TD Ameritrade Clients Are Buying Apple, Twitter; Selling Facebook, AOL
According to TD Ameritrade’s most recent data, clients were net buyers of stocks in June for the second consecutive month. Here’s a summary of what TD Ameritrade clients were up to last month.
Many of the more popular buys during the month were stocks that endured recent share price declines. Tech giants Apple Inc. (NASDAQ: AAPL) and Twitter Inc (NASDAQ: TWTR) trended downward throughout the month. However, TD Ameritrade clients were net buyers of both names.
Clients also appeared to be looking for dividends in June. High-yielding stocks Chesapeake Energy Corporation (NYSE: CHK), Chevron Corporation (NYSE: CVX), Johnson & Johnson (NYSE: JNJ) and Exxon Mobil Corporation (NYSE: XOM) were all net buys in June.
TD Ameritrade notes that many of the names that were popular sells in June are familiar names. Both General Electric Company (NYSE: GE) and Sirius XM Holdings Inc (NASDAQ: SIRI) were net sells in June for the second consecutive month. Big bank stocks Bank of America Corp (NYSE: BAC) and Citigroup Inc (NYSE: C) were also net sells in both May and June following three months of rising share prices.
Facebook Inc (NASDAQ: FB) was also a net June sell following two Wall Street price target boosts.
Disclosure: the author owns shares of Bank of America.
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