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Investor Movement Index For June 2017

Jul. 11, 2017 10:55 AM ETAAL, AAPL, AMD, AMZN, ARNC, BAC, BMY, C, F, META, MSFT, NWL, SHOP, T, TSLA, VZ, SHOP:CA2 Comments
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TD Ameritrade


  • The IMX increased to a record high of 6.58 for the June 2017 period, making this the fifth consecutive month that TD Ameritrade clients were net buyers overall.
  • For several months in a row, AAPL, FB, AMZN and MSFT have been net buys among TD Ameritrade clients.
  • There were several companies that have been net sells for several months in a row including ARNC, NWL, and BMY.

By Victor Jones, Director of International Trading

The Investor Movement Index®, or IMXSM, increased to a record high of 6.58 for the June 2017 period, making this the fifth consecutive month that TD Ameritrade clients were net buyers overall. It was also the second month in a row that TD Ameritrade clients increased their exposure to equity markets, which was driven by net buying combined with an increase in volatility among stocks that are widely held.

Equity performance was mixed across major indexes during the month, with the S&P 500 (SPX) increasing 0.31% and the Nasdaq (COMP) declining 1.1%. So far this year, the SPX is up over 8% and the COMP is up more than 14%.

Even with the tech selloff, some of the biggest companies in the sector continue to be popular net buys among our clients. On the net selling side, the stocks that clients exited were a little more varied. Below we’ll take a look at what might’ve been driving trading activity in some of these stocks.

Net Buying in June

Tech mega-caps continued to be a popular in the June IMX period. For several months in a row, Apple (AAPL), Facebook (FB), Amazon (AMZN) and Microsoft (MSFT) have been net buys among TD Ameritrade clients. These stocks had a large price drop on June 9 when the sustainability of the tech rally was called into question by prominent Wall Street analysts.

Despite the selloff, AMZN and FB hit new all-time highs in subsequent weeks; at the end of the month, AAPL remained about 12.5% below its all-time high of $156.65 in May and MSFT was down 5.4% from its all-time high of $72.89 it hit at the beginning of June.

Beyond the mega-caps, semiconductor company Advanced Micro Devices (AMD) and commerce platform Shopify (

This article was written by

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At TD Ameritrade Holding Corporation we help individual investors pursue their financial goals through our brokerage subsidiaries. For more than 40 years we have been serving individual investors – from the first-time investor to the sophisticated trader, and from the “do-it-yourself” to the “do-it-for-me” investor. We offer a broad range of investment tools and services – all at a great value.We engage with our clients in many different ways including online, on-the-go via mobile applications, over the phone or through independent registered investment advisors. Our clients choose how they want to work with TD Ameritrade – not the other way around.

Analyst’s Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.

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