🗞️The Wrap: Flexible

This week, we see how the side of the floor affects a portfolio, what professions are more flexible than ballerinas and a look at ETFs saving the world. Plus, exciting news about a new market for Stake and a pretty dicey trade teaser.

 

5 stocks making 52 week highs

  • Progyny (PGNY) +18.9% in the last week
  • T-Mobile US (TMUS) +18.1%
  • Nvidia (NVDA) +12.8% 
  • Tandem Diabetes Care (TNDM) +12.7%
  • Pegaystems (PEGA) +11.8%

The Donkeys and The Elephants

We don’t like to get political here at Stake but this research paper was too interesting to ignore. American Hedge Fund managers’ political leaning affects the stocks in their portfolio.

Democrats were more likely to include fast growing small caps that didn’t pay out a dividend as well as trade more liberally, cutting losses and taking gains more quickly. On the flip side, Republicans tend to fall for the blue chips and those juicy dividend yields.

After controlling for age of managers and funds, the results remain significant. Interesting stuff.

Feeling Flexible

We’ve all heard the stats about job flexibility and industry changes. Like how your kids will have a different career every year as robots take them all; you know the story. 

The team at hiringlab.org put together some incredible data on just which careers are the most flexible. Turns out company managers and executives are most likely to switch industries – only 7.3% get a new job in the same industry. Not so surprising that education and healthcare workers tend to stay in their own industries, the highest of any workers, with construction close behind.

Have a play around and see what you discover.

 

Top 5 Gainers

  • Sprint (S) +91.2% in the last week
  • Virgin Galactic (SPCE) +52.6%
  • Uniti Group (UNIT) +47.4%
  • Legg Mason (LM) +35.4%
  • Dexcom (DXCM) +25.4%

Top 5 Fallers

  • Liveperson (LPSN) -27.1% in the last week
  • Ryder Systems (R) -20.8%
  • Deciphera Pharma  (DCPH) -20.6%
  • Modern (MRNA) -20.0%
  • Fluor Corp (FLR) -18.9%

Tanning and Fanning

With news of Jeff Bezos doing his ‘bit’ (all US$10b worth) to save the world, here are some ETFs tracking the companies doing the same.

Solar is enjoying its return to the limelight, and as with everything, there’s an ETF for that. Issued by Invesco, $TAN is up 57.8% in the last year. The ETF tracks 25 stocks selected by the relative importance of solar to their business model and clearly this strategy has shone brightly on all $TAN investors.

Sustainable ETFs are not limited to solar. First Trust have issued a global wind energy ETF ($FAN). While investing in companies from the US, Portugal, Denmark and many more, $FAN has added 19.9% in the last year. How about those ticker codes too.

What We’re Reading |  Algorithms to Live By

We all know why Zuck wears the same outfit everyday. Every decision you make diminishes your ability to make the next one.

We overestimate our ability to make decisions. Especially in investing, creating a strict checklist of criteria to enter and exit will outperform a stock by stock discretionary approach.

That’s what this book is all about. “From finding a spouse to finding a parking spot”, the authors aim to guide us through a decluttering of our minds to make better decisions. After decades of effort have gone into optimising the choices our computers make, it’s time to apply that to the human mind – no implants necessary.

Check it out here.

Trader Teaser

You roll two dice for an infinite amount of times, what is the probability that you get a sum of four before a sum of two?

You know the drill. First 3 correct replies win a 50% rebate on FX fees for their next AUD to USD transfer.

Best Buy | Virgin Galactic (SPCE)

No prizes for guessing this week’s winner. $SPCE is headed to the…I’ll save you from the pun.
Tripling from IPO and quadrupling from its low, scores of traders have made the most of this rocket (couldn’t help myself). Long live, Branson!

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