30 Sep 2022
Shares of Apple and Tesla are becoming increasingly important to the portfolio performance of retail investors, and any stumble in those two stocks could set off a new wave of selling, according to Vanda Research.
The firm estimates that combined, Apple and Tesla account for 34% of the average retail investors' stock portfolio. That concentration has actually helped retail investors performance, as both Apple and Tesla have outperformed the S&P 500 considerably year-to-date and over the past year.
Vanda believes the outperformance has been driven by Apple's status as a defensive, high quality company favored by institutional investors, while Tesla's meteoric rise over the past few years has attracted a large retail shareholder base and has led institutions to be weary of shorting the electric vehicle maker.To read full article, please click here