Trading Tips Blog

Copper producer Freeport-McMoRan (FCX) just hit a new 52-week high and is up nearly 22% over the past year. One trader sees further upside ahead for shares in the coming weeks. That’s based on the April 26 $57 calls. With 15 days until expiration, 10,570 contracts traded compared to a prior open interest of 112, for a 94-fold rise in volume on the trade. The buyer of the calls paid $0.28 to make the bullish bet. Freeport-McMoRan shares recently traded for ...
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The past few weeks have seen a market slowdown. Investors aren’t ready to throw in the towel on stocks right now, especially if interest rates may be on track to trend lower later in the year. That suggests that markets may be correcting from overbought levels by simply heading sideways over the next few weeks rather than crashing. And buying the top stocks during this period could position investors for the market’s next leg higher. That’s particularly true with semiconductor stocks. They’ve ...
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Castor Maritime, a major owner of Eagle Bulk Shipping (EGLE), recently added 169,635 shares. The buy increased the company’s stake by 12%, and came to a total cost of $10.65 million. This is the first insider activity at the company since last August, when a director bought and sold some shares, and the company CEO sold some shares. Going further back to June 2023, another major holder bought 181,422 shares for about $8.6 million. Overall, Eagle insiders own 29% of shares. The ...
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Korean semiconductor manufacturer Magnachip Semiconductor Corporation (MX) has slid 42% in the past year, far underperforming the chip space. One trader sees further downside for shares in the next five months. That’s based on the September $5.00 puts. With 163 days until expiration, 5,001 contracts traded compared to a prior open interest of 125, for a 40-fold rise in volume on the trade. The buyer of the puts paid $0.45 to make the bearish bet. Magnachip shares recently traded for about $5.35, ...
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Earnings season is starting up again, but some companies took a hit and still haven’t recovered. While the market’s rally has slowed recently, the long-term trend is higher. One simple strategy to play this trend is to look for companies that have taken a hit last earnings season. Especially if they play to trends that could lead to them moving higher in the months ahead. Those companies are ripe to trend higher . One potential play meeting that criteria is Carnival Cruise ...
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Edward Casey, a director at Flowers Foods (FLO), recently bought 5,000 shares. The buy increased his holdings by 33%, and came to a total cost of $117,750. This marks the first insider buy since December, when the company CFO added 1,780 shares and the CEO bought 9,100 shares. Otherwise, insider activity has been mixed, as there have been some small insider sales by employees over the past year. In total, Flowers Foods employees own 7.7% of shares. The packaged baked goods company ...
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Sports apparel manufacturer Nike (NKE) is down over 25% in the past year, amid a slowdown in earnings. One trader sees shares trending higher in the coming weeks. That’s based on the May 3 $90 calls. With 24 days until expiration, 3,167 contracts traded compared to a prior open interest of 147, for a 25-fold rise in volume on the trade. The buyer of the calls paid $1.79 to make the bullish bet. Nike recently traded for about $88.80, so shares would ...
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While the overall market may be trending higher or lower, individual sectors can sometimes buck that trend. The current bull market has had a few sectors remain out of favor. One of those has been in the packaged food space. However, that’s starting to change. These stocks are now starting to trend higher, and companies within this sector with strong earnings could be great performers in the months ahead. For instance, packaged food giant Conagra Brands (CAG) just reported better-than-expected earnings ...
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