6 Stocks Retail Traders Sold Into Friday's 1,100-Point Nasdaq Rout - Amazon (NASDAQ:AMZN), Credo Tech
Benzinga
Last updated: June 9, 2026
Amidst a significant Nasdaq downturn, retail traders showed a tendency to "buy the dip." However, data from Robinhood's most-traded stocks on June 5 reveals a more nuanced strategy, indicating a rotation away from certain high-performing tech stocks.
- Retail investors exhibited selective buying, with six stocks experiencing net selling despite the overall "buy the dip" sentiment.
- The Magnificent Seven, excluding Tesla, Nvidia, and Meta, saw Amazon, Microsoft, and Alphabet being sold more than bought, with buy/sell ratios below 1.0x.
- ServiceNow and Credo, despite prior positive buy ratios, experienced sharp reversals, suggesting profit-taking rather than new investment.
- This pattern indicates a rotation of retail money away from mega-cap software and cloud companies that had previously seen significant gains.
- Instead, investors shifted towards hardware and AI infrastructure stocks that appeared undervalued after the market drop.
- The article questions whether this rotation will be sustained, but highlights that major tech stocks were not favored by retail traders during this particular trading session.
