FANG ruled the roost in this month as volatility swept the Nasdaq.
The two busiest stocks for TradeStation clients in July were members of the high-tech quartet: Facebook (FB) and Netflix (NFLX). Both crashed from record highs after mediocre quarterly reports raised worries that their smoothest growth phases have come to an end.
That pushed the SPDR S&P 500 ETF (SPY) to third spot, its lowest ranking for any month this year.
Twitter (TWTR) remained a heavily transacted name at No. 4. In June it catapulted into the top 10 on news that it’s joining the S&P 500. This month, however, it cratered as user traffic slowed.
The other noteworthy mover was Tesla Motors (TSLA), jumping from No. 12 in June to the sixth spot in July. Meanwhile, Alibaba (BABA) and Nvidia (NVDA) slid off the top 10. Here’s a complete list:
- Facebook (FB): The social-media giant shot up from No. 10 in June.
- Netflix (NFLX): The streaming-media giant rose from the fourth spot one month earlier.
- SPDR S&P 500 ETF (SPY): The market-tracking ETF slipped from the from its usual top spot.
- Twitter (TWTR): Jack Dorsey’s micro-blogging stock inched down from No. 3 in June.
- Amazon.com (AMZN): The e-commerce behemoth edged down one spot.
- Tesla Motors (TSLA): Elon Musk’s electric-car maker rose from No. 12.
- Micron Technology (MU): The memory-chip maker slid from the second-place ranking in June.
- iPath S&P 500 VIX (VXX): The market-inverse instrument slipped from fifth place.
- ProShares UltraPro QQQ (TQQQ): The leveraged instrument rose from 13th in June.
- PowerShares QQQ Trust (QQQ): The Nasdaq-100 tracking fund inched up from No. 11.