Insights

Here are the US shares ASX investors have been buying

Tech shares like Tesla (TSLA) and Nio (NIO) remain at the top of the list of US shares that Aussies have been buying lately
The post Here are the US shares ASX investors have been buying appeared first on The Motley Fool Australia. –

A businesman's hands surround a circular graphic with a United States flag and dollar signs, indicating buying and selling US shares

Most weeks, the Commonwealth Bank of Australia (ASX: CBA) CommSec brokering platform tells us the ASX and international shares (usually just US shares) that are the most popular with its Australian customers.

CommSec is one of the most popular share trading platforms in the country. As such, its data can be an insightful view into the mind of the average Aussie investor.

My Fool colleague, James Mickleboro, has earlier today 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 1-5 March. 

Most traded US shares on the ASX

  1. Tesla Inc (NASDAQ: TSLA) – representing 7.3% of total trades with an 81%/19% buy-to-sell ratio.
  2. Nio Inc (NYSE: NIO) – representing 2.9% of total trades with a 71%/29% buy-to-sell ratio.
  3. Apple Inc (NASDAQ: AAPL) – representing 2.7% of total trades with a 74%/26% buy-to-sell ratio.
  4. GameStop Corp (NYSE: GME) – representing 1.8% of total trades with a 68%/32% buy-to-sell ratio.
  5. Palantir Technologies Inc (NYSE: PLTR) – representing 1.8% of total trades with an 81%/19% buy-to-sell ratio
  6. ARK Innovation ETF (NYSE: ARKK)
  7. Churchill Capital Corp IV (NYSE: CCIV)
  8. Square Inc (NASDAQ: SQ)
  9. NVIDIA Corp (NASDAQ: NVDA)
  10. PayPal Holdings Inc (NASDAQ: PYPL)

What can we learn from these trades?

Tech shares continue to dominate this list, despite the well-publicised sell-off in this sector over the past few weeks (last week in particular). It’s interesting to see Aussie investors still buying up companies (for the most part) like Tesla and Nio, despite heavy losses. To illustrate, Tesla is down almost 34% over the past month, while Nio shares have lost 44%. Data miner Palantir is another one to watch. It’s down a hefty 42% over the past month as well.

There still seems to be some heavy appetite for risk out there as well, with the notorious GameStop once again making an appearance. You might have thought that investors would leave this one alone, since it cratered by more than 83% between 29 January and 4 February. Then again, perhaps not, considering GameStop is up 332% since 23 February.

We’ve also discussed the growing popularity of ARK Invest exchange-traded funds before. The ARK Innovation ETF evidently remains popular, despite this fund selling off dramatically in recent weeks (it’s down 29.5% since 12 February).

I’m looking forward to next week’s numbers – especially so if this US tech sell-off continues over the next week. It will be interesting to see if the ‘net buyer’ mentality holds if that’s the case!

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Sebastian Bowen owns shares of Tesla. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and recommends Apple, NVIDIA, PayPal Holdings, Square, and Tesla. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Palantir Technologies Inc and recommends the following options: short March 2023 $130 calls on Apple, long March 2023 $120 calls on Apple, and long January 2022 $75 calls on PayPal Holdings. The Motley Fool Australia has recommended Apple, NVIDIA, and PayPal Holdings. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

The post Here are the US shares ASX investors have been buying appeared first on The Motley Fool Australia.

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