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Norwegian Cruise, Etsy Top UBS List of Retail-Favored Stocks

Others on the list include AMD, United, Royal Caribbean, Nvidia, MGM Resorts, Tesla, Macy's, Occidental Petroleum and APA.
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UBS has compiled a list of stocks favored by retail investors that it believes will keep rising, including Norwegian Cruise Line  (NCLH) - Get Free Report, Etsy  (ETSY) - Get Free Report and Advanced Micro Devices  (AMD) - Get Free Report.

The bank filtered for variables including retail trade flows, call and put imbalances based on weekly expirations and Twitter sentiment.

“Aggregating these metrics into a single retail score, we find that these variables combined can provide a useful signal for future stock returns,” UBS equity strategist Keith Parker wrote in a report cited by CNBC.

Stocks with retail rankings in the top percentile have historically outperformed those in the bottom two percentiles by an average of 5.5% over the following three months, UBS found.

“Retail participation remains elevated despite the lapsing of stimulus and reopening of the economy,” Parker said, adding that retail trading volume is up 80% from three years ago.

Norwegian Cruise and Etsy topped the UBS list with retail signal scores of 100%. Next came AMD at 99%, United Airlines  (UAL) - Get Free Report at 98%, Royal Caribbean Cruises  (RCL) - Get Free Report at 98%, Nvidia  (NVDA) - Get Free Report at 98%, MGM Resorts  (MGM) - Get Free Report at 98%, Tesla  (TSLA) - Get Free Report at 97%, Macy's  (M) - Get Free Report at 97%,

Occidental Petroleum  (OXY) - Get Free Report at 97%, APA  (APA) - Get Free Report at 97%, Dick's Sporting Goods  (DKS) - Get Free Report at 97%, PVH  (PVH) - Get Free Report at 96%, Clorox  (CLX) - Get Free Report at 96%, Boeing  (BA) - Get Free Report at 96% and Southwest Airlines  (LUV) - Get Free Report at 96%.

Norwegian Cruise recently traded at $23.21, up 0.51%; Etsy at $288.47, down 2%; AMD at $160.65, up 3%; United at $46.90, up 2%; Royal Caribbean at $80.80, up 0.41%; and Nvidia at $344, up 4%.