Tesla and Coinbase continue to dominate Aussie's US share picks

Coinbase Global Inc (NASDAQ: COIN) and Tesla Inc (NASDAQ: TSLA) continued to dominate the US share picks of ASX investors last week

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

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Most weeks, Commonwealth Bank of Australia's (ASX: CBA) CommSec shares service tells us both the ASX and international shares (almost always just US shares) that are the most popular with its Australian customer base.

CommSec is one of the most popular brokers in the country. As such, this information gives us a nice insight into what the average Aussie investor is finding interesting beyond our shores.

My Fool colleague James Mickloboro already looked at the most popular ASX shares earlier this week. So here are the top 10 international shares that investors on CommSec were buying and selling last week. This week's data covers 19-23 April. 

Tesla and Coinbase dominate most traded International shares on the ASX

  1. Tesla Inc (NASDAQ: TSLA) – representing 4.8% of total trades with a 69%/31% buy-to-sell ratio.
  2. Coinbase Global Inc (NASDAQ: COIN) – representing 4.4% of total trades with an 82%/18% buy-to-sell ratio.
  3. GameStop Corp. (NYSE: GME) – representing 3.5% of total trades with an 89%/11% buy-to-sell ratio.
  4. Apple Inc (NASDAQ: AAPL) – representing 2.5% of total trades with a 58%/42% buy-to-sell ratio.
  5. Nio Inc – ADR (NYSE: NIO) – representing 1.4% of total trades with a 62%/38% buy-to-sell ratio
  6. Palantir Technologies Inc (NYSE: PLTR)
  7. Microsoft Corporation (NASDAQ: MSFT)
  8. AMC Entertainment Holdings Inc (NYSE: AMC)
  9. Amazon.com, Inc. (NASDAQ: AMZN)
  10. Alibaba Group Holding Ltd – ADR (NYSE: BABA)

What can we learn from these trades?

Well, this week's numbers are strikingly similar to what we reported last week. In fact, the only addition to the top ten list this week is Amazon, which displaced NVIDIA Corporation (NASDAQ: NVDA) from last week.

Perhaps the most interesting development though is how ASX investors are treating Coinbase Global. Last week's data covered the first week of Coinbase's US listing (it IPOed on the Nasdaq on 14 April). Then, we discussed how Coinbase was the most traded US share by a mile, with 98% of trades' being 'buys'. Well, it's only been 2-and-a-bit weeks and apparently, some investors are already looking to cash out. Sell trades for Coinbase were up to 18% last week, which is sad for the sellers seeing as the company's shares haven't really stopped falling since its explosive IPO.

But electric vehicle and battery manufacturer Tesla is back on top after being briefly usurped from its throne last week. Investors are still net-buying Tesla, despite the Tesla stock price falling ~9% since 13 April. Tesla's Chinese EV rival Nio is back in the top 5 as well after dropping out last week. Nio has bounced over the second half of the month – up more than 15% since 15 April.

Finally, it's worth noting that Apple was also seeing some significant selling pressure with 42% of investors cashing out last week. They might be regretting that decision today, in light of Apple's well-received quarterly results that were released this morning.

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 Coinbase Global, Inc. and Tesla. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of and recommends Alibaba Group Holding Ltd., Amazon, Apple, Microsoft, NIO Inc., NVIDIA, and Tesla. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of Palantir Technologies Inc and recommends the following options: long January 2022 $1920 calls on Amazon, short March 2023 $130 calls on Apple, short January 2022 $1940 calls on Amazon, and long March 2023 $120 calls on Apple. The Motley Fool Australia has recommended Amazon, Apple, and NVIDIA. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Share Market News

A cute little kid in a suit pulls a shocked face as he talks on his smartphone.
Share Market News

Telstra share price hits 8-year high amid a lacklustre trading week

The ASX 200 communications services sector was the best performer last week, rising 2.96%.

Read more »

share buyers, investors, happy investors
ETFs

How I would build a $100,000 portfolio with ASX ETFs today

You don't need more than three ETFs to build a diversified portfolio...

Read more »

A young man pointing up looking amazed, indicating a surging share price movement for an ASX company
Broker Notes

These ASX 200 shares could rise 20% to 100%

Analysts are expecting these shares to deliver big returns over the next 12 months.

Read more »

Three people in a corporate office pour over a tablet, ready to invest.
Broker Notes

Top brokers name 3 ASX shares to buy next week

Brokers gave buy ratings to these ASX shares last week. Why are they bullish?

Read more »

The silhouettes of ten people holding hands with their arms raised against the sky, as the sun rises or sets in the background.
Share Gainers

Here are the top 10 ASX 200 shares today

ASX shares finished the trading week on a high this Friday.

Read more »

A businessman stacks building blocks.
Technology Shares

6% gain! What's up with Block shares today?

Block shares are up more than 34% since 2 May.

Read more »

Broker looking at the share price.
Broker Notes

Brokers name 3 ASX shares to buy today

Here's why brokers are feeling bullish about these three shares this week.

Read more »

A young man punches the air in delight as he reacts to great news on his mobile phone.
Share Gainers

Why ARB, Block, Mayne Pharma, and Paladin Energy shares are charging higher today

These shares are having a strong finish to the week. But why?

Read more »