report September

Equities 5 minutes to read
Neil Wilson
Neil Wilson

Investor Content Strategist

Note: This is marketing material. This article is not investment advice, capital is at risk.

Stocks Defy Volatility Gods: Saxo Monthly Client Trends Report September

Key Points

  • US large cap technology stocks continue to defy valuations and expectations as Wall Street closes out the quarter in good shape
  • The S&P 500 and Nasdaq Composite registered their best September in 15 years, defying what is usually the worst month for the stock market
  • Saxo clients loaded up on stocks exposed to precious metals and crypto, while some of the most actively traded names remained in the AI space, while quality started to shine
  • Although smaller in volume, clients were bullish on a number of UK-listed names

Wall Street notched its best September in 15 years, with the S&P 500 and the Nasdaq Composite rising 3.5% and 5.6% last month respectively.

The FTSE 100 ended the quarter at a record 9,350, having rallied by 1.8% in September to take its quarterly gain to 6.7%, the best three-month rally since 2022. The 15% YTD gain leaves it about the middle of the road in terms of global stock markets. The Hang Seng tops the table with a gain of 34%. 

With gold and silver prices surging last month the top three gainers for the month were Fresnillo, Antofagasta and Endeavour Mining.

Most Traded Stocks

Big US tech names dominated the most actively traded stocks list. But while clients were strong buyers of Microsoft, Amazon and Oracle, they were net sellers of Alphabet, Palantir and Apple.

 

Sep b and s actual
Source: Saxo

Saxo's Most Actively Traded Stocks in September

Top Stocks

Buy%

NVIDIA Corp.

53%

Tesla Inc.

50%

Alphabet Inc. - A Share

45%

Palantir Technologies Inc

48%

Amazon.com Inc.

67%

Advanced Micro Devices Inc.

55%

Microsoft Corp.

66%

Intel Corp.

51%

Apple Inc.

48%

Oracle Corp.

64%

Alibaba Group Holding Ltd - ADR

54%

Broadcom Inc.

60%

Rolls-Royce Holdings Plc

59%

BitMine Immersion Technologies Inc

86%

CoreWeave Inc.

61%

Vanguard S&P 500 Dist UCITS ETF

66%

Nebius Group NV

62%

Opendoor Technologies Inc.

63%

Strategy Inc.

52%

Rigetti Computing, Inc.

47%

Meta Platforms Inc.

50%

Micron Technology Inc.

55%

 

Popular Stocks (Stocks & ETFs with the strongest % ratio last month)

  • Some UK names (Diageo, Legal & General, Taylor Wimpey, easyJet) in the mix

  • ETFs notable as investors seek further diversification

  • Gold and silver features prominently along with crypto

  • Quality names like Coca-Cola and Microsoft popular

Top Stocks

Buy%

iShares Core MSCI World UCITS ETF

87%

BitMine Immersion Technologies Inc

86%

First Majestic Silver Corp.

86%

VanEck Gold Miners UCITS ETF

84%

MAST Energy Developments PLC

84%

Vanguard S&P 500 Acc UCITS ETF

84%

Diageo Plc

83%

Lululemon Athletica Inc.

82%

Legal & General Group Plc

81%

Vanguard FTSE All-World UCITS ETF

79%

Boeing Co.

71%

Coca-Cola Co.

71%

Taylor Wimpey Plc

69%

Archer Aviation Inc.

68%

Amazon.com Inc.

67%

EasyJet Plc

67%

Microsoft Corp.

66%

Vanguard S&P 500 Dist UCITS ETF

66%

Marvell Technology Group Ltd

65%

Oracle Corp.

64%

Nu Holdings Limited

63%

Opendoor Technologies Inc.

63%

Nio Inc. - ADR

63%

BigBear.ai Holdings Inc.

62%

iShares Core S&P 500 (Acc) UCITS ETF

62%

Credo Technology Group Holding Ltd.

62%

Nebius Group NV

62%

CoreWeave Inc.

61%

Novo Nordisk A/S - ADR

61%

Uber Technologies Inc.

61%

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