Most weeks, the Commonwealth Financial institution of Australia (ASX: CBA) CommSec brokering platform tells us the ASX and worldwide shares (which normally simply means US shares) which are the most well-liked with its Aussie prospects.
CommSec is likely one of the largest on-line brokers within the nation. As such, this knowledge will be an insightful indicator of funding developments within the Aussie market.
We have now already appeared on the most popular ASX shares today, so listed below are the highest 10 US shares CommSec prospects had been shopping for final week. This week’s data covers 25-29 January.
Most traded US shares on the ASX
- GameStop Corp (NYSE: GME) – representing 8.5% of complete trades with a 77%/23% buy-to-sell ratio.
- AMC Leisure Holdings Inc (NYSE: AMC) – representing 5% of complete trades with a 79%/21% buy-to-sell ratio.
- Tesla Inc (NASDAQ: TSLA) – representing 4.8% of complete trades with a 70%/30% buy-to-sell ratio.
- BlackBerry Ltd (NYSE: BB) – representing 3% of complete trades with a 78%/22% buy-to-sell ratio.
- Apple Inc (NASDAQ: AAPL) – representing 2.8% of complete trades with a 71%/29% buy-to-sell ratio.
- Nio Inc (NYSE: NIO)
- Nokia Oyj (NYSE: NOK)
- Palantir Applied sciences Inc (NYSE: PLTR)
- Bare Model Group Ltd (NASDAQ: NAKD)
- Microsoft Company (NASDAQ: MSFT)
What can we study from these trades?
Properly, my oh my, what an fascinating set of outcomes for final week. The very first thing to notice is that the long-time regents of this record in electrical automotive and battery producers Tesla and Nio have been usurped for one of many first instances in months. They’ve been changed with (time to get the elephant out of the room) GameStop and AMC.
GameStop, as you may already know by now, has been the discuss of the investing world over the previous week or so. Fuelled by a WallStreetBets-orchestrated short-squeeze, GameStop inventory rocketed greater than 300% final week, sparking a hurricane of investor curiosity. You’ll be able to learn extra about the whole saga here, however let’s simply say it was no shock GameStop topped the record.
Nonetheless, the GameStop state of affairs has opened the floodgates to a raft of shares that FOMO-riddled buyers have additionally focused.
AMC (a struggling cinema chain), BlackBerry (the struggling cellphone firm) and Nokia (see earlier firm) all unexpectedly make the record this week as properly, displacing outdated favourites like Amazon.com Inc (NASDAQ: AMZN) and ARK Innovation ETF (NYSE: ARKK).
There is just one rationalization for this – buyers are consuming the WallStreetBets Kool-Help and hoping for a repeat efficiency with these different ‘sundown’ corporations. Regardless of this, buyers evidently haven’t completely misplaced their urge for food for US blue-chip shares like Apple and Microsoft. The extra issues change, the extra they keep the identical!
The place to speculate $1,000 proper now
When investing knowledgeable Scott Phillips has a inventory tip, it will probably pay to pay attention. In any case, the flagship Motley Idiot Share Advisor publication he has run for greater than eight years has supplied 1000’s of paying members with inventory picks which have doubled, tripled or much more.*
Scott simply revealed what he believes are the five best ASX stocks for buyers to purchase proper now. These shares are buying and selling at dirt-cheap costs and Scott thinks they’re nice buys proper now.
*Returns as of June thirtieth
John Mackey, CEO of Entire Meals Market, an Amazon subsidiary, is a member of The Motley Idiot’s board of administrators. Teresa Kersten, an worker of LinkedIn, a Microsoft subsidiary, is a member of The Motley Idiot’s board of administrators. Sebastian Bowen owns shares of Tesla. The Motley Idiot Australia’s mother or father firm Motley Idiot Holdings Inc. owns shares of and recommends Amazon, Apple, Microsoft, and Tesla. The Motley Idiot Australia’s mother or father firm Motley Idiot Holdings Inc. owns shares of Palantir Applied sciences Inc and recommends the next choices: lengthy January 2022 $1920 calls on Amazon and quick January 2022 $1940 calls on Amazon. The Motley Idiot Australia has advisable Amazon and Apple. The Motley Idiot has a disclosure policy. This text comprises normal funding recommendation solely (beneath AFSL 400691). Authorised by Bruce Jackson.