Loading...
Loading...
TDAmeritrade'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 overall 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.T and
Ford Motor CompanyF as both investments offer a yield above 4 percent.
Additional names that retail investors bought include
Allergan plc Ordinary SharesAGN,
Chipotle Mexican Grill, Inc.CMG and
Under Armour IncUA.
On the other hand, TDAmeritrade's retail clients were net sellers of some popular names. Specifically, investors sold shares of
Apple Inc.AAPL prior to announced its earnings in late April.
Other popular names that saw heavy selling activity include
Alibaba Group Holding LtdBABA,
Chevron CorporationCVX and
Tesla Motors IncTSLA.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in