Most weeks, the Commonwealth Bank of Australia (ASX: CBA) CommSec brokering platform tells us the ASX and international shares (almost always just US shares) that are the most popular with its Australian customers.
CommSec is among the most popular share trading platforms in the country. As such, the data it gives us can be a useful snapshot into the mind of the average Aussie investor.
Today, we have already looked at the most popular ASX shares last week. So here are the top 10 United States shares CommSec customers were buying last week. This week’s data covers 8-12 March.
GameStop shares among most traded US shares on the ASX
- Tesla Inc (NASDAQ: TSLA) – representing 7.6% of total trades with an 81%/19% buy-to-sell ratio.
- GameStop Corp (NYSE: GME) – representing 5.4% of total trades with a 51%/49% buy-to-sell ratio.
- Apple Inc (NASDAQ: AAPL) – representing 2.8% of total trades with an 83%/17% buy-to-sell ratio.
- Nio Inc (NYSE: NIO) – representing 2.6% of total trades with a 76%/24% buy-to-sell ratio.
- Palantir Technologies Inc (NYSE: PLTR) – representing 1.8% of total trades with an 84%/16% buy-to-sell ratio
- Roblox Corp (NYSE: RBLX)
- ARK Innovation ETF (NYSE: ARKK)
- AMC Entertainment Holdings Inc (NYSE: AMC)
- Taiwan Semiconductor Manufacturing Co Ltd (NYSE: TSM)
- Microsoft Corporation (NASDAQ: MSFT)
What can we learn from these trades?
Well, GameStop certainly knows how to excite Aussie investors, that’s for sure. GameStop was on last week’s list, at the number four spot with a buy/sell ratio of 68%/32% to be precise. So it’s interesting to see a convergence of buyers and sellers.
Since 5 March (the end of last week’s covered period), the GameStop share price is up another 59% on current pricing, but has also lost around 17% of its value since 10 March. It seems that is enough to get half of its Aussie investors to move to take their profits off of the table.
Outside GameStop, electric vehicle and battery manufacturers Tesla and Nio remain as popular as ever. Both companies have been recovering somewhat after being hard-hit in the US tech selloff of the past month or so.
It’s also interesting to see that data company Palantir remains popular with Aussies, even though the company is still down around 30% from where it was on 9 February.
Some new faces this week are Roblox and Taiwan Semiconductor. Taiwan Semiconductor is a massive high-flying chip manufacturer that has recently come off the boil. It was down close to 20% from it’s February peak at one point, so clearly some Aussies are seeing a bargain here.
Roblox is a new gaming company that has only just IPOed in the past week on the US markets. Clearly, Aussies have been excited to get aboard this train.
At the time of writing, Roblox stock remains around 3.8% above the level it debuted on the New York Stock Exchange at, so it’s been a winner so far.
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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, Taiwan Semiconductor Manufacturing, and Tesla. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of NIO Inc. and Palantir Technologies Inc and recommends the following options: short March 2023 $130 calls on Apple and long March 2023 $120 calls on Apple. The Motley Fool Australia has recommended 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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