The economy reopened in June, and TradeStation clients played the trend by pivoting to travel-related stocks.
Aerospace giant Boeing (BA) flew up the rankings of busiest symbols on our platform. United Airlines (UAL) and American Airlines (AAL) also entered the list as their share prices more than doubled from long-term lows.
Excitement about reopening the economy from coronavirus drew investors to beaten-down companies that crashed in March. Most of them are in the industrial sector, shifting attention away from the technology stocks that are usually most active.
Here’s the complete list for June:
- SPDR S&P 500 ETF (SPY): The market-tracking fund held the top spot for the fourth straight month.
- Boeing (BA): The aerospace giant shot from 12th in May to second place in June.
- General Electric (GE): The volatile industrial firm rose one position from the previous month.
- Tesla (TSLA): The electric-car maker slid from No. 2.
- ProShares UltraPro QQQ (TQQQ): The leveraged ETF inched down from third place in May.
- Apple (AAPL): The iPhone maker held its position.
- United Airlines (UAL): The airline rose from 23rd in May to seventh last month.
- Amazon.com (AMZN): The e-commerce giant slipped three notches in June.
- Advanced Micro Devices (AMD): The chip stock edged down from No. 7 in May.
- American Airlines (AAL): The transportation company soared from No. 47 the previous month to 10th in June.
The following symbols exited the top 10:
- Ford Motor (F): The automaker dropped from 10th in May to 13th in June.
- Nvidia (NVDA): The semiconductor firm dropped from eighth in May to 16th in June.
- Moderna (MRNA): The biotechnology firm declined from ninth in May to 23rd in June.