Livewire readers' most-tipped global stocks: First half 2021 results
There are two words to describe this quarter for our most tipped global stocks – ‘regulatory pressure’. Big tech, also known as the COVID winners, have been put in the spotlight this year as they have struggled to adapt to the reopening of society. One thing that hasn’t helped is the apparent crackdown by governments seeking to demonopolize these huge companies. The likes of Google, Facebook and Alibaba have all seen their days in court this quarter, trying to argue that their huge platform has a huge benefit.
In saying that, the most tipped global stocks were the best set of performers out of all your most tipped lists! Up a nice 17.56% YTD, the likes of Alphabet and Microsoft have been responsible for boosting this number. However, it was Tesla, down over 6% YTD that was the laggard, beaten by its Chinese rival Nio who also made your top ten. Nio however was up over 25% in Q2, showing Tesla who's boss.
We hope you find the updates below useful!
- YTD return: 41.67%
- Q2 return: 14.82%
- Market cap: US$1.67 trillion
Well if Q2 and the whole of 2021 taught us anything it was long live value… or was it? Not according to Alphabet who was the gold medal winner for the most tipped global stocks. This tech giant, home to search engine Google really proved that performance is just as easy as ABC (excuse the pun).
The performance started early in the quarter for Alphabet when they recorded an all time high in share price as the US Supreme Court ruled in their favour in a copyright dispute involving Android mobile software. But further legal questions remain for the company as big tech remains in the spotlight, seen with Facebook just this week. Investors, for now, don’t seem too concerned.
- YTD return: -6.72%
- Q2 return: 2.87%
- Market Cap: US$655 billion
When Elon Musk speaks, the world listens… that is if the world consists of crypto investors. And while Elon Musk may still be a force to be reckoned with, Tesla has hit the brakes. Despite being in positive territory throughout Q2, news about Tesla went from bad to worse.
News of car manufacturers plugging into the EV trend took off as we saw VW ramp up production alongside US rival General Motors. Comparatively, VW’s share price YTD has risen by 45%. Only time will tell which automaker will win this race.
News towards the back end of the quarter also didn’t help Tesla as they were forced to recall nearly 300,000 vehicles in China due to concerns with their cruise control technology. Surprisingly, this news didn’t shake shareholders as the share price rose almost 4% in the last week.
- YTD return: 0.7%
- Q2 return: 2.26%
- Market Cap: US$622 billion
It’s been a strange year for Alibaba and a trying quarter. Beginning in January when founder Jack Ma returned after having disappeared for months following critical comments about the CCP.
This quarter was no different as the Chinese juggernaut came under more regulatory pressure. As was reported in Off the Charts! in early April, the CCP handed down a lofty fine of AU$3.7 billion for violating competition laws. In saying this, this quarter also saw Alibaba's share price rise by over 2%. For a company battling regulatory pressure, that can't be a bad thing.
But with the latest IPO from this region looming on the horizon, will the CCP loosen the reins on Alibaba? If history has taught us anything… probably not.
That's it for Livewire Readers' Most-Tipped global for the first half of the year, but we'll be back following Q3 with another update.
It also wraps up our Q2 updates for the Livewire readers' most tipped stocks. We hope you enjoyed updates on the Most-Tipped small caps, Most-Tipped large caps and Fundies' Top Picks. In case you missed them, here they are.
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