Most weeks, Commonwealth Bank of Australia (ASX: CBA)’s brokerage platform CommSec tells us the most popular international shares (which are usually US shares) that its Aussie customers have been investing in over the week just gone.
CommSec is one of the most popular ASX brokers in the country. As such, its data can give us a valuable window into the minds of ASX investors. My Fool colleague James has already taken a look at CommSec’s most popular ASX shares today. So here are the top 10 international shares that CommSec-ers were trading last week. This week’s data covers June 28 – July 2.
Tesla still the one, but DiDi IPO excites
- Tesla Inc (NASDAQ: TSLA) – representing 3.6% of total trades with a 51%/49% buy-to-sell ratio.
- GameStop Corp. (NYSE: GME) – representing 2.6% of total trades with an 87%/13% buy-to-sell ratio.
- Nio Inc. (NYSE: NIO) – representing 2.1% of total trades with a 57%/43% buy-to-sell ratio.
- AMC Entertainment Holdings Inc (NYSE: AMC) – representing 2.1% of total trades with a 70%/30% buy-to-sell ratio.
- Apple Inc (NASDAQ: AAPL) – representing 1.9% of total trades with a 51%/49% buy-to-sell ratio.
- DiDi Global Inc (NYSE: DIDI)
- Microsoft Corporation (NASDAQ: MSFT)
- Virgin Galactic Holdings Inc (NYSE: SPCE)
- Alibaba Group Holding Ltd (NYSE: BABA)
- Palantir Technologies Inc (NYSE: PLTR)
What can we learn from these trades?
Mostly that Aussie investors can’t get enough of the high flying US shares at the moment. Of these 10 companies, only three (Apple, Alibaba and Microsoft) don’t fall into the category of ‘high-octane growth shares’. And even Alibaba toes that line somewhat. Yes, the top three companies, as well as the remaining four, can arguably still be in the growth/speculative pigeonhole. But we have two companies here that haven’t seen this list for a while. The first is Virgin Galactic. Investors have been very excited in the past over this company’s plans to commercialise space travel. However, this company had recently fallen out of favour, and was down roughly 70% between February and May this year. That was until Virgin Galactic rocketed 245% between 14 May and 25 June. A new planned space flight, this one involving Virgin founder Sir Richard Branson, appears to be the catalyst here.
In the case of Chinese ridesharing company DiDi, well, it IPOed last week, joining the US markets for the first time. Clearly, ASX investors are keen to put their money where their rear ends might be at the end of a big night out with this one. That’s despite the fact that DiDi’s IPO hasn’t exactly resulted in a lot of financial success so far.