Welcome to the October 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 strongly led by Tesla (NASDAQ: TSLA), which saw its share price plunge following weak Q3 earnings. Trades were followed by Apple (NASDAQ: AAPL), which has seen fluctuating share prices ahead of the release of its Q4 earnings report later this week. It was a tech-heavy month overall, with 11 of the top 20 stocks belonging to the tech, EV and e-commerce sectors.

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

Tesla (NASDAQ: TSLA)

• Tesla’s Q3 earnings plummet due to price cuts
• Chinese rival automaker BYD closes in on Tesla
• Hertz rolls back Tesla fleet plans due to higher-than-expected repair costs and price cuts.

Apple (NASDAQ: AAPL)

• Apple achieves record sales of almost US$6 billion in India
• Apple’s “carbon neutral” claims come under scrutiny in Europe
• Chinese vice premier welcomes Apple investment.

NVIDIA (NASDAQ: NVDA)

• US orders halt to some AI chip exports to China, according to NVIDIA
• NVIDIA shares fall following announcement of US restrictions on AI chip exports
• NVIDIA and iPhone maker Foxconn plan to build “AI factories”.

Microsoft (NASDAQ: MSFT)

• Microsoft stock jumps after Q1 earnings beat analysts’ expectations
• Plans to help Australia build ‘cyber shield’
• Analysts see further upside for Microsoft stock.

Amazon (NASDAQ: AMZN)

• Amazon almost triples YoY profit, according to Q3 earnings report
• Share price surges following strong Q3 earnings
• Amazon share price has its best two days of the year.

Coca-Cola (NYSE: KO)

• Coke beats analysts’ expectations in Q3 earnings results; reports volume growth
• Despite strong Q3 earnings, foreign exchange rates remain a problem for Coke
• Coke CEO denies that Ozempic is a threat.

Alphabet (NASDAQ: GOOGL)

• Alphabet share price drops despite better-than-expected earnings results
• Alphabet’s cloud division misses revenue estimates while Microsoft cloud booms
• Google CEO defends company’s search deals in antitrust trial.

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