Quarterly Outlook
Equity outlook: The high cost of global fragmentation for US portfolios
Charu Chanana
Chief Investment Strategist
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What Stocks are Saxo clients buying and selling? 25th of February 2025
Saxo
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.
Buy Side:
BAE Systems: The largest defence contractor in Europe. Many of the most bought stocks as of last week are European defence stocks, due to recent comments by US President Trump about no longer wanting to support Ukraine.
Anglogold Ashanti: A gold mining company. Its quarterly earnings and cash flow from operations increased due to rising gold prices.
VanEck Defense UCITS: For the first time in this series, we have an ETF. As mentioned earlier, there has been a surge in investments in defence stocks, particularly in Europe. However, this ETF has global exposure. Its main holdings include Palantir, followed by Leidos, Booz Allen Hamilton, Curtiss-Wright, Thales, Leonardo, BWX, CACI International, and SAAB. We also have a theme basket specific to defence available on the platform that you can check out.
AMD: Consistently on the list, the stock dropped nearly 10% over the last month.
Perseus Mining: An Australian gold mining company, which recently recorded a 23% increase in net profit and a 19% increase in revenue.
Rheinmetall AG: The German defence stock gained over 29% last month.
Rigetti Computing: One of the leading names in the quantum industry. A reminder that this is a very volatile sector.
Saab: The Swedish defence company gained over 22% last week.
Sell Side:
Uber Technologies: The stock gained over 15% in the last month but dropped 1% last week.
Amazon: The stock dropped close to 5% last week.
Alibaba: The stock gained over 11% last week due to strong results and an announced partnership with Apple.
Apple: CEO Tim Cook recently promised President Donald Trump to move the company’s manufacturing to the US from Mexico.
Lloyds: The stock gained close to 2% on Friday and recently announced its intention to launch a share buyback program.
PayPal: The stock dropped over 16% last month.
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