Could This Stock Triple? Details Inside…

“Formal education will make you a living; self-education will make you a fortune.” ~ Jim Rohn

Dear Trader,

Welcome to today’s edition of Wall Street Connected.

As we analyze stocks which are surging in traffic by financial professionals, a stock ranking #14 on top searches by financial professionals with $1B+ in assets under management is a standout today.

Upon emerging as a COVID-19 vaccine candidate in 2020, Sorrento Therapeutics Inc. (SRNE) surged north of 50% in price-per-share.

Upon a press release stating the company was not capable of producing a COVID-19 vaccine, SRNE decreased by 70% in price-per-share.

This could be due to the company having made potentially misleading claims, or it could be due to the fact that stocks can go down up to three times faster than they go up, as many experienced traders and investors may be aware.

Be one of the first to invest in this market leader (sponsored)

With Pfizer and Moderna currently leading headlines regarding COVID-19 vaccine treatment, well-informed options traders might know something we don’t about Sorrento Therapeutics Inc. (SRNE).

Recent financial publications have stated that traders need to pay close attention to Sorrento Therapeutics Inc (SRNE) right now based on recent moves in the options market.

This is because just yesterday, the SRNE March 19 $30 Calls had some of the highest implied volatility of any equity option in the options market.

Implied volatility shows how much movement the market is expecting in the future. 

Options with high levels of implied volatility suggest that traders in the underlying stock are expecting a big move in one direction or the other.

It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off.

In the case of Sorrento Therapeutics Inc. (SRNE), while there are no promises, it would appear that some traders are expecting the stock to trade at or near $30, which would be a significant increase in price-per-share from its current level of about $10.

TrackStarIQ Data

Here are some highlights from FA searches this 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]
1CCIVLACBiotechnologyPrepackaged software
2SRNESENSDrug Manufacturers – Specialty & GenericDiagnostics & Research
3BNGOMRNADiagnostics & ResearchDrug Manufacturers – Specialty & Generic
4ZOMCSODInsurance – Property & CasualtySpecialty Retail
5AAPLCHRAAuto ManufacturersToilet preparations
6NNDMOBSVEntertainmentAuto Manufacturers
7IBIOMAXRSoftware – ApplicationCutlery, Handtools & General Hardware
8GEVOSKYWSpecialty ChemicalsDrug Manufacturers – Specialty & Generic
9PLUGRCATCommunication EquipmentElectrical Equipment & Parts
10FSRCLGXElectrical Equipment & PartsMotion picture and video production
11ALLALLOSoftware – InfrastructureOil & Gas Refining & Marketing
12TSLALULUInternet Content & InformationCustom computer programming services
13GMEAUPHSemiconductorsElectrical Equipment & Parts
14MRNASRNEComputer HardwareAuto Manufacturers
15BCRXMKLConsumer ElectronicsSoftware – Infrastructure
16DISFASTSpecialty RetailComputer Hardware
17NIOSGNIOil & Gas E&PBanks – Diversified
19AMRSALTXInternet RetailAerospace & Defense
20OBSVLOGQMedical DevicesIndustrial Metals & Minerals

What We’re Reading:

  1. Analyzing BAC, GS and NFLX earnings reports
  1. The revival of value investing
  1. One in four Americans have interest in these beverages

What We’re Watching:

The coronavirus pandemic impacted a wide range of sectors, but it could be argued that this one was hit the hardest.

But in recent week, this same sector has rebounded at paces which have outperformed the S&P 500 by nearly 10%

That’s an impressive comeback.

You can learn more about this sector in this video.

What We’re Liking (Sponsored):


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