Tesla back on top as the most popular US share for ASX investors

Aussie investors put Tesla back in the driver’s seat of the most popular US shares …

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A businesman's hands surround a circular graphic with a United States flag and dollar signs, indicating buying and selling US shares

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Most weeks, Commonwealth Bank of Australia (ASX: CBA)’s share trading platform CommSec tells us the most popular US shares that its Australian user base has been buying and selling during the previous week.

Since CommSec is one of the most used ASX brokerage platforms in the country, its data can give us an interesting insight into the minds of Aussie investors. So here are the top 10 US shares that CommSec users were trading last week. This week’s data covers June 21-25.

Tesla back on top

  1. Tesla Inc (NASDAQ: TSLA) – representing 4% of total trades with a 59%/41% buy-to-sell ratio.
  2. GameStop Corp. (NYSE: GME) – representing 3.7% of total trades with a 93%/7% buy-to-sell ratio.
  3. Apple Inc (NASDAQ: AAPL) – representing 2.3% of total trades with a 56%/44% buy-to-sell ratio.
  4. AMC Entertainment Holdings Inc (NYSE: AMC) – representing 2.3% of total trades with a 65%/35% buy-to-sell ratio.
  5. Nio Inc. (NYSE: NIO) – representing 1.3% of total trades with a 73%/27% buy-to-sell ratio.
  6. Microsoft Corporation (NASDAQ: MSFT)
  7. ContextLogic Inc (NASDAQ: WISH)
  8. Alphabet Inc Class C (NASDAQ: GOOG)
  9. Alibaba Group Holding Ltd (NYSE: BABA)
  10. Amazon.com, Inc. (NASDAQ: AMZN)

What can we learn from these trades?

That electric vehicle and battery manufacturer Tesla has regained its most popular US share crown, for starters. For many, many months, it seemed nothing could knock Tesla shares off of their perch on top of the most traded US shares list.

But over the past month or so, we’ve seen ‘meme stocks’ like AMC and GameStop usurp Tesla at the top of the pile. No longer it seems. Tesla is back on top with 4% of total trades last week.

This might be a by-product of the Tesla share price’s recent performance. Tesla shares are up more than 10% over the past month and nearly 15% since 15 June.

Turning to other shares, it seems that meme stocks remain popular, even if they’re not at the top of the pile. We continue to see interest in GameStop, AMC, Nio and ContextLogic. That’s despite GameStop losing around 30% of its value since 9 June.

But AMC continues to rocket. It’s still up 35% since 10 June and 81% over the past month. Other than these ‘hot stocks’, we continue to see solid interest in the US blue-chip tech companies like Apple, Alphabet, Microsoft and Amazon.

The US-listed Chinese giant Alibaba also saw an uptick in popularity for Aussie investors last 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. Motley Fool contributor 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 has recommended 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. has recommended the following options: long January 2022 $1,920 calls on Amazon, long March 2023 $120 calls on Apple, short January 2022 $1,940 calls on Amazon, and short March 2023 $130 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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