“Happiness is not in the mere possession of money; it lies in the joy of achievement, in the thrill of creative effort.” ~ Franklin D. Roosevelt
Welcome to today’s edition of Wall Street Connected. As we head into the week, headlines are dominated by the continued U.S. presidential race and, unfortunately, increasing COVID-19 cases. Each Friday, we’ll pair expert market insight with the highest demand industries and sectors by financial professionals, verified by institutional data-flow.(more on a well-known personal product stock).
With global stay-at-home mandates and travel restrictions slowly increasing, consumers are furnishing their households, stocking up on personal products, and potentially preparing for a second round of week-over-week stay-at-home mandates yet to be re-implemented.
During the post-election rally markets enjoyed on Wednesday and Thursday, GLD and SLV witnessed triple their average daily trading volume and increased by over 3% in price-per-share, respectively. SPDR Gold Shares (GLD) and the iShares Silver Trust (SLV) are precious metal Exchange Traded Funds, which rank #19 in demand on financial professional surging traffic.
You can also notice that Currency Exchange Traded Funds rank #8 in surging traffic by financial professionals. As noted above, while precious metals enjoyed a short-term bull run in recent days, the U.S. Dollar Index Bullish Fund (UUP) decreased by 2% in price-per-share during that same time-frame (more on UUP)…
|RANK||TOP SECTORS (EQUITIES) BY FAs (Total Traffic) – This Past Week||TOP SECTORS (EQUITIES) BY FAs (Surging Traffic) – This Past Week||TOP SECTORS/CATEGORIES (ETFs) BY FAs (Surging Traffic) – This Past Week||TOP INDUSTRY SEARCHES BY FAs w/ AUM>$1B (Surging Traffic) Previous Week [EQUITIES]|
|1||Biotechnology||Federal and federally sponsored credit||Equity – Large Cap Growth Equities||Equity – Europe Equities|
|2||Software – Application||Gold and Silver Ores||Equity – Large Cap Blend Equities||Equity – Large Cap Blend Equities|
|3||Auto Manufacturers||Management consulting services||Equity – Technology Equities||Equity – Small Cap Blend Equities|
|4||Drug Manufacturers – Specialty & Generic||Subdivisers and developers, misc||Volatility – Leveraged Volatility||Bond – Leveraged Bonds|
|5||Credit Services||Household & Personal Products||Commodity – Precious Metals||Equity – Materials|
|6||Internet Retail||Broadcasting||Equity – Alternative Energy Equities||Equity – Water Equities|
|7||Diagnostics & Research||REIT – Industrial||Equity – All Cap Equities||Equity – Mid Cap Growth Equities|
|8||Internet Content & Information||Trusts, misc||Equity – Health & Biotech Equities||Currency – Currency|
|9||Consumer Electronics||Banks – Diversified||Equity – Materials||Equity – Technology Equities|
|10||Software – Infrastructure||Retail-Eating & Drinking Places||Volatility – Volatility||Bond – National Munis|
|11||Semiconductors||Drug Manufacturers – Specialty & Generic||Equity – Small Cap Growth Equities||Real Estate – Global Real Estate|
|12||Oil & Gas E&P||Insurance – Property & Casualty||Equity – Energy Equities||Equity – Small Cap Growth Equities|
|13||Medical Devices||REIT – Office||Equity – Large Cap Blend Equities||Equity – Financials Equities|
|14||Leisure||Surgical and medical instruments||Equity – Financials Equities||Equity – Asia Pacific Equities|
|15||Drug Manufacturers – General||Engineering & Construction||Equity – Asia Pacific Equities||Real Estate – Real Estate|
|16||Electrical Equipment & Parts||Metal Mining||Equity – China Equities||Equity – Consumer Discretionary Equities|
|17||Utilities – Regulated Electric||Advertising Agencies||Bond – Government Bonds||Equity – Latin America Equities|
|18||Specialty Industrial Machinery||Agricultural Inputs||Equity – Consumer Discretionary Equities||Bond – Corporate Bonds|
|19||Auto Parts||Telephone and telegraph apparatus||Commodity – Leveraged Commodities||Commodity – Precious Metals|
|20||Aerospace & Defense||Insurance – Life||Commodity – Oil & Gas||Bond – Emerging Markets Bonds|
What We’re Reading:
- While the S&P 500 is on track for its best month since April, futures slipped this morning ahead of the jobs report and a continued wait for an election result. Full story…
- Through the COVID-19 pandemic of 2020, Square (SQ) has become one of the most popular payment processors in the country. While SQ is actively traded by full-time traders, given its recent increase of 1,100% in quarterly revenue, is SQ now an investment candidate? Take a look…
- While SQ has enjoyed a 1,100% increase in quarterly revenue, given current travel restrictions and social distancing measures in place, some companies have reported greater-than-expected quarterly losses in 2020. Ride-sharing companies such as Uber Technologies (UBER) fit that category. More on UBER’s recent earnings report.
What We’re Watching:
With anticipation of the election in the rear-view mirrors of many traders and investors, is it too late to position yourself for the election?
Opinions may vary from reader to reader, but here’s what Pros & Cons has to say…