“Formal education will make you a living; self-education will make you a fortune.” ~ Jim Rohn
Welcome to today’s edition of Wall Street Connected.
Equites traded with a bump in volatility this week as dozens of biotechnology companies made new highs and new lows in a race to perfect a COVID-19 vaccine.
With Pfizer Inc. (PFE) having reported a 90% effective vaccine to kick off the week, shares of smaller biotechnology companies such as Moderna Inc. (MRNA) and ALX Oncology Holdings Inc. (ALXO) have also traded higher as emerging candidates to produce an effective COVID-19 vaccine.
With competition heating up in the biotechnology space, we’re witnessing biotechnology as the #1 industry by total traffic amongst financial professionals through this past week.
|RANK||TOP INDUSTRY (EQUITIES) BY FAs (Total Traffic) – This Past Week||TOP INDUSTRY (EQUITIES) BY FAs (Surging Traffic) – This Past Week||TOP SECTORS/CATEGORIES (ETFs) BY FAs (Total Traffic) – This Past Week||TOP SECTORS/CATEGORIES (ETFs) BY FAs (Surging Traffic) – This Past Week|
|1||Biotechnology||Drugstores and Proprietary Stores||Equity – Large Cap Growth Equities||Equity – Mid Cap Blend Equities|
|2||Drug Manufacturers – Specialty & Generic||Semiconductors and related devices||Equity – Leveraged Equities||Commodity – Commodities|
|3||Software – Application||Motion picture and video production||Equity – Technology Equities||Bond – Preferred Stock/Convertible Bonds|
|4||Internet Retail||REIT – Hotel & Motel||Commodity – Precious Metals||Commodity – Agricultural Commodities|
|5||Auto Manufacturers||Custom computer programming services||Equity – All Cap Equities||Bond – Leveraged Bonds|
|6||Credit Services||Home Improvement Retail||Equity – Materials||Equity – Industrials Equities|
|7||Internet Content & Information||Travel Services||Equity – Alternative Energy Equities||Equity – Latin America Equities|
|8||Diagnostics & Research||Packaged Foods||Equity – Small Cap Growth Equities||Equity – Transportation Equities|
|9||Semiconductors||Metal Mining||Equity – Health & Biotech Equities||Bond – Inflation-Protected Bonds|
|10||Drug Manufacturers – General||Medicinal and botanicals||Volatility – Leveraged Volatility||Bond – National Munis|
|11||Aerospace & Defense||Pharmaceutical Retailers||Equity – Energy Equities||Equity – MLPs|
|12||Conglomerates||Trucking||Equity – Industrials Equities||Equity – Emerging Markets Equities|
|13||Software – Infrastructure||Medical Care Facilities||Equity – Financials Equities||Equity – Energy Equities|
|14||Electrical Equipment & Parts||Packaging & Containers||Equity – Small Cap Blend Equities||Equity – Foreign Large Cap Equities|
|15||Consumer Electronics||Airlines||Equity – Asia Pacific Equities||Equity – Inverse Equities|
|16||Entertainment||Integrated Freight & Logistics||Volatility – Volatility||Equity – Small Cap Value Equities|
|17||Oil & Gas E&P||Oil & Gas Drilling||Equity – Large Cap Blend Equities||Commodity – Metals|
|18||Specialty Retail||Insurance – Property & Casualty||Bond – Government Bonds||Commodity – Leveraged Commodities|
|19||Packaged Foods||Department Stores||Equity – China Equities||Equity – Europe Equities|
|20||Specialty Industrial Machinery||REIT – Residential||Commodity – Oil & Gas||Equity – Large Cap Value Equities|
While a vaccine led global equity rally kicked off the week, global equities fell as the week progressed, European equities in particular.
Many traders and investors are unaware of the fact that the performance of European equities and Chinese equities have a direct impact on the performance of U.S. futures markets.
And through this past week, European equity Exchange Traded Funds ranked #19 in surging traffic amongst financial professionals…
What We’re Reading:
- Oil stocks have had a wild ride through the coronavirus pandemic of 2020. This past week, volatility in oil surged to the surprise of many traders. Full story…
- Crypto has been a hot topic on Wall Street. With crypto crimes decreasing in 2020, could Crypto increase in popularity in 2021? Continue reading…
- Diwali festivals have kicked off in India after months of lockdowns. With an increase in festivities, are precautionary measures being implemented? Take a look…
What We’re Watching:
Earnings season is notorious for isolating individual stocks which may be leaders or laggards in their respective sector.
Stocks can move 40% or more in one earnings report.
The question many traders are left with is “how can I trade stocks through earnings season?”
P.S. Did you know Chinese investments can outperform U.S. investments? There’s a reason Chinese investments have become more and more popular. Check them out by clicking here.