TIM Report: Sentiment Becomes More Bearish, with DGI, FCS, and AMD as Recommended Shorts

According to the recent TIM (Trade Ideas Monitor) report, the TIM Sentiment Index (TSI) decreased 5.3% week-over-week from 54.03 to 51.19 (see previous post, youDevise website for additional information on the TIM report). For the five trading days ending July 16th, the number of new short ideas as a percentage of new ideas sent to investment managers increased to 38.63% from 25.90% one week earlier (see last week's post). To date, shorts represent 35.27% of ideas in July, and 41.14% of this year.

As for individual securities in the U.S. and North America, Johnson & Johnson (JNJ), Kraft (KFT), and Intel (INTC) were the stocks most recommended as longs by institutional brokers, while DigitalGlobe (DGI), Fairchild Semiconductor (FCS), and Advanced Micro Devices (AMD) were most recommended as shorts. The materials, industrials, and health care sectors had increased broker sentiment for the week, while consumer staples, utilities, and telecommunications had decreased sentiment.