Top trades by New Zealand Sharesight users — November 2024

Welcome to the November 2024 edition of Sharesight’s monthly trading snapshot for New Zealand investors, where we look at the top 20 trades made by New Zealand Sharesight users. Below we will look at the top trades overall, plus the top trades in individual stocks, which allows us to observe the broader investment trends by Sharesight users in New Zealand, while also giving us an opportunity to zoom into the most popular stocks and the market-moving news behind them.

Top trades in November 2024

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This month, the top trades were strongly led by the Smartshares US 500 ETF (NZX: USF), followed by Apple (NASDAQ: AAPL) and NVIDIA (NASDAQ: NVDA). Overall, it was a strong month for ETF trading, with 10 of the top 20 trades consisting of ETFs. It’s also worth noting that the majority of these trades are buy trades, which is to be expected in an ETF-heavy snapshot. Overall, this snapshot suggests that many New Zealand Sharesight users are employing a long-term buy-and-hold strategy.

Most-traded stocks in November 2024

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This month’s top-traded stocks were led by buy trades in Apple (NASDAQ: AAPL), which saw its share price fluctuate throughout the month. The top trades were followed by NVIDIA (NASDAQ: NVDA), which also saw its share price fluctuate throughout November, essentially ending the month at the same price it started at (as at the time of publishing).

It should be noted that the assets in our trading snapshots are ordered by the number of Sharesight users trading that asset, while the size of the bars indicate the actual trade volume. So while there are more customers trading in AAPL, the volume of NVDA trades is higher, meaning that while there are fewer people trading in NVDA, they are making more trades.

Let’s look at some of the market-moving news behind some of this month’s top stocks:

Apple (NASDAQ: AAPL)

• Apple offers to increase Indonesian investment by tenfold if iPhone ban is lifted
• Share price rises on Siri development update

NVIDIA (NASDAQ: NVDA)

• NVIDIA share price down despite strong quarterly earnings
• Potential upside for NVIDIA stock as Musk plans to spend US$9 billion on AI chips

Tesla (NASDAQ: TSLA)

• Tesla CEO’s net worth hits record high as share price soars post-Election
• Share price jumps on news that Trump wants to relax self-driving laws

Rocket Lab (NASDAQ: RKLB)

• Rocket Lab share price skyrockets following two successful launches in under 24 hours
• Secures almost US$24 million in funding for subsidiary SolAero Technologies

Microsoft (NASDAQ: MSFT)

• Microsoft share price dips following disappointing cloud growth forecast
• CEO says company needs an ‘overhaul’ following recent security issues
• Microsoft regains status as most popular stock among hedge funds

Palantir (NYSE: PLTR)

• Palantir share price hits all-time high
• Commercial revenue grows by 54%, driven by AI adoption

Spark New Zealand (NZX: SPK)

• Spark cuts FY25 guidance due to weak consumer spending and low business investment
• Appoints new chief financial officer

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FURTHER READING

• Subscribe to Sharesight20 trading snapshots
• How Sharesight calculates your investment performance
• Top trades by New Zealand Sharesight users — October 2024