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What Stocks are Saxo Clients Buying and Selling – 21 October

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

Investors used the opportunity of the tech-led, trade war-inspired selloff of Friday 10, October to lean into some big tech names, notably Nvidia, which topped the list of the most active stocks with a strong bullish bias (59% buys) as clients turned positive on the stock again. Amazon was similarly well bid by clients, as was AMD.

Clients were net buyers of the broader US market via the Vanguard S&P 500 Dist UCITS ETF.

Weakness in crypto markets has spurred buying of bitcoin treasury company Strategy, while BitMine Immersion Technologies remained a favourite.

Quantum computing names were again very popular, but we evidence mixed sentiment around the big players in the space – Rigetti, IonQ and D-Wave.

Among the biggest position changes week-on-week we saw interest in nuclear energy stock Oklo, rare earths miner MP Materials, and Wall Street bank Morgan Stanley, which posted bumper earnings last week.

We saw negative sentiment on Tesla, Intel and Rolls-Royce as clients turned net sellers of those stocks.

Here’s a rundown of the top 20 most actively traded stocks with the percentage of buys.

Top Stocks

Buy%

NVIDIA Corp.

59%

Amazon.com Inc.

61%

Tesla Inc.

42%

Rigetti Computing, Inc.

47%

Advanced Micro Devices Inc.

54%

Vanguard S&P 500 Dist UCITS ETF

72%

Palantir Technologies Inc.

53%

Strategy Inc.

72%

iShares Physical Gold ETC

54%

MP Materials Corp.

56%

D-Wave Quantum Inc.

44%

IonQ Inc.

63%

Meta Platforms Inc.

49%

Oracle Corp.

51%

Rolls-Royce Holdings PLC

38%

Intel Corp.

39%

Alphabet Inc. Class A

50%

Broadcom Inc.

54%

BitMine Immersion Technologies Inc

73%

Microsoft Corp.

53%

 

 

Source: Saxo

 

 

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