TIM Report: Sentiment Becomes More Bullish, with WU and DRYS As Longs, X and MS As Shorts

According to the recent TIM (Trade Ideas Monitor) report and the TIM Sentiment Index (TSI), institutional brokers increased 4.5% from 51.70 to 54.03 (see previous post or youDevise website for additional information on the TIM report). For the five trading days ending July 9th, the number of new long ideas as a percentage of new ideas sent to investment managers increased to 74.10% from 60.84% one week earlier (see last week's post). While the intra-week trend did fall, it later rebounded. To date, longs represent 58.64% of all ideas this year.

As for individual securities in the U.S. and North America, Western Union (WU) and DryShips (DRYS) were the stocks most recommended as longs by institutional brokers, while U.S. Steel (X) and Morgan Stanley (MS) were most recommended as shorts. The information technology, materials, and consumer discretionary sectors had increased broker sentiment for the week, while health care and energy had decreased sentiment.