|TOP STOCKS – BY Retail (Total Traffic) This Week||Ticker||TOP STOCKS- BY RETAIL (Surge Traffic) This Week||Ticker||TOP ETFs By Retail (Total Traffic) This Week|
|Apple Inc||AAPL||Ride Inc||RIDE||Beverages – Brewers|
|Eversource Energy||ES||Scholar Rock Holding Corp||SRRK||Specialty Business Services|
|Nio Inc||NIO||Blackrock Muni 2020 Trust||BKK||Footwear & Accessories|
|Tesla Inc||TSLA||Applied Uv Inc||AUVI||Business Equipment & Supplies|
|Amazon.com Inc||AMZN||Brainybrawn, Inc.||BRNW||Food Distribution|
|Adv Micro Devices||AMD||SAP Ag||SAP||Home Improvement Retail|
|Microsoft Corp||MSFT||Rivernorth/Doubleline Strategic Opportunity Fund||OPP||Education & Training Services|
|Pinterest Inc||PINS||Mid-Con Energy Partn||MCEP||Beverages – Non-Alcoholic|
|Workhorse Grp||WKHS||Dunkin’ Brands Group||DNKN||Consumer Electronics|
|Visa Inc||V||Community Health Systems||CYH||Health Information Services|
|Facebook Inc||FB||Document Security Systems Inc||DSS||Pay TV|
|Sorrento Therpt||SRNE||Miragen Therapeutics Inc||MGEN||Steel|
|Intel Corp||INTC||Systemax Inc||SYX||Advertising Agencies|
|Snap Inc||SNAP||Civeo Corp||CVEO||Chemicals|
|Microvision||MVIS||Harley-Davidson Inc||HOG||Farm Products|
|Spartan Energy Acquisition Corp Cl A||SPAQ||Synalloy Cp||SYNL||Surgical appliances and supplies|
|Zoom Video Communications Cl A||ZM||Holiday Island Holdings, Inc.||HIHI||National commercial banks|
|Draftkings Inc||DKNG||Callaway Golf Company||ELY||Apparel Retail|
|Fastly Inc||FSLY||Sanchez Midstream Partners LP||SNMP||Semiconductors|
|Scholar Rock Holding Corp||SRRK||Liquid Media Group Ltd||YVR||Federal and federally sponsored credit|
Happy Friday all! I think all of us will welcome a two-day breather following a busy week. Financial Advisors have been slammed with an endless parade of earnings, election projections, Covid case numbers and economic headlines. Adding to the tension, this has been the worst weekly market performance since mid-March. It does not get any easier next week with a contentious election on tap. Rather than get caught up in the mudslinging and the headlines, let’s take a look at what your clients have been researching as we prepare to turn the calendar to November (and get closer to turning the page on 2020!).
Not surprisingly, the primary focus for the retail investor was the big tech space. Apple (#1), Amazon (#5), Advanced Micro (#6), Microsoft (#7), Pinterest (#8), Facebook (#11), Intel (#13), and Snap (#14) provided a tech heavy flavor to the total search category. Rather than inundate you with another round of commentary on these names, we wanted to focus on an under the radar play.
Harley Davidson (HOG) landed on the Surge category at #15. This is a name in a steady downward trend since May of 2014. Weakness stems from the idea that millennial consumers would fail to find an attraction to the iconic brand. This fear was substantiated by a steady decline in overall earnings and delivery performance. However, HOG was able to provide a pleasant third quarter surprise with a 77-cent bottom line beat while outpacing expectations on the top line and deliveries. The upside surprise comes as the company embarks on its new strategy called ‘The Rewire’. Following results, shares of HOG surged to test its six-year downward trend line. Shares were rejected at this resistance level and are coming back in to test key support at $30-32. Morgan Stanley downgraded the stock after results, citing an over exuberance by investors around the new company direction. The future of HOG remains in question, but it is finding interest in research results and we would put HOG on your radar.
Other names of interest:
RIDE (#1 surge)- Lordstown Motors is the latest SPAC EV play, formerly owned by General Motors.
Scholar Rock Holding (#2 surge)- Clinical-stage biopharma name that provided positive Phase 2 trial results on its Spinal Muscular Atrophy drug and did a secondary offering this week.
SAP- (#6 surge)- Disappointing Q3 results Monday morning helped set the negative tone for markets.