Most weeks, Commonwealth Bank of Australia‘s (ASX: CBA) CommSec brokering platform tells us the ASX and US shares that are the most popular with its Aussie investors.
CommSec is one of the most popular brokerage platforms in Australia. As such, the data it gives us can be an interesting insight into what’s been on the mind of the average ASX investor.
My Fool colleague, James, has already looked at the most popular ASX shares last week today. So here are the top 10 US shares CommSeccers were buying last week. This week’s data covers 29 March to 1 April.
GameStop shares among most traded US shares on the ASX
- Tesla Inc (NASDAQ: TSLA) – representing 6.3% of total trades with an 80%/20% buy-to-sell ratio.
- Apple Inc (NASDAQ: AAPL) – representing 2.5% of total trades with a 69%/31% buy-to-sell ratio.
- GameStop Corp (NYSE: GME) – representing 2.2% of total trades with an 80%/20% buy-to-sell ratio.
- Palantir Technologies Inc (NYSE: PLTR) – representing 1.9% of total trades with an 86%/14% buy-to-sell ratio
- Nio Inc (NYSE: NIO) – representing 1.8% of total trades with a 75%/25% buy-to-sell ratio.
- ARK Space Exploration & Innovation ETF (BATS: ARKX)
- Microsoft Corporation (NASDAQ: MSFT)
- ARK Innovation ETF (NYSE: ARKK)
- 88 Energy Ltd (OTCMKTS: EEENF)
- Amazon.com Inc (NASDAQ: AMZN)
What can we learn from these trades?
Some interesting insights this week. Firstly, while electric vehicle and battery manufacturer continues to hold its crown on top of this list, its Chinese rival Nio continues to slide. Nio has fallen on the n0. 4 stock last week to 5 this week.
Aussie investors are clearly not done with GameStop either, despite this roulette wheel of a stock falling 30% since 10 March. However, GameStop did pop 50% in one day back on 25 March, so perhaps investors are hoping for a similar event to cash out (or double down).
Apple remains popular with Aussies, while Amazon has resurfaced as a top 10 company following some recent investor apathy. It seems Aussies still see value in having two of the US’s largest companies in their portfolios.
Ark Innovation ETF has been a staple of this list for a while now. But another ARK exchange-traded fund in the Space Exploration & Innovation ETF joins the party this week. ARKX only started life on 30 March 2021, so clearly, Aussie investors don’t want to let this one go.
Finally, it’s worth noting the inclusion of 88 Energy. Perhaps an ASX first, 88 Energy Ltd (ASX: 88E) is actually an ASX company that is also an over-the-counter (OTC) stock (hence the strange ticker code) in the US and has clearly attracted some investors with its wild volatility of late. I’m not sure why ASX investors are trading this company on US OTC markets when they could get it here on the ASX, but there you go. 88 Energy shares were trading for 1 US cents a month ago, but shot up 700% between 11 March and 5 April, before falling more than 76% since. Ouch.
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John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Teresa Kersten, an employee of LinkedIn, a Microsoft subsidiary, is a member of The Motley Fool’s board of directors. Sebastian Bowen owns shares of Tesla. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of and recommends Amazon, Apple, Microsoft, NIO Inc., and Tesla. The Motley Fool Australia's parent company Motley Fool 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 Motley Fool Australia has recommended Amazon and Apple. 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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