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.
Last week saw investors look through near-term headwinds to focus on the positives as the Israel-Iran ceasefire held, the US and China formalised their deal on rare earths and tech, and the White House signalled the July 9th deadline on tariffs could be flexible.
Here's a rundown of some of the most bought and sold stocks on the platform.
Hims & Hers was among our most popular buys last week. Investors snapped up the shares after they sank 35% as Novo Nordisk ended its Wegovy partnership with the telehealth firm. Shares bounced Thursday by 11%.
BigBear.ai was another favourite as clients jumped onboard a huge surge in the stock.
BP saw plenty of interest as it was reported that Shell was in talks to buy the British oil major – a claim that Shell refuted.
Other popular stocks included Mag7 names Alphabet and Tesla, AMD and Micron in the chip sector, as well as Palantir and Coinbase.
A notable mention goes to Nvidia as investors continued to modestly trim their exposure even as the chipmaker notched a fresh all-time high last week.
There was also selling in some of the recently popular momentum stocks like Circle Internet, Rocket Lab and Broadcom.
Data source: Saxo UK client activity