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TD Ameritrade's IMX Sentiment For April Shows Clients Were Net Sellers Of Some Popular Names

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TD Ameritrade's IMX Sentiment For April Shows Clients Were Net Sellers Of Some Popular Names

TD Ameritrade's proprietary index, the Investor Movement Index (or the IMX) is a behavior-based index designed to indicate the sentiment of retail investors.

The index rose 1.85 percent in April to 4.41, as retail clients were broadly net buyers of stocks. Overall exposure to the equity market among the firm's retail investors increased slightly and was aided by a decline in overall market volatility.

Dividend-paying stocks were popular among retail investors, including AT&T Inc. (NYSE: T) and Ford Motor Company (NYSE: F), as both investments offer a yield above 4 percent.

Additional names retail investors bought included Allergan plc Ordinary Shares (NYSE: AGN), Chipotle Mexican Grill, Inc. (NYSE: CMG) and Under Armour Inc (NYSE: UA).

Related Link: Citi Previews Department Store Q1 Earnings

On the other hand, TD Ameritrade's retail clients were net sellers of some popular names. Specifically, investors sold shares of Apple Inc. (NASDAQ: AAPL) prior to its earnings announcement in late April.

Other popular names that saw heavy selling activity were Alibaba Group Holding Ltd (NYSE: BABA), Chevron Corporation (NYSE: CVX) and Tesla Motors Inc (NASDAQ: TSLA).

Posted-In: IMX Index Investor Movement Index TD AmeritradeNews Psychology Retail Sales General Best of Benzinga

 

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