Quarterly Outlook
Equity outlook: The high cost of global fragmentation for US portfolios
Charu Chanana
Chief Investment Strategist
Saxo
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 Stocks:
1. Uber Technologies: The stock surged on Friday following the announcement that investor Bill Ackman's Pershing Square hedge fund has acquired a stake in the company.
2. Nvidia: The stock rebounded over 8% last week. According to Morgan Stanley on Thursday, Nvidia's short-term business outlook remains robust, with both Hopper and all versions of Blackwell demonstrating positive momentum despite the challenges posed by DeepSeek.
3. PayPal: The stock declined nearly 12% over the past month after the company reported its fourth-quarter results and analysts revised their price forecasts.
4. Alphabet: The stock fell more than 8% last week; however, the forecast for the stock remains strong.
5. AMD: Despite relatively good overall earnings results, the stock dropped over 11% in the past month, primarily due to disappointing earnings in data center sales, which missed expectations and failed to demonstrate how the company can compete against Nvidia's dominance in the AI chip market.
6. SMCI: The stock gained over 30% last week after announcing the full production of NVIDIA Blackwell rack-scale solutions with NVIDIA HGX B200.
Most Sold Stocks:
1. Tesla: The stock of the electric vehicle company fell 10% last week, including a 3.4% decline on Friday, after data from China revealed that Tesla's sales in the country during January decreased by 11.5% compared to a year earlier.
2. Micron Technology: The stock dropped approximately 17% over the last three months.
3. International Consolidated Airlines: The stock gained nearly 7% over the past week and more than 50% in the last three months.
4. Netflix: The stock increased by nearly 17% over the past three months.