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 again active last week – here's a rundown of some of the most bought and sold stocks on the platform. Equinox Gold was a new name to make the list of most bought stocks as it completed its acquisition of Calibre Mining to make Canada’s second-largest gold producer. Coreweave – an AI startup that’s rallied 325% this year saw interest as investors latched onto its rally and the boom in artificial intelligence spending, while Metaplanet attracted plenty of bids after the Tokyo-based company’s latest Bitcoin purchase. Lockheed Martin saw plenty of interest as clients homed in on the defence spending theme amid the conflict between Iran and Israel – indeed worth a mention that a little further down the list the VanEck Defense UCITS ETF was also among our most bought assets in the equity basket. Among some of our perennially popular stocks we saw plenty of buying in Tesla and Palantir, which hit a record high. And in the UK market it was BP and Shell who took the top spots for domestic stocks most bought by British clients as oil prices rallied sharply on those geopolitical concerns. Electric vertical take-off and landing company Archer Aviation was again popular. Among the most sold stocks we saw investors trimming exposure to Nvidia, while there was some noticeable selling in some Chinese names including Ostin Technology, XPeng and Alibaba.
Data source: Saxo UK client activity