TD Ameritrade Investor Movement Index: IMX Jumps to Six Month High
June 10 2019 - 12:30PM
Business Wire
Retail investors responded to increased
volatility in May by taking on more risk
The Investor Movement Index® (IMXSM) reached 4.93 in May, up 7
percent from its April score of 4.61. The IMX is TD Ameritrade’s
proprietary, behavior-based index, aggregating Main Street investor
positions and activity to measure what investors actually were
doing and how they were positioned in the markets.
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TD Ameritrade May 2019 Investor Movement
Index (Graphic: TD Ameritrade)
The reading for the five-week period ending May 31, 2019 ranks
as the highest IMX score in six months as a result of clients
increasing their exposure to equities. Still, this IMX score ranks
“Moderately Low” relative to historic ranges.
“Investor anxiety in May led to a market sell-off, but many
investors used that volatility and the lower prices to their
advantage, adding some stocks to their portfolios at attractive
prices,” said JJ Kinahan, chief market strategist at TD Ameritrade.
“In the coming weeks, we’ll be keeping a close eye on the Fed
decision as investors hope for a long-anticipated rate cut.”
During the May IMX period, the S&P 500 decreased 6.4 percent
while the Dow Jones Industrial Average declined 6.5 percent.
Pressure in the technology sector caused the Nasdaq Composite to
fall 8.5 percent. Uncertainty over global trade and economic growth
were in play, as trade talks with China collapsed. The 10-year
Treasury yield decreased more than 35 basis points during the
period, ending at 2.14 percent, its lowest point since September
2017.
Retail investors at TD Ameritrade found popular names to buy
during the May IMX period, including several new entrants to the
public market.
- Uber Technologies Inc. (UBER)
- Beyond Meat Inc. (BYND)
- Pinterest Inc. (PINS)
- Canopy Growth Corp. (CGC)
- Tesla Inc. (TSLA)
TD Ameritrade clients also found popular names to sell during
the period.
- Facebook Inc. (FB)
- Netflix Inc. (NFLX)
- Roku Inc. (ROKU)
- Wabtec Corp. (WAB)
- General Electric Co. (GE)
Millennial Buys & SellsThere were some differences in
net buys between millennials and the total investor population.
Millennials were net buyers of Aurora Cannabis (ACB), while the
total population bought Canopy Growth (CGC). Uber (UBER) was
popular among all populations, but millennials also favored Lyft
(LYFT).
Millennials were net sellers of some of the same tech companies
as the general population, including Facebook (FB) and Netflix
(NFLX). Unlike the total population, they were also net sellers of
Twitter (TWTR).
About the IMXThe IMX value is calculated based on a
complex proprietary formula. Each month, TD Ameritrade pulls a
sample from its client base of more than 11 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 January 2010; to view the full
report from May 2019; 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.
About TD Ameritrade Holding CorporationTD Ameritrade
provides investing services and education to
more than 11 million client accounts totaling approximately $1.3
trillion in assets, and custodial services to more than
7,000 registered investment advisors. We are a leader in U.S.
retail trading, executing an average of approximately 850,000
trades per day for our clients, more than a quarter of which come
from mobile devices. We have a proud history of innovation,
dating back to our start in 1975, and today our team of
10,000-strong is committed to carrying it forward. Together, we are
leveraging the latest in cutting edge technologies and one-on-one
client care to transform lives, and investing, for the better.
Learn more by visiting TD Ameritrade’s
newsroom at www.amtd.com, or read our stories
at Fresh Accounts.
Brokerage services provided by TD Ameritrade, Inc., member
FINRA (www.FINRA.org) / SIPC (www.SIPC.org)
Source: TD Ameritrade Holding Corporation
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version on businesswire.com: https://www.businesswire.com/news/home/20190610005095/en/
At the CompanyBecky NiiyaDirector,
Corporate Communications(402)
574-6652rebecca.niiya@tdameritrade.com
Jeff GoeserManaging Director, Investor Relations(402)
597-8464jeffrey.goeser@tdameritrade.com
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