Quarterly Outlook
Equity outlook: The high cost of global fragmentation for US portfolios
Charu Chanana
Chief Investment Strategist
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.
Saxo clients were leaning into a wide variety of stocks last week as investors searched for diversified exposure. Rolls-Royce topped the list of popular stocks withy tailwinds from UK defence spending increases and the award of a government contract to build a series of small modular nuclear reactors. Quantum computing stocks were also among the most bought stocks on the platform with IonQ and Quantum Computing attracting investors after Nvidia CEO Jensen Huang said the technology is reaching “an inflection point”. “We are within reach” of using quantum computers for “areas that can solve some interesting problems in the coming years,” he said. Another retail favourite is Archer Aviation, which develops electric vertical take-off and landing aircraft. Another interesting name that has started to crop up is Ostin Technology Group, a Chinese company that designs and builds thin-film transistor liquid crystal display (TFT-LCD) modules and polarizers. its shares have rallied over 700% since the middle of April. We also saw clients buying GameStop, Marks and Spencer and BYD, among others. On the selling side, investors trimmed some exposure to Palantir and Snowflake, while there was also some selling down of easyJet and Shell. Finally, Rheinmetall, which has had a blowout run higher this year, was among the most sold as investors booked some profits and the German equity market pulled back after hitting a record high earlier this month.
Data source: Saxo UK client activity