Top 20 trades in US stocks by Sharesight users – September 2023

Welcome to the September 2023 edition of Sharesight’s monthly USA trading snapshot, where we look at Sharesight users’ top 20 trades in US stocks on the Nasdaq, NYSE and NYSE American market (AMEX) over the month.

In this snapshot, buy and sell trades were led by Tesla (NASDAQ: TSLA), which experienced volatility in its share price throughout the month, ending September on a downward trend. The top trades were followed by Apple (NASDAQ: AAPL), which also saw its share price decline throughout September. It was a tech-heavy month overall, with 14 of the top 20 stocks belonging to the tech, EV, e-commerce, semiconductor and aerospace industries.

Top 20 US stock trades September 2023

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

Tesla (NASDAQ: TSLA)

• Chinese headwinds may cause Tesla to fall short in upcoming earnings report
• Tesla delivery and production falls short of expectations
• Leading broker bearish on Tesla shares

Apple (NASDAQ: AAPL)

• Apple’s revenue from products made in China could drop to less than a third in next five years
• Shares drop as China allegedly bans iPhone use by government officials
• Apple supply chain faces climate change threat

Microsoft (NASDAQ: MSFT)

• Microsoft could soon see influx of profit
• Microsoft CEO says its Co-Pilot AI Assistant will be ‘as significant as the PC’
• Leading broker bullish on Microsoft shares

Amazon (NASDAQ: AMZN)

• Amazon to invest US$4 billion in OpenAI competitor Anthropic
• FTC sues Amazon in landmark antitrust case
• Former Microsoft executive to lead Amazon’s Devices business

Disney (NYSE: DIS)

• Disney plans to invest US$60 billion in parks and cruises
• Disney in talks with Nextstar to sell off ABC
• Shares hit nine-year low

Rocket Lab (NASDAQ: RKLB)

• Rocket Lab revises guidance for upcoming Q3 earnings results
• Shares plummet after first failed satellite launch in two years
• Rocket Lab facing target price reduction amid market volatility

Alibaba (NYSE: BABA)

• Alibaba plans to list its logistics unit on the Hong Kong Stock Exchange; shares rise
• Shares fall as Chinese economic data weighs on Alibaba
• Alibaba shares drop as outgoing CEO quits cloud business

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• Top 20 trades in US stocks by Sharesight users – August 2023