#Dow30k 📈📉

“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:

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]
1YJIDEXMiscellaneous Manufacturing IndustriesPrepackaged software
2GPRENIUBuilding MaterialsConglomerates
3MOHOKXINDiversified IndustrialsAuto Manufacturers
4BSRTFBJData processing and preparationPollution & Treatment Controls
5OESXAYROAuto & Truck DealershipsBanks – Diversified
6EXPIDNDOil and gas exploration servicesSoftware – Application
7FTEKENDPBeverages – BrewersAuto Manufacturers
8FRMEHPGSFMarine ShippingSpecialty Retail
9FMCCIGCFederal and federally sponsored creditHome Improvement Retail
10HYBEDPWCommunications equipment, miscAuto & Truck Dealerships
11CZNIBHCComputer integrated systems designBanks – Regional
12MTORENGServices-Personal ServicesSpecialty Retail
13OZONDISGold oresConglomerates
14GOOSCATEngineering & ConstructionPaperboard Containers & Boxes
15JNSHORCLBroadcastingBiotechnology
16XINESInsurance – DiversifiedElectrical Equipment & Parts
17FRSXMITKWomen’s, Misses’, Children’s & Infants’ UndergarmentsSoftware – Application
18CPMDNBACConglomeratesElectrical Equipment & Parts
19IDVVXPEVSolarTrusts, misc
20CAASBKYIState commercial banksCutlery, 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:

  1. 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…
  2. 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…
  3. 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.

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