Hot stocks on Stake
Sorting through thousands of trades by the Stake community, here are the most popular sectors and stocks on Stake recently.
The US’s world leading market is driven by its depth, breadth and size. From the biggest names to the hottest niches, scores of options exist to match every portfolio and strategy. Moreover, The ASX provides the opportunity for Aussies to access local companies with global reach. Not only are investors buying the banks and stores they use every day but also fintechs and materials companies taking on the world.
Here’s a look at what Stake investors have been buying in 2021.
Big Tech
The cornerstone of a tech-focused portfolio, names like Apple (AAPL), Afterpay, Amazon (AMZN), Microsoft (MSFT) and Alphabet (GOOGL) are not only the biggest companies in the world but also the most traded stocks on Stake. Routinely ranking in our top 10 most traded, such U.S. stocks have replaced the traditional blue-chip stocks of the past.
EVs are powering up
One sector that is always trending on Stake is electric vehicles. Elon Musk’s Tesla (TSLA) is the biggest company in the space at a US$1.1t valuation, but for investors looking elsewhere, the US market offers so many options. Rivian (RIVN) just became the biggest IPO of 2021, Nio and Xpeng are Chinese companies with accelerating market share, and Lucid just released a sedan with greater range than a Tesla. These are some of the recent developments in a quickly expanding sector.