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☆ Retail traders are bailing on 3 of the hottest AI plays in the stock market today
▼ + stars: | 2024-03-21 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

After subtracting for outflows, JPMorgan's Peng Cheng said retail traders poured nearly $450 million into single stocks over the last week. Nvidia , Advanced Micro Devices and Super Micro Computer were among the stocks seeing the largest net retail outflows in the week, JPMorgan found. Advanced Micro had retail net outflows of more than $800 million in the period, while investors sold Super Micro shares to the tune of $301 million, the firm said. Beyond AI stocks, Tesla was another one of those most sold names in the week with retail net outflows of more than $300 million, according to JPMorgan. Apple was the most bought stock by everyday investors in the week, clinching more than $1.4 billion, JPMorgan found.

Persons: JPMorgan's Peng Cheng, Cheng, Tesla Organizations: JPMorgan, Nvidia, Devices, Micro, AMD, Super Micro, LSEG, Tesla, Big Tech, Apple

☆ Retail traders are making some surprising moves in the latest week
▼ + stars: | 2024-03-14 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

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

☆ Regular investors are shedding mega-cap tech in this sell-off — especially one name
▼ + stars: | 2023-09-28 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Analyst Peng Cheng found the electric vehicle maker suffered the highest outflows of all individual stocks from retail investors in the past week. That's part of a bigger trend among individual investors of gradually selling mega-cap technology names, the analyst added. In the past week, retail investors pulled a net $411 million freom Tesla. Fellow mega-cap tech stocks Amazon and Meta Platforms were also among the most sold by individual investors last week. That means it would eclipse even the SPDR S & P 500 ETF Trust (SPY) , which tracks the S & P 500.

Persons: Tesla, Peng Cheng, TSLA, Cheng, they're, Vanda, — CNBC's Michael Bloom Organizations: JPMorgan, Nasdaq, Vanda Research, Trust, Wall

☆ Retail traders are dumping tech stocks, but loading up on this one big bank
▼ + stars: | 2023-04-20 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Retail traders may be selling tech stocks en masse, but they're spying opportunity in one major financial institution — Bank of America. Beneath the hood, however, retail traders are increasingly pivoting away from big tech names in favor of financials – suggesting a rotation between the biggest gainers and laggards in markets this year. Given this, here are 10 of the biggest stocks retail traders bought into this past week: Retail traders snapped up Bank of America shares, resulting in $82 million in net inflows, according to JPMorgan. American Airlines Group saw a big surge in retail trader interest, which saw a net $68 million in inflows. On the other hand, retail traders dumped some notable tech names such as Apple , with saw net selling of $190 million this past week.

Retail traders are beginning to buy the dip in some financial stocks that were hit hard during the banking crisis, according to JPMorgan. Strategist Peng Cheng said in a note to clients Wednesday evening that, while retail traders are pulling back from individual stocks in general, two financial names are surprisingly popular: Charles Schwab and Truist . "At the single stock level, retail traders net sold -$1.8B this past week. However, half of Wall Street analysts who cover Truist have a hold rating on the stock, according to Refinitiv. The majority of analysts who cover Schwab have a buy or strong buy rating on the stock, according to Refinitiv.

Investors know the event risk so they tighten controls, and are generally more cautious. Calendar event risk, or 'known unknowns,' may unleash market volatility, but investors can hedge or sit on the sidelines. chartNominal trading volumes in these contracts often spikes up on 'event days' like U.S. jobs and inflation data days. However, as a share of overall options turnover - which Cheng says is a better indication of potential market risk - many of the recent peaks have been on random 'non-event' days. chartHe and his colleagues estimate that the daily notional value of trading in '0DTE' options has grown to about $1 trillion.

☆ 0DTE options could turn 5% intraday market decline into 25% rout -JPMorgan
▼ + stars: | 2023-03-06 | by ( ) www.reuters.com time to read: +2 min

March 6 (Reuters) - Trading in new near-dated U.S. options contracts can supercharge volatility in U.S. stocks, potentially leading to tremendous intraday declines, analysts at JPMorgan said. The U.S. equity options market has seen a rise in the trading of options contracts set to expire at the end of the trading day - dubbed 0DTE (zero day to expiry) options - with their daily notional value rising to about $1 trillion, according to JPMorgan data. Their recent growth has been eyed as one cause of intraday volatility, with JPMorgan's Marko Kolanovic last month warning they could spark a massive volatility event under certain circumstances. Such a scenario could occur if the S&P 500 fell 5% in five minutes, triggering $30.5 billion in 0DTE option-related trading that would tack another 20 percentage points onto the index's decline, the bank’s analysts said. Furthermore, JPM noted that retail traders were not the main driver of volume growth in 0DTE options, with individual investors accounting for about 20% of the SPDR S&P 500 ETF Trust (SPY.P) options volume and only around 5% of the S&P 500 same-day options.

