TD Ameritrade Investor Movement Index: IMX Score Shows Positive Lift in May; Rebounding from the Prior Month
June 05 2017 - 12:30PM
Business Wire
Retail investors are net buyers for a fourth
consecutive month, favor leading Tech stocks
The May 2017 Investor Movement Index® gained momentum and jumped
up a percent from April’s pullback, coming in at 6.13, TD
Ameritrade, Inc. (“TD Ameritrade”), a broker-dealer subsidiary of
TD Ameritrade Holding Corporation (Nasdaq: AMTD) announced today.
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.
This Smart News Release features multimedia.
View the full release here:
http://www.businesswire.com/news/home/20170605005157/en/
TD Ameritrade May 2017 Investor Movement
Index (Graphic: TD Ameritrade).
The May 2017 Investor Movement Index for the four weeks ending
May 26, 2017, reveals:
- Reading: 6.13 (compared to 6.06 in
April)
- Trend direction: Positive
- Trend length: 1 month
- Score relative to historic ranges:
High
TD Ameritrade clients continued a four-month trend of overall
net buying during the May IMX period. Client accounts showed
increased equity exposure compared to the market, which was
bolstered by higher relative volatility in widely held names.
Market activity remained favorable during the period as indices
reached new highs− S&P closed at a historic high of over 2,400−
and nearly 75 percent of S&P 500 companies beat earnings
estimates, reporting the highest year-over-year earnings increase
since 2011.
“The trend of bullish activity in the market has continued our
clients’ desire to increase equity exposure and as a result we
again see net buying of Apple, Facebook and Amazon− three stalwart
stocks for our clients,” said JJ Kinahan, chief market strategist
for TD Ameritrade. “As the yield stall continues, we see clients
searching for yield within stocks, such as AT&T and
Verizon.”
TD Ameritrade clients showed strong interest in Technology
stocks during the May period as net buyers of Apple Inc. (AAPL),
Facebook Inc. (FB) and Amazon Inc. (AMZN). All three companies
showed positive movement− Apple continued its upward price trend,
Amazon closed in on one thousand dollars a share and Facebook
reported better than expected earnings. Automakers Ford (F) and
Tesla (TSLA) were also net bought during the period, despite Ford
changing management and missing on its April earnings. Tesla, on
the other hand, reached a 52-week high in May and has continued
higher. Another favored sector was Telecommunications, TD
Ameritrade clients increased their net holdings of AT&T (T) and
Verizon (VZ). Additional popular names bought include Advanced
Micro Devices Inc. (AMD) and Berkshire Hathaway Inc. (BRK.B).
TD Ameritrade clients were net sellers of Consumers Goods and
Services companies for a second month in a row, including Whole
Foods Market Inc. (WFM) and Arconic Inc. (ARNC). Newell Brands Inc.
(NWL), the parent company of outdoor and recreation brands, such as
Coleman and Marmot, was net sold; a potential result of the company
divesting its winter sports business. Additionally, Bristol-Meyers
Squibb (BMY), who received notice that the FDA granted a priority
review designation for one of its drugs, was net sold. Citigroup
(C) was net sold after the stock reached a yearly high during the
period, and American Airlines Group Inc. (AAL) was net sold despite
expectations that summer travel will reach an all-time high. Net
selling activity also included Mobileye (MBLY) and Yahoo, Inc.
(YHOO).
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 7 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 May 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.
Brokerage services provided by TD Ameritrade, Inc., member FINRA
(www.FINRA.org)/SIPC (www.SIPC.org).
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TD Ameritrade Holding CorporationFor Media:Christina
Goethe, 201-369-8510Communications & Public
Affairschristina.goethe@tdameritrade.com@TDAmeritradePRorFor
Investors:Jeff Goeser, 402-597-8464Investor
Relationsjeffrey.goeser@tdameritrade.com
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