“All our dreams can come true if we have the courage to pursue them.” ~Walt Disney
Dear Trader,
Welcome to today’s edition of Wall Street Connected.
Since we last wrote to you, some rotation has taken place in the stock market as several China-based electric vehicle stocks hit a short-term roadblock amid domestic scrutiny.
This happened as the Dow Jones Industrial Average eclipsed the 30,000 level – for the first time ever.
As we review surging traffic from financial professionals with $1B+ in assets under management, you’ll notice Walt Disney Company (DIS) ranking #13, and Caterpillar Inc (CAT) ranking #14 on Wall Street’s Billion-Dollar Watchlist.
Both Walt Disney Company (DIS) and Caterpillar Inc (CAT) are components of the Dow Jones Industrial Average, which opened flat today despite eclipsing 30,000 yesterday.
Amongst all financial professionals, you’ll notice Canada Goose Holdings Inc (GOOS) ranking #14 in surging traffic as the premium outerwear company was recently announced as one of the top three stocks to buy for December’s potential retail rally.
TrackStarIQ Data
Here are some highlights from FA searches this week:
| RANK | TOP 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] |
|---|---|---|---|---|
| 1 | YJ | IDEX | Miscellaneous Manufacturing Industries | Prepackaged software |
| 2 | GPRE | NIU | Building Materials | Conglomerates |
| 3 | MOHO | KXIN | Diversified Industrials | Auto Manufacturers |
| 4 | BSRTF | BJ | Data processing and preparation | Pollution & Treatment Controls |
| 5 | OESX | AYRO | Auto & Truck Dealerships | Banks – Diversified |
| 6 | EXP | IDND | Oil and gas exploration services | Software – Application |
| 7 | FTEK | ENDP | Beverages – Brewers | Auto Manufacturers |
| 8 | FRME | HPGSF | Marine Shipping | Specialty Retail |
| 9 | FMCC | IGC | Federal and federally sponsored credit | Home Improvement Retail |
| 10 | HYBE | DPW | Communications equipment, misc | Auto & Truck Dealerships |
| 11 | CZNI | BHC | Computer integrated systems design | Banks – Regional |
| 12 | MTOR | ENG | Services-Personal Services | Specialty Retail |
| 13 | OZON | DIS | Gold ores | Conglomerates |
| 14 | GOOS | CAT | Engineering & Construction | Paperboard Containers & Boxes |
| 15 | JNSH | ORCL | Broadcasting | Biotechnology |
| 16 | XIN | ES | Insurance – Diversified | Electrical Equipment & Parts |
| 17 | FRSX | MITK | Women’s, Misses’, Children’s & Infants’ Undergarments | Software – Application |
| 18 | CPMD | NBAC | Conglomerates | Electrical Equipment & Parts |
| 19 | IDVV | XPEV | Solar | Trusts, misc |
| 20 | CAAS | BKYI | State commercial banks | Cutlery, Handtools & General Hardware |
*- Surge data is based on the average traffic from the past two days compared to the average traffic from the previous market week.
What We’re Reading:
- Salesforce (CRM) is up 75% in 2020. When companies grow their revenues, they often look to buy smaller companies, and Salesforce could be about to make a new acquisition. Take a look…
- Tesla Inc (TSLA) recently issued two recalls covering about 9,500 vehicles for roof trim that may separate and bolts that may not have been properly tightened. Continue reading…
- If a COVID-19 vaccine is soon distributed, one “back to normal” stock could be poised for a potential revenue surge, and it’s not a biotechnology company. Here’s the stock…
What We’re Watching:
Sonos Inc (SONO) recently increased by 29%… overnight.
What could be next for this stock’s fundamentals?
Hear it from Wall Street Connected.
-InvestingChannel
P.S. As the Dow Jones Industrial Average eclipsed 30,000 on Tuesday, Emerging Markets outpaced the Dow Jones Industrial Average by percentage. Explore emerging markets today.