Optimism for Pfizer… and Cannabis

“How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case.” ~ Robert G. Allen

Dear Trader,

Welcome to today’s edition of Wall Street Connected.

As we enter a new week, traders and investors alike appear optimistic regarding the future of the global economy in response to Biden’s win and Pfizer announcing their COVID-19 vaccine is more than 90% effective.

It’s interesting that ranking #9 and #19 in total traffic by financial professionals over the course of this past week are – get this – cannabis stocks.

Cronos Group Inc (CRON) and Aurora Cannabis Inc (ACB) gained up to 66% in price-per-share as Biden’s gains in national polls raised cannabis reform hopes.

With much of the world patiently waiting for a COVID-19 vaccine, hearing that Pfizer’s newest vaccine attempt is more than 90% effective may come as a relief to many individuals.

Sourced by TrackStarIQ, financial professional data is ranking Biotechnology as the most searched industry by financial professionals with $1B+ in assets under management.

At our office, we don’t think that’s a coincidence…

TrackStarIQ Data

Here are some highlights from FA searches last week:

RANKTOP SEARCHES BY FAs (Total Traffic) Previous Week [STOCKS]TOP SEARCHES BY FAs w/ AUM>$1B (Total Traffic) Previous Week [STOCKS]TOP INDUSTRY SEARCHES BY FAs (Total Traffic) Previous Week [EQUITIES]TOP INDUSTRY SEARCHES BY FAs w/ AUM>$1B (Total Traffic) Previous Week [EQUITIES]
1BMYIWSYConsumer ElectronicsBiotechnology
2NIOWFCAuto ManufacturersSoftware – Application
3BABAAPVOAuto PartsDrug Manufacturers – General
4AAPLNIOUtilities – Regulated ElectricDrug Manufacturers – Specialty & Generic
5NEWSESGCInternet RetailInternet Retail
6BCRXGBTCBiotechnologyAuto Manufacturers
7WORKGMESemiconductorsCredit Services
8AMZNSOLCredit ServicesDiagnostics & Research
9CRONOMERBiotechnologyInternet Content & Information
10TSLAQEPCTelecom ServicesConsumer Electronics
11SNDLSQQQRental & Leasing ServicesSemiconductors
12ACADABMDSoftware – ApplicationSoftware – Infrastructure
13ESAMDSoftware – InfrastructureOil & Gas E&P
14PLUGUSLVFInternet Content & InformationSpecialty Industrial Machinery
15WKHSMGMSemiconductorsMedical Devices
16SRNEHOFVSpecialty RetailElectrical Equipment & Parts
17DKNGZTOScientific & Technical InstrumentsUtilities – Regulated Electric
20WFCZMAsset ManagementAerospace & Defense

What We’re Reading:

  1. Dr. Albert Bourla stated this morning that today is a great day for science and humanity, calling Pfizer’s COVID-19 vaccine progress “the most significant medical advance in the last 100 years.” Full story…
  2. With Netflix’s recent growth in the U.S. and Canada repeatedly leaving the streaming company with fewer prospective customers in those regions, is Netflix’s wisest move to pursue international audiences to increase its subscriber base? Click here for details.
  3. Sports betting is becoming an increasingly popular industry, with three states recently legalizing it. During the startup phase of what could soon be a Billion dollar industry, which stocks should you be watching? Take a look.

Emerging Opportunity:

While the S&P 500 opened about three percent higher this morning, multiple emerging market funds opened between four and five percent higher.

Could emerging markets outperform the S&P 500 if an effective vaccine is released?

Here are some emerging market funds we’re looking at.

What We’re Watching:

Through both the ups and down the stock market has seen in 2020, one small company in the laser and projection fields has been increasing in popularity by traders all around the world.

Wall Street Connected recently published a brief video discussing it.

You can watch it with this link.


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