OMAHA, Neb.--(BUSINESS WIRE)--Jun 6, 2022--
Both TD Ameritrade Millennial clients and the overall TD Ameritrade population were net sellers of American Airlines (AAL), Delta Airlines (DAL), and United Airlines (UAL) as inflation continued to cloud the economic picture. A leader in U.S. retail trading, we leverage the latest in cutting edge technologies and one-on-one client care to help our clients stay on top of market trends. TD Ameritrade provides investing services and education to self-directed investors and registered investment advisors. Both TD Ameritrade Millennial clients and the overall TD Ameritrade client population favored Tesla (TSLA) and Amazon (AMZN), as Consumer Discretionary names were under pressure. 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. Please consult other sources of information and consider your individual financial position and goals before making an independent investment decision. Nvidia (NVDA) was rewarded after a quarterly earnings report that beat expectations despite giving a cautious outlook; both TD Ameritrade Millennial clients and the overall TD Ameritrade client population were net buyers of the semiconductor giant. The IMX value is calculated based on a complex proprietary formula. Like the overall client population, TD Ameritrade Millennial clients reduced exposure during the May period, and were net sellers of equities overall. Some of the popular equity names bought in May were: The S&P 500 traded in just under a 500 point range from its high of 4307.66 on May 4th to 3810.32 on May 23rd, a new low for this year and a brief dip into Bear Market territory. “IMX periods that fall during an earnings cycle typically see elevated activity as investors digest updated information from companies reporting results and offering guidance on future expectations.