Most weeks, Commonwealth Bank of Australia (ASX: CBA)’s share trading house CommSec tells us the most traded US shares that its ASX investors have been buying and selling the previous week.
Since CommSec is one of the most popular brokers in Australia, this information can give us a very interesting idea of the US shares that ASX investors are looking at today.
My Fool colleague James already looked at some of the most popular ASX shares yesterday. So here are the top 10 US shares that CommSec users were trading last week. This week’s data covers 19-23 July.
ASX investors checking out some new shares
- Tesla Inc (NASDAQ: TSLA) – representing 3% of total trades with a 64%/36% buy-to-sell ratio.
- Apple Inc (NASDAQ: AAPL) – representing 2.9% of total trades with a 60%/40% buy-to-sell ratio.
- GameStop Corp. (NYSE: GME) – representing 2.4% of total trades with a 93%/7% buy-to-sell ratio.
- AMC Entertainment Holdings Inc (NYSE: AMC) – representing 2.2% of total trades with a 75%/25% buy-to-sell ratio.
- NVIDIA Corporation (NASDAQ: NVDA) – representing 2.1% of total trades with a 92%/8% buy-to-sell ratio.
- Microsoft Corporation (NASDAQ: MSFT)
- Moderna Inc (NASDAQ: MRNA)
- DiDi Global Inc (NASDAQ: DIDI)
- Alibaba Group Holding Ltd (NYSE: BABA)
- Alphabet Inc Class C (NASDAQ: GOOG)
What can we learn from these trades?
Some interesting numbers to go through this week. So, the top three usual US shares are all here again this week in Tesla, Apple and GameStop.
However, Tesla is back on top after coming in at number 3 last week. Likewise, GameStop is back to number 3 after topping out last week’s list.
What’s particularly striking about these 3 companies is their buy-/sell ratios. Investors seem equally divided on both Tesla and Apple, with rough 60/40 ratios respectively for buy and sell trades.
However, the GameStop ship is listing heavily towards the buys, with an astonishing 93% of all trades on the buy side. GameStop shares appreciated roughly 15% between 15 and 20 July so perhaps this is what’s sparking this activity.
Other than those regulars, we have some new shares that haven’t turned up on this list for a while. This includes COVID vaccine developer Moderna, as well as China ride-hailing share DiDi and Google parent company Alphabet.
Finally, it’s worth noting chipmaker NVIDIA’s presence. NVIDIA was on last week’s list at number 6 but makes the top 5 cut this week with another uber-bullish buy-sell ratio of 92/8.
NVIDIA shares went through something of a correction earlier this month, falling more than 12% between 6-16 July leading up to a 4-for-1 stock split on 20 July.
It seems this dip really caught ASX investors’ attention. NVIDIA shares are up a mind-blowing 1,245% over the past 5 years alone.