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Two Very Different Automakers Were Popular At TradeStation Last Month
In Review
Two Very Different Automakers Were Popular At TradeStation Last Month
David Russell
May 1, 2020

Two very different automakers were among the most popular stocks at TradeStation in April.

Tesla (TSLA), the 16-year old innovator from Silicon Valley, remained the second-most popular symbol on our platform. Ford Motor (F), founded a century before, rose one position to No. 4.

Overall there wasn’t a lot of change between in activity between March and April. Clients overwhelmingly stuck with the market-tracking SPDR S&P 500 fund (SPY), typical in a volatile market.

Still, there was more focus on individual names as investors tried to look past the coronavirus outbreak. Chip maker Advanced Micro Devices (AMD) entered the top five, replacing the leveraged ProShares UltraPro QQQ (TQQQ).

Here are the top 10:

  1. SPDR S&P 500 ETF (SPY): The market-tracking fund held its position from March.
  2. Tesla (TSLA): The electric-car maker remained No. 2 last month.
  3. General Electric (GE): The industrial giant soared to third place from 28th a month earlier. Traders were active as it retested long-term lows.
  4. Ford Motor (F): The iconic auto maker climbed one spot in April.
  5. Advanced Micro Devices (AMD): The semiconductor company rose from sixth place a month before.
  6. Apple (AAPL): The iPhone maker slid from third place in March.
  7. Amazon.com (AMZN): The e-commerce giant rose three notches.
  8. ProShares UltraPro QQQ (TQQQ): The leveraged ETF declined from No. 4 the previous month.
  9. Boeing (BA): The aerospace giant inched down one spot.
  10. Microsoft (MSFT): The software maker inched down from ninth in March.

PowerShares QQQ Trust (QQQ) was the only symbol to exit the top 10, dropping from seventh to 11th place.

Tags: AMD | AMZN | BA | F | MSFT | QQQ | SPY | TQQQ | TSLA

About the author

David Russell
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.

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