A $2.5 Billion Headline

“A wise person should have money in their head, but not in their heart.” -Jonathan Swift

Dear Trader, 

Welcome to today’s edition of Wall Street Connected.

Markets had a wild start to the new year as on the first trading day of 2021, the DOW dropped 600 points.

This was followed by a two-day 900 point rally in the DOW, which notched new all-time highs on Wall Street.

A major stock market headline last week was the Department of Justice’s criminal charge against Boeing regarding a conspiracy to defraud the Federal Aviation Administration.

Under terms of the DPA, Boeing quickly paid a total monetary amount of over $2.5B, composed of a criminal monetary penalty of $243.6M, compensation payments to Boeing’s 737 MAX airline customers of $1.77B, and the establishment of a $500M crash-victim beneficiaries fund.

Psychedelics Are The New Cannabis, Stocks Are Soaring (Sponsored)

A highlight on our verified institutional data flow was semiconductors, which ranked #6 in top industry searches (equities) by financial professionals last week.

The VanEck Vectors Semiconductor ETF (SMH) monitors the price action of individual semiconductor equities based on their respective market capitalization in the semiconductor industry.

Shares of SMH rose 7% last week, outperforming the 2% increase of the SPDR Dow Jones Industrial Average ETF (DIA) which is the ETF many traders and investors use to track the price action of the Dow Jones Industrial.

Notable individual semiconductor companies include Micron Technology Inc (MU), Advanced Micro Devices (AMD), and Intel (INTC).

TrackStarIQ Data

Here are some highlights from FA searches this past week…

RANKTOP INDUSTRY (EQUITIES) BY FAs (Total Traffic) – This Past WeekTOP INDUSTRY (EQUITIES) BY FAs (Surging Traffic) – This Past Week TOP SECTORS/CATEGORIES (ETFs) BY FAs (Total Traffic) – This Past WeekTOP SECTORS/CATEGORIES (ETFs) BY FAs (Surging Traffic) – This Past Week
1BiotechnologyMiscellaneous Plastics ProductsEquity – Large Cap Growth EquitiesMulti-Asset – Hedge Fund
2Drug Manufacturers – Specialty & GenericServices-Miscellaneous Equipment Rental & LeasingEquity – Leveraged EquitiesBond – High Yield Bonds
3Auto ManufacturersGeneral Bldg Contractors – Residential BldgsEquity – All Cap EquitiesBond – International Government Bonds
4Diagnostics & ResearchDistilled and blended liquorsEquity – Technology EquitiesBond – Inverse Bonds
5Software – ApplicationAircraftEquity – Alternative Energy EquitiesEquity – Financials Equities
6SemiconductorsManagement servicesCommodity – Precious MetalsEquity – Europe Equities
7Internet RetailTextile Mill ProductsEquity – Health & Biotech EquitiesEquity – Foreign Small & Mid Cap Equities
8Internet Content & InformationConsulting ServicesEquity – MaterialsEquity – Energy Equities
9Electrical Equipment & PartsTruckingVolatility – Leveraged VolatilityMulti-Asset – Commodities
10Specialty ChemicalsBank holding companiesEquity – Small Cap Growth EquitiesBond – Preferred Stock/Convertible Bonds
11ConglomeratesShipping & PortsEquity – Large Cap Blend EquitiesEquity – Transportation Equities
12Consumer ElectronicsStorage batteriesEquity – Energy EquitiesEquity – Volatility Hedged Equity
13Oil & Gas E&PWholesale-Groceries & Related ProductsEquity – Consumer Discretionary EquitiesVolatility – Leveraged Volatility
14Software – InfrastructureToilet preparationsEquity – Small Cap Blend EquitiesBond – California Munis
15Specialty RetailRetail-Miscellaneous RetailEquity – Asia Pacific EquitiesEquity – Utilities Equities
16Capital MarketsBanks – Regional – USEquity – Financials EquitiesBond – Government Bonds
17Computer HardwareHealth and allied services, miscVolatility – VolatilityMulti-Asset – Diversified Portfolio
18Medical DevicesREIT – SpecialtyEquity – China EquitiesEquity – Latin America Equities
19Aerospace & DefenseBuilding MaterialsEquity – Industrials EquitiesBond – Total Bond Market
20Banks – RegionalAnalytical instrumentsBond – Government BondsEquity – Asia Pacific Equities

What We’re Reading:

  1. When The Chart Goes Parabolic It’s Time To Sell
  2. Lithium Company Commences Operations
  3. Goldman December Payrolls Preview

What We’re Watching:

Bitcoin has been on a historic bull run.

Having topped $40,000 for the first time ever this past week, cryptocurrency market value exceeded $1 Trillion.

We feel a Bitcoin-specific video could benefit you ahead of a new trading week.

You can watch it here.

What We’re Liking (Sponsored):


Related posts

Peers Reducing Beta in Uncertain Times


Can this Stock Ease Your Stress?


Advisors Looking East and Going for Gold


Market Showing Some Crox


Tech Earnings, Elections and Covid Oh My!


Commodities at the Forefront as Elections Loom