Most weeks, Commonwealth Bank of Australia (ASX: CBA)'s CommSec share brokerage and trading platform tells us the most popular international shares (which are usually US shares) that its Australian users were trading the previous week.
CommSec is one of the most popular ASX brokers in Australia. Because of this, its data provides an interesting insight into the foreign shares that ASX investors have been chasing (or running away from) of late.
My Fool colleague James Mickleboro has already covered some of the ASX's most popular shares today. So here are the top 10 international shares that CommSec users were buying and selling last week. This week's data covers 17-21 May.
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Tesla, GameStop and Coinbase dominate most popular ASX US shares
- Tesla Inc (NASDAQ: TSLA) – representing 7.8% of total trades with a 79%/21% buy-to-sell ratio.
- GameStop Corp. (NYSE: GME) – representing 3% of total trades with an 83%/17% buy-to-sell ratio.
- AMC Entertainment Holdings Inc (NYSE: AMC) – representing 2.3% of total trades with an 83%/17% buy-to-sell ratio.
- Apple Inc (NASDAQ: AAPL) – representing 2.3% of total trades with a 71%/29% buy-to-sell ratio.
- Coinbase Global Inc (NASDAQ: COIN) – representing 1.6% of total trades with a 74%/26% buy-to-sell ratio.
- Microsoft Corporation (NASDAQ: MSFT)
- Palantir Technologies Inc (NYSE: PLTR)
- Nio Inc – ADR (NYSE: NIO)
- Alibaba Group Holding Ltd (NYSE: BABA)
- Amazon.com Inc. (NASDAQ: AMZN)
What can we learn from these trades?
Some interesting data to look through this week, as always. Well, first things first, Tesla and GameStop once again get the gold and silver medals for the US shares that AS investors can't seem to leave alone. Tesla's buy-to-sell ratio was remarkably similar to our last report.
However, ASX investors seem to be cooling on GameStop. Last week, we were looking at a 94%/6% buy-to-sell ratio for GME shares. This week's 83%/17% ratio indicates some investors are cashing out. That was despite the GameStop share price (uncharacteristically) not doing too much moving.
A surprising promotion though went to cinema chain AMC holdings. AMC shares were our sixth most popular share in last week's report, but AMC cracks the top 3 this week. That can probably be explained by the 13% share price slide the company made over the analysed period. Clearly, the ASX has more than a few bargain hunters.
Coinbase also makes something of a comeback this week. In last week's report, Coinbase had slid to a position outside the top 10. But it came roaring back at No. 5 this week. Again, we can probably explain this by looking at the Coinbase share price over the past week or two. Between 17-21 May, this cryptocurrency broker fell around 10%. It has also fallen more than 30% since its April IPO.
The US blue-chip tech stocks in Apple and Microsoft remain popular as ever. As do the Chinese companies Alibaba and Nio.
