Most weeks, Commonwealth Bank of Australia‘s (ASX: CBA) CommSec platform reveals the US shares that its Aussie customers were buying the previous week.
Since CommSec is one of the most used share brokers in Australia, this information gives us an interesting glimpse into what the average Aussie investor is looking at in the US markets.
So here are the top 10 US shares that investors on CommSec were buying and selling last week. This week’s data covers 26-30 April.
Blue-chip tech shares dominate most traded US on the ASX
- Tesla Inc (NASDAQ: TSLA) – representing 6% of total trades with a 77%/23% buy-to-sell ratio.
- Apple Inc (NASDAQ: AAPL) – representing 2.7% of total trades with a 70%/30% buy-to-sell ratio.
- Microsoft Corporation (NASDAQ: MSFT)– representing 2.3% of total trades with an 88%/12% buy-to-sell ratio.
- GameStop Corp. (NYSE: GME) – representing 2.3% of total trades with a 79%/21% buy-to-sell ratio.
- Amazon.com, Inc. (NASDAQ: AMZN) – representing 1.6% of total trades with a 68%/32% buy-to-sell ratio
- Coinbase Global Inc (NASDAQ: COIN)
- Nio Inc – ADR (NYSE: NIO)
- Alphabet Inc Class C (NASDAQ: GOOG)
- Microvision Inc (NASDAQ: MVIS)
- AMC Entertainment Holdings Inc (NYSE: AMC)
What can we learn from these trades?
Well, after a rather homogenous couple of weeks recently, this weeks list looks a little different. What’s not different though is ASX investors love of electric vehicle and battery manufacturer, Tesla. Despite a few months of lacklustre stock performance, 77% of Tesla shares were still on the buy side last week. Tesla still maintains a dominant position in the overall proportion of trades at 6% as well.
ASX investors were also in the mood for blue-chip American shares as well. Smaller growth shares like Coinbase, Nio, and Palantir Technologies Inc (NYSE: PLTR) have made way for Apple, Microsoft, Amazon, and Google-parent Alphabet. This may have stemmed from many of these companies reporting their quarterly earnings last week.
Many of these were extremely well-received by investors too. Most of these companies were also overwhelmingly on the buy side for Aussie investors as well, with the strange exception of Amazon. Around a third of Amazon trades were ‘sells’ last week, despite the e-commerce giant hitting a new all-time high of US$3,554 on Friday. It seems as though there were more than a few people keen to get some profits off the table on that one.
Finally, it’s interesting to note that ASX investor interest in the newly-listed cryptocurrency broker Coinbase appears to be sliding. Last week, it was the second most popular US share with 4.4% of total trades. This week, it managed less than 1.6%.