Top 20 Equities Traded
in 2024
January 6, 2025
Happy New Year! U.S. markets wrapped up December with a slight retreat. Although the ‘Santa Claus rally’ failed to materialize, 2024 as a whole saw impressive gains driven by a resilient economy, Federal Reserve policies, the election outcome and strong earnings growth. The S&P was up 23% in 2024 reaching 57 all-time highs reflecting robust market involvement. This was the second year in a row with S&P gains above 20%. We haven’t seen a market this strong since 1998 which preceded the internet bubble burst in 2000. The Nasdaq outperformed the S&P, soaring 28.4% in 2024. The Dow saw a significant albeit “pedestrian” increase comparatively, up 13%.
Big tech and specifically AI dominated the conversation in 2024. Nvida (NVDA) was at the head of the pack, up 175%. The AI story is broadening beyond chip stocks adding the energy sector as the demand for electricity to power the massive demand for AI accelerates.
Bitcoin joins Gold as a “store of value” as both make significant strides in 2024. Bitcoin’s ascent past $100k as the Trump administration is expected to be much more friendly to crypto adoption in the mainstream.
Although there are concerns of the Trump administration tariffs creating an inflationary environment and reversing the positive trend of the last year, corporate earnings expectations for 2025 remain high. All eyes will be on the Fed as the markets are expecting further interest rate cuts in 2025.
The chart below visualizes ETF performance correlated to the Dow, Nasdaq and S&P indices for 2024.
No surprise that Nvidia and Tesla continue their hold on the #1 and #2 spots in 2024 as AI and Elon Musk dominate much of the conversation. Social media company (DJT) had a huge increase in volume and volatility throughout the year as some try to profit on the Trump trade. Big Tech holds investor attention throughout 2024. News related to Boing, Ford, Nike and Snowflake also created trading opportunities.
Below are the most active 20 symbols based on the number of equity trades in eOption accounts in 2024. Note that we do not make trade recommendations and are sharing this solely for your interest.
- Nvidia (NVDA)
- Tesla (TSLA)
- Advanced Micro Devices (AMD)
- Amazon (AMZN)
- Super Micro Computer (SMCI)
- Apple (AAPL)
- Palantir Technologies (PLTR)
- Microsoft (MSFT)
- Boeing (BA)
- Trump Media (DJT)
- Ford (F)
- Intel (INTC)
- Marathon Digital (MARA)
- Meta Platforms (META)
- Broadcom (AVGO)
- Sofi Technologies (SOFI)
- Arm Holdings (ARM)
- Nike (NKE)
- Occidental Petroleum (OXY)
- Snowflake (SNOW)
Earning growth and the US economy are expected to remain strong in 2025. However, the Trump administration is creating uncertainty in the new year which markets traditionally do not like. We will find out and report back here each month.
Stay informed, trade well and best wishes for a healthy and prosperous 2025!
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This information provided for general informational purposes only and should not be considered recommendations or advice by eOption. Past performance is not indicative of future results.
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