“Wealth flows from energy and ideas.” ~ William Feather
Dear Trader,
Welcome to today’s edition of Wall Street Connected.
It has been a volatile week for markets as while a stimulus relief package worth nearly $900B has been approved by congress, president Trump has threatened to avoid signing it as he feels a stimulus package should be north of one trillion dollars.
Today’s jam-packed economic calendar including new home sales, unemployment claims, personal income and outlays added to today’s premarket uncertainty in markets as traders and investors prepare to enter a new year with a new political administration taking office.
Microcap Company Enters This $100 Billion Market. (Sponsored)
While there is opportunity to profit in volatile markets, oftentimes it’s not as simple as buying bullish positions on relative strength opportunities, such as the iShares MSCI Emerging Markets Exchange Traded Fund (EEM).
For example, Tesla (TSLA), which is ranking #11 on the top searched stocks by financial professionals with $1B+ in assets under management traded 6% lower through yesterday’s trading session, which created volatility for the electric vehicle giant.
This means that through volatility, the profit potential can oftentimes come as a result of shorting a stock, or buying a put option.
This way, you can take advantage of a stock’s move to the downside, which is something many experienced traders and investors are able to do successfully through periods of volatility.
While Tesla did start the week trading through volatility, Tesla’s bulls were back in charge this morning upon
Citigroup stating that Tesla will be Apple’s most direct competitor and cited skepticism as to whether or not Apple could actually produce an electric car, which is something Tesla is known for doing well.
We find Citigroup’s take on Tesla and Apple interesting as demand for electric vehicles has skyrocketed in 2020, and Tesla was recently listed on the S&P 500.
Many financial analysts consider both Tesla and Apple to be two of the best ESG investments of this past decade, and until possibly shifting their current stance, remain bullish on both companies.
TrackStarIQ Data
RANK | TOP SEARCHES BY FAs (Surging Traffic) This Week [STOCKS] | TOP SEARCHES BY FAs w/ AUM>$1B (Surging Traffic) This Week [STOCKS] | TOP INDUSTRY SEARCHES BY FAs (Surging Traffic) This Week [EQUITIES] | TOP INDUSTRY SEARCHES BY FAs w/ AUM>$1B (Surging Traffic) This Week [EQUITIES] |
---|---|---|---|---|
1 | EYEG | KTEL | Residential Construction | Banks – Diversified |
2 | XL | ABML | Gambling | Prepackaged software |
3 | SNBR | SUNW | Real estate agents and managers | Internet Retail |
4 | VERO | NK | Communication services, misc | Semiconductors |
5 | LEA | BBRW | Medical and hospital equipment | Conglomerates |
6 | ICBK | HLYK | Health and allied services, misc | Drug Manufacturers – Specialty & Generic |
7 | JG | RAD | Retail-Eating & Drinking Places | Specialty Retail |
8 | WBAI | TSLA | Services-Misc Health & Allied Services, NEC | Drug Manufacturers – General |
9 | JMDP | MVIS | Rental & Leasing Services | Biotechnology |
10 | PFG | ANTM | Motors and generators | Consumer Electronics |
11 | PH | JPM | Waste Management | Home Improvement Retail |
12 | DUTV | UAVS | REIT – Hotel & Motel | Biotechnology |
13 | WLK | EYEG | Silver | Metal Mining |
14 | OCN | CHWY | Turbines and turbine generator sets | Internet Retail |
15 | OMCL | CRWD | Medicinal and botanicals | Motion picture and video production |
16 | BKEP | TRCH | Agricultural Inputs | Biotechnology |
17 | FLES | AIM | Footwear & Accessories | Trusts, misc |
18 | OMQS | BP | REIT – Industrial | Auto Manufacturers |
19 | NES | FTEK | REIT – Diversified | Cutlery, Handtools & General Hardware |
20 | TRTC | PRKA | Specialty Business Services | Floor laying and floor work, misc |
What We’re Reading:
- Consumer spending dropped for the first time since April, but not by much. With stimulus checks in the works, could it increase soon? Take a look…
- One commodity has benefited from the dollar’s recent decline. And this commodity can be traded via stocks and options as well. Here’s the commodity…
- Oftentimes stocks which rise at a fast-pace can receive a bearish catalyst out of their control which instantly reverses a previously bullish trend. This happened to one little-known stock this morning, and it’s not Tesla or Apple. This is the stock…
What We’re Watching:
Initial public offerings got off to a slow start this year. The pandemic simply put a pause to many initial public offerings taking place.
This wound up creating multiple initial public offerings in a short period of time in the fourth quarter of 2020.
But many readers may be missing details…
What We’re Liking (Sponsored):
- Psychedelics Are The New Cannabis, Stocks Are Soaring
- Looking to reduce portfolio volatility? Consider Mini VIX futures
- Interested in international opportunities? Consider Chinese markets
-InvestingChannel