Tesla and Palantir were some of the most popular US shares last week

Tesla (TSLA) and Palantir (PLTR) were among the most traded US shares for ASX investors last week. Here's the full list

A graphic design of the face of a US dollar bill and a share market graph with a big green arrow indicating a surge in US share prices

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Most weeks, Commonwealth Bank of Australia's (ASX: CBA) CommSec brokering platform tells us the ASX and international shares (usually just US shares) that are the most popular with its ASX investor base.

Since CommSec is one of the most used brokerage platforms in Australia, this data gives us a glimpse of what the average Aussie investor is doing on the international stage.

My Fool colleague, James, has already looked at the most popular ASX shares last week today. So here are the top 10 US shares CommSec users were buying last week. This week's data covers 5-8 April. 

GameStop shares among most traded US shares on the ASX

  1. Tesla Inc (NASDAQ: TSLA) – representing 6.2% of total trades with a 79%/21% buy-to-sell ratio.
  2. Apple Inc (NASDAQ: AAPL) – representing 2.5% of total trades with a 71%/29% buy-to-sell ratio.
  3. GameStop Corp (NYSE: GME) – representing 2.3% of total trades with an 83%/17% buy-to-sell ratio.
  4. Palantir Technologies Inc (NYSE: PLTR) – representing 1.7% of total trades with a 73%/27% buy-to-sell ratio
  5. Nio Inc (NYSE: NIO) – representing 1.5% of total trades with a 76%/24% buy-to-sell ratio.
  6. ARK Space Exploration & Innovation ETF (BATS: ARKX)
  7. Microsoft Corporation (NASDAQ: MSFT)
  8. Amazon.com Inc (NASDAQ: AMZN)
  9. Alibaba Group Holding Ltd (NYSE: BABA)
  10. Alphabet Inc Class C (NASDAQ: GOOG)

What can we learn from these trades?

Well, this is a very interesting set of results. Strangely, this list is almost identical to last week's list, which doesn't usually happen. The first 7 stocks here occupy the same positions as last week.

Tesla continues to dominate, naturally, and the only new additions were Google-owner Alphabet's Class C shares and the Chinese e-commerce giant, Alibaba.

Even the percentage of total trades and the buy-sell ratios are eerily similar. For example, last week Tesla made up 6.3% of total trades with a buy-sell ratio of 80/20. It's almost exactly the same this week.

The only real departure in the top 5 stocks here is Palantir. Last week, investors were far more bullish on this data-mining company with 86% of investors buying. This week, it's a little more evenly split.

GameStop continues to evidently weigh heavily on the minds of ASX investors seeing as 83% of trades were 'buys'. The FOMO is strong with this one it seems, despite GameStop shedding almost 36% of its value over the past month, as well as almost 24% since last week. 

It's interesting to see that ARK's new ARKX Space Exploration exchange-traded fund (ETF) is still popular, even displacing the old ARK Innovation ETF (NYSE: ARKK) that had proven popular in previous weeks. 

It will be interesting to see if these patterns hold so similarly next week.

John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Suzanne Frey, an executive at Alphabet, 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 Alphabet (A shares) and Tesla. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of and recommends Alibaba Group Holding Ltd., Alphabet (A shares), Alphabet (C shares), 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 Alphabet (A shares), Alphabet (C shares), Amazon, and Apple. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Share Market News

a smiling young woman carrying a pile of books, indicating a lifting share price for book sellers
Share Market News

Here's how the ASX 200 market sectors stacked up last week

ASX utilities shares led the 11 market sectors for a second consecutive week.

Read more »

Animation of a man measuring a percentage sign, symbolising rising interest rates.
Share Market News

Here's when Westpac says the RBA will cut Australian interest rates

Are interest rates coming in 2024 or 2025?

Read more »

Contented looking man leans back in his chair at his desk and smiles.
Broker Notes

Top brokers name 3 ASX shares to buy next week

Brokers gave buy ratings to these ASX shares last week. Why are they bullish?

Read more »

A young boy sits on his father's shoulders as they flex their muscles at sunrise on a beach

Where I'd invest $10,000 in ASX growth shares right now

These are my top picks for growth.

Read more »

A man with his back to the camera holds his hands to his head as he looks to a jagged red line trending sharply downward representing the ASX tech share sell-off today
Share Market News

How likely is a stock market crash in 2024?

Stock market crashes are a painful, but inevitable, part of investing.

Read more »

a mine worker holds his phone in one hand and a tablet in the other as he stands in front of heavy machinery at a mine site.
Resources Shares

Goldman Sachs says this ASX 200 mining share is in for a 33% whack

The top broker predicts a fairly miserable 12 months ahead for this diversified miner.

Read more »

A woman wearing a top of gold coins and large gold hoop earrings and a heavy gold bracelet stands amid a shower of gold coins with her mouth open wide and an excited look on her face.

I believe this ASX 200 stock can DOUBLE its profit in 5 years

This stock has enormous profit growth potential in my eyes, here’s why.

Read more »

Top ten gold trophy.
Share Gainers

Here are the top 10 ASX 200 shares today

ASX investors endured a sour end to the trading week today.

Read more »