Market Insights

The Nasdaq-100 flew to new highs in July, and TradeStation clients focused on some of the most prominent names.

Electric-car maker Tesla (TSLA) returned to the No. 1 position for the first time since March. The surge of activity came with TSLA surging much as 65 percent at its high point for the month. Smaller rival Nio (NIO) also entered the ranking of most active symbols on our platform for the first time.

While traders returned to technology stocks and members of the Nasdaq-100, they also shifted away from “reopening” plays like airlines and industrials that were popular in June.

Here’s the complete list for July:

1. Tesla (TSLA): The electric-car maker rose from fourth place in June to No. 1.
2. Amazon.com (AMZN): The e-commerce giant climbed six places from the previous month.
3. SPDR S&P 500 ETF (SPY): The market-tracking fund slipped from the top spot for the first time in five months.
4. Nio (NIO): The electric-car maker climbed 21 places in July versus June.
5. Advanced Micro Devices (AMD): The chip stock climbed from seventh a month ago.
6. Moderna (MRNA): The coronavirus-vaccine developer returned to the top 10, rebounding from 23rd place in June.
7. ProShares UltraPro QQQ (TQQQ): The leveraged ETF slipped from fifth place in June.
8. Boeing (BA): The aircraft maker slid six notches in July.
9. General Electric (GE): The volatile industrial firm declined six notches this month.
10. Apple (AAPL): The iPhone maker edged down from sixth place in June.

The following symbols exited the top 10:

• United Airlines (UAL): The airline slid from seventh in June to 19th in July.
• American Airlines (AAL): The airline slid from tenth in June to 44th in July.