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.
GameStop shares among most traded US shares on the ASX
- Tesla Inc (NASDAQ: TSLA) – representing 6.2% of total trades with a 79%/21% buy-to-sell ratio.
- Apple Inc (NASDAQ: AAPL) – representing 2.5% of total trades with a 71%/29% buy-to-sell ratio.
- GameStop Corp (NYSE: GME) – representing 2.3% of total trades with an 83%/17% buy-to-sell ratio.
- Palantir Technologies Inc (NYSE: PLTR) – representing 1.7% of total trades with a 73%/27% buy-to-sell ratio
- Nio Inc (NYSE: NIO) – representing 1.5% of total trades with a 76%/24% buy-to-sell ratio.
- ARK Space Exploration & Innovation ETF (BATS: ARKX)
- Microsoft Corporation (NASDAQ: MSFT)
- Amazon.com Inc (NASDAQ: AMZN)
- Alibaba Group Holding Ltd (NYSE: BABA)
- 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.
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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. 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.
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