Taking Wall Street by Storm…

“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… 

RANKTOP 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]
1LJPCRIOTNon-Operating EstablishmentsPrepackaged software
2CCIVCCIVHelp supply servicesDrug Manufacturers – Specialty & Generic
3CMBMMSFTTravel ServicesAuto Manufacturers
4ONEMAPDNMeasuring and controlling devices, miscMotion picture and video production
5BLBXLMFAFederal and federally sponsored creditBanks – Diversified
6SIGLTRXCDiversified IndustrialsElectrical Equipment & Parts
7NEOMCRMPlastics products, miscConglomerates
8PSACBLBXRetail-Miscellaneous RetailOil & Gas Refining & Marketing
9DFCOCNETGrocery StoresElectrical Equipment & Parts
10DLPNMUBank holding companiesSemiconductors
11CNBNIDEXIndustrial DistributionApparel Manufacturing
13OMQSHAPPChemicals & Allied ProductsCutlery, Handtools & General Hardware
14MESOPTESecurity & Protection ServicesAuto Manufacturers
15CRYOADXSRecreational VehiclesSemiconductors
16DTPKFGOVXAircraftDrug Manufacturers – Specialty & Generic
17VOXXGOVXAuto ManufacturersDrug Manufacturers – Specialty & Generic
18CHUCSICredit ServicesConsumer Electronics
19USWSABTCutlery, Handtools & General HardwareSemiconductors
20MMSCLWDSemiconductors and related devicesSoftware – Application

What We’re Reading:

  1. Wednesday: CPI, Beige Book
  2. The Youth Are Our Future
  3. Texas Company Launches CBD Products

What We’re Watching:

As we near the final days of Trump’s presidency, many analysts are expecting volatility in the stock market to increase.

Volatility can allow for an increase in opportunities as well.

So, traders and investors should be prepared…

That’s why we made you this video.

What We’re Liking (Sponsored):

  • With this lithium stock, it will be better to be too early than too late. Full story…
  • Tesla craves lithium and Musk wants a private supply…he could look to a famous triangle to fulfill Tesla’s insatiable demand. Click for details…


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