Retail traders bought billions of dollars worth of cash equities over the past week on net, according to data compiled by JPMorgan's Peng Cheng.
With those gains, he said traders bought into Apple and Alphabet , which have both largely sat out of the broader market rally this year.
By comparison, investors bought more than half a billion dollars of Alphabet when accounting for outflows.
Neither tech stock made the list of top 25 securities by retail net inflows in the previous week.
Outside of big tech, Cheng noted that retail investors snapped up shares of beat-down Boeing , which is facing a crisis surrounding its 737 Max 9s after a door panel blew out midflight.
Persons:
JPMorgan's Peng Cheng, Cheng, SPX, Max, LSEG
Organizations:
Retail, Nvidia, Meta, Apple, Trust, outflows, Boeing, Dow Jones, Broadcom, Costco
Locations:
Japan