Investment Watch: Top U.S. Stocks bought on Raenest last week

Welcome to our Investment Watch. Here, we spotlight the stocks Raenest users are added to their portfolios in the past week. By keeping an eye on these trends, you can see where investors are putting their money, whether it’s the broader market or specific tech sectors. Let's take a look at the top ten stocks bought on Raenest last week, what each company or fund does, and how their prices changed over the past week and month.

1. Vanguard S&P 500 ETF (VOO)

• What they do: VOO is an exchange-traded fund (ETF) that follows the S&P 500. It gives investors access to the 500 biggest public companies in the U.S.
• Weekly Performance: Down 3.28% over the past 5 days.
• Monthly Performance: Down approximately 7.9% this past month.
• Possible Reason: The recent weekly and monthly drops are part of a wider market pullback. Rising U.S. Treasury yields and changing economic expectations have put pressure on large U.S. companies.

2. Apple Inc. (AAPL)

• What they do: Apple is a leading multinational technology company known for its consumer electronics, software ecosystems, and digital services, including the iPhone, iPad, and Mac.
• Weekly Performance: Down approximately 3.1% over the past 5 days.
• Monthly Performance: Down approximately 7.5% this past month.
• Possible Reason: Tech stocks have struggled lately as investors shift their focus and remain cautious about consumer hardware demand.

3. NVIDIA Corporation (NVDA)

• What they do: NVIDIA makes advanced graphics chips (GPUs) and software that are used in data centres, gaming devices, and artificial intelligence.
• Weekly Performance: Down 5.49% over the past 5 days.
• Monthly Performance: Down 9.49% this past month.
• Possible Reason: Following massive, sustained growth, this recent dip across both the weekly and monthly timeframes is likely due to investors taking profits and moving away from high-growth tech stocks.

4. State Street SPDR S&P 500 ETF Trust (SPY)

• What it is: SPY is the oldest and best-known ETF that tracks the S&P 500, holding a mix of leading U.S. stocks.
• Weekly Performance: Down 2.97% over the past 5 days.
• Monthly Performance: Down 7.93% this past month.
• Possible Reason: Because SPY tracks the same S&P 500 index as VOO, its weekly and monthly drops directly mirror the overall market correction seen across the broader U.S. economy.

5. Schwab US Dividend Equity ETF (SCHD)

• What it is: SCHD is an ETF that focuses on 100 high-quality U.S. companies with a strong, consistent history of paying dividends to their shareholders.
• Weekly Performance: Up 0.23% over the past 5 days.
• Monthly Performance: Down 4.33% this past month.
• Possible Reason: Although SCHD dropped with the rest of the U.S. market last month, its focus on steady, dividend-paying companies helped cushion the fall. This defensive approach has kept it stable and even gained a little over the past week, while most of the market has kept falling.

🔗ICYMI: We broke down all you need to know on ETFs and stocks.

6. Olaplex Holdings, Inc. (OLPX)

• What they do: Olaplex is an innovative beauty and personal care company known for its patented bond-building hair treatments that repair and protect hair from chemical, thermal, and mechanical damage.
• Weekly Performance: Up roughly 55% over the past 5 days.
• Monthly Performance: Up approximately 33.5% this past month.
• After a tough period, the sharp price jump at the end of March likely came from strong earnings, positive guidance, or news that quickly boosted investor confidence and sparked a short-term rally.

7. Tesla, Inc. (TSLA)

• What they do: Tesla is a pioneer in the electric vehicle (EV) market and the clean energy sector. The company also invests heavily in battery energy storage, solar technology, and artificial intelligence through its autonomous driving efforts.
• Weekly Performance: Down roughly 3% over the past 5 days.
• Monthly Performance: Down approximately 10.5% this past month.
• Possible Reason: Tesla struggled as U.S. stocks weakened and economic pressures hit high-growth tech companies. Investors are also debating its short-term profit margins and the timeline for self-driving software, which has weighed on the stock.

8. Alphabet Inc. (GOOGL)

• What they do: Alphabet is the parent company of Google, dominating the global search engine market, online advertising, and mobile operating systems. It is also a major player in cloud computing and advanced artificial intelligence.
• Weekly Performance: Down approximately 9.4% over the past 5 days.
• Monthly Performance: Down roughly 10.7% this past month.
• Possible Reason: The decline was largely driven by investor anxiety over the staggering capital expenditure, aka High costs required to stay competitive in the generative AI space, prompting some institutional funds to take profits and rotate out of Big Tech.

9. SPDR Gold Trust (GLD)

• What it is: GLD is an exchange-traded fund (ETF) designed to track the price of physical gold bullion. It offers investors a cost-efficient and secure way to access the precious metals market without storing physical gold themselves.
• Weekly Performance: Up approximately 2.6% over the past 5 days.
• Monthly Performance: Down roughly 15.4% this past month.
• Possible Reason: Gold experienced a sharp pullback throughout the first few weeks of March after previously hitting highs. However, it saw a slight rebound over the past week as investors likely stepped in to buy the dip, seeking safe-haven assets amid the broader equities sell-off.

10. Chevron Corporation (CVX)

• What they do: Chevron is one of the world's largest integrated energy companies. It is involved in virtually every facet of the energy industry, including the exploration, production, refining, and distribution of oil and natural gas.
• Weekly Performance: Up approximately 2.7% over the past 5 days.
• Monthly Performance: Up over 11.1% this past month.
• Possible Reason: Chevron recently reached a 52-week high, boosted by rising geopolitical tensions and supply worries that pushed oil prices higher in March. This improved the cash-flow outlook for big energy producers.

The Best Platform to Buy U.S. Stocks

Now that you know about these stocks, you might want an easy way to invest in the U.S. market. The Raenest app makes it simple and convenient to buy U.S. stocks. Own a piece of Apple, Tesla, Google, Nvidia, Amazon, and more for as little as $2, all from the same app where you get paid. Here’s why investing with Raenest is so easy:

• You Can Start Small: Begin your investment journey with as little as $2.
• Invest from Where You Earn: Manage your payments and your stock portfolio seamlessly in one app.
• Zero-Fee Perks: Enjoy one commission-free trade every single month.
• Total Flexibility: Fund or withdraw to your trading wallet at any time.
• Invest smarter: Use AI-powered summaries to track trends, understand the market, and make better investment choices.

Ready to start building your wealth? Start investing with Raenest today.