An Outperforming Industry in Markets

“The rate of interest acts as a link between income-value and capital-value” ~ Irving Fisher

Dear Trader,

Welcome to today’s edition of Wall Street Connected: An Outperforming Industry in Markets.

Last week was highlighted by Citron’s take on the DoorDash IPO for many traders and investors.

One could say this overshadowed the incredible moves the semiconductor industry were able to make…

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The semiconductor industry ranked #9 in total traffic by financial professionals as well-known semiconductor stocks such as Advanced Micro Devices and Micron Technologies both received generous upgrades from financial institutions. 

The semiconductor industry ranked #9 in total traffic by financial professionals as well-known semiconductor stocks such as Advanced Micro Devices and Micron Technologies both received generous upgrades from financial institutions.

While the S&P 500 is up 4% since November 1, Advanced Micro Devices (AMD) has increased by 20% and Micron Technologies (MU) has increased by 46% in the same amount of time.

When individual stocks are able to rise faster in price-per-share than the S&P 500, analysts often refer to them as outperformers.

Considering Advanced Micro Devices (AMD) and Micron Technologies (MU) are semiconductor stocks, analysts could say the semiconductor industry is currently an outperforming industry in markets.

Friday’s trading session was volatile, in part due to 38 attorney generals suing Google and November’s housing stats.

Google is a technology equity, and as you can see below, the technology equity sector ranked #3 in total ETF traffic by financial professionals last week. 

TrackStarIQ Data

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	REIT – Residential	Equity – Large Cap Growth Equities	Multi-Asset – Large Cap Blend Equities
2	Drug Manufacturers – Specialty & Generic	Business Equipment & Supplies	Equity – Leveraged Equities	Alternatives – Long-Short
3	Software – Application	Agricultural Chemicals	Equity – Technology Equities	Alternatives – Hedge Fund
4	Auto Manufacturers	Wholesale-Durable Goods	Equity – All Cap Equities	Bond – International Government Bonds
5	Conglomerates	Heating equipment, except electric	Commodity – Precious Metals	Equity – Latin America Equities
6	Software – Infrastructure	Investment advice	Equity – Health & Biotech Equities	Real Estate – Real Estate
7	Internet Content & Information	Insurance – Specialty	Equity – Alternative Energy Equities	Equity – Water Equities
8	Internet Retail	Commercial Printing	Equity – Materials	Multi-Asset – Diversified Portfolio
9	Semiconductors	Miscellaneous Chemical Products	Equity – Consumer Discretionary Equities	Bond – National Munis
10	Diagnostics & Research	Custom computer programming services	Equity – Small Cap Growth Equities	Bond – Corporate Bonds
11	Drug Manufacturers – General	Oil and gas exploration services	Equity – Energy Equities	Equity – Utilities Equities
12	Entertainment	Utilities – Regulated Gas	Volatility – Leveraged Volatility	Bond – High Yield Bonds
13	Oil & Gas E&P	Communications equipment, misc	Equity – Asia Pacific Equities	Equity – MLPs
14	Specialty Retail	Financial Data & Stock Exchanges	Equity – Large Cap Blend Equities	Equity – Japan Equities
15	Medical Devices	Industrial Organic Chemicals	Equity – Industrials Equities	Equity – Commodity Producers Equities
16	Consumer Electronics	Scientific & Technical Instruments	Equity – Global Equities	Equity – Building & Construction
17	Credit Services	Business services, misc	Volatility – Volatility	Multi-Asset – Mid Cap Blend Equities
18	Aerospace & Defense	REIT – Healthcare Facilities	Equity – China Equities	Multi-Asset – Target Retirement Date
19	Communication Equipment	Motor vehicle parts and accessories	Equity – Small Cap Blend Equities	Equity – Consumer Discretionary Equities
20	Electrical Equipment & Parts	Metal Fabrication	Commodity – Oil & Gas	Bond – Mortgage Backed Securities

*- 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. Tesla was listed on the S&P 500 on Friday, and traders were very bullish on the stock ahead of this event. That said, S&P Global Ratings had a different opinion. Check it out…
2. Many traders enjoy futures targeting ahead of new trading sessions. Sometimes it can give you an edge heading into a new opening bell. Learn more…
3. Is the deep state hiding evidence that the Chinese government tried to subvert our election? Take a look…

What We’re Watching:

Miners have seen a rally in recent weeks…

And as we approach the end of 2020, could a rally in miners continue into 2021?

Hear it from Pros & Cons.

What We’re Liking (Sponsored):

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• Should You be Selling Your Stocks in 2020?

-InvestingChannel