“The way to become rich is to put all your eggs in one basket and then watch that basket.” ~ Andrew Carnegie
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.
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.
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:
- 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…
- 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…
- 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:
This past week he pointed out more successful trades sourced by TrackStarIQ’s data.
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
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…