Smaller Tech Stocks Are Poised to Rally into Next Year
Despite some likely market weakness in September and October, stocks are likely to close the year at new all-time highs. Even better, the trend has been shifting away from a handful of mega-cap large stocks, and the rally has been broadening out. Investors who buy smaller companies can likely see the best return on their investment in the months ahead. And investors have plenty of options that include companies that still play to today’s tech trends. For instance, Arm Holdings (ARM) is ...
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Insider Activity Report: Dollar Tree (DLTR)
Daniel Heinrich, a director at Dollar Tree (DLTR), recently bought 2,200 shares. The buy increased his stake by 22%, and came to a total cost of $150,194. The director last bought shares back in March, paying nearly twice as much per share for just 1,000 shares at a cost of $128,000. Insider trading has otherwise been mixed, with the company’s CIO selling shares in July, but the company CFO bought 1,800 shares in April. Overall, Dollar Tree insiders own 0.1% of ...
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Unusual Options Activity: AT&T (T)
Telecom provider AT&T (T) is up 44% over the past year, more than doubling the return of the S&P 500. One trader sees further upside ahead for shares in the coming weeks. That’s based on the October 25 $21.50 calls. With 44 days until expiration, 4,936 contracts traded compared to a prior open interest of 115, for a 43-fold rise in volume on the trade. The buyer of the calls paid $0.63 to make the bullish bet. AT&T shares recently traded for ...
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This Niche Retail Space Is Ripe for Further Growth
Every investment sector has its subgroup. The retail sector comprises a number of companies, from high-end shops to big-box stores. Depending on the economic cycle and valuation, some of those niche areas will perform better than others. With the economy cooling off, consumers are likely to look for lower-cost shopping experiences. And it could mean a rise in spending on little luxuries, rather than large ones. That bodes well for convenience store chains. These stores have seen high growth, and cater across ...
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Insider Activity Report: Global Partners LP (GLP)
Global GP LLC, the general partner of Global Partners LP (GLP), has recently started to acquire shares after a two-month break. The fund recently bought 21,300 shares over two transactions, paying just over $91,500 to do so. The general partner was a regular buyer of shares of GLP back in May and June, and then took a break. A company director was also a buyer of shares in August 2023. There has been just one insider sale over the past two ...
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Unusual Options Activity: EchoStar Corporation (SATS)
Networking technology company EchoStar Corporation (SATS) is up 24% over the past year, about in-line with the overall stock market. One trader sees shares rallying over the coming weeks. That’s based on the October 18 $25 calls. With 38 days until expiration, 7,161 contracts traded compared to a prior open interest of 107, for a 67-fold rise in volume on the trade. The buyer of the calls paid $1.28 to make the bullish bet. EchoStar shares recently traded for about $22.50, so ...
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The Market Loves This Consistent Form of Revenue
Companies have plenty of ways to make sales and obtain revenues from customers. They can charge a one-time fee. They can provide financing for a larger item, or for long-term services. Or, for services, they can charge a recurring fee. Wall Street loves companies that charge recurring revenues. Unlike building a business off of one-time sales, recurring revenues show the strength of ongoing relationships. That’s why subscription-based service companies can see big moves higher or lower as they report results. While the ...
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Insider Activity Report: Universal Display Corporation (OLED)
Lawrence Lacerte, a director at Universal Display Corporation (OLED), recently bought 1,000 shares. The buy increased his position by 1%, and came to a total cost of $187,990. This marks the first insider buy at the company since 2017, when another director bought 140 shares. Otherwise, there have been three insider sales this year, at the VP and Director level, all for amounts ranging from $1.1 million to $1.8 million. Overall, Universal Display insiders own 7.8% of shares. The electronic component manufacturer ...
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