DIRS.INFO The most relevant business & tech news

☆ Retail investor risk appetite improves with AI stocks leading
▼ + stars: | 2023-02-14 | by ( Saqib Iqbal Ahmed | ) www.reuters.com time to read: +5 min

Retail investors had a poor year in 2022, with the average portfolio ending the year down around 35% from all-time highs, Vanda Research previously estimated. However, retail investors have shown renewed interest in the early part of 2023. Meanwhile, shares of early meme stocks GameStop (GME.N) and AMC Entertainment (AMC.N) have pared some losses after last year's tumble. "Investor enthusiasm is also attracting short-sellers that are skeptical about some of the resulting valuations," said Evan Niu, an analyst at Ortex, which tracks real-time short interest data. AI software firm Veritone (VERI.O), SoundHound and BigBear.ai also show a pick up in short interest, Ortex data showed.

☆ Traders have lost $7.6 billion betting against Tesla over the past month as the stock has surged
▼ + stars: | 2023-02-13 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

Tesla has crushed short sellers over the past month as the stock soared 70%, according to S3 Partners. Hedge funds betting against Tesla lost $7.6 billion over the past 30 days, making it the least profitable short. Tesla stock has been on a tear so far this year after Musk cut prices and reiterated the company's growth targets. The swift one-month surge in Tesla stock has wiped out about half of the gains short-sellers made last year betting against the company. At the end of December, short-sellers had made a $15 billion profit in 2022, making Tesla the most profitable short of the year.

☆ Tesla stock is having a dominant start to 2023 and retail investors are loving it
▼ + stars: | 2023-02-10 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

Not that Elon Musk really needs more attention, but his company's stock warrants a look for a very successful six-week stretch. Last year, Tesla drew headlines for its roughly 65% stock decline. Bank of America strategists have forecasted that the move can ultimately boost sales volume, and Wedbush gave Tesla stock a 35% upside. And according to Vanda Research, retail investors' bullishness for Tesla is driving a FOMO Tesla trade that has pushed inflows from the cohort into the stock market at levels not seen since 2020. Alibaba stock price on Feb.10, 2023 Markets Insider10.

☆ 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.

☆ Retail investors flock to small-cap AI firms as Big Tech battles for share
▼ + stars: | 2023-02-07 | by ( Medha Singh | ) www.reuters.com time to read: +2 min

Feb 7 (Reuters) - Retail investors are piling into small-cap firms that employ artificial intelligence amid intensifying competition between tech titans Google parent Alphabet and Microsoft to secure leadership in the next big driver of growth. The $3-billion AI software firm C3.ai was the fifth most actively traded on Fidelity's platform for small investors on Monday, while drawing record daily retail inflows worth $31.4 million, as per Vanda Research. "Small-cap firms have AI as a much larger part of their business than the larger ones," said Matthew Tuttle, chief executive officer of Tuttle Capital Management on the reason behind retail investors' focus on the smaller firms. SoundHound AI (SOUN.O), which offers a voice AI platform services, and Thailand's security firm Guardforce AI (GFAI.O) have more than doubled so far this year, while analytics firm BigBear.ai gained nine-fold in value. Google-owner Alphabet Inc (GOOGL.O) on Monday said it would launch a chatbot service Bard and more artificial intelligence for its search engine as well as developers.

☆ Here's how to invest in the AI craze, according to ChatGPT
▼ + stars: | 2023-02-04 | by ( Carla Mozée | ) www.businessinsider.com time to read: +4 min

"There are several ways to invest in AI," ChatGPT answered. "Purchase shares of private AI companies," it also responded. ChatGPT's charm stems from its natural-language ability, so I asked it:What companies can I invest in for exposure to natural language processing? Microsoft (MSFT): Microsoft has a number of different NLP products, including Microsoft Cognitive Services and the Azure Machine Learning platform. But I asked ChatGPT anyway: Can I invest in ChatGPT?

☆ C3.ai surges 30% to cap off a winning week for many AI stocks and ETFs as ChatGPT frenzy spreads across the market
▼ + stars: | 2023-02-03 | by ( Carla Mozée | ) www.businessinsider.com time to read: +3 min

C3.ai shares soared Friday and were headed higher for the week alongside other AI-tied stocks and ETFsThe frenzy surrounding ChatGPT has contributed to C3.ai shares more than doubling in 2023. C3.ai climbed as much as 30% to $28.48 during Friday's session, notching a 52-week high for shares of the business AI software maker. "The hype surrounding Artificial Intelligence has spilled over into retail investments," said Vanda Research in a note Thursday. The stock's value has more than doubled in 2023, with this week's push coming after C3.ai said it would integrate ChatGPT into its lineup of AI tools. Among exchange-traded funds, the Global X Robotics & Artificial Intelligence ETF and the iShares Robotics and Artificial Intelligence ETF were up roughly 3% and 4% this week.

