Tesla Stock – Here are the US shares ASX investors were buying last week
Most weeks, Commonwealth Bank of Australia (ASX: C(BA))’s CommSec brokerage platform tells us the international shares (which are almost always US shares) that its Australian customer base was buying the previous week.
CommSec is one of the most popular brokers in Australia. As such, this information gives us a nice idea of what the average Aussie investor is looking at beyond our shores.
My Fool colleague James has already covered some of the ASX’s most popular shares today. So here are the top 10 international shares that CommSec-ers were buying and selling last week. This week’s data covers 3-7 May.
Tesla dominates most traded US shares on the ASX
- Tesla Inc (NASDAQ: (TSLA)) – representing 4.4% of total trades with a 70%/30% buy-to-sell ratio.
- GameStop Corp. ((NYSE: GM)E) – representing 2.9% of total trades with a 90%/10% buy-to-sell ratio.
- Apple Inc (NASDAQ: AAPL) – representing 2.5% of total trades with a 73%/27% buy-to-sell ratio.
- Palantir Technologies Inc (NYSE: PLTR) – representing 1.8% of total trades with a 76%/24% buy-to-sell ratio.
- Coinbase Global Inc (NASDAQ: COIN) – representing 1.3% of total trades with a 73%/27% buy-to-sell ratio.
- Microsoft Corporation (NASDAQ: (MSFT))
- Nio Inc – ADR (NYSE: NIO)
- Amazon.com Inc. (NASDAQ: AMZN)
- AMC Entertainment Holdings Inc (NYSE: AMC)
- ARK Innovation ETF (NYSE: ARKK)
What can we learn from these trades?
Well, electric vehicle and battery manufacturer Tesla continues to dominate this list, as it has for most of the past year now. And investors are still buying overall, despite Tesla shares now sliding more than 10% over the past month. Good to see some bargain hunting going on.
Perhaps more striking is the enduring popularity of GameStop though, with a 90/10 buy/sell ratio. Since the infamous (or famous, depending on your gains) Reddit-fuelled ‘pop’ back in January, this company has continued to slide.
In saying that, GameStop shares remain volatile, and were up 26% at one point in the past month. Clearly, there are a lot of ASX investors who are looking for another bump.
Palantir, Coinbase and ARK Innovation ETF are back on ASX investors’ radars as well after sliding down the totem pole of investor interest in recent weeks. These smaller ‘tech growth’ companies (plus the ARKK ETF) have been brutally sold off over the past month or so. As such, it would seem there is some bargain hunting going on here as well.
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John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Fintech Zoom’s board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Fintech Zoom’s board of directors. Teresa Kersten, an employee of LinkedIn, a Microsoft subsidiary, is a member of The Fintech Zoom’s board of directors. Sebastian Bowen owns shares of Coinbase Global, Inc. and Tesla. The Fintech Zoom Australia’s parent company Fintech Zoom Holdings Inc. owns shares of and recommends Amazon, Apple, Microsoft, NIO Inc., and Tesla. The Fintech Zoom Australia’s parent company Fintech Zoom Holdings Inc. owns shares of Palantir Technologies Inc and recommends the following options: long January 2022 $1920 calls on Amazon, short March 2023 $130 calls on Apple, short January 2022 $1940 calls on Amazon, and long March 2023 $120 calls on Apple. The Fintech Zoom Australia has recommended Amazon, and Apple. The Fintech Zoom has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.