TIM Report: Sentiment Unsure, As Index Remains Close to 50

According to the recent TIM (Trade Ideas Monitor) report, the TIM Sentiment Index (TSI) decreased 0.3% week over week to 51.06, after decreasing 5.3% from 54.03 to 51.19 one week earlier (see last week's post, and previous post and the youDevise website for additional information on the TIM report). The TSI remained close to the neutral 50 value all week. Nonetheless, for the five trading days ending July 23rd, the number of new long ideas as a percentage of new ideas sent to investment managers did increase to 71.74% from 61.37% one week earlier. To date, longs represent 64.23% of ideas in July and 58.98% this year.

As for individual securities in the U.S. and North America, Phillips-Van Heusen (PVH), Darden Restaurants (DRI), and Potash (POT) were stocks recommended as longs by institutional brokers, while Qualcomm (QCOM), Perrigo (PRGO), and Williams-Sonoma (WSM) were recommended as shorts. The consumer discretionary, consumer staples, and energy sectors had long broker sentiment for the week, while information technology, health care, and utilities had short sentiment.