“Wealth is the ability to fully experience life.” ~ Henry David Thoreau
Welcome to today’s edition of Wall Street Connected.
Some of the most popular stocks amongst traders had a tough week last week, as many electric vehicle stocks dropped by 20% in price-per-share.
In fact, Tesla Inc (TLSA) is ranking #4 in financial professional searches from last week as the electric vehicle giant issues two recalls covering 9,500 U.S. vehicles and China-based Electrameccanica Vehicles Corp (SOLO), also an electric vehicle stock, is ranking #20…
After Wall Street has had some time to react to Pfizer Inc (PFE) and Moderna Inc (MRNA) releasing positive COVID-19 vaccine news, biotechnology is ranking #1 in top searched industries by financial professionals for the second week in a row.
Here are some highlights from FA searches from this past week:
|RANK||TOP SEARCHES BY FAs (Total Traffic) Previous Week [STOCKS]||TOP SEARCHES BY FAs w/ AUM>$1B (Total Traffic) Previous Week [STOCKS]||TOP INDUSTRY SEARCHES BY FAs (Total Traffic) Previous Week [EQUITIES]||TOP INDUSTRY SEARCHES BY FAs w/ AUM>$1B (Total Traffic) Previous Week [EQUITIES]|
|2||GBTC||LCA||Software – Application||Conglomerates|
|4||TSLA||SOLO||Consumer Electronics||Auto Manufacturers|
|5||IDEX||WFC||Specialty Chemicals||Banks – Diversified|
|7||NIO||YJ||Drug Manufacturers – Specialty & Generic||Specialty Retail|
|8||FCEL||FSR||Internet Retail||Insurance – Property & Casualty|
|9||SNAP||FTEK||Electrical Equipment & Parts||Pollution & Treatment Controls|
|10||SNDL||IDEX||Internet Content & Information||Software – Application|
|11||GEVO||WORK||Specialty Retail||Software – Application|
|12||NEWS||ENZ||Diagnostics & Research||Diagnostics & Research|
|13||LCA||OMER||Oil & Gas E&P||Biotechnology|
|14||AMZN||FUBO||Credit Services||Motion picture and video production|
|16||WKHS||BCLI||Software – Infrastructure||Biotechnology|
|17||BCRX||SPCE||Medical Devices||Aerospace & Defense|
|18||TLRY||QEPC||Auto Parts||Cutlery, Handtools & General Hardware|
|19||JMIA||APXT||Aerospace & Defense||Conglomerates|
|20||SOLO||LMPX||Entertainment||Auto & Truck Dealerships|
What We’re Reading:
- As cannabis legalization increases, cannabis testing is rumored to become more important than ever. But how accurate can cannabis testing be? Full story…
- Nikola (NKLA) has had a wild year in 2020. Good news has been followed by bad news, and today the company is facing more bad news. Check it out…
- Bitcoin plunged as low as $16,351.03 last week. As this move surprised many bitcoin traders and investors, many were left asking “what happened?” See for yourself…
What We’re Watching:
Emerging Markets rallied upon Joe Biden being declared president-elect.
Is now the time to invest in Emerging Markets?