Investors buying individual stocks at record pace due to market gains concentrating in fewer companies

From Yahoo Finance: 2024-07-13 18:24:17

Investors are turning to individual stock picks as market gains concentrate in fewer companies. Bank of America data shows clients were net buyers of U.S. equities last week, with a $6.1 billion inflow and record single-stock purchases. All client groups were buying, except in energy. The surge in stock picking contrasts with passive investing trends, driven by high-flying tech giants like Nvidia. Finding stocks outperforming the market is increasingly difficult, with less than 25% of S&P 500 stocks beating the index. Investing now boils down to tech preference.



Read more at Yahoo Finance: Investors are buying individual stocks at a record pace as market-beating bets dwindle to lowest ever