TD Ameritrade Investor Movement Index: D.C. & the Dow Drove Activity in January
February 06 2017 - 12:30PM
Business Wire
Retail investors were net buyers amid
inauguration & index highs
TD Ameritrade, Inc. (“TD Ameritrade”), a broker-dealer
subsidiary of TD Ameritrade Holding Corporation (Nasdaq: AMTD), is
today releasing the Investor Movement Index® reading for January
2017.
This Smart News Release features multimedia.
View the full release here:
http://www.businesswire.com/news/home/20170206005852/en/
TD Ameritrade's January IMX (Graphic: TD
Ameritrade).
The Investor Movement Index, or the IMXSM, is a proprietary,
behavior-based index created by TD Ameritrade that aggregates Main
Street investor positions and activity to measure what investors
are actually doing and how they are positioned in the markets.
The January 2017 Investor Movement Index for the four weeks
ending January 27, 2017, reveals:
- Reading: 5.71 (compared to 5.48 in
December)
- Trend direction: Positive
- Trend length: 1 month
- Score relative to historic ranges:
High
The IMX increased 4.20 percent as the major indices marched to
new all-time highs and the Dow Jones Industrial Average finally
closed above its much-anticipated 20,000 milestone. TD Ameritrade
clients were net buyers of equities and increased their equity
exposure throughout the month.
“As markets pressed to new record levels in January, retail
investors continued to look for opportunities to rotate into,” said
Nicole Sherrod, Managing Director of the Trader Group. “They took
profits on some stocks, but overall they increased their exposure
to the markets. And looking ahead, there are still plenty of big
names left to report this earnings season and retail investors are
watching closely.”
TD Ameritrade clients were net buyers of banks in the January
IMX period. JP Morgan Chase & Company (JPM) and Bank of America
Corp. (BAC) were both net buys as they recently beat earnings and
benefitted from rising interest rates. Nvidia Corp. (NVDA) was a
net buy for the second month in a row as shares appeared to
stabilize following a volatile December. Teva Pharmaceutical
Industries Ltd. (TEVA) and Dry Ships Inc. (DRYS) were also net
buys, both of which have seen recent volatility. Net buying
continued in Amazon.com Inc. (AMZN) as well. Additional popular
names bought included Chesapeake Energy Corp. (CHK) and Macy’s,
Inc. (M).
Apple Inc. (AAPL) was once again net sold during the January IMX
period as the stock reached a new 52-week high. Tesla Motors, Inc.
(TSLA) and Alcoa Corp. (AA) were also net sold as their share
prices posted significant increases during the period. Walt Disney
Co. (DIS) and Yahoo! Inc. (YHOO) were net sold as each reached new
year-to-date highs in January. Chipotle Mexican Grill, Inc. (CMG)
and Alibaba Group Holding Ltd. (BABA) were both net sold following
share price increases after volatility over the past few months.
Additional popular names sold include Kinder Morgan Inc. (KMI),
Arconic Inc. (ARNC) and ConocoPhillips Corp. (COP).
About the IMX
The IMX value is calculated based on a complex proprietary
formula. Each month, TD Ameritrade pulls a sample from its client
base of 6 million funded accounts, which includes all accounts that
completed a trade in the past month. The holdings and positions of
this statistically significant sample are evaluated to calculate
individual scores, and the median of those scores represents the
monthly IMX.
For more information on the Investor Movement Index, including
historical IMX data going back to December 2010; to view the full
report from January 2017; or to sign up for future IMX news alerts,
please visit www.tdameritrade.com/IMX. Additionally, TD Ameritrade
clients can chart the IMX using the symbol $IMX in either the
thinkorswim® or TD Ameritrade Mobile Trader platforms.
Inclusion of specific security names in this commentary does not
constitute a recommendation from TD Ameritrade to buy, sell, or
hold.
Past performance of a security, strategy, or index is no
guarantee of future results or investment success.
Historical data should not be used alone when making investment
decisions. Please consult other sources of information and consider
your individual financial position and goals before making an
independent investment decision.
The IMX is not a tradable index. The IMX should not be used as
an indicator or predictor of future client trading volume or
financial performance for TD Ameritrade.
For the latest TD Ameritrade news and information, follow the
company on Twitter, @TDAmeritradePR.
Source: TD Ameritrade Holding Corporation
About TD Ameritrade Holding CorporationMillions of
investors and independent registered investment advisors (RIAs)
have turned to TD Ameritrade’s (Nasdaq:
AMTD) technology, people and education to
help make investing and trading easier to understand and do. Online
or over the phone. In a branch or with an independent RIA.
First-timer or sophisticated trader. Our clients want to take
control, and we help them decide how – bringing Wall
Street to Main Street for more than 40 years.
TD Ameritrade has time and again been recognized as a
leader in investment services. Please visit
TD Ameritrade's newsroom or www.amtd.com for
more information, or read our stories at Fresh Accounts.
Brokerage services provided by TD Ameritrade, Inc., member FINRA
(www.FINRA.org)/SIPC (www.SIPC.org).
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version on businesswire.com: http://www.businesswire.com/news/home/20170206005852/en/
TD Ameritrade Holding CorporationFor Media:Kim Hillyer,
402-574-6523Communications & Public
Affairskim.hillyer@tdameritrade.com@TDAmeritradePRorFor
Investors:Jeff Goeser, 402-597-8464Investor Relations &
Financejeffrey.goeser@tdameritrade.com
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