UBS released its monthly list of which stocks are the most crowded trades in the stock market right now.
UBS: Here are the 10 most crowded bets in the stock market right now
Stock trading is becoming more and more computerized, but mob mentality still has huge psychological effects on markets.
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As a stock's price climbs higher, investors clamor to gain a piece of the action. But this mob mentality can be disastrous when the prices eventually turn negative once again.
The bank calculated which stocks were overcrowded by comparing institutional ownership data from FactSet and aggregate positions of global active managers against the relative equity benchmark to form what it calls the “active weight.”
This months list spans from new tech stars like Alibaba, to the usual suspects like Alphabet and Microsoft, and even to insurance.
Here’s UBS’ list of the most overcrowded stocks in the market as of August 21:
10. Medtronic
Ticker:MDT
Investor Weight: 0.4%
Active Weight: 0.1%
WoW Change: Flat
Source: FactSet, MSCI, UBS Quantitative Research
9. Comcast Corp.
Ticker:CMCSA
Investor Weight: 0.6%
Active Weight: 0.1%
WoW Change: Flat
Source: FactSet, MSCI, UBS Quantitative Research
8. Alphabet Inc. Class C
Ticker:GOOG
Investor Weight: 0.8%
Active Weight: 0.1%
WoW Change: Flat
Source: FactSet, MSCI, UBS Quantitative Research
7. Priceline Group
Ticker:PCLN
Investor Weight: 0.3%
Active Weight: 0.1%
WoW Change: Down
Source: FactSet, MSCI, UBS Quantitative Research
6. Visa Inc. Class A
Ticker:V
Investor Weight: 0.6%
Active Weight: 0.2%
WoW Change: Up
Source: FactSet, MSCI, UBS Quantitative Research
5. Broadcom
Ticker:AVGO
Investor Weight: 0.4%
Active Weight: 0.2%
WoW Change: Up
Source: FactSet, MSCI, UBS Quantitative Research
4. Microsoft
Ticker:MSFT
Investor Weight: 1.5%
Active Weight: 0.2%
WoW Change: Up
Source: FactSet, MSCI, UBS Quantitative Research
3. UnitedHealth
Ticker:UNH
Investor Weight: 0.6%
Active Weight: 0.2%
WoW Change: Down
Source: FactSet, MSCI, UBS Quantitative Research
2. Alibaba
Ticker:BABA
Investor Weight: 0.7%
Active Weight: 0.2%
WoW Change: Up
Source: FactSet, MSCI, UBS Quantitative Research
1. Aflac
Ticker:AFL
Investor Weight: 0.4%
Active Weight: 0.3%
WoW Change: Down
Source: FactSet, MSCI, UBS Quantitative Research
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