Fiscal stimulus in the US ($1.9trn of cheques and business support secured by the Biden presidency) and Australia (subsidised flights to domestic regions devastated by Covid’s impact on tourism) have supported markets this week, however the threat of rising bond yields, rising oil prices and falling iron ore have given investors plenty to think about.

Despite positive leads from Wall Street on Thursday, the ASX200 ended lower overall. Travel stocks including Flight Centre (FLT), Qantas (QAN) and Webjet (WEB) rose over 9%, 2.5% and 3.7% respectively, but nabtrade investors were selective. These three stocks were all top 10 buys during the Covid rout from March to June in 2020, and investors took profits in FLT and WEB, but bought more QAN.

CSL (CSL) continues to dominate volumes as its price falls attracts buyers who’ve previously baulked at a price north of $300. The proportion of buyers has increased to over 90% as the price has continued to fall.

Fortescue (FMG), Rio (RIO) and BHP (BHP) were all bought on Thursday, while FMG was mixed throughout the week. BHP remains a buy for investors happy to see a pullback from recent highs. Lynas (LYC) remains a popular buy for investors and a popular trade for traders.

Zip Co (Z1P) continues to trade at huge volumes, and is often the most traded stock on nabtrade. It remains mixed, with a shift to sells on Thursday after strong buying earlier in the week. Afterpay’s (APT) recent share price falls have brought out the bargain hunters, despite still being up 1000% from its low in March 2020. The share price bounced over 8% on Wednesday, which induced a wave of profit taking, before Thursday’s fall attracted more buyers. IOU Pay (IOU) continues to attract a number of traders in small trade sizes.

In financials, the banks continue to be sold off heavily, with investors keen to take profits in nab (NAB) and Westpac (WBC) most prominently. Sells were over 75% of value, an unusually high conviction figure.

Outside the top 10, A2 Milk (A2M) has been mixed throughout the week on elevated volumes, while Nuix (NXL) has been a strong buy after its share price hit a 52-week low on the back of disappointing results. (It subsequently bounced 16%).

On international markets, Tesla (TSLA) remains the most purchased stock, despite losing over 25% of its value since its investment in Bitcoin, although some recent selling suggests many investors who’ve ridden the wave are ready to take profits. The Chinese electric vehicle manufacturer Nio (NIO.US) continues to attract buyers despite disappointing analysts with its recent results, and a subsequent share price fall. The pullback in tech stocks has given contrarian investors an opportunity to pick up Apple (APPL.US), Paypal (PYPL.US) and Square (SQ.US) at something of a discount.