The Kobeissi Letter|Jul 16, 2026 16:02
Retail is cashing-in tech profits:
Retail investors sold -$125 million in SanDisk, SNDK, stock last week, the largest sale among any stock.
This was followed by Apple, AAPL, at -$120 million, and Tesla, TSLA, at -$105 million.
Furthermore, retail investors sold -$65 million in Nvidia, NVDA, -$40 million in American Airlines, AAL, and -$22 million in Meta, META.
This brings 2-week retail sales volume in TSLA and AAPL up to -$200 million.
Meanwhile, the total retail turnover in single stocks rose to a record $370 billion, up from $220 billion at the start of 2026.
Retail investors are locking in gains following a historic tech rally.(The Kobeissi Letter)
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