• Schwab Announces Its Summer Business Update
    Business Wire

    Schwab Announces Its Summer Business Update

    The Charles Schwab Corporation announced that it has scheduled a Summer Business Update for institutional investors on Tuesday, July 21st.

  • Schwab Announces Action on Google Integration
    Business Wire

    Schwab Announces Action on Google Integration

    Schwab announced an integration with Google, enabling Google Assistant users to easily and securely access certain Schwab account & portfolio updates

  • Retail Investors Who Bought June Dip Favored Back-to-Work Stocks
    Bloomberg

    Retail Investors Who Bought June Dip Favored Back-to-Work Stocks

    (Bloomberg) -- Main Street investors appear united in their vision for economic recovery, emptying their pockets amid the June selloff in anticipation of a prompt return to normal.Data from TD Ameritrade showed clients used last month’s volatility to increase their exposure to stocks, lifting the firm’s Investor Movement Index. The biggest jump in holdings came in companies that benefit from an increase in economic activity, like makers of non-essential consumer goods, construction firms, plane builders and banks. Robinhood investors piled into the FAANG-plus-Microsoft group of tech megacaps, adding 330,000 accounts.It was a bet that so far has paid off even as volatility increased with concern the resurgence of the virus will hamstring the economic recovery. Since a 6% rout on June 11 that wiped out $1.6 trillion in value, the S&P 500 has rallied 6%. Consumer discretionary and tech shares have led the way, jumping at least 9%.“The dip was met with buying, not with fear,” JJ Kinahan, the chief market strategist at TD Ameritrade, said by phone. “They believe domestically things will start to return. Domestic travel and the domestic economy have a chance to start to return to more normal levels.”The S&P 500 jumped 1.6% Monday to close at the highest in almost a month. The tech-heavy Nasdaq indexes added more than 2%. Amazon.com Inc. closed at a record, with a market value above $1.5 trillion for the first time. Futures slumped Tuesday, indicating a lower open.While some degree of controversy exists over the degree of market influence retail investors have, their prescience in timing the March bottom has turned them into a cohort that has become closely watched as brokerages from TD to E*Trade and Robinhood have seen record new account openings.Zero-fee trading has certainly attracted clients, but so has the economic lockdown, which left Americans unable to bet on sporting events or go to casinos. Undeterred by the fastest 30% drop on record, they enjoyed the fastest 50-day rally in nine decades. Pullbacks of 5% have become can’t-miss buying opportunities.“People are looking at the U.S. equity market and seeing the rebound, and they want a piece of that,” said Anna Han, an equity strategist at Wells Fargo Securities. “They want a bite of that. For those who do have a little money to spend, maybe because they haven’t been spending at restaurants, out at bars or traveling as they normally do, you can see them putting that money to work and willing to take a little bit of that risk.”During June, TD data show travel companies including Southwest Airlines Co., Delta Air Lines Inc. and Norwegian Cruise Line Holdings Ltd. drew the most new buys, underscoring confidence that travel will return toward normal sooner than later even as the virus flared up in large parts of the South and West.The group known as FAANGM -- Facebook, Apple, Alphabet, Netflix, Google and Microsoft -- enjoyed the stay-at-home rally that began in March and remained attractive at Robinhood as investors bet on their win-in-any-economy appeal. Amazon and Apple were among the top 5 buys. Facebook and Netflix made the top 50.Here, too, the bets have paid off. So big has the group’s rally become that even before Monday’s gain, the six companies accounted for a record one-quarter of the S&P 500’s market cap, according to Ed Yardeni of his namesake research firm. The six companies have been among the biggest winners since the virus struck, he noted.They “are likely to continue to benefit from its aftershocks well after the crisis is over,” Yardeni said in a note to clients. “That’s because their businesses are Internet-based, so the more that people’s work, education, and entertainment are home-based, the more these businesses thrive.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • TD Ameritrade to Announce Fiscal Third Quarter Earnings
    Business Wire

    TD Ameritrade to Announce Fiscal Third Quarter Earnings

    TD Ameritrade Holding Corporation (Nasdaq: AMTD) will release its fiscal third quarter 2020 earnings on Tuesday, July 21, 2020.

  • TD Ameritrade Investor Movement Index: IMX Continues Upswing in June
    Business Wire

    TD Ameritrade Investor Movement Index: IMX Continues Upswing in June

    The Investor Movement Index® (IMXSM) increased to 4.55 in June, up 4.6 percent from its May score of 4.35. 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.

