TIM Report: Brokers Still Cautious, with MDSO, BJ, and AA as Longs, FSLR, BRCD, and LVS as Shorts

According to the recent TIM (Trade Ideas Monitor) report for August 20th, the TIM Sentiment Index (TSI) in North America was 50.37, down 1.76 points, right near the critical 50 mark (see last post, and previous post and the youDevise website for additional information on the TIM report). The TSI Worldwide Index was down marginally. Total new long ideas as a percentage of all new ideas sent to investment managers by way of the TIM decreased 3.15 points to 62.53%.

As for individual securities in the U.S. and North America, Medidata Solutions (MDSO), BJ's Wholesale Club (BJ), and Alcoa (AA) were stocks with long broker sentiment, while First Solar (FSLR), Brocade Communications (BRCD), and Las Vegas Sands (LVS) had short broker sentiment. In general, the materials, telecommunication services, and energy sectors had long broker sentiment, while the consumer staples, industrials, and consumer discretionary sectors had short broker sentiment.