☆ Two uncertainties are the reason that OPEC is standing still, analyst says
▼ + stars: | 2023-02-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTwo uncertainties are the reason that OPEC is standing still, analyst saysVandana Hari of Vanda Insights discusses the outlook for oil prices and the factors that might affect it, such as Russia and China's reopening.

☆ Tesla Is Last Stronghold for Investors Buying the Dip in Tech Stocks
▼ + stars: | 2023-01-22 | by ( Hannah Miao | ) www.wsj.com time to read: 1 min

After a brutal year for technology stocks, individual investors have lost their appetite for buying the dip, with one notable exception. They are still scooping up shares of Tesla Inc. Individual investors’ net purchases of a basket of eight popular tech stocks hit a recent peak in November, before dropping sharply through the end of the year, according to Vanda Research. Buying has since picked up slightly in the new year as tech shares rebound.

☆ 2023 could be 'the year of the yen,' strategist says
▼ + stars: | 2023-01-16 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email2023 could be 'the year of the yen,' strategist saysViraj Patel, senior strategist at Vanda, discusses the "no brainer" trades he likes.

☆ Bed Bath & Beyond brings meme stocks back in vogue to start 2023
▼ + stars: | 2023-01-13 | by ( Medha Singh | ) www.reuters.com time to read: +2 min

Bed Bath & Beyond Inc is in talks with potential lenders and the discussions are also exploring potential takeover bids, Bloomberg reported on Thursday. The U.S. consumer price inflation report on Thursday bolstered growing belief that inflation has peaked, helping revive the rally in highly-shorted meme stocks after rising interest rates dimmed the appeal for speculative trading last year. "The rally in risk assets has carried meme stocks in its wake," said Jason Benowitz, senior portfolio manager at CI Roosevelt, adding that a sharp slide in stocks in the final month of 2022 and strong seasonality for January are also at play. Bed Bath & Beyond shares eased about 5% in pre-market trading on Friday. Bed Bath & Beyond market value over the past 12 monthsReporting by Medha Singh in Bengaluru; Editing by Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.

Jan 13 (Reuters) - Oil prices rose on Friday, set to gain more than 6% for the week, on solid signs of demand growth in top oil importer China and expectations of less aggressive interest rate rises in the United States. Brent crude futures rose by 5 cents to $84.08 a barrel by 0746 GMT, off a session low of $83.50. U.S. West Texas Intermediate (WTI) crude futures gained 13 cents to $78.52 a barrel after falling to $77.97 earlier in the session. Brent has jumped 6.7% so far this week and WTI is up 6.2%, recouping most of last week's losses. A weaker greenback tends to boost demand for oil, as it makes the commodity cheaper for buyers holding other currencies.

☆ The oil market has been almost entirely driven by sentiment, analyst says
▼ + stars: | 2023-01-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe oil market has been almost entirely driven by sentiment, analyst saysVandana Hari of Vanda Insights discusses China's reopening and outlook for the oil market in 2023.

☆ 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.

☆ 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.

☆ 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.

☆ Tesla has surpassed Apple as retail investors' favorite stock in 2022, research firm says
▼ + stars: | 2022-12-21 | by ( Carla Mozée | ) www.businessinsider.com time to read: +3 min

Tesla has become the most purchased single stock in 2022, edging out tech behemoth Apple, said research firm Vanda. Cumulative net retail purchases in Tesla stock exploded by 424% to $15.41 billion this year. Flows into Tesla stock picked up as the price has fallen during a historic sell-off. For its part, Apple stock has lost 23% during the year. But in singling out Tesla, Vanda pointed to its reach, saying the stock makes up about 11% of the average retail portfolio.

U.S. West Texas Intermediate (WTI) crude futures rose $1, or 1.31%, to $76.19 after climbing 90 cents on Monday. Oil prices have been buoyed by U.S. plans announced last week to buy up to 3 million barrels of oil for the Strategic Petroleum Reserve after this year's record release of 180 million barrels. A weaker dollar has also supported prices, making oil cheaper for those holding other currencies. "The oil demand outlook will be key for how high crude prices can go," he said, adding that clarity on that could prove elusive given mixed signals on the reopening of China's economy. While China has been relaxing pandemic restrictions, a surge in COVID-19 cases has been bearish for oil markets because of uncertainty over the country's economic recovery, said CMC Markets analyst Tina Teng.