  • Is it Wise to Hold SVB Financial (SIVB) Stock Right Now?
    Zacks

    Is it Wise to Hold SVB Financial (SIVB) Stock Right Now?

    SVB Financial's (SIVB) decent top-line growth and solid balance-sheet position give it a strong footing. However, the near-zero interest rates and rising expense levels are key concerns.

  • First Horizon (FHN) & IBERIABANK Conclude Merger of Equals
    Zacks

    First Horizon (FHN) & IBERIABANK Conclude Merger of Equals

    First Horizon's (FHN) all-stock merger of equals with IBERIABANK reflects the companies' impressive business-expansion efforts into the Southern market.

  • MARKETS: S&P 500, Nasdaq snap 5-day winning streak — YF Premium is bearish on Fifth Third Bancorp (FITB)
    Yahoo Finance Video

    MARKETS: S&P 500, Nasdaq snap 5-day winning streak — YF Premium is bearish on Fifth Third Bancorp (FITB)

    Yahoo Finance's Jared Blikre joins Myles Udland to break down the day's price action in stocks as well as a short in Fifth Third Bancorp (FITB), a Yahoo Finance Premium Investment Idea.

  • KeyCorp (KEY): Are Hedge Funds Right About This Stock?
    Insider Monkey

    KeyCorp (KEY): Are Hedge Funds Right About This Stock?

    At the end of February we announced the arrival of the first US recession since 2009 and we predicted that the market will decline by at least 20% in (see why hell is coming). In these volatile markets we scrutinize hedge fund filings to get a reading on which direction each stock might be going. […]

  • Were Hedge Funds Right About Selling TD Ameritrade Holding Corp. (AMTD)?
    Insider Monkey

    Were Hedge Funds Right About Selling TD Ameritrade Holding Corp. (AMTD)?

    At the end of February we announced the arrival of the first US recession since 2009 and we predicted that the market will decline by at least 20% in (see why hell is coming). In these volatile markets we scrutinize hedge fund filings to get a reading on which direction each stock might be going. […]

  • ACCESSWIRE

    Independent Bank Group, Inc. Announces Q2 2020 Earnings Call

    McKINNEY, TX / ACCESSWIRE / July 6, 2020 / Independent Bank Group, Inc. (NASDAQ:IBTX), the holding company for Independent Bank, will hold a conference call to discuss 2020 second quarter results on Tuesday, ...

