Quarterly Outlook
Q4 Outlook for Investors: Diversify like it’s 2025 – don’t fall for déjà vu
Jacob Falkencrone
Global Head of Investment Strategy
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What Stocks are Saxo Clients Buying and Selling – 3 November
Neil Wilson
Investor Content Strategist
Summary: In this series you will gain the exclusive insight of what Saxo clients are buying and selling week on week. This is not financial advice, Capital at Risk.
Most Bought and Sold Stocks Last Week One stock stood out last week as investors piled into Meta after the company’s shares fell abruptly after its latest earnings update. Meta shares fell around 13% after the company reported third-quarter earnings that beat on sales, but it also reported a $16 billion one-time tax charge. Some of the biggest position changes week-on-week included buying into Fiserv, shares of which halved in value last week, as well as Strive (Asset Entities), the Bitcoin holding company owned by Vivek Ramaswamy, the one-time Republican presidential hopeful. Other top traded names included Palantir and Alphabet as US tech stocks rallied to complete a 4.7% gain in the Nasdaq for October. Conversely, clients were offloading Amazon last week despite the company’s earnings sending shares up 10% on Friday. It posted cloud revenues +20% in Q3, with CEO Andy Jassy saying that AWS is "growing at a pace we haven't seen since 2022". We also noted negative position changes in Intel, Tesla and GSK. Here’s a rundown of the top 30 most actively traded stocks and ETFs with the percentage of buys. Top Stocks Buy% NVIDIA Corp. 54% Meta Platforms Inc. 79% Amazon.com Inc. 40% Tesla Inc. 49% Microsoft Corp. 60% Palantir Technologies Inc. 61% Alphabet Inc. Class A 60% Apple Inc. 50% Advanced Micro Devices Inc. 57% Vanguard S&P 500 Dist UCITS ETF 72% Intel Corp. 36% Strategy Inc. 78% Broadcom Inc. 64% Netflix Inc. 57% PayPal Holdings Inc. 64% Fiserv Inc. 86% iShares Physical Gold ETC 64% Qualcomm Inc. 57% Alibaba Group Holding Ltd - ADR 50% MP Materials Corp. 63% TSMC - ADR 32% UnitedHealth Group Inc. 50% Nebius Group NV 65% Oracle Corp. 60% SoFi Technologies Inc 58% CoreWeave Inc. 76% Novo Nordisk B A/S 84% BitMine Immersion Technologies Inc 86% Coinbase Global Inc 48% Rio Tinto Plc 16% Source: Saxo
Quarterly Outlook
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Quarterly Outlook
Q4 Outlook for Traders: The Fed is back in easing mode. Is this time different?
John J. Hardy
Global Head of Macro Strategy
The Fed launched a new easing cycle in late Q3. Will this cycle now play out like 2000 or 2007? -
Quarterly Outlook
Q3 Investor Outlook: Beyond American shores – why diversification is your strongest ally
Jacob Falkencrone
Global Head of Investment Strategy
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Quarterly Outlook
Q3 Macro Outlook: Less chaos, and hopefully a bit more clarity
John J. Hardy
Global Head of Macro Strategy
After the chaos of Q2, the quarter ahead should get a bit more clarity on how Trump 2.0 is impacting... -
Quarterly Outlook
Equity outlook: The high cost of global fragmentation for US portfolios
Charu Chanana
Chief Investment Strategist
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Quarterly Outlook
Commodity Outlook: Commodities rally despite global uncertainty
Ole Hansen
Head of Commodity Strategy
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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, ... -
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
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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
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Quarterly Outlook
Equity Outlook: The ride just got rougher
Charu Chanana
Chief Investment Strategist