As well as checking out the most popular ASX shares Aussies have been buying, we Fools also like to have a periodical look at which US shares have been piquing the interest of ASX investors.
The data is provided by Commonwealth Bank of Australia‘s (ASX: CBA) CommSec platform, which covers 19-23 October.
Most popular US shares on the ASX
The 5 most popular US shares last week were the following:
- Tesla Inc (NASDAQ: TSLA) – representing 9.4% of total trades with a 91%/9% buy-to-sell ratio.
- Apple Inc. (NASDAQ: AAPL) – representing 4.1% of total trades with an 80%/20% buy-to-sell ratio.
- Nio Inc (NYSE: NIO) – representing 3.1% of total trades with an 85%/15% buy-to-sell ratio.
- Amazon.com, Inc (NASDAQ: AMZN) – representing 2.2% of total trades with an 84%/16% buy-to-sell ratio.
- Fastly Inc (NYSE: FSLY) – representing 1.5% of total trades with an 81%/19% buy-to-sell ratio.
The next five most traded shares were these:
6. Microsoft Corporation (NASDAQ: MSFT)
7. Square Inc (NASDAQ: SQ)
8. NVIDIA Corporation (NASDAQ: NVDA)
9. Zoom Video Communications Inc. (NASDAQ: ZM)
10. Advanced Micro Devices, Inc (NASDAQ: AMD)
What can we learn from these trades?
Tesla once again dominates the most popular US shares list, maintaining the dominant position we have seen virtually all year. Tesla did report its quarterly earnings this week, which seemed to be positively received by investors, despite not much happening in the Tesla share price (it’s up 0.83% over the past month). Still, it helped Aussies hop aboard the Elon Musk train with a 91% buying percentage.
We also see investors’ love of electric vehicle makers spill over into Chinese ‘Tesla-killer’ Nio. Nio has had an incredible year over the past 12 months. This time last year, the company was at an all-time low of US$1.36. Today, it’s trading for US$28.44 – a 1-year return close to 2,000%. Apparently ASX investors think it’s time to hop on this wagon, rather than off it, given the 85%/15% buy-sell ratio.
Amazon is never far from ASX investors’ minds these days, given that (like Tesla) it never seems to be far from the top of the table.
But a rarer entrant is present this week: Fastly. Fastly is a US-based cloud computing services provider which only IPOed last year. Since then, the shares are up 210%, including 229% in the past 6 months. However, they are also down 42% since 13 October, which probably explains why we were seeing some buying pressure last week.
AMD also is a rare entrant and squeaked in last week at the 10th place. AMD manufactures computer chipsets and graphics cards and competes with companies like Intel Corporation (NASDAQ: INTC) and NVIDIA. AMD shares are down around 9% since 7 October, but are up an incredible 3,600% over the past 5 years.
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Returns as of 6th October 2020
More reading
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- Amazon to hire 100,000 seasonal workers as demand is expected to soar
- Cloud computing and gaming boost Microsoft (NASDAQ:MSFT) earnings results
- ASX stock of the day: Strategic Elements (ASX:SOR) surges 170% on new self-charging battery
- A look into Mike Cannon-Brookes’ share portfolio
John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, 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. Sebastian Bowen owns shares of Tesla and Intel. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and recommends Amazon, Apple, Microsoft, NVIDIA, Square, Tesla, and Zoom Video Communications and recommends the following options: long January 2021 $85 calls on Microsoft, short January 2021 $115 calls on Microsoft, short January 2022 $1940 calls on Amazon, and long January 2022 $1920 calls on Amazon. The Motley Fool Australia has recommended Amazon, Apple, NVIDIA, and Zoom Video Communications. 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.
The post Tesla (NASDAQ:TSLA), Fastly (NYSE:FSLY) among most popular US shares last week appeared first on Motley Fool Australia.
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