Tesla dominated activity on TradeStation’s platform this month, and no other stock even came close.
Elon Musk’s electric car maker had a dramatic turn from bearish to bullish in late 2019, causing its shares to more than double in value. Traders remained active in January, pushing TSLA to the top of our monthly rankings for the first time in at least two years.
It knocked off Roku (ROKU), which was No. 1 the two previous months.
The other big additions to the list were Beyond Meat (BYND) and Ford Motor (F). BYND shot higher on news McDonald’s (MCD) was widening use of its vegan burgers. Closely held rival Impossible Foods also widened its product offering, drawing attention to plant-based meat substitutes.
F didn’t have a lot of news, but it fell on heavy volume as TSLA surged.
Here’s a complete rundown:
- Tesla (TSLA): The electric-car maker rose from No. 2 in December.
- Apple (AAPL): America’s most valuable company climbed two spots from the previous month.
- SPDR S&P 500 ETF (SPY): The market-tracking fund held its position.
- Amazon.com (AMZN): The e-commerce giant rose from eighth in December.
- Advanced Micro Devices (AMD): The semiconductor company remained at fifth.
- Beyond Meat (BYND): The plant-based food innovator rose from 54th in December, returning to the top 10 for the first time since July.
- Ford Motor (F): The automaker rose from 214th in December to seventh this month.
- ProShares UltraPro QQQ (TQQQ): The leveraged Nasdaq-tracking fund rose from 10th last month.
- Roku (ROKU): The streaming-video company dropped from first place in December.
- Netflix (NFLX): The digital-media firm edged down from No. 9.
The following symbols exited the top 10:
- Micron Technology (MU): The memory-circuit maker dropped from seventh in to 17th.
- Nvidia (NVDA): The chip stock slid from sixth to 13th.