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Market Insights

Bringing you the trading news around the world.

Roku and Tesla Dominate Activity: November at TradeStation

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A pair of heavily traded technology stocks dominated activity at TradeStation this month amid a flurry of news.

Streaming-video stock Roku (ROKU) was the busiest symbol across our accounts, eclipsing even the market-tracking SPDR S&P 500 fund (SPY) and Apple (AAPL). It initially fell after earnings beat estimates, only to stage a sharp rebound.

Tesla (TSLA) was the other big mover, ranking third on TradeStation’s activity tables. The electric-car maker kept moving higher after a strong quarterly report in October, partially fueled by a short squeeze.

November was also noteworthy because SPY was the only exchange-traded fund (ETF) to make the top 10. Activity often shifts away from ETFs at periods of low volatility, like now.

Here’s the complete list:

  1. Roku (ROKU): The streaming-video stock rose one level to the No. 1 spot in November.
  2. SPDR S&P 500 ETF (SPY): The market-tracking fund inched down from the top of the list.
  3. Tesla (TSLA): The electric-car maker climbed one notch from the previous month.
  4. Nvidia (NVDA): The semiconductor stock rose from No. 8 in October.
  5. Apple (AAPL): The smartphone giant inched down two spots.
  6. Advanced Micro Devices (AMD): The semiconductor company rose from No. 12 the previous month.
  7. Amazon.com (AMZN): The e-commerce giant slid down one spot.
  8. Netflix (NFLX): The streaming-video stock moved down three notches.
  9. Walt Disney (DIS): The media giant surged from 32nd place as it launched the Disney+ streaming service and announced earnings.
  10. Alibaba (BABA): The Chinese e-commerce giant rose five places versus the previous month.

The following symbols exited the top 10:

  • ProShares UltraPro QQQ (TQQQ): The leveraged Nasdaq-tracking fund slipped from seventh in October to 11th in November.
  • Facebook (FB): The social-media giant dropped from ninth in October to 12th in November.
  • VelocityShares Daily 2x VIX Short-Term Exchange-Traded Note (TVIX): The long-volatility product declined from tenth in October to 20th in November.

About the author

David Russell
David Russell is VP of Market Intelligence at TradeStation Group. Drawing on 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 apprised 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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