The IMX index rose 6.19 percent in October to 5.83, which marks the highest reading in two years. The rise in the index comes at a time when volatility fell in many widely held investment names within TD Ameritrade's client accounts.
As a whole, TD Ameritrade's clients were net buyers of big name stocks throughout October, which helped contribute to the index's rise. Some of those hard hitters included:
- Amazon.com, Inc. AMZN.
- AT&T Inc. T.
- Facebook Inc FB.
- Ford Motor Company F.
- General Electric Company GE.
- Verizon Communications Inc. VZ.
What Clients Were Selling
TD Ameritrade's clients were net sellers of several financial names that actually saw gains in October, including Citigroup Inc C and Bank of America Corp BAC.
Clients were also net sellers of Netflix, Inc. NFLX, despite the stock's rally after its earnings report.
Other notable names that saw selling activity include:
- Apple Inc. AAPL.
- Caterpillar Inc. CAT.
- Halliburton Company HAL.
- Southwest Airlines Co LUV.
- Yahoo! Inc. YHOO.
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