+500% Year-to-Date…

“Money is only a tool. It will take you wherever you wish, but it will not replace you as the driver.” ~ Ayn Rand

Dear Trader,

Welcome to today’s edition of Wall Street Connected.

End-of-year trading has been mixed as Wall Street prepares to wrap up 2020, a year which has been met with unprecedented economic events and new all-time highs in the stock market.

While some equities have lost ground this week, many little-known stocks continue to trend higher in end-of-year trading.

One equity which has been trending higher is Jumia Technologies (JMIA), which has increased in price-per-share by about 500% in 2020, and was recently given a strong buy rating.

The #1 tech opportunity of 2021? (Sponsored)

Similar to many of the most successful companies in 2020’s stock market, Jumia Technologies is an e-commerce company.

While the company is based in Germany, it is listed on the New York Stock exchange and trades at an average volume of 15,840,575 per day.

With the holiday season recently concluding and consumers continuing to do business online due to end-of-year discounts, many e-commerce companies have been featured on TrackStarIQ data.

Today, we’re seeing Jumia Technologies (JMIA) rank #3 on top-searched stocks by financial professionals with $1B+ in assets under management.

While e-commerce companies have been featured on surging traffic lately, an industry which cannot be ignored in end-of-year trading is diversified banks, which is ranking #3 in top industry searches by financial professionals with $1B+ in assets under management.

End-of-year trading is often met with what is known as tax loss harvesting. Traders and investors seek to manage their money in a tax-effective manner, and much of this requires conducting business with diversified banks.

Due to tax loss harvesting, even the strong markets may see short-term declines. As traders and investors look to sell their losing positions, markets can decline as a result.

This scenario is what took place yesterday in the Canadian stock market, and could take place in U.S. markets in the near future.

TrackStarIQ Data

Here are some highlights from FA searches this past week…

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	ACY	ZOM	Home health care services	Communication services, misc
2	UUU	ACY	Rental & Leasing Services	Prepackaged software
3	APRE	JMIA	Tobacco Products	Banks – Diversified
4	RHE	ASTI	REIT – Office	Conglomerates
5	ATIF	ASTI	Engineering & Construction	Internet Retail
6	EVAHF	RHE	Motor vehicle parts and accessories	Insurance – Property & Casualty
7	MLYCF	JAGX	Telephone and telegraph apparatus	Aerospace & Defense
8	THRBF	GRNQ	Telephone communication, except radio	Conglomerates
9	WFTSF	BTBT	Uranium	Specialty Retail
10	TENX	IPOC	Agricultural Services	Semiconductors
11	IMMR	APRE	Marine Shipping	Semiconductors
12	TWGL	VRME	Services-Advertising	Cutlery, Handtools & General Hardware
13	GRMM	VRME	Medical Care Facilities	Consumer Electronics
14	KOSS	FDIT	Semiconductors and related devices	Medical and hospital equipment
15	CREG	ATIF	Services-Miscellaneous Business Services	Drug Manufacturers – Specialty & Generic
16	ACAM	GHIV	National commercial banks	Auto Manufacturers
17	CRTX	GTEH	Chemicals	Software – Application
18	UIS	XELA	Industrial Distribution	Electrical Equipment & Parts
19	EQ	AMTY	Gold and Silver Ores	Services-Advertising
20	RCMT	BP	Waste Management	Scientific & Technical Instruments

What We’re Reading:

1. Need for battery safety technology elevates
2. Apple is worth ~$54
3. The socialists vs. the conservatives

What We’re Watching:

As you may be aware, Wall Street Connected posts new video content and educational lessons on a regular basis.

And as we prepare to enter 2021…

Take a look at 2020 in review.

-InvestingChannel