It’s hard to believe August has come to an end. But, as always, the beginning of September means it is time to look back on what was happening in the investing world last month.
You might notice something different about this article. Since we are in a period of change as summer is ending and we head into fall, we decided to change things up a bit too. We usually report the most traded stocks among our investors, but this time, we decided to give you an inside glimpse of the most held stocks in August.
All eyes on Apple
Apple is clearly popular among our investors, being the most held stock in 10 countries. The outliers seem to be loyal to companies in their home countries, with the most held being Shell in the Netherlands, Danske Bank in Denmark, OTP Bank in Hungary, CD Projekt in Poland and IAG in Spain. Italy is an exception here, with Alibaba being the most held stock.
Aside from being a fan favourite among our investors, it’s an exciting time for Apple. To start, Apple overtook Android to account for more than half of smartphones used in the US. Also, in just a few days, Apple will be hosting its ‘Far Out’ event, where it’s expected to roll out the new iPhone 14 and talk about its new Apple Watch Models. We’ll have to wait and see if the new iPhone 14 camera lives up to the hype!
Alpha Bank, one of Greece’s biggest banks, saw the biggest price increase last month out of the stocks on the map. At the beginning of August, the company released its results for the second quarter of 2022. Despite geopolitical risks, uncertainties surrounding the energy crisis in Europe and increasing inflation, Alpha Bank reported a profit of €117.3 million.
Video game retailer GameStop was on the losing end, with the biggest price drop. GameStop’s stock price was generally trending up in the first half of August and then started to plunge. This followed the August 17th news that GameStop board member Ryan Cohen sold his stake in the meme-stock Bed Bath & Beyond. AMC also saw a price drop after this, serving as a reminder of just how volatile meme stocks are.
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The information in this article is not written for advisory purposes, nor does it intend to recommend any investments. Please be aware that facts may have changed since the article was originally written.
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Sources: Bloomberg, Yahoo! Finance, Business Review, Alpha Bank, Financial Times, Apple, GameStop, Reuters, Business Insider