TD Ameritrade Investor Movement Index: IMX Stays Low During Record-Breaking Month for Stocks
August 05 2019 - 12:30PM
Business Wire
Retail investors stayed cautious, reducing risk
even during all-time market highs
The Investor Movement Index® (IMXSM) measured at 4.60 in July,
down less than one percent from its June score. The IMX is TD
Ameritrade’s proprietary, behavior-based index, aggregating Main
Street investor positions and activity to measure what investors
actually were doing and how they were positioned in the
markets.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20190805005135/en/
TD Ameritrade July 2019 Investor Movement
Index (Graphic: TD Ameritrade)
The reading for the four-week period ending July 26, 2019
remained relatively unchanged from the previous month. The score
ranks “Moderately Low” compared to historic averages and continues
a nine-month trend of below-average IMX scores.
“Investors continue to look for opportunities in the market, and
in July they were leaning toward fixed income and away from
equities,” said JJ Kinahan, chief market strategist at TD
Ameritrade. “We are keeping a close eye on how the latest stream of
news like the July rate cut, tariff negotiations and Brexit will
affect the markets moving forward.”
During July, the S&P 500 surpassed the 3,000 mark for the
first time ever, while the Dow Jones Industrial Average passed
27,000 for the first time. All three major equity indices reached
all-time highs during the period. The U.S. economy grew at a 2.1
percent rate in the second quarter, with consumer spending
increasing 4.3 percent and offsetting a decline in business
investment. Congress and the White House also reached a deal on
spending on the debt ceiling to avoid a looming fiscal crisis.
Despite their decreased exposure to equities, retail investors
at TD Ameritrade found some popular names to buy during the July
IMX period, including:
- Abbvie Inc. (ABBV)
- Walt Disney Co. (DIS)
- Canopy Growth Corp. (CGC)
- Aurora Cannabis Inc. (ACB)
TD Ameritrade clients also net sold many popular names during
the period, including:
- Amazon Inc. (AMZN)
- Apple Inc. (AAPL)
- Intel Corp. (INTC)
- Facebook Inc. (FB)
Millennial Buys & Sells During the July IMX period,
millennials with TD Ameritrade accounts chose a few names to net
buy that the overall population did not, including Uber Inc. (UBER)
and Chesapeake Energy Corp. (CHK). Like the larger client
population, millennials also net bought Disney (DIS), Abbvie Inc.
(ABBV) and pot stocks Canopy Growth Corp. (CGC) and Aurora Cannabis
Inc. (ACB).
Millennials were net sellers of most of the same companies as
the general population, including Apple (AAPL), Amazon Inc. (AMZN)
and Facebook (FB). Unlike the total population, they were also net
sellers of JD.com (JD).
About the IMX The IMX value is calculated based on a
complex proprietary formula. Each month, TD Ameritrade pulls a
sample from its client base of more than 11 million funded
accounts, which includes all accounts that completed a trade in the
past month. The holdings and positions of this statistically
significant sample are evaluated to calculate individual scores,
and the median of those scores represents the monthly IMX. For more
information on the Investor Movement Index, including historical
IMX data going back to January 2010; to view the full report from
July 2019; or to sign up for future IMX news alerts, please visit
www.tdameritrade.com/IMX. Additionally, TD Ameritrade clients can
chart the IMX using the symbol $IMX in either the thinkorswim® or
TD Ameritrade Mobile Trader platforms.
Inclusion of specific security names in this commentary does not
constitute a recommendation from TD Ameritrade to buy, sell, or
hold. All investments involve risk including the possible loss of
principal. Please consider all risks and objectives before
investing.
Past performance of a security, strategy, or index is no
guarantee of future results or investment success. Historical data
should not be used alone when making investment decisions. Please
consult other sources of information and consider your individual
financial position and goals before making an independent
investment decision.
The IMX is not a tradable index. The IMX should not be used as
an indicator or predictor of future client trading volume or
financial performance for TD Ameritrade.
About TD Ameritrade Holding Corporation TD Ameritrade
provides investing services and education to more than 11 million
client accounts totaling approximately $1.3 trillion in assets, and
custodial services to more than 7,000 registered investment
advisors. We are a leader in U.S. retail trading, executing an
average of approximately 800,000 trades per day for our clients,
more than a quarter of which come from mobile devices. We have a
proud history of innovation, dating back to our start in 1975, and
today our team of 10,000-strong is committed to carrying it
forward. Together, we are leveraging the latest in cutting edge
technologies and one-on-one client care to transform lives, and
investing, for the better. Learn more by visiting TD Ameritrade’s
newsroom at www.amtd.com, or read our stories at Fresh
Accounts.
Brokerage services provided by TD Ameritrade, Inc., member FINRA
(www.FINRA.org) / SIPC (www.SIPC.org)
Source: TD Ameritrade Holding Corporation
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190805005135/en/
Becky Niiya Director, Corporate Communications (402) 574-6652
rebecca.niiya@tdameritrade.com
Jeff Goeser Managing Director, Investor Relations (402) 597-8464
jeffrey.goeser@tdameritrade.com
TD Ameritrade (NASDAQ:AMTD)
Historical Stock Chart
From Mar 2024 to Apr 2024
TD Ameritrade (NASDAQ:AMTD)
Historical Stock Chart
From Apr 2023 to Apr 2024