A Market Trend Setter

“You and I come by road or rail, but economists travel on infrastructure.” Margaret Thatcher

Dear Trader,

Welcome to today’s edition of Wall Street Connected.

We’ve wrapped up what was a volatile week on Wall Street. Tech stocks went through quite the sell-off, as indicated by the Nasdaq trading nearly four percent lower at some points in time.

Stocks also fell as a result of yields increasing due to the $1.9 trillion stimulus proposal.

While some of the world’s largest technology companies such as Apple, Facebook and Amazon fell, one industry continued to trade with strength and avoid uncertainty.

A recent outperformer by bullish trends in markets, oil and gas exploration and production is ranked #9 on top searched industries by total traffic amongst financial professionals over the course of last week.

The clock just started on the biggest financial event in 20 years (sponsored).

This industry ranked higher in financial professional searches than internet retail, which is interesting to see due to the inflow of internet retail popularity as a result of the COVID-19 pandemic, which has caused many consumers to stay-at-home.

The exchange traded fund which many traders and investors turn to when analyzing the price action of oil and gas exploration and production is the SPDR S&P Oil & Gas Exploration & Production ETF (XOP).

On February 25, when the tech-heavy Invesco QQQ Trust (QQQ) closed below its 50-day simple moving average line support for the first time since October 28, 2020, XOP made a new one-year high of $85.63/share.

The recent strength displayed in the oil and gas exploration and production industry may be indicated by the prices of fuel having increased by as much as 25% at your local gas station.

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
1BiotechnologyEngines & TurbinesEquity – Large Cap Growth EquitiesEquity – Large Cap Value Equities
2Auto ManufacturersCoking CoalEquity – Leveraged EquitiesEquity – Latin America Equities
3EntertainmentHome Furnishings & FixturesEquity – All Cap EquitiesMulti-Asset – Preferred Stock/Convertible Bonds
4Drug Manufacturers – Specialty & GenericBuilding MaterialsEquity – Technology EquitiesBond – Emerging Markets Bonds
5Specialty RetailInsurance agents, brokers, & servicesCommodity – Precious MetalsEquity – Volatility Hedged Equity
6Software – ApplicationFinancial ConglomeratesVolatility – Leveraged VolatilityEquity – Communications Equities
7SemiconductorsAuto PartsEquity – Health & Biotech EquitiesEquity – MLPs
8Drug Manufacturers – GeneralMortgage FinanceEquity – Alternative Energy EquitiesEquity – Hedge Fund
9Oil & Gas E&PTravel ServicesEquity – MaterialsEquity – Emerging Markets Equities
10Consumer ElectronicsHome Improvement RetailEquity – Energy EquitiesBond – Corporate Bonds
11Diagnostics & ResearchDrug Manufacturers – GeneralEquity – Small Cap Growth EquitiesEquity – Building & Construction
12Software – InfrastructureReal Estate – GeneralBond – Government BondsEquity – Europe Equities
13Telecom ServicesAgricultural Production-CropsEquity – Financials EquitiesBond – Preferred Stock/Convertible Bonds
14Auto PartsInsurance – SpecialtyEquity – Large Cap Blend EquitiesEquity – Energy Equities
15Internet Content & InformationLodgingEquity – Consumer Discretionary EquitiesCommodity – Agricultural Commodities
16Medical DevicesUtilities – Regulated GasEquity – Small Cap Blend EquitiesBond – Leveraged Bonds
17Computer HardwareREIT – IndustrialEquity – Industrials EquitiesEquity – Consumer Staples Equities
18Aerospace & DefenseDepartment StoresVolatility – VolatilityBond – Inflation-Protected Bonds
19Internet RetailSteelEquity – Global EquitiesBond – Total Bond Market
20Credit ServicesMetal FabricationEquity – Asia Pacific EquitiesBond – National Munis

What We’re Reading:

  1. Personal Income and Outlays
  1. Focus on the target, not the instrument
  1. Has the Great Unravel Started?

What We’re Watching:

The pandemic has hit certain sectors more than others. While some sectors have suffered, others have thrived.

So which sectors should traders and investors be focusing on through the rest of 2021?

You can see the details in this new video.

What We’re Liking (Sponsored):


P.S. We’d like to apologize for missing your inbox over the past few days as we’ve been resolving some technical tune ups, but as a loyal reader, we’d like to thank you for tuning into today’s edition of Wall Street Connected.

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