TDAmeritrade Users Like Depressed Energy Names, Shying Away From Alibaba And U.S. Steel
TDAmeritrade investors were net sellers of equities last month, but were buying depressed energy names Chesapeake Energy Corporation (NYSE: CHK) and Kinder Morgan Inc (NYSE: KMI), according to new data from the company.
"Retail traders tracked by TD Ameritrade remained cautious in March, cutting back on their equity market exposure for the third month in a row," Nicole Sherrod wrote in a new post on The Ticker Tape.
"Entertainment and technology names remain popular, and some retail investors are trying out the energy sector once again. Maybe they’re hoping the recent rally in crude oil from February’s decade lows could be a sign of economic vigor," Sherrod added.
The full IMX index is below, along with Nicole Sherrod's take on the numbers.
Latest Ratings for CHK
|Oct 2016||RBC Capital||Upgrades||Underperform||Sector Perform|
|Oct 2016||Stephens & Co.||Upgrades||Underweight||Equal-Weight|
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