As well as checking out the most popular ASX shares Aussies have been buying, we Fools also like to have a periodical look at which US shares have been piquing the interest of ASX investors.
The data is provided by Commonwealth Bank of Australia's (ASX: CBA) CommSec platform, which covers 19-23 October.
Most popular US shares on the ASX
The 5 most popular US shares last week were the following:
- Tesla Inc (NASDAQ: TSLA) – representing 9.4% of total trades with a 91%/9% buy-to-sell ratio.
- Apple Inc. (NASDAQ: AAPL) – representing 4.1% of total trades with an 80%/20% buy-to-sell ratio.
- Nio Inc (NYSE: NIO) – representing 3.1% of total trades with an 85%/15% buy-to-sell ratio.
- Amazon.com, Inc (NASDAQ: AMZN) – representing 2.2% of total trades with an 84%/16% buy-to-sell ratio.
- Fastly Inc (NYSE: FSLY) – representing 1.5% of total trades with an 81%/19% buy-to-sell ratio.
The next five most traded shares were these:
6. Microsoft Corporation (NASDAQ: MSFT)
7. Square Inc (NASDAQ: SQ)
8. NVIDIA Corporation (NASDAQ: NVDA)
9. Zoom Video Communications Inc. (NASDAQ: ZM)
10. Advanced Micro Devices, Inc (NASDAQ: AMD)
What can we learn from these trades?
Tesla once again dominates the most popular US shares list, maintaining the dominant position we have seen virtually all year. Tesla did report its quarterly earnings this week, which seemed to be positively received by investors, despite not much happening in the Tesla share price (it's up 0.83% over the past month). Still, it helped Aussies hop aboard the Elon Musk train with a 91% buying percentage.
We also see investors' love of electric vehicle makers spill over into Chinese 'Tesla-killer' Nio. Nio has had an incredible year over the past 12 months. This time last year, the company was at an all-time low of US$1.36. Today, it's trading for US$28.44 – a 1-year return close to 2,000%. Apparently ASX investors think it's time to hop on this wagon, rather than off it, given the 85%/15% buy-sell ratio.
Amazon is never far from ASX investors' minds these days, given that (like Tesla) it never seems to be far from the top of the table.
But a rarer entrant is present this week: Fastly. Fastly is a US-based cloud computing services provider which only IPOed last year. Since then, the shares are up 210%, including 229% in the past 6 months. However, they are also down 42% since 13 October, which probably explains why we were seeing some buying pressure last week.
AMD also is a rare entrant and squeaked in last week at the 10th place. AMD manufactures computer chipsets and graphics cards and competes with companies like Intel Corporation (NASDAQ: INTC) and NVIDIA. AMD shares are down around 9% since 7 October, but are up an incredible 3,600% over the past 5 years.
