Is Slack Going the Way of the Blackberry? - InvestingChannel

Is Slack Going the Way of the Blackberry?

Shares of Slack (WORK) slumped 20% last week after the company posted earnings that topped analyst estimates, but a drop in billings raised concerns that the company is losing ground to competitors. The San Francisco, Calif. technology company provides a channel-based messaging platform for business and is considered to be one of the beneficiaries of the recent work-from-home trend that has emerged during the pandemic.

As shares came under fire, Slack was the third most read stock ticker by financial advisors behind Tesla (TSLA) and Apple (AAPL) last week, according to TrackStarIQ rankings. Readers were likely researching the stock to understand why shares were falling in the face of stronger-than-expected headline EPS and revenue numbers while attempting to determine if the drop in shares creates an investment opportunity.

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

Top Stocks by Total FA Traffic* :

Rank      Ticker      Company     
3 WORK Slack Technologies
2 AAPL Apple Inc
1 TSLA Tesla

Top Industry Groups by FA Traffic* :

Rank      Industry Group     
3 Auto Manufacturers
2 Software – Application
1 Biotechnology

Top ETF by Total FA Traffic* :

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* :

Rank      ETF Category     
3 Materials
2 Leveraged Equities
1 Large Cap Growth Equities

*Total Traffic is defined as pageviews for the week ended Sept. 11, 2020.

Rank (Verified FA Traffic) Top Stocks Ranked by Financial Advisor Traffic Over the Past Week Ticker Top Industry Groups Ranked by Financial Advisor Traffic Over the Past Week Top ETFs Ranked by Financial Advisor Traffic Over the Past Week Ticker Top ETF Categories Ranked by Financial Advisor Traffic Over the Past Week
1 Tesla Inc TSLA Biotechnology SPDR S&P 500 ETF SPY Large Cap Growth Equities
2 Apple Inc AAPL Software – Application Invesco QQQ QQQ Leveraged Equities
3 Slack Technologies Inc WORK Auto Manufacturers VanEck Vectors Gold Miners ETF GDX Materials
4 Peloton Interactive Inc PTON Consumer Electronics SPDR Gold Trust GLD Precious Metals
5 Workhorse Group Inc WKHS Specialty Industrial Machinery Direxion Daily Technology Bear 3X Shares TECS Technology Equities
6 Inovio Pharmaceuticals Inc INO Diagnostics & Research Technology Select Sector SPDR Fund XLK Small Cap Growth Equities
7 PPL Corp PPL Software – Infrastructure ProShares UltraPro Short QQQ SQQQ Leveraged Commodities
8 NewStar Financial Inc NEWS Medical Devices ProShares UltraPro QQQ TQQQ Financials Equities
9 Sorrento Therapeutics Inc SRNE Conglomerates ARK Web x.0 ETF ARKW Large Cap Blend Equities
10 XpresSpa Group Inc XSPA Aerospace & Defense Financial Select Sector SPDR Fund XLF Agricultural Commodities
11 iBio Inc IBIO Internet Retail iShares Russell 2000 ETF IWM Preferred Stock/Convertible Bonds
12 NIO Inc NIO Credit Services SPDR Barclays Capital Convertible Bond ETF CWB Corporate Bonds
13 Altigen Communications, Inc. ATGN Drug Manufacturers – Specialty & Generic ARK Innovation ETF ARKK Government Bonds
14 Amazon Com Inc AMZN Auto Parts iShares Silver Trust SLV High Yield Bonds
15 Novan Inc NOVN Oil & Gas E&P Direxion Daily CSI China Internet Index Bull 2x Shares CWEB Asia Pacific Equities
16 Trillium Therapeutics Inc TRIL Specialty Retail ProShares UltraShort Bloomberg Natural Gas KOLD Oil & Gas
17 Ecoark Holdings, Inc. ZEST Semiconductors Teucrium Wheat WEAT Health & Biotech Equities
18 Sanara MedTech Inc. SMTI Entertainment Global X Cloud Computing ETF CLOU Mid Cap Growth Equities
19 Biocryst Pharmaceuticals Inc BCRX Utilities – Regulated Electric SPDR Dow Jones Industrial Average ETF DIA Energy Equities
20 Gevo Inc GEVO Internet Content & Information VanEck Vectors Indonesia Index ETF IDX Industrials Equities

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