  • Benzinga

    Investor Movement Index Summary: June 2020

    Exposure in TD Ameritrade client accounts increased during the June IMX period. The IMX score increased by 4.6%, or 0.20 points, to 4.55 from 4.35 the previous period.TD Ameritrade clients used the volatility during the June period to increase exposure to equity markets. Clients were net buyers overall, and net buyers of equities, with large buying among the Consumer Discretionary, Industrials, and Financials sectors. Net buying among equities helped push the IMX score higher. Volatility increased during the middle of the period, with the Cboe Volatility Index, or VIX, which measures the volatility of the S&P 500 Index, increasing above 40 for the first time in nearly two months.Equity markets were mixed during the period. The S&P 500 and Dow Jones Industrial Average both declined, moving lower by 1.16% and 1.45%, respectively. The Nasdaq Composite registered a gain, moving higher by 2.82%. During the period, the S&P 500 traded above 3,200 for the first time since February, and the Nasdaq Composite topped 10,000 for the first time ever. During the middle of the period, the Dow Jones Industrial Average fell more than 1,800 points, its worst day since a series of punishing selloffs in March, over worries about spikes in U.S. coronavirus infections. Later, optimism began to take hold after an uptick in economic activity in China and the U.S. suggested the initial stages of healing from the pandemic. Then, near the end of the period stocks sold off as infection rates increased, with some states pausing reopening plans. The Federal Reserve ordered banks to cap dividends and halt stock buybacks on worries that a prolonged economic downturn could saddle them with hundreds of billions of dollars in losses on soured loans but did indicate the largest U.S. banks are likely strong enough to survive the crisis.Trading TD Ameritrade clients were once again net buyers of equities during the period, using weakness to add to positions. Boeing Co (NYSE: BA) was a net buy. The company expects its 737 MAX certification flight test soon, and many believe it has enough cash on its books to survive the pandemic. Norwegian Cruise Line Holdings Ltd (NYSE: NCLH) and Carnival Corp (NYSE: CCL) were both net buys, with each stock trading up to $25 early in the period, only to end the period near $15. NCLH announced it has extended its sailing suspensions through September 30, while CCL was downgraded by S&P citing the "cruise industry may face an extended period of weak demand." Airline companies Southwest Airlines Co (NYSE: LUV) and American Airlines Group Inc (NASDAQ: AAL) were net bought on weakness. Both stocks traded higher early in the period on hopes of an economic recovery and increased demand, but fell as the period progressed and COVID-19 cases increased in the U.S. LUV announced a three-day sale for fall travel, with many analysts expecting a price war in the industry, while AAL said it would raise $3.5 billion through a mix of shares and notes to increase the availability of its cash deposits. Walt Disney Co (NYSE: DIS) was net bought as the company announced it will delay the reopening of its Disneyland park in Anaheim, California, pushing shares lower. The company also announced "Mulan," a live-action epic, will now debut in theatres August 21, 2020. Slack Technologies Inc (NYSE: WORK) traded at a 52-week high early in the period as the company announced it will collaborate with Amazon on the future of enterprise workplace, and was net bought.Additional popular names bought include AT&T Inc. (NYSE: T), Wells Fargo & Co (NYSE: WFC), and MGM Resorts International (NYSE: MGM).TD Ameritrade clients were net sellers of Gilead Sciences, Inc. (NASDAQ: GILD) during the period. GILD's proposed COVID-19 treatment Veklury (remdesivir) secured a recommendation for a conditional marketing authorization from the European Medicines Agency (EMA). Alibaba Group Holding Ltd (NYSE: BABA) neared a 52-week high as Asian shares traded at a 4-month high at the end of the period as investors remained upbeat on the outlook for a re-opening of the global economy, and the stock was net sold. Snap Inc (NYSE: SNAP) was net sold as the stock reached its highest price in 3 years following an analyst upgrade, a recovering advertising market, and the continued rollout of new features and tech within Snap's main app. IQIYI Inc (NASDAQ: IQ) was net sold after shares of the Chinese video streaming platform moved higher during the period on reports of a takeover approach from social media and gaming company TENCENT HOLDING/ADR (OTCPK:TCEHY). IQ, which is majority-owned by Chinese search giant Baidu Inc (NASDAQ: BIDU), has been courted by Tencent with an offer to buy a majority stake in IQ. BIDU also moved higher on the news, and was net sold by TD Ameritrade clients. Kraft Heinz Co (NASDAQ: KHC) reached a 52-week high during the period as consumers are eating more at home because of coronavirus restrictions, with analysts noting sliced meat and nuts are doing better, with Kraft benefitting as it owns the Oscar Mayer and Planters brands.Additional names sold include Abbott Laboratories (NYSE: ABT) and Westinghouse Air Brake Technologies Corp (NYSE: WAB).Inclusion of specific security names in this commentary does not constitute a recommendation from TD Ameritrade to buy, sell, or hold.Historical Overview TD Ameritrade's Investor Movement Index (IMX) has generally correlated with the S&P 500 as clients react to equity price movements, but the index has gone through uncorrelated periods. Beginning in January 2010, when TD Ameritrade started tracking the IMX, the index rose with equity markets until April 2010, when it peaked at 5.40. In May 2010 investors experienced the "Flash Crash" and the IMX began a sharp downward trend. The IMX didn't reach 5.00 again until the S&P 500 was well above April 2010 levels. The index eventually peaked at 5.56 in June 2011. This peak was immediately followed by a plunge in equity markets, and in the IMX, as the media was dominated by the U.S. debt ceiling debate, S&P downgrade of U.S. debt, and European debt concerns.The S&P 500 began to recover in the fall of 2011, but the IMX continued to decline until it reached a new low at the time in January 2012. As the S&P 500 began to sustain an upward trend in early 2012, the IMX started to rise. In 2013, as economic conditions improved and the S&P 500 climbed to record levels, the IMX rose to the high end of its historical range, finishing 2013 at 5.62, and continued to rise in 2014 amid geopolitical tensions related to Ukraine and the Middle East, until seeing slight declines in October and November. By the middle of 2015, the IMX had seen increases, as equity market volatility had reduced to near historical levels while the market continued its upward trend.As 2015 ended its third quarter, volatility had returned to markets, as global economic concerns and speculation around the timing and trajectory of Federal Reserve rate increases seemed to rattle overall equity markets. This uncertainty continued to play a role in the equity markets through the fourth quarter of 2015 and into early 2016. The volatility accompanying this uncertainty abated in the second quarter of 2016 and remained low until late in the third quarter. Just as it had in 2015, the IMX saw increases mid-year during the period of lower volatility.The IMX continued to climb into the fourth quarter reaching 5.83 in October 2016, its highest point in two years. A brief spike in volatility during November, timed around the U.S. presidential election, coincided with a slight pullback in the IMX, which then ended 2016 at the high end of its historical range. The IMX started 2017 with an upward trend and reaching an all-time high in March, before pausing in April as lower volatility lead to a decrease in the IMX. The momentum resumed in May, with the IMX breaching 7.0 for the first time ever in July of 2017. The IMX took another brief pause in September, before following markets higher and breaching 8.0 for the first time ever in November and ending 2017 at an all-time high. Volatility returned to the markets in early 2018, and the IMX decreased for four consecutive months to start the year. The IMX then rebounded in the spring of 2018 and continued higher during the summer on the back of better-than-expected earnings and increasing equity markets.The IMX headed higher during the fall of 2018 as economic growth increased before heading lower in late 2018 as the Nasdaq Composite entered a bear market to end the year. Geopolitical issues were in the headlines during early 2019 as the U.S. and China traded tariffs. The IMX rebounded along with equity markets in the spring of 2019 on optimism of a trade deal with China and the unemployment rate nearing a 49-year low. The IMX remained range-bound during the summer of 2019 as trade-related policy concerns led to investors favoring less-risky assets, including fixed-income products. Heading into the fall of 2019, the IMX began to rebound and ended the year at the highest levels in over a year as trade war fears diminished and economic data began to improve globally.In early 2020, the bull market ended as markets pulled back due to the COVID-19 pandemic, with markets experiencing volatility not seen since the financial crisis of 2008. During the spring of 2020, the IMX reached 3.90, its lowest point in years after equity markets sold off on pandemic fears. The IMX began to rebound into the summer of 2020 as equity markets began to rebound after a slight uptick in economic activity.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.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.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.See more from Benzinga * Tuesday's Market Minute: Small-Caps See A Big Move * Tuesday's Market Minute: Stocks Pause After S&P Turns Positive * Not Just Fun And Games: How Esports Could Offer Potential Investment Opportunities(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • Were Hedge Funds Right About Souring On Glacier Bancorp, Inc. (GBCI)
    Insider Monkey

