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:

RANK	TOP INDUSTRY (EQUITIES) BY FAs (Total Traffic) – This Past Week	TOP INDUSTRY (EQUITIES) BY FAs (Surging Traffic) – This Past Week	TOP SECTORS/CATEGORIES (ETFs) BY FAs (Total Traffic) – This Past Week	TOP SECTORS/CATEGORIES (ETFs) BY FAs (Surging Traffic) – This Past Week
1	Biotechnology	Staffing & Outsourcing Services	Equity – Large Cap Growth Equities	Equity – Commodity Producers Equities
2	Software – Application	Other Precious Metals & Mining	Equity – Leveraged Equities	Equity – Mid Cap Growth Equities
3	Auto Manufacturers	Retail-Nonstore Retailers	Equity – Technology Equities	Multi-Asset – Hedge Fund
4	Conglomerates	Department stores	Equity – All Cap Equities	Multi-Asset – All Cap Equities
5	Drug Manufacturers – Specialty & Generic	Specialty Business Services	Commodity – Precious Metals	Bond – Inflation-Protected Bonds
6	Software – Infrastructure	Uranium	Equity – Health & Biotech Equities	Bond – Mortgage Backed Securities
7	Internet Retail	Motor vehicle parts and accessories	Equity – Small Cap Growth Equities	Bond – Emerging Markets Bonds
8	Internet Content & Information	Services-Miscellaneous Amusement & Recreation	Equity – Energy Equities	Equity – Mid Cap Blend Equities
9	Semiconductors	Heating equipment, except electric	Equity – Materials	Preferred Stock – Preferred Stock/Convertible Bonds
10	Diagnostics & Research	Electronic Components & Accessories	Equity – Consumer Discretionary Equities	Equity – Consumer Staples Equities
11	Oil & Gas E&P	Retail-Eating & Drinking Places	Volatility – Leveraged Volatility	Equity – All Cap Equities
12	Specialty Retail	Beverages – Brewers	Equity – Alternative Energy Equities	Equity – Inverse Equities
13	Communication Equipment	Real Estate	Equity – Industrials Equities	Commodity – Agricultural Commodities
14	Semiconductor Equipment & Materials	Building Products & Equipment	Equity – Asia Pacific Equities	Equity – Global Equities
15	Consumer Electronics	Residential Construction	Equity – Large Cap Blend Equities	Real Estate – Leveraged Real Estate
16	Medical Devices	Agricultural Production-Crops	Equity – Global Equities	Commodity – Precious Metals
17	Entertainment	Food Distribution	Commodity – Oil & Gas	Currency – Leveraged Currency
18	Credit Services	Tools & Accessories	Commodity – Leveraged Commodities	Equity – Large Cap Blend Equities
19	Electrical Equipment & Parts	Biological products, except diagnostic	Equity – Small Cap Blend Equities	Equity – Alternative Energy Equities
20	Drug Manufacturers – General	Services-Computer Programming, Data Processing, Etc.	Volatility – Volatility	Equity – 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…

2. 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…

3. 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):

• 7 Retirement Income Strategies Once Your Portfolio Reaches $500k
• Biggest Transfer of Wealth in US History Has Begun
• Looking to reduce portfolio volatility? Consider Mini VIX futures

-InvestingChannel

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…