Schwab Trading Activity Index™: Score Moves Fractionally Higher in May, Remaining at Moderate-Low Levels
Schwab clients were net buyers during the May period, decreasing exposure in the Communication Services, Consumer Discretionary and Financial sectors
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Schwab Trading Activity Index
The reading for the five-week period ending
“As they were in April, Schwab clients were net buyers of equities during the May STAX period as they increased exposure to technology-related names, especially those related to Artificial Intelligence (AI) chip makers and the e-commerce and media companies that rely on them,” said
On
Popular names bought by Schwab clients during the period included:
- NVIDIA Corp. (NVDA)
- Advanced Micro Devices Inc. (AMD)
- Tesla Inc. (TSLA)
- Amazon.com Inc. (AMZN)
- Microsoft Corp. (MSFT)
Names net sold by Schwab clients during the period included:
- Apple Inc. (AAPL)
- Alibaba Group Holding Ltd. (BABA)
- Bank of America Corp. (BAC)
- Snap Inc. (SNAP)
- Exxon Mobil Corp. (XOM)
About the STAX
The STAX value is calculated based on a complex proprietary formula. Each month, Schwab pulls a sample from its client base of millions of funded accounts, which includes 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 STAX.
For more information on the Schwab Trading Activity Index, please visit www.schwab.com/investment-research/stax. Additionally, Schwab clients can chart the STAX using the symbol $STAX in either the thinkorswim® or thinkorswim mobile platforms.
Investing involves risk, including loss of principal. Past performance is no guarantee of future results.
Content intended for educational/informational purposes only. Not investment advice, or a recommendation of any security, strategy, or account type.
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 STAX is not a tradable index. The STAX should not be used as an indicator or predictor of future client trading volume or financial performance for Schwab. STAX data includes that from accounts of
About Charles Schwab
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View source version on businesswire.com: https://www.businesswire.com/news/home/20240610213186/en/
Director, Corporate Communications
(203) 434-2240
margaret.farrell@schwab.com
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