The Deal on Big Tech

“The way to become rich is to put all your eggs in one basket and then watch that basket.” ~ Andrew Carnegie

Dear Trader,

Welcome to today’s edition of Wall Street Connected: The Deal on Big Tech.

As we prepare to enter a new trading week, taking a look at the trillion dollar big tech sector’s choppy price action last week is an area of interest for many traders and investors.

Where will stocks go in 2021? (Sponsored)

While biotechnology is ranking #1 on top industries by total traffic amongst financial professionals as COVID-19 continues to dominate headlines, after a volatile week for some big tech stocks, we’re noticing technology equities rank #3 on top sectors/categories by total traffic by financial professionals over the course of this past week.

To the surprise of many traders and investors, large cap blend equities ranked #18 in top sectors/categories by surging traffic this past week.

This could be due to Disney (DIS) surging 7% as Disney+ subscribers reached 86.8M on Friday, an increase of over 14M subscribers in only two months.

TrackStarIQ Data

Here are some highlights from FA searches this past week:

RANKTOP INDUSTRY (EQUITIES) BY FAs (Total Traffic) – This Past WeekTOP INDUSTRY (EQUITIES) BY FAs (Surging Traffic) – This Past Week TOP SECTORS/CATEGORIES (ETFs) BY FAs (Total Traffic) – This Past WeekTOP SECTORS/CATEGORIES (ETFs) BY FAs (Surging Traffic) – This Past Week
1BiotechnologyStaffing & Outsourcing ServicesEquity – Large Cap Growth EquitiesEquity – Commodity Producers Equities
2Software – ApplicationOther Precious Metals & MiningEquity – Leveraged EquitiesEquity – Mid Cap Growth Equities
3Auto ManufacturersRetail-Nonstore RetailersEquity – Technology EquitiesMulti-Asset – Hedge Fund
4ConglomeratesDepartment storesEquity – All Cap EquitiesMulti-Asset – All Cap Equities
5Drug Manufacturers – Specialty & GenericSpecialty Business ServicesCommodity – Precious MetalsBond – Inflation-Protected Bonds
6Software – InfrastructureUraniumEquity – Health & Biotech EquitiesBond – Mortgage Backed Securities
7Internet RetailMotor vehicle parts and accessoriesEquity – Small Cap Growth EquitiesBond – Emerging Markets Bonds
8Internet Content & InformationServices-Miscellaneous Amusement & RecreationEquity – Energy EquitiesEquity – Mid Cap Blend Equities
9SemiconductorsHeating equipment, except electricEquity – MaterialsPreferred Stock – Preferred Stock/Convertible Bonds
10Diagnostics & ResearchElectronic Components & AccessoriesEquity – Consumer Discretionary EquitiesEquity – Consumer Staples Equities
11Oil & Gas E&PRetail-Eating & Drinking PlacesVolatility – Leveraged VolatilityEquity – All Cap Equities
12Specialty RetailBeverages – BrewersEquity – Alternative Energy EquitiesEquity – Inverse Equities
13Communication EquipmentReal EstateEquity – Industrials EquitiesCommodity – Agricultural Commodities
14Semiconductor Equipment & MaterialsBuilding Products & EquipmentEquity – Asia Pacific EquitiesEquity – Global Equities
15Consumer ElectronicsResidential ConstructionEquity – Large Cap Blend EquitiesReal Estate – Leveraged Real Estate
16Medical DevicesAgricultural Production-CropsEquity – Global EquitiesCommodity – Precious Metals
17EntertainmentFood DistributionCommodity – Oil & GasCurrency – Leveraged Currency
18Credit ServicesTools & AccessoriesCommodity – Leveraged CommoditiesEquity – Large Cap Blend Equities
19Electrical Equipment & PartsBiological products, except diagnosticEquity – Small Cap Blend EquitiesEquity – Alternative Energy Equities
20Drug Manufacturers – GeneralServices-Computer Programming, Data Processing, Etc.Volatility – VolatilityEquity – Small Cap Blend Equities

*- 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. Do bankers understand money? There’s a certain group of people who believe that if you want to know how money affects the economy, then you need to talk to bankers. Full story…
  1. Canadian equities continue to trade higher. To the surprise of many, Canadian equities outperformed U.S. equities by percentage this past week. One speculative sector led the rally. See the sector…
  1. The Fed’s flow of funds is important to study in the eyes of many successful traders and investors. When preparing for a new week in the markets, you may want to take a look as well…

What We’re Watching:

Davis Martin frequently gets on camera to discuss his favorite premarket trade ideas with viewers.

This past week he pointed out more successful trades sourced by TrackStarIQ’s data.

Take a look…

What We’re Liking (Sponsored):


P.S. As volatility increased this past week, the recent rally in Emerging Markets took a short-term breather. Could this mean buying opportunities are ahead for Emerging Markets? Here are some opportunities…

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