Avanzas monthly statistics show that retail investors are choosing to sell off several companies that have performed well since Donald Trump’s election victory. Among these are Tesla, Spotify, and the Swedish defense company Saab, which has seen a 55% increase in its stock price this year.
"Tesla has appeared on the sell list several times this year, but this time stands out because the stock has climbed over 33% just in November," says Avanza’s chief economist Philip Scholtzé, attributing the surge to CEO Elon Musk’s close ties to the newly elected U.S. president.
"Shareholders are taking the opportunity to cash in their profits," says the economist.
Linked to Trump’s statements, the Swedish defense giant has continued its upward trajectory in November.
"It could be ongoing profit-taking, but it could also be related to Trump’s statement that he could end the war in Ukraine. The escalating conflict was what initially drove the stock, and a resolution could lead to the opposite," says Philip Scholtzé.
In the U.S., the stock markets also saw a boost after Trump’s victory over Kamala Harris, with increases ranging from 3-5% depending on the index.
"Stockholm’s broad index (OMXSGI) is down 1.2%. The better performance of American stocks during the month is reflected in the trading activity of shareholders," says Scholtzé.
"In November, investors have been buying AstraZeneca, Sinch, and Investor," Scholtzé notes. "AstraZeneca’s stock dropped over 7% after reports of employees in China being involved in a fraud case. Sinch’s stock plummeted 27% following a weak earnings report."
Investor, a favorite among shareholders, is seeing increased trading volume for its A-shares over its B-shares. "It is generally rational to buy the share class that is cheaper, as it provides more shares for the same amount of money," explains Scholtzé.
Looking at the trading activities of Avanza’s customers, the most bought and sold stocks are as follows:
Bought:
- AstraZeneca
- Sinch
- Investor A
- Volvo B
- Getinge B
- Investor B
- NVIDIA
- Evolution
- Swedbank A
- Novo Nordisk
Sold:
- Tesla
- Saab
- Spotify
- Apple
- Ericsson
- Betsson
- Palantir Technologies
- SEB
- Securitas
- Marathon Digital
Source: Avanza
Nordnet investors are focusing on defensive stocks and Nvidia, which was purchased following a dip in its earnings report.
"Some concerns about potential delays for the new Blackwell flagship chip and doubts about whether the company can meet the high demand weighed on Nvidia. Private investors took advantage of this and bought shares," says chief economist Frida Bratt.
One of the most sold stocks is Tesla, where investors have now taken their profits.
Looking at the trading activities of Nordnet’s customers, the most bought and sold stocks are as follows:
Most Bought:
- Investor
- AstraZeneca
- Nvidia
- Handelsbanken
- Axfood
- Volvo
- Novo Nordisk
- Nibe
- Cibus
- Saab
Most Sold:
- Ericsson
- Tesla
- Neobo Fastigheter
- Polestar ADR
- Norwegian
- Beijer Ref
- Norconsult
- Addlife
- Apple
- Nordic Paper Holding
Source: Nordnet
In conclusion, the trading patterns of retail investors in both Avanza and Nordnet reflect a strategic shift in response to market dynamics influenced by political events and corporate performance. As they navigate these uncertainties, investors continue to seek opportunities and manage risks in their investment portfolios.