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☆ Retail traders cash out as market rallies on bets of end to rate hikes
▼ + stars: | 2023-11-16 | by ( Medha Singh | ) www.reuters.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 29, 2023. Retail traders, who used to band together on online platforms to chase highly shorted shares during the days of easy money, have been seeing a reversal of fortunes as rising rates diminish their holdings in high-risk, high-return assets. "Seasonality suggests that retail investors are unlikely to support any year-end rally, except for big-tech," Vanda's Mantle said. Despite their overall slow buying, there were spurts of activity where retail traders chased sharp rallies in some small cap names - a typical trading strategy. "If we don't get any follow through it would be hard to say we've got retail traders back in the game," said Paul Nolte, senior wealth advisor and market strategist at Murphy & Sylvest Wealth Management.

Persons: Brendan McDermid, Vanda, Morgan, Lucas Mantle, Vanda's Mantle, Paul Nolte, Medha Singh, Arun Koyyur Organizations: New York Stock Exchange, REUTERS, Vanda Research, Retail, P Global Market Intelligence, Murphy, Sylvest Wealth, Thomson Locations: New York City, U.S, Bengaluru

☆ This individual investor favorite has endured even as other meme stocks fell from favor
▼ + stars: | 2023-09-17 | by ( Alex Harring | ) www.cnbc.com time to read: +5 min

Retail traders have made the leap from so-called meme stocks , including GameStop and AMC , over the past few years. All the while, Tesla inflows from retail traders have mostly climbed in the past half decade, according to data analyzed by Vanda Research. "It's a growth stock, but it's really a hopes-and-dreams stock," said Irwin, who covers Tesla and other clean technology stocks. Tesla's climb also comes amid a broader buy in from retail investors in their favorites. "This is probably a golden era for Tesla," Irwin said.

Persons: Tesla, —, Roth, Craig Irwin, Irwin, it's, Elon Musk, Ford, hasn't, Dan Levy, Toyota's Organizations: GameStop, AMC, Vanda Research, Trust, General Motors, Barclays, Toyota Locations: Wall, U.S, China, Europe

Here are some charts illustrating what has changed, and what has not, in meme stocks. Data from JPMorgan illustrate how quickly sentiment can turn among individual investors, who have been among the key drivers of moves in meme stocks. Retail investors sold a net $852 million in single stocks in the past week. The Roundhill MEME ETF (MEME.P), which tracks the performance of a basket of meme stocks, is down about 55% from where it started trading in December 2021, though up about 38% for the year. A quick rise, often followed by a rapid descent, is a fate common to meme stocks of both the past and present.

Persons: Brendan McDermid, Marco Iachini, Vanda's, Iachini, Jonathan Krinsky, Tupperware, Saqib Iqbal Ahmed, Laura Matthews, Ira Iosebashvili, Jamie Freed Organizations: New York Stock Exchange, REUTERS, GameStop, Tupperware Brands, Corp, JPMorgan, Vanda Research, Retail, Global, Reuters, AMC Entertainment, Thomson Locations: New York City, U.S

☆ Analysis: Bond markets reckon a central bank policy error is on the cards
▼ + stars: | 2023-07-03 | by ( Yoruk Bahceli | ) www.reuters.com time to read: +6 min

"We are positioned for a very big bond rally, and we think that risky assets are completely underestimating the risk of a recession or something nasty happening," he added. (.MERW0G1)An early sign that the bond outlook is improving came last week with data showing euro zone business growth stalled in June. In response, German bond yields, which move inversely to prices, posted their second biggest daily drop since March. But highlighting how hard economic data has become to read, higher-than-expected U.S. first quarter growth and German inflation sent yields surging on Thursday. Major central banks fighting a surge in inflation have collectively raised borrowing costs by over 3,750 bps since September 2021.

Persons: Jason Reed, Mike Riddell, Viraj Patel, Vanda's Patel, BoE, Urban, Jill Hirzel, Dhara Ranasinghe, Harry Robertson, Catherine Evans Organizations: U.S . Federal, REUTERS, Bond, U.S, Federal Reserve, European Central Bank, Bank of England, Reuters, Allianz Global Investors, Vanda Research, Deutsche Bank, General Investment Management, Insight Investment, Thomson Locations: Washington, hawkish, Canada, Britain, Norway, Sintra, Germany, United States, U.S

☆ Retail traders are taking profits on A.I. Here’s what they are selling
▼ + stars: | 2023-06-16 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +1 min

Retail investors may be getting cold feet about the dramatic rise in recent months for stocks tied to artificial intelligence. Vanda Research Senior Vice President Marco Iachini said in a note to clients Thursday that retail traders were trimming their positions in a few hot stocks. "Retail traders look to have taken some profits as share prices continued rallying. However, retail investors have sought to lock in some profits, especially in popular smaller-cap names like [ C3.ai] and [ Palantir ]," the note said. Nvidia is still seeing strong inflows, and Tesla has been the most popular stock for retail traders recently.

