Investors Increase Weight In Tesla Motors, Reduce In Linkedin, Amazon

Investors seem to be less interested in European stocks these days, according to a global stock positioning analysis of fund managers conducted by Bank of America Merrill Lynch. Among U.S. stocks, LinkedIn, Amazon and Servicenow went under largest negative changes in average weight, whereas NXP Semiconductor, Amgen and Tesla Motors made the biggest positive changes in positioning over a three-month period. On a global positioning scale, the U.S. is the most underweight, but Europe’s popularity is also quickly losing steam. BAML notes that despite the lower average weighting in U.S. stocks, it should be considered in better light as the earnings cycle…