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TD Ameritrade Says Retail Investors' Sentiment Unchanged In June

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A measure of retail investors' stock market sentiment was nearly flat in June, according to TD Ameritrade on Monday.

The online broker's monthly Investor Movement Index remained near the high end of its range, as clients net exposure to the market changed little.

After reaching a high in March of 5.87, readings have declined and trended sideways recently. The June figure came in at 5.67, down 0.2 percent from the previous month.

Apple's (NASDAQ: AAPL) June stock split made the stock popular, with many investors buying shares at the lower price following the split.

As is typical, TD Ameritrade noted, issuers that saw dips in price during June were also popular buys. Some of these included Delta Air Lines (NYSE: DAL) Lululemon Athletica (NASDAQ: LULU) and Rite Aid (NYSE: RAD).

Broad selling in technology included Intel (NASDAQ: INTC) Cisco Systems (NASDAQ: CSCO) Microsoft (NASDAQ: MSFT) and Facebook (NASDAQ: FB).

In the financial sector, popular sells were Citigroup (NYSE: C) and Bank of America (NYSE: BAC).

Posted-In: TD AmeritradeNews


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