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TDAmeritrade Users Like Depressed Energy Names, Shying Away From Alibaba And U.S. Steel

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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.

Walt Disney Co (NYSE: DIS) was also a top pick of TDAmeritrade users, along with Facebook Inc (NASDAQ: 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 (NYSE: BABA) and Target Corporation (NYSE: TGT) were net sells in March, along with United States Steel Corporation (NYSE: X).

The full IMX index is below, along with Nicole Sherrod's take on the numbers.

2522266_imx__chartsmar16.jpg

Latest Ratings for CHK

DateFirmActionFromTo
Mar 2017Stifel NicolausInitiates Coverage OnBuy
Feb 2017UBSUpgradesSellNeutral
Dec 2016MizuhoInitiates Coverage OnNeutral

View More Analyst Ratings for CHK
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