February is over so it’s time to look back at the most popular assets of the month. The dominant theme is, of course, Russia’s attack on Ukraine, although this isn’t fully reflected across all the best-selling assets of the month. Here is the breakdown for February!
Contrary to some expectations, cryptocurrencies have generally followed the dip in stocks over the last few months. They’re trending down, triggered by high inflation and upcoming interest rate hikes. However, many of the investors on BUX Zero have used this opportunity to buy more Bitcoin! Check out this article where we explain how crypto can be part of your long-term strategy alongside stocks and ETFs.
Travel company TUI was one of the biggest losers during the pandemic, but the stock began to recover at the beginning of the year with hopes of a summer travel boom. However, the war in Ukraine has weighed on the share price again. As usual, TUI is a regular name in the top ten.
The S&P 500 is the major index in the US, containing 500 of the largest names on the This ETF tracks the broad US stock market and includes 500 major American stocks like Tesla and Apple. It’s another frequent name in the top ten on BUX Zero. With this ETF you automatically spread your wealth across hundreds of companies. Inflation and looming interest rates kept the S&P 500 volatile in February, not to mention the war in Ukraine.
Tech stocks have become a lot cheaper recently due to slower growth and rising inflation. Meta (formerly Facebook) also had a dispute with the EU and even threatened to withdraw from the European Union. But that didn’t stop investors on BUX Zero from buying the stock!
Global demand for electric vehicles rose sharply in 2021. Despite problems with chip shortages and supply chain disruptions, sales in 2021 grew 109% year over year, according to a recent study by market research firm Canalys. Approximately 6.5 million hybrid and electric cars were sold, with Tesla accounting for a whopping 14% of the market. Once again, Tesla is on our top ten list.
With the explosion of NFTs (non-fungible tokens), investors have been watching Ethereum closely, which is the technology that underpins most NFTs. And recently Ethereum founder Vitalik Buterin caused a stir with statements about a crypto winter or a downturn in prices. He thinks it would be a good opportunity for the larger cryptocurrencies like Ethereum.
Once again, our top ten includes the world’s most valuable company. Like most tech stocks, Apple has dipped since the start of the year, but investors on BUX Zero have seen this as a buying opportunity.
8. ABN Amro
ABN AMRO is one of the largest Dutch banks, and the company has benefited from the warm shower of money from the European Central Bank since 2020. Having said that, most European banks have seen a decline since the war broke out in Ukraine.
Amazon just announced a 17% price increase for Prime in the US, which gave the stock price a nice boost in early February. On top of that, the company released quarterly figures which showed a strong increase in cloud computing revenue. Incidentally, Amazon also took a stake in Tesla rival Rivian. It will be interesting to see how this stock, and other tech names, respond to rising interest rates at the Federal Reserve in March.
10. Air France-KLM
Similar to TUI, airlines were on the path to recovery in January. However, Putin’s attack on Ukraine has put pressure on the industry again. Air France-KLM is currently raising money to pay back its debt from the pandemic period and, despite a strong earnings report, the stock dipped on news of the capital raise. Still, investors are hoping for a booming summer and a recovery in the stock price.
* Period February 01, 2022 to February 27, 2022 based on the number of investors who purchased the product.
All views, opinions, and analyses in this article should not be read as personal investment advice and individual investors should make their own decisions or seek independent advice. This article has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is considered a marketing communication.