Persons: Marco Iachini, Palantir, Vanda, Tesla Organizations: Vanda Research, Nvidia Locations: U.S

☆ AI hype driven by names like Nvidia is finally luring retail investors back into the stock market
▼ + stars: | 2023-06-08 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Retail investors have finally returned to the stock market, lured by the AI hype, Vanda Research said. The firm said retail investors helped drive a daily average flow of $1.36 billion into the stock market over the past week. The hype in artificial intelligence stocks like Nvidia, combined with the resolution of the US debt ceiling last week helped finally push retail investors back into the stock market. AI stocks should also see continued buying pressure from retail investors in the coming weeks, according to the note, and there's still room to run as retail investors buying activity has not yet reached worrying levels. Ultimately, the return of the retail investor to the stock market should help drive stock prices higher despite worries of a looming recession and frothy valuations from more bearish investors, according to Vanda.

Persons: Vanda, Giacomo Pierantoni, there's, Pierantoni Organizations: Vanda Research, Morning, Nvidia

As billions of dollars have flooded into Big Tech over the last six weeks, bitcoin trading volumes and demand have slumped. Since April 25, the NYSE FANG+TM index of big tech and growth stocks has surged 24%, nearly three times the broader Nasdaq. The AI boom has gathered momentum despite the rise in bond yields and discount rates. This has highlighted bitcoin's underperformance and strongly suggests that outside the rarified world of Big Tech, investors are much more discerning. Indeed, just seven U.S. tech stocks have driven all of the positive S&P 500 returns so far this year, according to analysts at Barclays.

Persons: Crypto, Matt Weller, Weller, bitcoin, Vanda, Vanda's Marco Iachini, cryptocurrencies, Jamie McGeever, Sam Holmes Organizations: Nasdaq, NYSE, Reuters, Big Tech, Microsoft, Barclays, Vanda Research, Thomson Locations: ORLANDO, Florida, U.S

☆ Investors rush into A.I. stocks — Most of their top buys have already doubled this year
▼ + stars: | 2023-02-09 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Retail investors are pilling into artificial intelligence stocks, the latest craze to hit Wall Street, according to Vanda Research. Overall, aggregate inflows from retail investors over the past five trading days (ending Wednesday) have reached levels not seen since 2020-2021, the firm said. "We believe FOMO and momentum remain the main drivers of flows, meaning that retail investors remain susceptible to negative catalysts. However, interest in AI remains high as retail investors rotate into other AI-related small-cap stocks, he noted. Microsoft and Nvidia, already seeing a growing interest from retail investors, may also see investments pick up, according to Vanda.

☆ Tesla stock is showing signs of 'retail exhaustion' as it undergoes a historic sell-off, research indicates
▼ + stars: | 2023-01-05 | by ( Carla Mozée | ) www.businessinsider.com time to read: +3 min

Retail investors are beginning to reduce purchases of Tesla as the stock undergoes a historic sell-off. "We are seeing the first signs of retail exhaustion in TSLA," said Vanda Research in a weekly update published Thursday. Tesla stock was down during Thursday's session, by 3% at $110.10 each. While Tesla's stock price was under pressure last year, retail investors loaded up on the shares. Some investors and analysts said Tesla CEO Elon Musk's focus on his newly acquired Twitter and his multi-billion dollar sales of Tesla stock has hurt the car maker's shares.

☆ Tesla makes up 10% of the average retail portfolio as Main Street keeps faith in electric vehicle stock, Vanda Research says
▼ + stars: | 2022-12-01 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +2 min

The average retail investor has about a 10% allocation to Tesla, according to a Nov. 30 note from Vanda Research. Even though Tesla has lots of support from retail investors, Vanda thinks there may be trouble ahead for the automaker. "TSLA's price is dangerously close to summer 2020 levels – when most new positions were added post the stock split." In addition, Tesla's recent stock decline "coincides with an increase in the stock-on-loan value relative to the total retail holdings of the stock," Iachini added. "This metric may not necessarily equate to margin loans, but we believe it sensibly approximates retail investors' bullish positions on margin," Iachini said.

☆ Retail investors have bailed on most stocks except for these two 'last bastions'
▼ + stars: | 2022-09-28 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

The two stocks alone make up an estimated 34% of the average retail investor's holdings, he said. "A positioning puke in these two stocks could be the coup de grace for retail investors' PnL," Iachini, referring to an acronym used to describe an investor's profit-and-loss statement. He said Korean retail investors, who account for about 2% of Apple's retail holdings, selling off the news would likely mean forced liquidations. Why retail capitulation matters A new index from Vanda gauging retail capitulation, meaning the act of giving up on the market, has shown sentiment and hard money data has continued sliding. "This goes to show that retail investors' flows have been pivotal in cushioning the equity sell-off, in our view," he said.

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