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Dorsey crashes the Top 10: June at TradeStation
David Russell
June 29, 2018

June was another big month for social-media at TradeStation, with Twitter (TWTR) crashing the Top 10 list of busiest symbols.

Jack Dorsey’s micro-blogging platform rose 10 notches to No. 3 among our clients’ most active stocks. The surge came as TWTR soared to new multiyear highs and joined the S&P 500 index. Larger rival Facebook (FB) continued to slide down the rankings.

Streaming video giant Netflix (NFLX) was another big mover, climbing six places as it broke free of a bullish triangle.  The biggest decliner in terms of popularity was PowerShares QQQ Trust (QQQ), which dropped from No. 5 to 12. Nvidia (NVDA) also slid four spots.

Here’s a rundown of June’s top names:

  1. SPDR S&P 500 ETF (SPY): The market-tracking ETF held its spot from April.
  2. Micron (MU): The chip maker stayed at No. 2.
  3. Twitter (TWTR): The social media stock spiked from No. 13 after being added to the S&P 500.
  4. Netflix (NFLX): The streaming-video company rose from No. 10 amid a breakout to new highs.
  5. iPath S&P 500 VIX (VXX): The market-inverse instrument maintained its position from May.
  6. Amazon (AMZN): The e-commerce behemoth rose two notches from the previous month.
  7. Alibaba (BABA): The Chinese tech giant climbed from No. 9 in May.
  8. Nvidia (NVDA): The chip maker slid from fourth place.
  9. Apple (AAPL): The handset maker dropped from third place the previous month.
  10. Facebook (FB): The social media slid from No. 6 in May and No. 2 in April.
Tags: AAPL | AMZN | BABA | FB | MU | NFLX | NVDA | SPY | TWTR | VXX

About the author

David Russell is Global Head of Market Strategy at TradeStation. Drawing on nearly two decades of experience as a financial journalist and analyst, his background includes equities, emerging markets, fixed-income and derivatives. He previously worked at Bloomberg News, CNBC and E*TRADE Financial. Russell systematically reviews countless global financial headlines and indicators in search of broad tradable trends that present opportunities repeatedly over time. Customers can expect him to keep them appraised of sector leadership, relative strength and the big stories – especially those overlooked by other commentators. He’s also a big fan of generating leverage with options to limit capital at risk.