Most weeks, the Commonwealth Bank of Australia (ASX: CBA) CommSec brokering platform tells us the ASX and international shares (which usually just means US shares) that are the most popular with its Aussie customers.
My Fool colleague, James Mickleboro, already looked at the most popular ASX shares today.
CommSec is one of the largest online brokers in the country. Thus, this data can be an insightful indicator of general investing trends in the Aussie market.
So here are the top 10 United States shares CommSec customers were buying last week. This week’s data covers 11-15 January.
Most traded US shares on the ASX
- Tesla Inc (NASDAQ: TSLA) – representing 7.3% of total trades with an 80%/20% buy-to-sell ratio.
- Nio Inc (NYSE: NIO) – representing 4.8% of total trades with an 81%/19% buy-to-sell ratio.
- Apple Inc (NASDAQ: AAPL) – representing 2.3% of total trades with a 75%/25% buy-to-sell ratio.
- Churchill Capital Corp IV (NYSE: CCIV) – representing 1.6% of total trades with a 93%/7% buy-to-sell ratio.
- Microsoft Corporation (NASDAQ: MSFT) – representing 1% of total trades with a 57%/43% buy-to-sell ratio.
- Facebook Inc (NASDAQ: FB)
- ARK Innovation ETF (NYSE: ARKK)
- ARK Genomic Revolution ETF (BATS: ARKG)
- Zomedica Corp (NYSE: ZOM)
- Plug Power Inc (NASDAQ: PLUG)
What can we learn from these trades?
As always, some interesting results here. Right off the bat, the dominance of electric car and battery manufacturers in Tesla and Nio once again continues to clean up investor interest here on the ASX.
We can probably put this continuing trend down to a combination of excitement over these companies’ futuristic plans, and the sheer fact that both are up more than 1,000% over the past 10 months.
Traditional tech stocks like Apple, Microsoft, and Facebook also make a small resurgence. These companies have been put on the backburner somewhat in recent months as newer growth stories excite ASX investors.
Churchill Capital makes an interesting debut though.
Churchill is what’s known as a SPAC (special purpose acquisition vehicle). This is a unique US corporate structure where a company is formed with the sole purpose of merging with an unlisted company in the future. SPACs have been growing in popularity over the last 12 months or so as an exciting alternative tot eh traditional IPO.
According to Bloomberg, Churchill has reportedly been enchanting investors over rumours that it is set to merge with an unlisted electric vehicle manufacturer called Lucid Motors. Lucid is apparently backed by the Audi Arabian sovereign wealth fund.
Finally, Plug Power and Zomedica also appear for the first time. Plug is a hydrogen fuel cell company that is up more than 100% year to date. Meanwhile, Zomedica is a pharma company that is up more than 200% year to date.
Our Foolish colleagues over in the US recently (and salaciously) discussed how Zomedica may have been in a promotional scheme with Tiger King’s Carole Baskin. No comment there.
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*Returns as of February 15th 2021
Teresa Kersten, an employee of LinkedIn, a Microsoft subsidiary, is a member of The Motley Fool’s board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to its CEO, Mark Zuckerberg, is a member of The Motley Fool's board of directors. Sebastian Bowen owns shares of Facebook and Tesla. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of and recommends Apple, Facebook, Microsoft, and Tesla. The Motley Fool Australia has recommended Apple and Facebook. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
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