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.
Source: finance.yahoo.com
Related posts:
China's economy is flailing. Here's how its problems could spill into global markets.
JPMorgan Says Dovish Fed Could Spark 10% S&P Rally
Inflation: The Fed's hawkish stance risks 'overkill,' economist says
3 Top Stocks to Be Thankful for This Year
Forget fourth stimulus — these stocks offer income checks growing as fast as 11%