Quarterly Outlook
Q3 Investor Outlook: Beyond American shores – why diversification is your strongest ally
Jacob Falkencrone
Global Head of Investment Strategy
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.
Here’s the most bought and sold shares on the Saxo UK platform last week.
Last week produced fresh all-time highs for the S&P 500 and for Nvidia, which is approaching a $4 trillion market cap.
Tesla attracted a lot of volume and 56% net buy trades as the stock moved on a renewal of CEO Elon Musk’s spat with President Trump and a 14% slump in quarterly deliveries.
Palantir remained popular with 70% buys among clients as they took advantage of a 7% decline for the stock in a holiday-shortened week.
Nvidia hit a record high and was another popular stock once more with 51% buys last week as a slim majority of investors decided the ATHs were not a reason to take profits.
Among UK-listed stocks, Aviva drew interest as it completed its acquisition of Direct Line, while Marks and Spencer picked up attention from buyers as it said its online business would be fully operational by the end of the month after a lengthy disruption from a cyber attack.
Greggs saw 71% net buys for the week and one of the most bought stocks after shares in the baker plunged on a profit warning.
Elsewhere, mortgage provider Rocket Companies interested buyers as it completed its acquisition of Redfin.
RobinHood, Apple, Coinbase and Rolls-Royce retained their positions among the most popular stocks on the platform.
Finally, in the funds space the FTSE All-World UCITS ETF was the most bought as investors continued to latch onto the theme of diversification.
Among the most sold stocks we saw FTSE 250 listed Bytes Technology offloaded by clients after the stock plunged by a third after the company cut its earnings outlook, while UK-listed miners Anglo American and Glencore were also shunned.