TD Ameritrade Clients Really Didn't Like Automakers Last Week

With traders bracing for volatility as we head towards the heart of earnings season, these were the four most sold consumer discretionary stocks last week by TD Ameritrade clients, according to Managing Director of Trading Nicole Sherrod.

1. Ford Motor Company (NYSE: F)

Investors apparently didn't like Ford's 4.5 percent dividend yield, nor were they encouraged by its report of strong first half vehicle sales in Europe. The Michigan company reported a 7.5 percent increase in European sales, the largest first half increase since 2010.

Ford has been on a slow and steady climb the last few days, closing Tuesday at $13.65.

2. Tesla Motors Inc (NASDAQ: TSLA)

With Tesla reportedly under investigation by the SEC and NHTSA after several autopilot crashes, it's no surprise the stock was out of favor last week. Still, Tesla has shown resiliency, as it's traded higher both days this week.

3. General Motors Company (NYSE: GM)

GM had several negative headlines last week. First came news of a supplier dispute, which could force them to shut down 19 North American plants. Then a report came out that the U.S. government is apparently worried about risky car loans.

GM closed Tuesday at $31.25.

4. Netflix, Inc. (NASDAQ: NFLX)

TDA clients now seem prescient after Netflix's big subscriber miss on Monday. The stock closed Tuesday at $85.74, down 14 percent.

What stocks were they buying in the consumer discretionary sector? Amazon.com, Inc. (NASDAQ: AMZN). TDA customers invested another $110 million in the crown jewel of the Bezos empire, adding to the $2.7 billion they'd already owned. Traders and investors also rode the Pokemon Go wave, buying a combined $25 million in Nintendo Co., Ltd (ADR (OTC: NTDOY) stock.

Sherrod noted that the financials were also heavy sellers last week, in particular Bank of America Corp (NYSE: BAC) and Goldman Sachs Group Inc (NYSE: GS).