Retail Investors’ Return Offers Hope for Broader Group of Stocks
- Nvidia, Apple help amateurs reverse losses and start buying
- Vanda sees diversification but meme-stock mania ‘unlikely’
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Remember the meme-stock mania of nine months ago? Get ready for a broader, albeit less intense, version in the final months of 2021.
Vanda Research analysts, who track retail investment flows in the U.S., say individual investors are likely to step up purchases of a more-diverse group of shares. One reason is retail portfolios recently overcame a 50% underperformance gap relative to the S&P 500 thanks to rallies in favorites like Nvidia Corp., Apple Inc. and more speculative plays, according to a report from Vanda’s Ben Onatibia and Giacomo Pierantoni .