Home Gamers Were Net Buyers of Lower Beta Names, IMX Data Shows for November

TD Ameritrade’s proprietary Investor Movement Index (IMX) came in at 5.11, the second month in a row showing a decline. TD Ameritrade’s Chief Strategist, JJ Kinahan says the retail investor is in many ways ahead of the game and participating in the ups and downs of the markets. While the IMX showed a lower reading month-over-month, TD Ameritrade’s clients were net buyers for November, but in lower-beta stocks with less theoretical risk. Kinahan says IBM was very active on the buy side as the stock based a bit and investors are attracted to the yield. Other popular names were Twitter and GoPro, as well some 'falling knife' stocks in the oil services space like Transocean and Halliburton. Net sellers included Intel, Yahoo! Oracle, Cisco, Bank of America and Citigroup. In many cases clients still hold many of the net-sold positions, but lightened up by taking advantage of some run ups.