    Were Hedge Funds Right About Souring On Glacier Bancorp, Inc. (GBCI)

    At the end of February we announced the arrival of the first US recession since 2009 and we predicted that the market will decline by at least 20% in (see why hell is coming). In these volatile markets we scrutinize hedge fund filings to get a reading on which direction each stock might be going. […]

  • Expect ‘violently flat’ markets, but be ready to buy the dip, analyst says
    MarketWatch

    Expect ‘violently flat’ markets, but be ready to buy the dip, analyst says

    Over the short term, markets are likely to bounce in a range, but as long as new cases don’t significantly strain the health care system, and Americans don’t lose their nerve and return to hunkering down at home, Evercore ISI’s Dennis DeBusschere thinks markets could be in for a “sharp rebound.”

  • Business Wire

    Zions Bancorporation Announces 2020 Earnings Release Date Information for Q2, Q3 and Q4

    Zions Bancorporation N.A. Earnings Release Dates for 2020 Fiscal Year

  • Were Hedge Funds Right About Souring On The Charles Schwab Corporation (SCHW)?
    Insider Monkey

    Were Hedge Funds Right About Souring On The Charles Schwab Corporation (SCHW)?

    We at Insider Monkey have gone over 821 13F filings that hedge funds and prominent investors are required to file by the SEC The 13F filings show the funds' and investors' portfolio positions as of March 31st, near the height of the coronavirus market crash. We are almost done with the second quarter. Investors decided […]

  • Prosperity Bancshares, Inc.® Invites You To Join Its Second Quarter 2020 Earnings Conference Call
    PR Newswire

    Prosperity Bancshares, Inc.® Invites You To Join Its Second Quarter 2020 Earnings Conference Call

    In conjunction with Prosperity Bancshares, Inc.® (NYSE: PB) Second Quarter 2020 Earnings Announcement, scheduled before the market opens on Wednesday, July 29, 2020, you are invited to listen to its conference call at 11:30 AM, Eastern Time (10:30 AM, Central Time) on that day. Participants will include members of Prosperity's executive management team.

  • All You Need to Know About TD Ameritrade (AMTD) Rating Upgrade to Buy
    Zacks

    All You Need to Know About TD Ameritrade (AMTD) Rating Upgrade to Buy

    TD Ameritrade (AMTD) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank 2 (Buy).

  • Should Value Investors Buy TD Ameritrade (AMTD) Stock?
    Zacks

    Should Value Investors Buy TD Ameritrade (AMTD) Stock?

    Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.