Important information: The value of investments and the income from them, can go down as well as up, so you may get back less than you invest.

US stocks may be relative newcomers to the Fidelity platform, but the top US stocks you have been buying and selling over the past month are already all huge household names here in the UK.

In at number one on our list is Tesla, followed by Apple. Then Amazon, Microsoft and Alphabet make up the rest of the top five most-actively traded stocks.

This week all but one of these US tech giants have or are due to release their latest earnings updates. On Tuesday Google-owner Alphabet and Microsoft kicked off proceedings. Later today (Thursday) we will hear from Apple and Amazon. Only Meta (formerly known as Facebook) and Netflix are missing from the list of stocks commonly referred to as the FAANGs.

Tesla announced last week that its second quarter revenue had risen 42%. The electric vehicle maker also announced a near-60% jump in adjusted earnings per share. Proving its resilience in the face of not only the exact same supply chain problems facing every other manufacturer, but also its own particular production disruption - with its biggest plant in Shanghai shut down for most of the period under review because of China’s Covid policy - plus high costs associated with its new plants in Texas and Germany. However, despite staying ahead of the curve for now, Tesla is not out of the woods just yet and Elon Musk appeared in uncharacteristically cautious mood when he talked about the likely state of play between now and the end of the year.

That resilience has continued to play out elsewhere among the tech giants, with Alphabet and Microsoft both issuing updates that acknowledged the economic pressures they’re under, but also gave reassurances that they wouldn’t hold them back.

Microsoft may have missed analysts’ forecasts for quarterly revenue and earnings, but it said its cloud computing business remains robust, while Alphabet assured investors that it would continue to make long-term investments, despite the slowest pace of quarterly revenue growth for two years.

It’s likely we’ll get more defiant resilience from the tech sector when Apple and Amazon update investors later today (Thursday), with Morgan Stanley dubbing Apple the “best-of-breed name in a downturn”.

While Apple’s June quarter is expected to look subdued compared with this time last year, with analysts expecting revenue up just 1.4% to $82.5bn, compared to the 36% rise over the same period 12 months ago, it had already prepared investors for this. Back in April it warned that supply chain headwinds and factory shutdowns in China could cost it $8bn this quarter.

And Amazon investors are already braced for what Morgan Stanley analyst Brian Nowak has said could be a “choppy” quarter. Even this goliath isn’t immune to the economic headwinds, but this is Amazon and with its size, power and proven ability to transform entire industries, few are likely to focus too heavily on one quarters-worth of revenue.

Have a read of my colleague, Nafeesa Zaman’s, piece about tech giants, which poses an important question for everyone to consider: Will the tech giants help turn the market around?

Important information: Investors should note that the views expressed may no longer be current and may have already been acted upon. Overseas investments will be affected by movements in currency exchange rates. Reference to specific securities should not be construed as a recommendation to buy or sell these securities and is included for the purposes of illustration only. This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice.

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