☆ Tesla is among the stocks that retail traders just dumped en masse
▼ + stars: | 2023-01-05 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

Retail traders unloaded $3.1 billion in assets this past week, making it the third worst week of net selling in history, according to JPMorgan. Overall, retail traders dumped $4.1 billion in single stocks. Tesla was hit particularly hard, with retail traders selling $811 million of the stock. Retail traders embraced the electric vehicle maker throughout the volatile year. However, some Wall Street analysts have pointed to his takeover of Twitter and his sale of 22 million Tesla shares as problematic for the stock.

☆ What retail investors are investing in and what to expect for 2023
▼ + stars: | 2022-12-25 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

It's been a tough year for retail investors — and it's not necessarily expected to get any easier in 2023. "Post-Covid overall net inflow of retail investors has tripled, and almost quadrupled, and stayed there." When it comes to individual stocks, retail investors are buying companies such as Tesla , Apple and Nvidia , according to Vanda Research. Retail investors will likely stick with their game plan into 2023, said Vanda Research's Iachini. "We struggle to see retail investors going back to speculation or doubling down on risky bets to try to make up their losses," he said.

☆ Retail investors turn to ETFs as recession fears knock down meme stocks
▼ + stars: | 2022-12-16 | by ( Medha Singh | ) www.reuters.com time to read: +4 min

Dec 16 (Reuters) - Retail investors are doubling down on Exchange Traded Funds (ETFs) as rising interest rates and volatile markets curb their appetite for risky assets such as meme stocks, SPACs and cryptocurrencies. On average, retail investors' portfolios are down about 39% in 2022 after recording gains of 18% in 2021, JPMorgan analysts Peng Cheng and Emma Wu said. The investment trend, however, is leaning more toward ETFs tracking broader markets and away from the meme stock frenzy of 2021 that saw retail investors banding together on social media forums to fuel eye-popping gains in GameStop (GME.N), AMC (AMC.N) and others. Retail investors' average daily trading volume in U.S. stocks has amounted to $13.8 billion so far in 2022, compared with $14.2 billion a year earlier, which was the peak of meme stock trading frenzy, according to the report. Meanwhile, the U.S. Securities and Exchange Commission on Wednesday voted to propose some of the biggest changes to American equity market structure in nearly two decades, aimed at boosting transparency and fairness while increasing competition for individual investors' stock orders.

☆ Retail traders have been selling into the rally, but they are buying two tech names
▼ + stars: | 2022-11-17 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Retail traders have dumped select big-name tech stocks in the past week, making it the biggest selling week since March 2020, according to JPMorgan. The sell-off followed last month's dismal earnings week for Big Tech as companies floundered due to slides in advertising revenue. On a net basis, retail investors sold $657 million in Amazon shares and $612 million in Apple, JPMorgan found. On a net basis, retail investors sold $408 million of the chipmaker's shares in the past week, according to JPMorgan. Meanwhile, retail investors were net buyers of Alibaba , snapping up $92 million in shares in the past week.

☆ Retail investors are dumping most of Big Tech except one stock
▼ + stars: | 2022-11-03 | by ( Michelle Fox | ) www.cnbc.com time to read: +1 min

Retail investors have been shunning most of Big Tech this past week, according to JPMorgan. Strategists at the bank led by Peng Cheng said retail investors dumped $130 million worth of Meta stock, sold $122 million of Amazon and $112 million of Apple. Cheng, JPMorgan's head of big data and artificial intelligence strategies, said the Google parent's stock saw a $137 million boost from retail investors. He also said Alphabet was "the most popular name" this past week. Overall, retail traders bought $2.2 billion in stocks and funds this past week, the second consecutive week of positive inflow, Cheng said.

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