Advisors See Huge Potential in These COVID-19 Stocks

August 2020 is shaping up to be the best month of August for Wall Street in more than 30 years. The S&P 500 is up 7.2% for the month, and the Nasdaq Composite has surged 9.2%. The relative strength in the large-cap Nasdaq names isn’t lost on financial advisors, who continue to show strong interest in names like Apple (AAPL), Tesla (TSLA), and Amazon (AMZN).

As COVID-19 cases continue to rise, biotech is another important focal point for financial advisors, according to TrackStarIQ Rankings. While Sorrento Therapeutics (SRNE) was the most researched ticker among all individual stocks, Innovio Pharmaceuticals (INO), Novavax (NVAX), and iBio (IBIO) are also among the top 20 stock tickers in August as well. Biotechnology was also the most heavily researched industry group, followed by application software and diagnostics & research.

On the ETF front, SPDR 500 Trust (SPY) and Invesco QQQ Trust (QQQ) are seeing the most engagement. The precious metal group has also been an important theme, as VanEck Vectors Gold Mining ETF (GDX), iShares Silver Fund (SLV), and SPDR Gold Trust (GLD) are getting a fair share of eyeballs as well. Lastly, the top ETF categories are large-cap equities, leveraged equities, and precious metals.

Below please find the complete rankings of top 20 stocks, industry groups, exchange traded funds, and ETF categories by financial advisor engagement in August 2020:

Top Stocks by Total FA Traffic (August 2020):

Rank      Ticker      Company     
3 AAPL Apple
2 TSLA Tesla
1 SRNE Sorrento Therapeutics

Top Industry Groups by FA Traffic (August 2020):

Rank      Industry Group     
3 Diagnostics & Research
2 Software – Application
1 Biotechnology

Top ETF by Total FA Traffic (August 2020):

Rank      Ticker      ETF     
3 GDX VanEck Vectors Gold Mining ETF
2 QQQ Invesco QQQ Trust
1 SPY SPDR 500 Trust

Top ETF Categories by FA Traffic (August 2020):

Rank      ETF Category     
3 Precious Metals
2 Leveraged Equities
1 Large Cap Growth Equities

Rank (Verified FA Traffic) Top 20 Researched Stocks by Financial Advisors in August Top 20 Researched Industry Groups by Financial Advisors in August Top 20 Researched ETFs by Financial Advisors in August Top 20 Researched ETF Categories by Financial Advisors in August
1 SRNE Biotechnology SPY Large Cap Growth Equities
2 INO Software – Application QQQ Leveraged Equities
3 TSLA Diagnostics & Research GDX Precious Metals
4 AAPL Auto Manufacturers SLV Materials
5 IBIO Internet Retail GLD Small Cap Growth Equities
6 NIO Semiconductors IWM Leveraged Commodities
7 INO Internet Content & Information XLF Technology Equities
8 XSPA Software – Infrastructure TLT All Cap Equities
9 MVIS Medical Devices TQQQ Government Bonds
10 AMZN Drug Manufacturers – Specialty & Generic XLK Health & Biotech Equities
11 WORK Consumer Electronics GUSH Financials Equities
12 BABA Conglomerates ARKK Oil & Gas
13 SMTI Entertainment NUGT Industrials Equities
14 TRVN Oil & Gas E&P USO MLPs
15 GEVO Specialty Chemicals ARKW Large Cap Blend Equities
16 WKHS Aerospace & Defense AMLP Europe Equities
17 RKT Communication Equipment DGAZ Energy Equities
18 HTBX Scientific & Technical Instruments JNUG Emerging Markets Equities
19 NVAX Specialty Retail IJH Global Equities
20 AMRS Oil & Gas Midstream DIA Small Cap Blend Equities

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