Retail Flows October 13

Retail Flows October 13

Today on October 13 we are seeing the following stocks with unusual positive retail interest estimates; 

Positive Sentiment Highlights 

Today's notable new entrants in the list include JP Morgan Chase (JPM) and Disney (DIS)

JPM likely got on the list due to a positive earnings report which saw the bank post smaller provisions for loan losses. Redditors were interested in all of the bank earnings coming in the next few days. 

DIS is on the list due to the announced reorganization that made everyone curious about what it means for the stock in the future. On Reddit retail investors quickly started to discuss the positive after-hours performance and how their long positions will benefit. They also proposed the reason why DIS went up.

Mention cloud anything and your stock moon. I’m long Disney via call and will dump it 1st thing morning looking to buy back when it retrace.

On Twitter, the discussion was a bit more balanced as seen below.

Even though Ross Gerber did not forget to chime in.

Draft Kings (DKNG), an $18.84bn betting company, also still dominates the list even though the share price has suffered in the past few days. The interest in the stock continues to be strong likely due to some investors now thinking the downturn in the share price could create a buying opportunity. In any case, this was the logic of one sell-side analyst who might have spurred further interest in the stock.

Redditors also wondered whether the entry point is now favourable. However, even on Reddit, some were sceptical about the valuation of the firm in the midst of the pandemic with one contributor raising the point about DKNG's PE. 

Now it’s only 1050 PE. What a bargain!

Dominant retail selling pressure

Finally, we mention tickers with estimated dominant retail selling pressure: Microsoft (MSFT), Apple (AAPL), Tesla (TSLA), J&J (JNJ)

In terms of the three tech giants, it seems the retailers might be closing out some of their positions. In AAPL the selling likely came after yesterday's stellar performance. This has been suggested on Reddit. The same goes for MSFT. In the case of TSLA, there does not seem to be a clear reason for the selling sentiment to be present apart from profit-taking. 

Lastly, in JNJ the selling is likely here due to the news about their vaccine for COVID19 and the new issues. 


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* Note: Presented data and analytics is as of available on 2020-10-13, UTC 13:00.

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