The S&P 500 Has Gone Electric

“An investment in knowledge pays the best interest.” ~ Benjamin Franklin

Dear Trader,

Welcome to today’s edition of Wall Street Connected.

Recently announcing plans to join the S&P 500, Tesla Inc. (TSLA) has received multiple upgrades and higher price targets from well established financial firms this week.

As a company which provides consistent year-over-year growth in its stock price and offers environmentally friendly products, Tesla Inc. can be referred to as an Environmental, Social and Governance (ESG) investment.

ESG is a class of investing that is becoming more mainstream and is distinct because of the strategy’s focus on both positive returns and long-term benefits to society.

And you’ll notice the electric vehicle giant ranking #1 in surging traffic by financial professionals with over one billion U.S. dollars in assets under management…

Halfway through a week which has been headlined by Pfizer’s COVID-19 vaccine being 95% effective and Moderna’s COVID-19 vaccine being 94.5% effective, biotechnology has been a high-demand industry for traders and investors alike.

And biotechnology is currently the #1 surging industry by financial professionals with over one billion U.S. dollars in assets under management.

TrackStarIQ Data

Here are some highlights from FA searches this week:

RANKTOP SEARCHES BY FAs (Surging Traffic) This Week [STOCKS]TOP SEARCHES BY FAs w/ AUM>$1B (Surging Traffic) This Week [STOCKS]TOP INDUSTRY SEARCHES BY FAs (Surging Traffic) This Week [EQUITIES]TOP INDUSTRY SEARCHES BY FAs w/ AUM>$1B (Surging Traffic) This Week [EQUITIES]
1ATHETSLAWholesale-Groceries & Related ProductsBiotechnology
2TSSICBATInsurance – ReinsuranceAuto Manufacturers
3RMGDDOGWaste ManagementSoftware – Application
4CHWYWWRMedical DistributionElectrical Equipment & Parts
5LXRXHPRMetal FabricationDrug Manufacturers – Specialty & Generic
6YELPDKNGSolarInternet Retail
7CTIBATHEIndustrial Metals & MineralsAerospace & Defense
8KTELURIBusiness services, miscInternet Content & Information
9IMMRSDCTrusts, miscSemiconductors
10LEASMRNALaboratory apparatus and furnitureDiagnostics & Research
11TSLAKZIAFarm & Heavy Construction MachineryCredit Services
12CSIQCYCNREIT – RetailConglomerates
13NCRCRSRTools & AccessoriesOil & Gas E&P
14AHCXOMOther Industrial Metals & MiningSoftware – Infrastructure
15BBVAAMZNElectrical Equipment & PartsEntertainment
16TOPZAMRNAuto ManufacturersMedical Devices
17ABMLGPPlastics products, miscCommunication Equipment
18DNKNETDiscount StoresDrug Manufacturers – General
19IDWMBLDPScientific & Technical InstrumentsSpecialty Retail
20SQBGPCGPrepackaged softwareSpecialty Industrial Machinery

What We’re Reading:

  1. While the electric vehicle market has been dominated by TSLA and up-and-coming Chinese companies in recent weeks, one U.S. automotive manufacturer has been quietly stepping into the electric vehicle market as well. Full story…
  2. Nearly two years after the Boeing Co (BA) 737 Max was grounded due to safety issues, the Federal Aviation Administration has officially cleared the aircraft to fly once again. Continue reading…
  3. The Oracle of Omaha has been making new additions to his multi-billion dollar investment portfolio. That’s right, Warren Buffett himself is on the move. See Buffett’s bets…

What We’re Watching:

Aptevo Therapeutics (AVPO) was recently upgraded three times over by financial analysts.

What could be next for this stock?

Wall Street Connected is here to bring you insight.

Check it out…


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