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? 19 May 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
Looking at the most bought shares among Saxo clients, the top pick was UnitedHealth – clients seem to be trying to catch the falling knife here after the CEO resigned and reports of Medicare fraud investigation sent shares on a wild spiral lower.
Super Micro Computer – had been the most shorted S&P 500 stock in April and the stock rallied strongly on a massive short squeeze.
AMD – this caught some momentum on the Saudi chips deal and announcing a $6bn share buyback.
Reddit – shares jumped Wednesday and then plunged Thursday – good earnings on May 1st but investors need stomach for volatility on this one...could beneficiary from Meta’s scam epidemic.
In a world of scams, fake accounts, AI-generated answers and clickbait, Reddit seems almost unique in being somewhere you can get real answers from real people.
MKS – clients snapped up shares ahead of the earnings report this week following a 17% decline since the April 21st cyber attack update
Most Sold – really this was about profit-taking I think and some tidying up of risk exposure in portfolios among clients sensitive to positioning after such a strong rally saw the Nasdaq start to look very near term overbought.
Amazon, Nvidia, Tesla, Microsoft – trimming positions in Mag 7 after rally
TSLA is +62% off April lows, NVDA +56%, MSFT and AMZN +30%
Rounding out the top 5 most sold was Hims and Hers on profit taking after +110% rally in last month
Most Bought and Sold Last Week
Looking at the most bought shares among Saxo clients, the top pick was UnitedHealth – clients seem to be trying to catch the falling knife here after the CEO resigned and reports of Medicare fraud investigation sent shares on a wild spiral lower.
Super Micro Computer – had been the most shorted S&P 500 stock in April and the stock rallied strongly on a massive short squeeze.
AMD – this caught some momentum on the Saudi chips deal and announcing a $6bn share buyback.
Reddit – shares jumped Wednesday and then plunged Thursday – good earnings on May 1st but investors need stomach for volatility on this one...could beneficiary from Meta’s scam epidemic.
In a world of scams, fake accounts, AI-generated answers and clickbait, Reddit seems almost unique in being somewhere you can get real answers from real people.
MKS – clients snapped up shares ahead of the earnings report this week following a 17% decline since the April 21st cyber attack update
Most Sold – really this was about profit-taking I think and some tidying up of risk exposure in portfolios among clients sensitive to positioning after such a strong rally saw the Nasdaq start to look very near term overbought.
Amazon, Nvidia, Tesla, Microsoft – trimming positions in Mag 7 after rally
TSLA is +62% off April lows, NVDA +56%, MSFT and AMZN +30%
Rounding out the top 5 most sold was Hims and Hers on profit taking after +110% rally in last month
Data source: Saxo UK client activity
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