☆ Oil prices edge higher; China COVID surge limits gains
▼ + stars: | 2022-12-20 | by ( Isabel Kua | ) www.reuters.com time to read: +2 min

SINGAPORE, Dec 20 (Reuters) - Oil prices inched higher on Tuesday, supported by a softer dollar and a U.S. plan to restock petroleum reserves, but gains were capped by uncertainty over the impact of rising COVID-19 cases in top oil importer China. U.S. West Texas Intermediate (WTI) crude futures rose 32 cents, or 0.4%, to $75.51 a barrel, after climbing 90 cents in the previous session. Oil prices have been buoyed by a U.S. plan announced last week to buy up to 3 million barrels of oil for the Strategic Petroleum Reserve following this year's record release of 180 million barrels from the stock. A weaker greenback has also supported prices, making oil cheaper for those holding other currencies. U.S. crude oil stocks were expected to have dropped last week by about 200,000 barrels, while gasoline and distillates inventories were seen higher, a preliminary Reuters poll showed on Monday.

☆ Main Street is buying stocks while Wall Street sells: What gives?
▼ + stars: | 2022-12-20 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

But not all traders are on the same ride — the large, institutional investors on Wall Street have shuffled away from markets while Main Street’s retail investors are still strapped in. But despite this year’s lackluster market, investors bought $800 billion of Exchange Traded Funds which are baskets of stocks typically purchased by retail investors. However, Main Street is holding on to its stocks while Wall Street is running for the hills. One simple explanation is that institutional investors are responsible for vast amounts of money that belong to other people. “Respect, for retail investors, is in short supply,” wrote Azalea Micottis at Informa Financial Intelligence, in a recent note.

☆ 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.

☆ Tax-loss selling in battered U.S. stocks could spur January snap-back
▼ + stars: | 2022-12-12 | by ( David Randall | ) www.reuters.com time to read: +4 min

Yet some investors are betting a number of those beaten-down stocks and possibly the broader market could snap back in January, once the selling period is over. DoubleLine founder Jeffrey Gundlach told CNBC on Wednesday that risk assets will likely rally in January once retail investors finish tax-loss selling. Strategists at Evercore wrote on Nov. 30 that they were "buyers of stocks whose 2022 Tax Loss selling pressure will soon abate." Investors appear to have already started selling underperforming shares. Private clients at BofA, for instance, sold nearly $1.4 billion of stocks in likely tax-motivated selling in November, up from roughly $800 million last year, and appear poised to continue that outsized rate of selling this month, the firm said.

☆ There are very few pockets of growth and optimism where oil demand is concerned, says analyst
▼ + stars: | 2022-12-12 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere are very few pockets of growth and optimism where oil demand is concerned, says analystVandana Hari of Vanda Insights says the gloomy scenario is "not all that surprising but it's probably overdone."

☆ Daily stock buying by retail traders is near its lowest point all year as caution builds ahead of the final Fed meeting of 2022
▼ + stars: | 2022-12-07 | by ( Carla Mozée | ) www.businessinsider.com time to read: +3 min

Risk-aversion toward stocks looks like it's setting in among retail investors as 2022 winds down. Average daily purchases have dropped to about $1 billion over the past month, around the year's lows, said Vanda Research. Flows "paint a picture of caution" before the last inflation report and Fed meeting in 2022. Tesla, however, remains a favorite among retail investors as the stock "continues to experience an incrementally higher flow of capital," said Vanda. Net retail purchases of Tesla stock were $666.3 million over a five-day period starting last week.

☆ China is snapping up Russian oil at the steepest discount in months as EU scrambles to keep a lid on Moscow's energy income
▼ + stars: | 2022-12-07 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

China is purchasing Russian crude at the steepest discounts in months, Reuters reported. "They don't really care about the price cap. While China has said it won't abide by the price cap on Russian oil that the G7 and EU imposed, it could give Moscow's customers more bargaining power in oil deals, according to analysts from Rystad Energy in a recent note. But for now, sources told Reuters that China-Russia oil traders were doing business as usual. "They don't really care about the price cap.

Search resuls for: "" Vanda"

25 mentions found