On Wednesday, we focus on ETFs and stocks that see a surge in research activity by Financial Advisors when compared to the prior week’s activity. The idea is to find hot ideas that are seeing increased interest from Financial Advisors. We know where the increased interest will be the next two days as two of the most eagerly anticipated IPOs- DoorDash and Airbnb- will hit the markets. While market pundits watch these IPO valuations jump sky high, we wanted to take a look at another area that is showing a surge in interest among your peers.
- Trivia Question- DoorDash and C3.ai are set to IPO today with the long awaited Airbnb IPO rolling out tomorrow. Can you name the largest IPO in the history of the United States markets?
Uranium jumped into focus for Financial Advisors the past two days. Uranium was the Top Industry search by All Financial Advisors and the North Shore Global Uranium Mining ETF (URNM) was the second highest researched ETF. The interest was driven by news that the U.S. Senate Committee on Environment and Public Works passed a bill that approves the establishment of a national uranium strategic reserve. The bill has bipartisan support in the Senate and is expected to pass in the coming weeks.
TrackStarIQ Data
Here are some highlights of research surges* this week –
| RANK | TOP ETFS – BY ALL FAs (Surge Traffic) This Week | Ticker | TOP STOCKS BY RETAIL (Surge Traffic) This Week | Ticker | TOP INDUSTRIES BY ALL FAs (Surge Traffic) This Week | TOP ETF CATEGORIES BY ALL FAs (Surge Traffic) This Week |
|---|---|---|---|---|---|---|
| 1 | Vanguard Mega Cap ETF | MGC | Neurometrix Inc | NURO | Uranium | Commodity Producers Equities |
| 2 | North Shore Global Uranium Mining ETF | URNM | Humble Energy, Inc. | HUML | Services-Miscellaneous Amusement & Recreation | Hedge Fund |
| 3 | First Trust NASDAQ 100 Technology | QTEC | Perion Network Ltd | PERI | Motor vehicle parts and accessories | Mortgage Backed Securities |
| 4 | iShares MSCI South Korea ETF | EWY | Singlepoint, Inc. | SING | Telephone and telegraph apparatus | Emerging Markets Bonds |
| 5 | Defiance Next Gen Connectivity ETF | FIVG | FDCTech, Inc. | FDCT | Food Distribution | Oil & Gas |
| 6 | Invesco S&P MidCap Momentum ETF | XMMO | Greenland Technologies Holding Corp | GTEC | Other Precious Metals & Mining | Corporate Bonds |
| 7 | iShares Russell Midcap Growth ETF | IWP | Igm Biosciences Inc | IGMS | Marine Shipping | Government Bonds |
| 8 | SPDR S&P Retail ETF | XRT | Sanchez Midstream Partners LP | SNMP | Specialty Business Services | Global Equities |
| 9 | SP Funds S&P 500 Sharia Industry Exclusions ETF | SPUS | American Leisure Holdings, Inc. | AMLH | Real Estate – Development | All Cap Equities |
| 10 | iPath?Series B Bloomberg Coffee Subindex Total Return?ETN | JO | Lydall Inc | LDL | REIT – Healthcare Facilities | Financials Equities |
| 11 | VanEck Vectors Video Gaming and eSports ETF | ESPO | Arcelormittal | MT | Motors and generators | Small Cap Blend Equities |
| 12 | Invesco DB Agriculture Fund | DBA | Atlantis Internet Group Corp. | ATIG | Beverages – Brewers | Leveraged Currency |
| 13 | Invesco S&P 500? Equal Weight ETF | RSP | Walter Energy Inc | WLTGQ | Building Products & Equipment | Inverse Equities |
| 14 | RPAR Risk Parity ETF | RPAR | On Semiconductor | ON | Utilities – Independent Power Producers | Small Cap Value Equities |
| 15 | VanEck Vectors Rare Earth/Strategic Metals ETF | REMX | Harmony Gold Mining CO Ltd | HMY | Floor laying and floor work, misc | Preferred Stock/Convertible Bonds |
| 16 | ProShares Ultra S&P 500 | SSO | Teledyne Technologies Inc | TDY | Beverages | Precious Metals |
| 17 | ProShares Short S&P 500 | SH | Fate Therapeutics | FATE | Tobacco Products | Leveraged Commodities |
| 18 | Inspire 100 ETF | BIBL | Gamida Cell Ltd | GMDA | Farm & Heavy Construction Machinery | Technology Equities |
| 19 | ProShares UltraShort QQQ | QID | Obitx Inc. | OBTX | Services-Computer Programming, Data Processing, Etc. | Leveraged Equities |
| 20 | SPDR Portfolio S&P 1500 Composite Stock Market ETF | SPTM | Michael Anthony Jewelers, Inc. | MAJJ | Waste Management | Inflation-Protected Bonds |
*- Surge data is based on the average traffic from the past two days compared to the average traffic from the previous market week.
URNM seeks to provide investment results that correspond to the total return performance of the North Shore Global Uranium Mining Index. It tracks the performance of companies that are involved in the mining, exploration, development, and production of uranium as well as companies that hold physical uranium. The fund, launched one year ago on December 3, 2019, has returned an impressive 28%. It is a lower liquidity ETF with an average daily dollar volume of $371K and the Expense Ratio is also high at 0.85%. We would expect uranium to remain in focus as we await the Senate’s final vote on the bill.
Other names of interest include:
- Global X Uranium ETF (URA)- This is the more established ETF that offers greater liquidity and a lower expense ratio (0.71% vs 0.85%) when compared to URNM. URA has trailed URNM in returns since URNM’s inception (21% vs 28%).
- Cameco Corp (CCJ)- For those looking for corporate exposure, CCJ represents the heaviest weighting in the URNM (14.2%). CCJ is attempting to breakout above a key resistance level ($12) after a long period of sideway trade in the $9-12 area.
- iShares MSCI Australia ETF (EWA)- Australia is the global leader in uranium mining and export. It supplies uranium to American utilities and should be a primary beneficiary of a U.S. uranium stockpile effort. Australia also happens to be the largest miner and exporter of lithium, a key ingredient in the electric vehicle space.
Trivia Answer- Alibaba Group Holding Limited (BABA) went public on September 18, 2014 at $21.8 bln. Four days later underwriters exercised an option to sell more shares, bringing the total to $25 bln. General Motors (GM) emerged from bankruptcy on November 16, 2010 and is the largest IPO for a U.S.-based company at $20.1 bln.