What Stocks are Saxo Clients Buying and Selling – 28 July

 

Most Bought and Sold Last Week

Saxo clients were active in the market last week – here's a quick look at the stocks you were buying and selling as the S&P 500 made five straight record closing highs.

Meme stocks made a comeback but it’s a new set of names that’s attracting interest from retail investors, including Opendoor Technologies, Kohl’s, Krispy Kreme, BeyondMeat and others.

Among Saxo clients, Opendoor Technologies saw the biggest week-on-week change , while Krispy Kreme also caught some bid.

BitMine Immersion Technologies remained a top pick last week as clients snapped up shares of the Bitcoin mining company, which has been one of the most volatile names in recent weeks.

Tesla and Palantir attracted heavy interest.

Investors bought Tesla on its post-earnings weakness while Palantir entered the top 20 most valuable American companies, after its market cap hit $375bn following Friday’s 2.5% gain. Shares in the AI-defence play have more than doubled this year.

Intel was a top pick among our clients after the shares dipped sharply following its quarterly earnings update.

We also saw lots of buying of Alphabet shares in the wake of its earnings release, while clients showed interest in Galaxy Digital and AMD.

Among the most sold names were some of the higher beta stocks – Quantum Computing, Super Micro Computer, Hims & Hers and Crowdstrike, while clients were marginally net sellers of Apple and Microsoft ahead of earnings.

Finally, clients trimmed some exposure to Nvidia as the stock advanced to a fresh record high.
Check the previous week's most bought and sold shares.