Top trades by global Sharesight users — October 2024
Welcome to the October 2024 edition of Sharesight’s monthly trading snapshot for global investors, where we look at the top 20 trades made by Sharesight users around the world, excluding Australia and New Zealand (which we cover separately). Below we will reveal the top trades by our global userbase, highlighting some of the most popular stocks and the market-moving news behind them.
Top trades in October 2024
Note: To get a closer look at this chart, you can right-click and open the image in a new tab (for desktop) or press-hold and download the image or open it in a web browser (for mobile).
This month’s top trades were strongly led primarily by buy trades in NVIDIA (NASDAQ: NVDA), which saw its share price rise steadily throughout October, hitting a new 52-week high. The top trades were followed by Vanguard’s S&P 500 ETF (NYSEARCA: VOO) and Tesla (NASDAQ: TSLA), which saw its share price skyrocket following the release of a Q3 earnings report that exceeded analysts’ expectations. It was a strong month for tech stocks in general, with 13 of the top 20 trades consisting of stocks belonging to the tech, EV, semiconductor and e-commerce sectors.
Let’s look at the market-moving news behind some of this month’s top stocks:
NVIDIA (NASDAQ: NVDA)
- NVIDIA share price hits new 52-week high amid bullish analyst sentiment
- NVIDIA briefly surpasses Apple as world’s most valuable company
Tesla (NASDAQ: TSLA)
- Tesla beats Q3 earnings expectations, driven by cost cuts
- Shares rise to highest price in 13 months in post-earnings rally
Microsoft (NASDAQ: MSFT)
- Microsoft CEO gets 63% pay increase despite allegedly requesting a reduction
- Microsoft claims Google has been attempting to sabotage its cloud business
- Share price on watch ahead of Q1 earnings report
Apple (NASDAQ: AAPL)
- Apple barred from selling iPhone 16 in Indonesia
- Share price drops following report that Apple cut orders for iPhone 16 by millions of units
Amazon (NASDAQ: AMZN)
- Is Amazon spending too much on AI?
- Amazon share price in the spotlight ahead of Q3 results
Palantir Technologies (NYSE: PLTR)
- Palantir share price is up 161% YoY
- Palantir is now worth AU$100 billion
- Share price in focus as Q3 earnings report looms
Alibaba (NYSE: BABA)
- Alibaba to pay US$433.5 million in shareholder lawsuit over monopoly claims
- Leading broker sees long-term upside for Alibaba
Track your investment portfolio with Sharesight
Get access to insights like this by tracking your investment portfolio with Sharesight. Built for the needs of investors like you, with Sharesight you can:
- Track all your investments in one place, including stocks, ETFs, mutual/managed funds, property, and even cryptocurrency
- Get the true picture of your investment performance, including the impact of brokerage fees, dividends, and capital gains with Sharesight’s annualised performance calculation methodology
- Run powerful reports built for investors, including performance, portfolio diversity, contribution analysis, exposure, multi-period, multi-currency valuation and future income
- Run tax reports including taxable income (dividends/distributions), Capital Gains Tax (Australia and Canada), Traders Tax (Capital Gains for traders in NZ) and FIF foreign investment fund income reports (NZ)
Sign up for a FREE Sharesight account and get started tracking your investments today.
Disclaimer: The above article is for informational purposes only and does not constitute a specific product recommendation, or taxation or financial advice and should not be relied upon as such. While we use reasonable endeavours to keep the information up-to-date, we make no representation that any information is accurate or up-to-date. If you choose to make use of the content in this article, you do so at your own risk. To the extent permitted by law, we do not assume any responsibility or liability arising from or connected with your use or reliance on the content on our site. Please check with your adviser or accountant to obtain the correct advice for your situation.
FURTHER READING
Why invest in listed investment companies?
Listed Investment Companies (LICs) offer access to professional fund management, franked income and long-term capital growth. Keep reading to learn more.
Sharesight vs. alternatives: Why investors choose our portfolio tracker
Compare Sharesight to alternative portfolio trackers and see why 500,000+ investors trust Sharesight for smarter portfolio management and tax reporting.
No rush to buy – Big Tech and banks hold the key
No rush to buy — big tech and banks hold the key. The VIX is rising quietly, signalling a shift in sentiment. Will this be a slow bounce or a longer downtrend?