We hope all our readers had a great holiday weekend. Tomorrow, market participants will wipe the long weekend coal from their eyes and prepare for the final week of trade in 2020. It will be a relatively quiet week which is the norm for this time of the year. Chinese internet plays Sina (SINA) and Weibo (WB) are the only impactful earnings. Economic data is quiet with S&P Case Shiller Pricing, International Trade of Goods, Claims, and Chicago PMI being the headliners. Headline risk around the stimulus will be a key theme as markets await the next step following President Trump’s 11th hour objections to the stimulus bill.
- Trivia Question- On May 17, 1792 this agreement was signed by 24 stock brokers and merchants, creating the first ‘stock exchange’. (Answer below)
To help prepare you for the upcoming week, we wanted to take a look at the popular stocks your clients were researching last week. In particular, we wanted to highlight fuboTV Inc (FUBO) which was a volatile name and will remain in the spotlight. FUBO is a play on the hot streaming and cord-cutting space. The pandemic has accelerated the growth and acceptance of streaming technology and this area promises to be in focus for investors in 2021.
TrackStarIQ Data
Here are some highlights from Retail searches this week –
| Rank | TOP STOCKS – BY Retail (Total Traffic) This Past Week | Ticker | TOP STOCKS- BY RETAIL (Surge Traffic) This Past Week | Ticker | TOP ETFs By RETAIL (Total Traffic) This Past Week | Ticker |
|---|---|---|---|---|---|---|
| 1 | Tesla Inc | TSLA | Air T Inc | AIRT | SPDR S&P 500 ETF | SPY |
| 2 | Ocugen Inc | OCGN | Eaton Vance Tax Advantaged Dividend | EVT | ARK Innovation ETF | ARKK |
| 3 | Apple Inc | AAPL | Addex Therapeutics Ltd ADR | ADXN | Invesco QQQ | QQQ |
| 4 | Alibaba Group Holding | BABA | Sifco Industries Inc | SIF | ARK Genomic Revolution ETF | ARKG |
| 5 | Nio Inc | NIO | Fat Brands Inc | FAT | ProShares Ultra VIX Short-Term Futures | UVXY |
| 6 | Microvision | MVIS | Neoleukin Therapeutics Inc | NLTX | Consumer Discretionary Select Sector SPDR Fund | XLY |
| 7 | Jaguar Health Inc | JAGX | For The Earth Corp. | FTEG | Technology Select Sector SPDR Fund | XLK |
| 8 | Sundial Growers Inc | SNDL | Camber Energy Inc | CEI | iShares Silver Trust | SLV |
| 9 | Eversource Energy | ES | John B Sanfilippo | JBSS | iShares Russell 2000 ETF | IWM |
| 10 | FUBOTV INC. | FUBO | Senseonics Holdings Inc | SENS | Invesco Solar ETF | TAN |
| 11 | Fuelcell Energy Inc | FCEL | Lightbridge Corp | LTBR | VanEck Vectors Semiconductor ETF | SMH |
| 12 | Gevo Inc | GEVO | Mistras Group Inc | MG | ProShares UltraPro QQQ | TQQQ |
| 13 | Moderna Inc | MRNA | Alibaba Group Holding | BABA | Energy Select Sector SPDR Fund | XLE |
| 14 | AgEagle Aerial Systems Inc | UAVS | Odonate Therapeutics Inc | ODT | SPDR Gold Trust | GLD |
| 15 | Amazon.com Inc | AMZN | Avinger Inc | AVGR | iShares Global Clean Energy ETF | ICLN |
| 16 | Visa Inc | V | Evolving Systems Inc | EVOL | ARK Web x.0 ETF | ARKW |
| 17 | Pfizer Inc | PFE | FutureLand Corp. | FUTL | VanEck Vectors Gold Miners ETF | GDX |
| 18 | Sorrento Therpt | SRNE | Biolase Inc | BIOL | iPath Series B S&P 500 VIX Short-Term Futures ETN | VXX |
| 19 | AT&T Inc | T | Staffing 360 Solutions Inc | STAF | ARK Fintech Innovation ETF | ARKF |
| 20 | Gamestop Corp | GME | Metatron Inc | MRNJ | Global X Cloud Computing ETF | CLOU |
Shares of FUBO launched higher after breaking above $30-psyche resistance back on December 16. Shares accelerated last Monday, rallying from $40 to $60, after reports surfaced that the company is considering an exclusive partnership deal for live sports offerings. This would be a key score for FUBO as it has carved out a valuable niche among streaming services in sports programming. The dominance of sports programming by major networks has been one of the hold ups for perspective cord cutters. The rally to $60 led to questions around FUBO valuations as the Price-to-Sales peaked above 40x. This led to a number of analysts downgrading the stock based on valuation. Shares of FUBO would give up the majority of gains to close the week out at $44.18 which still represents a lofty 31x Price-to-Sales. The IPO Lock Up expiration is set for December 30 which will keep this stock on radars.
Other names of Interest:
- Ocugen (OCGN); #2 in Top Stocks by Retail (total traffic)- Stock spiked after it announced plans to partner with Bharat Biotech to develop COVAXIN, a COVID vaccine play. The stock would launch from $0.50 to $3 after the news, prompting the company to announce a secondary offering to raise cash.
- Microvision (MVIS); #6 in Top Stocks by Retail (total traffic)- Stock found its way onto radars after a Hindenberg Research report led to an uptick in short interest. MVIS operates in the 3D perceptive light detection and ranging (LiDAR) sensing space. It also has a frothy valuation of 130x Price-to-Sales which is why it has found itself in focus.
- Air-T, Inc (AIRT); #1 Top Stocks by Retail (surge stocks)- The latest SPAC play to see interest. Shares rallied 245% from $11 to $38 after it announced it entered into letters of intent with three separate asset investment firms to form a new aircraft asset management business called Contrail Aircraft Management and a new aircraft capital joint venture to be called Contrail Fund II. The new business and joint venture will be formed and capitalized by the end of January.
Trivia Answer- The Buttonwood Agreement which was named in reference to a local sycamore tree that members gathered under.