Friday Charts: Three Breakout Trends to Buy Right Now
By Lou Basenese Friday, December, 4, 2020 It's Friday in the
Trend Trader Daily Nation. That means it's time to embrace the adage that a picture is worth a thousand words.
Each week, I select a handful of graphics to convey an important economic or investment insight.
This week, I'm sharing definitive proof that a fresh boom is underway for the
Top 3 Trends I highlighted for investment right now — biotech, e-commerce, and semiconductors.
So let's get to it…
Entering Uncharted Territory Where biotech is going next, there are no roads. It's all uncharted territory.
You can see this at a glance by looking at the
iShares Nasdaq Biotechnology ETF (IBB), which recently busted through a five-year ceiling.
You'll recall, I don't believe IBB is the
best way to invest in the biotech boom. (Hint: I share two better alternatives
here.)
But at this point, it doesn't matter. Buy something — anything! — in biotech. If you don't, you're going to get left (way) behind.
Chip Dip and Rip! Ever since the coronavirus hit, I've been banging the table for you to buy
every dip in chip stocks.
I wasn't wrong.
As you can see, not only are semiconductor stocks smoking the S&P 500 index, they're also outperforming the entire tech sector.
Hands down, there's no more important sector for the future of technology than semiconductors.
For a refresher, you can check out my previous research
here, which includes several smart stocks to buy to benefit from the boom.
And by all means, keep buying every dip in chip stocks. This is one trend that's all but guaranteed to keep topping the performance charts.
Shop (Online) Until You Drop I told you
yesterday that a permanent shift in consumer buying behavior is underway.
In short, brick-and-mortar is out, and click-and-order is in!
Well, this morning, I woke up to fresh data proving it.
It turns out Cyber Monday sales shattered the records, topping $10.8 billion.
That's the single biggest online shopping day ever, and it pushes total online spending this season to $106.5 billion (and counting).
The death of retail is real. Bet on it!
That's it for this week. As always, if you have any comments, questions, or biting criticisms, fire away to
info@trendtraderdaily.com.
Ahead of the tape,
Lou Basenese
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