“Opportunity is missed by most people because it is dressed in overalls and looks like work.”
~Thomas Edison
Dear Trader,
Welcome to today’s edition of Wall Street Connected.
It’s no secret by now… Since electric vehicle powerhouse Tesla (TSLA) was listed on the S&P 500, electric vehicle stocks have taken Wall Street by storm.
This includes large-cap, mid-cap, and small-cap electric vehicle stocks.
Ranking #11 on top surging traffic searches by financial professionals with $1B+ in assets under management is Ideanomics Inc (IDEX), a small-cap electric vehicle stock, currently priced around $3/share.
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Ideanomics Inc (IDEX) is an auto manufacturer, which is the seventeenth highest ranking industry in top surging traffic searches by financial professionals.
But of the myriad of electric vehicle stocks available to be traded, why is Ideanomics Inc (IDEX) ranking higher than its competitors, such as Nio Inc (NIO) or Workhorse Group (WKHS)?
Ideanomics Inc (IDEX) is the only small-cap electric vehicle stock which is available to be traded via both trading the stock and trading stock options.
This means not only can traders and investors buy and short shares of stock, but options traders can leverage their money via stock options by buying calls or buying puts on the underlying security.
And due to the low-price of Ideanomic Inc (IDEX), not only is the stock inexpensive, but the options are significantly less expensive than options on Tesla (TSLA), for example.
This allows for increased potential reward, as a $1 option contract only needs to go to $2 for an option trader to earn a 100% return on their money.
Due to the sentiment this creates amongst active traders especially, Ideanomic Inc (IDEX) may trade on higher stock and option volume on a given day than one of its competitors, such as Nio Inc (NIO).
Given electric vehicle companies are classified as auto manufacturers, it may come as no surprise that auto manufacturers are the seventeenth highest ranking industry in top surging traffic searches by financial professionals.
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 | LJPC | RIOT | Non-Operating Establishments | Prepackaged software |
| 2 | CCIV | CCIV | Help supply services | Drug Manufacturers – Specialty & Generic |
| 3 | CMBM | MSFT | Travel Services | Auto Manufacturers |
| 4 | ONEM | APDN | Measuring and controlling devices, misc | Motion picture and video production |
| 5 | BLBX | LMFA | Federal and federally sponsored credit | Banks – Diversified |
| 6 | SIGL | TRXC | Diversified Industrials | Electrical Equipment & Parts |
| 7 | NEOM | CRM | Plastics products, misc | Conglomerates |
| 8 | PSAC | BLBX | Retail-Miscellaneous Retail | Oil & Gas Refining & Marketing |
| 9 | DFCO | CNET | Grocery Stores | Electrical Equipment & Parts |
| 10 | DLPN | MU | Bank holding companies | Semiconductors |
| 11 | CNBN | IDEX | Industrial Distribution | Apparel Manufacturing |
| 12 | MOVAA | BTSC | Leisure | Biotechnology |
| 13 | OMQS | HAPP | Chemicals & Allied Products | Cutlery, Handtools & General Hardware |
| 14 | MESO | PTE | Security & Protection Services | Auto Manufacturers |
| 15 | CRYO | ADXS | Recreational Vehicles | Semiconductors |
| 16 | DTPKF | GOVX | Aircraft | Drug Manufacturers – Specialty & Generic |
| 17 | VOXX | GOVX | Auto Manufacturers | Drug Manufacturers – Specialty & Generic |
| 18 | CHUC | SI | Credit Services | Consumer Electronics |
| 19 | USWS | ABT | Cutlery, Handtools & General Hardware | Semiconductors |
| 20 | MMS | CLWD | Semiconductors and related devices | Software – Application |
What We’re Reading:
What We’re Watching:
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