“Money can’t buy happiness, but it will certainly get you a better class of memories.” ~ Ronald Reagan
Dear Trader,
Welcome to today’s edition of Wall Street Connected.
The second half of 2020 marked a historic bull run in markets.
While up-and-coming equities such as Tesla and Roku have seen positive catalysts in 2021, the new year is off to a volatile start for markets.
The S&P 500 traded as much as 2% lower on the first day of 2021. This may have caused short-term fear amongst experienced investors as there have only been two years since 1983 in which the S&P 500 was down by 1% or more on its first trading day of the year.
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Those years were 2000 and 2008, which were years headlined by the dot-com bubble and housing crisis, respectively.
Due to this very fact, our verified institutional data flow sourced by TrackStarIQ is more important than ever in our opinion as it provides you with over-the-shoulder access to what Wall Street’s brightest minds are researching. Right now, one of those equities is Check-Cap Ltd Ord (CHEK), which is currently ranking #3 in surging traffic by financial professionals with $1B+ in assets under management…
CHEK is what is often referred to as a penny stock, or a stock which trades under $5 and has a high short float.
Stocks like this often catch a bad reputation and can be known as “pump and dumps” or “promoted” equities.
But what many traders and investors may be unaware of is due to the high short floats which stocks like CHEK have, one positive catalyst is enough to send shares soaring as shorts cover their positions and bulls take control.
This is what happened to CHEK in a recent trading session upon the company announcing its final results from its recently completed post-CE approval study evaluating the clinical performance of its C-Scan system.
This led to shares spiking on high buying volume, which commonly referred to as a “Supernova” pattern by penny stock traders.
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 | PECK | MTNB | Textile Mill Products | Specialty Retail |
| 2 | PNW | LMND | Insurance – Life | Drug Manufacturers – Specialty & Generic |
| 3 | CCNB | CHEK | Turbines and turbine generator sets | Prepackaged software |
| 4 | BPFH | EBON | Advertising Agencies | Rental & Leasing Services |
| 5 | VRAY | CRSR | National commercial banks | Banks – Diversified |
| 6 | LCTX | MCK | Commodity contracts brokers and dealers | Software – Infrastructure |
| 7 | GCGX | U | REIT – Specialty | Internet Retail |
| 8 | BLPG | JPM | Finance Services | Conglomerates |
| 9 | BLPG | PFE | Medicinal and botanicals | Cutlery, Handtools & General Hardware |
| 10 | SLVDF | MRNA | Radio and TV communications equipment | Telephone communication, except radio |
| 11 | NCTY | WMT | Travel Services | Semiconductors |
| 12 | KSHB | SYN | Utilities – Regulated Electric | Semiconductors |
| 13 | BPY | PRVB | None | Marine Shipping |
| 14 | ALNA | CPWR | Retail-Eating & Drinking Places | Diagnostics & Research |
| 15 | PBAM | AMZN | Uranium | Drug Manufacturers – Specialty & Generic |
| 16 | BIO | ETHE | Diagnostics & Research | Communication services, misc |
| 17 | PBEGF | OTRK | Industrial Metals & Minerals | Software – Infrastructure |
| 18 | MAG | ANTE | Drug Manufacturers – Specialty & Generic | Semiconductors |
| 19 | SBAC | AAPL | Pay TV | Auto Manufacturers |
| 20 | MCHX | CPWR | Broadcasting | Semiconductors and related devices |
What We’re Reading:
What We’re Watching:
With 2021 off to a volatile start, a technical look at the S&P 500 and Nasdaq may be wise, for new traders and investors especially.
As a business, we felt a video on this topic would be beneficial to you as a valued reader…
What We’re Liking (Sponsored):
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