Apple and Tesla are in the top 5 US shares bought by ASX investors this week

ASX investors are increasingly turning to the Unites States share markets as well as our own ASX to buy shares in their favourite companies. The Commonwealth Bank of Australia‘s (ASX: CBA) CommSec brokerage platform has just released data on which international shares ASX investors were buying in the period 24-28 August. We’ve already looked at the most popular ASX shares over that time, so here are the top 5 most-traded US shares as well.

1) Tesla Inc. (NASDAQ: TSLA)

As usual, electric car and battery manufacturer Tesla tops the list for the most traded international share last week. 7.9% of all CommSec international trades were for Tesla shares, with 84% of those trades being buys. Tesla continues to make headlines for its meteoric rise (as well as the 5-for-1 stock split which went ahead last night (our time)). In its first day of post-split trade, Tesla shares were up another 12.5% to US$498.32 (or US$2,491.60 in pre-split terms). Tesla shares are now worth more today post-split than they were at the start of the year. Go figure.

2) Apple Inc. (NASDAQ: AAPL)

Stock no. 2 is another stock split star. Apple’s 4-for-1 stock split also went ahead last night. Apple shares are today costing US$129.04 after hovering around US$500 last week pre-split. Despite a stock split delivering no real tangible benefits for investors apart from increasing affordability, investors didn’t seem to care when they pushed up Apple’s share price by almost 4% last night.

3) Nio Inc. (NYSE: NIO)

Nio is another electric car manufacturer, and one often called the ‘Tesla of China’. Nio is based in China but listed on the New York Stock Exchange under an ADR (Authorised Depository Receipt) structure. It appears that goodwill from Tesla is spilling into Nio shares, as they are up more than 400% year to date. ASX investors do like their electric vehicle makers these days, it seems.

4) Microsoft Corporation (NASDAQ: MSFT)

Microsoft is our next stock on the list. Unlike Tesla and Apple, there was no ‘hot gossip’ swirling around Microsoft shares in recent weeks, so perhaps ASX investors are just attracted to this tech stalwart’s incredible business model and cash flows. Microsoft is one of the largest companies in the world. It sells its Windows and Office products as well as its Azure cloud services and Xbox gaming consoles. Thus, it’s understandable that ASX investors are looking for a slice of this pie.

5) NVIDIA Corporation (NASDAQ: NVDA)

NVIDIA is not a stock that often appears on this top 5 list. This company makes computer and graphics chips and is regarded as a leader in the artificial intelligence (AI) space. NVIDIA stock is up more than 20% in the past month, so that might explain why it makes the list of top US shares for ASX investors this week.

More reading

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• Better buy: Amazon.com vs Microsoft
• This chart shows why big banks are in trouble
• Tesla stock splits: Here’s what investors should know
• Apple’s stock split Monday. Here’s what you need to know.

Teresa Kersten, an employee of LinkedIn, a Microsoft subsidiary, is a member of The Motley Fool’s board of directors. Sebastian Bowen owns shares of Tesla. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and recommends Apple, Microsoft, NVIDIA, and Tesla and recommends the following options: long January 2021 $85 calls on Microsoft and short January 2021 $115 calls on Microsoft. The Motley Fool Australia has recommended Apple and NVIDIA. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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