“Financial fitness is not a pipe dream or a state of mind. It’s a reality if you are willing to pursue it and embrace it.” ~ Will Robinson, Lost in Space
Dear Trader,
Welcome to today’s edition of Wall Street Connected.
Halfway through what has been a week headlined by Pfizer’s COVID-19 vaccine progress and sector rotation in the stock market, some investors may be seeking minimal volatility, but we’re here to cover stock and industry research that is surging amongst financial professionals.
With a vaccine expected to soften preventative measures such as social distancing and lift retail restrictions, it’s interesting to see retail stocks ranking #5 and #6 in surging traffic by financial professionals.
JCPenney (JCPNQ) and Dave & Busters (PLAY) have struggled through the pandemic of 2020 reflected by both stocks having decreased by more than 50% in price-per-share since March.
Following Pfizer’s recent announcement of having created a 90% effective vaccine, the biotech giant recently sealed a 200M dose vaccine supply deal with the European Commission.
With much anticipation for an effective COVID-19 vaccine, one may be able to understand why biotechnology is the #1 surging industry by FAs with $1B+ in assets under management.
TrackStarIQ Data
Here are some highlights from FA searches last week:
| RANK | TOP SEARCHES BY FAs (Surging Traffic) Previous Week [STOCKS] | TOP SEARCHES BY FAs w/ AUM>$1B (Surging Traffic) Previous Week [STOCKS] | TOP INDUSTRY SEARCHES BY FAs w/ AUM>$1B (Surging Traffic) Previous Week [EQUITIES] | TOP INDUSTRY SEARCHES BY FAs w/ AUM>$1B (Surging Traffic) Previous Week [EQUITIES] |
|---|---|---|---|---|
| 1 | GTEC | IGC | Federal savings institutions | Biotechnology |
| 2 | WISA | AHT | Retail-Nonstore Retailers | Drug Manufacturers – Specialty & Generic |
| 3 | FLEX | ACB | REIT – Hotel & Motel | Software – Application |
| 4 | LOGN | INO | Home Improvement Retail | Internet Retail |
| 5 | JCPNQ | AMC | Metal Mining | Auto Manufacturers |
| 6 | PLAY | TLRY | Pharmaceutical Retailers | Credit Services |
| 7 | STRL | ADMP | Drug Manufacturers – General | Internet Content & Information |
| 8 | UNICY | BLNK | Recreational Vehicles | Diagnostics & Research |
| 9 | HMTV | MOGO | Farm Products | Drug Manufacturers – General |
| 10 | GSL | SNDL | Travel Services | Semiconductors |
| 11 | OTGLY | AGTK | Drug Manufacturers – Specialty & Generic | Conglomerates |
| 12 | AHT | FUNFF | Healthcare Plans | Aerospace & Defense |
| 13 | ARCT | STNG | Packaged Foods | Software – Infrastructure |
| 14 | MEDS | BA | Subdivisers and developers, misc | Packaged Foods |
| 15 | BORR | VFF | Internet Retail | Consumer Electronics |
| 16 | RIO | ETSY | Integrated Freight & Logistics | Electrical Equipment & Parts |
| 17 | FUNFF | DPW | Entertainment | Oil & Gas E&P |
| 18 | XPO | GBT | Services-Misc Health & Allied Services, NEC | Entertainment |
| 19 | HFC | CCL | Insurance – Property & Casualty | Specialty Industrial Machinery |
| 20 | FPRX | JNJ | Tools & Accessories | Telecom Services |
What We’re Reading:
- In recent days, markets have witnessed what is known as sector rotation. Money came out of Nasdaq stocks and was reinvested into Dow Jones Industrial stocks. With that said, one niche within the Nasdaq led its rebound this morning, and it’s not a niche one may think it is. Details available here…
- Shares of Beyond Meat have been under pressure this week after reporting lower-than-expected earnings. But Beyond Meat isn’t the only company which has reported earnings this week. In fact, there have been a couple surprise earnings winners. Take a look…
- Cannabis stocks have made for fast-moving trades to the upside and to the downside in recent trading days. Two low-priced cannabis stocks could return up to 400% under Biden’s administration. Check them out…
What We’re Watching:
Raytheon Technologies (RTX) has been a hot stock amongst traders, investors and analysts in recent days.
Between a short-term selloff, insider buying and a recent earnings beat, there’s no shortage of technical and fundamental analysis to be studied.
Take a look at what Smart Money has to say
-InvestingChannel
P.S. Funds which carry low volatility appeal to many buy-and-hold investors who don’t enjoy the risk of investing in individual stocks. If this sounds like you, take a look at these.