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.
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