TDAmeritrade investors were net sellers of equities last month, but were buying depressed energy names Chesapeake Energy Corporation CHK and Kinder Morgan Inc 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.
DIS was also a top pick of TDAmeritrade users, along with FB, which has seen more buyers since its mid-February earnings release.
"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.
Of note, Alibaba Group Holding Ltd BABA and Target Corporation TGT were net sells in March, along with United States Steel Corporation X.
The full IMX index is below, along with Nicole Sherrod's take on the numbers.
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