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? 9 June 2025
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 Last Week
Saxo clients remained net buyers of stocks last week as global equity markets hit a fresh all-time high for the first time since February.
As the FT reported that institutional investors are starting to turn their backs on the US, we saw retail clients buying into the UK.
Rolls-Royce and BAE Systems were among the most bought stocks as sentiment around these companies received a boost from the UK government’s defence spending review, which will unlock billions more for military contractors over the coming years.
Another defence name, Chemring, also attracted some bids after it reported record-beating order inflows, while BP was another popular UK name.
In a nice bit of timing I took a look at UK defence stocks this week – the outlook and the names to consider.
But it was a new name on the platform - Valterra Platinum – which took the top spot as investors sought to gain initial exposure to the platinum miner after it was spun off from Anglo American and started trading in London and Johannesburg.
It looked like the perfect time for the stock to launch as platinum prices have surged in the last week to their highest levels in years.
US favourites last week were Amazon and Palantir, which hit a record high before pulling back sharply as it continued to look extremely volatile.
It should come as no surprise that Tesla took the crown for the most actively sold in the last week as the stock plunged in the wake of the very public spat between CEO Elon Musk and US president Donald Trump.
A less favourable regulatory environment for Tesla would clearly be a headwind as so much depends on the rollout of robotaxis.
We also saw net selling of Nvidia as investors trimmed exposure after its post-earnings bump which saw it reapproach its all-time highs.
Most Bought and Sold Last Week
Saxo clients remained net buyers of stocks last week as global equity markets hit a fresh all-time high for the first time since February. As the FT reported that institutional investors are starting to turn their backs on the US, we saw retail clients buying into the UK. Rolls-Royce and BAE Systems were among the most bought stocks as sentiment around these companies received a boost from the UK government’s defence spending review, which will unlock billions more for military contractors over the coming years. Another defence name, Chemring, also attracted some bids after it reported record-beating order inflows, while BP was another popular UK name. In a nice bit of timing I took a look at UK defence stocks this week – the outlook and the names to consider. But it was a new name on the platform - Valterra Platinum – which took the top spot as investors sought to gain initial exposure to the platinum miner after it was spun off from Anglo American and started trading in London and Johannesburg. It looked like the perfect time for the stock to launch as platinum prices have surged in the last week to their highest levels in years. US favourites last week were Amazon and Palantir, which hit a record high before pulling back sharply as it continued to look extremely volatile. It should come as no surprise that Tesla took the crown for the most actively sold in the last week as the stock plunged in the wake of the very public spat between CEO Elon Musk and US president Donald Trump. A less favourable regulatory environment for Tesla would clearly be a headwind as so much depends on the rollout of robotaxis. We also saw net selling of Nvidia as investors trimmed exposure after its post-earnings bump which saw it reapproach its all-time highs.
Data source: Saxo UK client activity
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