Tesla and Coinbase continue to dominate Aussie's US share picks

Coinbase Global Inc (NASDAQ: COIN) and Tesla Inc (NASDAQ: TSLA) continued to dominate the US share picks of ASX investors last week

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Most weeks, Commonwealth Bank of Australia's (ASX: CBA) CommSec shares service tells us both the ASX and international shares (almost always just US shares) that are the most popular with its Australian customer base.

CommSec is one of the most popular brokers in the country. As such, this information gives us a nice insight into what the average Aussie investor is finding interesting beyond our shores.

My Fool colleague James Mickloboro already looked at the most popular ASX shares earlier this week. So here are the top 10 international shares that investors on CommSec were buying and selling last week. This week's data covers 19-23 April. 

Tesla and Coinbase dominate most traded International shares on the ASX

  1. Tesla Inc (NASDAQ: TSLA) – representing 4.8% of total trades with a 69%/31% buy-to-sell ratio.
  2. Coinbase Global Inc (NASDAQ: COIN) – representing 4.4% of total trades with an 82%/18% buy-to-sell ratio.
  3. GameStop Corp. (NYSE: GME) – representing 3.5% of total trades with an 89%/11% buy-to-sell ratio.
  4. Apple Inc (NASDAQ: AAPL) – representing 2.5% of total trades with a 58%/42% buy-to-sell ratio.
  5. Nio Inc – ADR (NYSE: NIO) – representing 1.4% of total trades with a 62%/38% buy-to-sell ratio
  6. Palantir Technologies Inc (NYSE: PLTR)
  7. Microsoft Corporation (NASDAQ: MSFT)
  8. AMC Entertainment Holdings Inc (NYSE: AMC)
  9. Amazon.com, Inc. (NASDAQ: AMZN)
  10. Alibaba Group Holding Ltd – ADR (NYSE: BABA)

What can we learn from these trades?

Well, this week's numbers are strikingly similar to what we reported last week. In fact, the only addition to the top ten list this week is Amazon, which displaced NVIDIA Corporation (NASDAQ: NVDA) from last week.

Perhaps the most interesting development though is how ASX investors are treating Coinbase Global. Last week's data covered the first week of Coinbase's US listing (it IPOed on the Nasdaq on 14 April). Then, we discussed how Coinbase was the most traded US share by a mile, with 98% of trades' being 'buys'. Well, it's only been 2-and-a-bit weeks and apparently, some investors are already looking to cash out. Sell trades for Coinbase were up to 18% last week, which is sad for the sellers seeing as the company's shares haven't really stopped falling since its explosive IPO.

But electric vehicle and battery manufacturer Tesla is back on top after being briefly usurped from its throne last week. Investors are still net-buying Tesla, despite the Tesla stock price falling ~9% since 13 April. Tesla's Chinese EV rival Nio is back in the top 5 as well after dropping out last week. Nio has bounced over the second half of the month – up more than 15% since 15 April.

Finally, it's worth noting that Apple was also seeing some significant selling pressure with 42% of investors cashing out last week. They might be regretting that decision today, in light of Apple's well-received quarterly results that were released this morning.

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 Coinbase Global, Inc. and Tesla. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of and recommends Alibaba Group Holding Ltd., Amazon, Apple, Microsoft, NIO Inc., NVIDIA, 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, Apple, and NVIDIA. 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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