These were most popular global stocks for UK investors last month

George Sweeney takes a look at the most popular global stocks for UK investors on the Saxo Markets trading platform during October.

The content of this article was relevant at the time of publishing. Circumstances change continuously and caution should therefore be exercised when relying upon any content contained within this article.

Dots over the earth connecting the world

Image source: Getty Images

These days, it’s easier than ever to invest in companies abroad. And all this access has created some exciting opportunities for investors who want their portfolio to have a global reach.

In this article, I reveal the most popular global stocks last month from Saxo Markets and share some insider info to help you on your investing journey.

What were the most popular global stocks in October?

According to the latest data from Saxo Markets, it’s probably no surprise to hear that Tesla is the most popular stock among UK investors.

This is a big jump for Tesla’s EV stock that was sixth on this list during September. But it’s been a big month for the electric car company that managed to join the trillion-dollar club as its share price went on a big run.

Here’s the full list of the top global stocks on the Saxo Markets platform:

Position Company
1 Tesla (TSLA)
2 Facebook (FB)
3 GameStop (GME)
4 Apple (APPL)
5 Alibaba Group Holding (BABA)
6 Microsoft (MSFT)
7 (AMZN)
8 BP (BP)
9 AMC Entertainment Holdings (AMC)
10 Digital World Acquisition (DWAC)

What do these popular stocks tell us about UK investors?

It’s always interesting to see what other people are investing in, and the selection here is definitely quite fascinating. Amongst the top ten you can see that there is a combination of:

Quite the motley crew of companions, I’m sure you’ll agree! I suppose you could say at least there’s some diversity there. Most of these companies would work well as part of a diversified portfolio, but it’s clear to see that priorities lie with growth and tech.

What could we see for global stocks in November?

It’s likely that COP26 is going to have an effect on stocks going forward, even if it’s just in anticipation of incoming changes. Green transformation shares are likely to attract a lot of attention and potential investment.

However, we’re in quite a strange situation. Right now, we’re still heavily reliant on energy and mining companies. A lack of innovation in these industries is part of the reason energy prices have been going bonkers.

So, although we need to transition to the companies of the future, the traditional energy companies aren’t dead yet and most countries still rely on fossil fuels. The high demand and high prices will likely lead to more profits in what has already been a record-breaking time for dividends.

We’re also seeing another strong earnings season for the big tech companies, which is good for balance sheets. But these results do not necessarily mean share prices will increase.

Is there anything else for UK investors to keep in mind?

It’s useful to see what other investors are buying, but you shouldn’t base your investing strategy on this. It’s not wise to go for stocks that fall outside your plans just because they’re popular.

Not every stock you buy will be a winner. But if you get to grips with the things you can control, this can set you up for success. When using a share dealing account, try and aim for low fees because this can maximise your returns as your gains compound.

And speaking of maximising returns, be sure to use something like the Saxo Markets stocks and shares ISA to make sure that any gains on your investments are protected from tax.

Investing is a great way to build wealth over the long term but returns aren’t guaranteed, and you may get out less than what you put in. So make sure you do your research before diving in. 

Should you invest, the value of your investment may rise or fall and your capital is at risk. Before investing, your individual circumstances should be considered so you should consider taking independent financial advice.

More on Personal Finance

Note paper with question mark on orange background
Personal Finance

Should you invest your ISA in a model portfolio?

Which model ISA portfolios offer both high performance and low fees? Hargreaves Lansdown, Interactive Investor and AJ Bell go under…

Read more »

Economic Uncertainty Ahead Sign With Stormy Background
Personal Finance

Is it time to exit emerging markets investments?

Investors may well be sitting on losses from emerging markets funds. Is it worth keeping the faith for a sustained…

Read more »

Personal Finance

Share trading? Three shares with turnaround potential

Share trading has been difficult in 2022, but which companies have turnaround potential? Jo Groves takes a closer look at…

Read more »

Man using credit card and smartphone for purchasing goods online.
Personal Finance

Revealed! Why Gen Z may be the savviest generation when it comes to credit cards

New research reveals that Gen Z may be the most astute when it comes to credit cards. But why? And…

Read more »

Environmental technology concept.
Personal Finance

The 10 best-performing sectors for ISA investors

The best-performing sectors over the past year invested in real assets such as infrastructure, but is this trend set to…

Read more »

Road sign warning of a risk ahead
Personal Finance

Recession risk ‘on the rise’: is it time for investors to worry?

A major global bank has suggested the risk of a recession in the UK is 'on the rise'. So, should…

Read more »

pensive bearded business man sitting on chair looking out of the window
Personal Finance

1 in 4 cutting back on investments amid cost of living crisis

New research shows one in four investors have cut back on their investing contributions to cope with the rising cost…

Read more »

Image of person checking their shares portfolio on mobile phone and computer
Personal Finance

The 10 most popular stocks among UK investors so far this year

As the new tax year kicks off, here's a look at some of the most popular stocks among UK investors…

Read more »