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Sharesight20 top 20 trades in US stocks – August 2020

by Stephanie Stefanovic, Content Manager, Sharesight | Aug 26th 2020

Disclaimer: The below article is for informational purposes only and does not constitute a product recommendation, or taxation or financial advice and should not be relied upon as such. Always check with your financial adviser or accountant to obtain the correct advice for your situation.

Welcome to the August 2020 edition of the Sharesight20USA monthly trading snapshot, where we look at Sharesight users’ top 20 trades in US stocks on the NASDAQ and NYSE over the month.

Sharesight20 top 20 US stock trades August 2020

Top 20 NASDAQ NYSE monthly Aug2020

In August’s Sharesight20USA snapshot, Apple (NASDAQ: AAPL) leads the buy trades, as it becomes the first US company to reach a $2 trillion market cap. This is closely followed by Tesla (NASDAQ: TSLA), which has seen share prices soar to over $2,000. Sell trades are also led by Tesla, as well as Eastman Kodak (NYSE: KDK), which has been accused of insider trading following a $765 million government deal.

Let’s look at the news behind the key stocks in this month’s snapshot:

Apple Inc (NASDAQ: AAPL)

Apple is the first US company to hit $2 trillion market cap
Gains $1 trillion in value since pandemic market crash
Apple share price hits record high ahead of stock split
Apple to open ‘floating store’ in Singapore

Tesla Inc (NASDAQ: TSLA)

Tesla share price exceeds $2000 ahead of stock split
Share price surges; Elon Musk now 5th-richest in the world
Tesla share price soars despite declining Chinese market
Australian interest in Chinese EV company NIO eclipses Tesla

Microsoft Corporation (NASDAQ: MSFT)

With Linkedin and TikTok, Microsoft could compete with Facebook
Microsoft’s China ties under question as it bids for TikTok
Microsoft Teams launches features to rival Zoom
Microsoft the front-runner in bidding war over TikTok

Amazon.com Inc (NASDAQ: AMZN)

Amazon builds largest office yet in Hyderabad
Accused of trying to wipe out rivals with consumer protection bill
Amazon to launch luxury brand platform
Announces partnership to ‘revitalise the toy ecommerce sector’

Fastly Inc (NYSE: FSLY)

Fastly posts strong Q2 results but analysts aren’t convinced
Share price drops; analysts concerned about effect of TikTok sale
Stock price surges ahead of Q2 earnings report

Square Inc (NYSE: SQ)

Square’s revenue grows by 64% YoY
Apple could be gearing up to rival Square’s payment tech
Square’s bitcoin revenue soars by 600%

Advanced Micro Devices (NASDAQ: AMD)

AMD share price soars after Q2 earnings released
Has AMD’s share price peaked?
AMD overtakes Raytheon Technologies on NASDAQ

Eastman Kodak (NYSE: KDK)

Kodak shares skyrocket after Trump announces Covid-19 deal
Trump puts Kodak deal on hold amid insider trading investigation
US Senator condemns Kodak deal ‘fiasco’; calls for new investigation

NIO Inc (NYSE: NIO)

NIO announces global expansion plans
Stock price jumps as UBS raises NIO price target
NIO launches Battery-as-a-Service; establishes Battery Asset Company
Share price grows 240% YoY

Teladoc Health Inc (NYSE: TDOC)

Teladoc acquires Livongo Health in $18.5B deal
Strong Q2 results underpinned by Covid-related demand
Share prices coming down from July high

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