“Innovation distinguishes between a leader and a follower.” ~ Steve Jobs
Dear Trader,
Welcome to today’s edition of Wall Street Connected.
It was a wacky week on Wall Street, with volatility both increasing and decreasing by as much as 24%.
Many uncertainties and restrictions on some of the most volatile stocks in the market were seen by traders and investors, and they caught many individuals off guard.
Some of these stocks included Gamestop (GME), American Entertainment (AMC), and Koss Corp (KOSS).
Through the volatility which traders and investors were faced with, one sector actually saw an increase in sentiment from buyers.
Stock Market Alert: Move your money in early 2021 (sponsored).
With commodities such as gold and silver often being referred to as safe havens, the precious metal sector quickly became a go-to for traders and investors as a sector which typically is not prone to volatile swings during times when individual equities are.
The precious metals sector is ranking #8 on top sectors searched by financial professionals through this past week..
Precious metal stocks and ETFs often go under-the-radar of newer traders and investors, and they aren’t typically prone to large swings which high-beta equities are.
This leads to receiving a lack of attention by many traders and investors, when oftentimes, precious metal trades can be the safest trades to be in during times of increased volatility in the general stock market.
Precious metal securities which increased in price-per-share while overall markets decreased in price-per-share this past week include but are not limited to Barrick Gold (GOLD), Pan American Silver (PAAS), and the iShares Silver Trust (SLV).
TrackStarIQ Data
Here are some highlights from FA searches this past week…
RANK | TOP INDUSTRY (EQUITIES) BY FAs (Total Traffic) – This Past Week | TOP INDUSTRY (EQUITIES) BY FAs (Surging Traffic) – This Past Week | TOP SECTORS/CATEGORIES (ETFs) BY FAs (Total Traffic) – This Past Week | TOP SECTORS/CATEGORIES (ETFs) BY FAs (Surging Traffic) – This Past Week |
---|---|---|---|---|
1 | Biotechnology | Water supply | Equity – Large Cap Growth Equities | Equity – Mid Cap Growth Equities |
2 | Specialty Retail | Video-tape rental | Equity – Leveraged Equities | Bond – Corporate Bonds |
3 | Entertainment | Agricultural Chemicals | Equity – Technology Equities | Bond – Preferred Stock/Convertible Bonds |
4 | Communication Equipment | Analytical instruments | Equity – All Cap Equities | Equity – Volatility Hedged Equity |
5 | Software – Infrastructure | Motorcycles, bicycles, and parts | Equity – Alternative Energy Equities | Bond – National Munis |
6 | Drug Manufacturers – Specialty & Generic | Toilet preparations | Equity – Health & Biotech Equities | Equity – Small Cap Value Equities |
7 | Diagnostics & Research | Wholesale-Motor Vehicles & Motor Vehicle Parts & Supplies | Volatility – Leveraged Volatility | Bond – Emerging Markets Bonds |
8 | Auto Manufacturers | Lighting equipment, misc | Commodity – Precious Metals | Real Estate – Leveraged Real Estate |
9 | Software – Application | Finance Lessors | Equity – Small Cap Growth Equities | Equity – Emerging Markets Equities |
10 | Consumer Electronics | Telephone and telegraph apparatus | Equity – Materials | Equity – Consumer Staples Equities |
11 | Semiconductors | Life insurance | Equity – Consumer Discretionary Equities | Equity – Inverse Equities |
12 | Internet Content & Information | Apparel Stores | Volatility – Volatility | Equity – Financials Equities |
13 | Apparel Retail | Miscellaneous general merchandise | Equity – Asia Pacific Equities | Equity – MLPs |
14 | Medical Devices | Mens footwear, except athletic | Equity – Energy Equities | Equity – Water Equities |
15 | Apparel Manufacturing | American Depositary Receipts | Equity – Large Cap Blend Equities | Equity – Consumer Discretionary Equities |
16 | Aerospace & Defense | Miscellaneous Products of Petroleum & Coal | Equity – Global Equities | Equity – Transportation Equities |
17 | Specialty Chemicals | Petroleum products, misc | Equity – Small Cap Blend Equities | Volatility – Leveraged Volatility |
18 | Credit Services | Trucking, except local | Equity – China Equities | Volatility – Volatility |
19 | Internet Retail | Services-Hospitals | Equity – Industrials Equities | Equity – Large Cap Growth Equities |
20 | Electrical Equipment & Parts | Footwear | Bond – Government Bonds | Equity – Health & Biotech Equities |
What We’re Reading:
- The week in review, declining participation
- Small cap expands operations to east coast
- COVID-19 test results and vaccinations
What We’re Watching:
Freeport Mcmoran (FCX) was another precious metal based trade which made a quiet bullish move in a market which caught many traders and investors off guard this past week.
In addition to being part of a stable sector, there was a technical component involved as well.
And it could be in play next week as well…
What We’re Liking (Sponsored):
- Is a secret gold-buying spree the real cause of the 2021 gold price surge? You can access the video here.
- This company is on its way to being a market leader in the psychedelic industry. Be one of the first to invest in this market leader.
- The clock just started on the biggest financial event in 20 years. And the next few weeks could decide your wealth in 2021. Here’s what to do now.
-InvestingChannel