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Oil and gas midstream firm EnLink Midstream (ENLC) have risen over 30 percent since their May lows. One trader sees shares continuing higher in the coming weeks. That’s based on the September $12 calls. With 52 days until expiration, 13,412 contracts traded compared to a prior open interest of 579, for a 23-fold rise in volume on the trade. The buyer of the calls paid $0.35 to make the bullish bet. Shares recently traded for about $11.50, so they would need to ...
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Some sectors of the market are competitive with a number of companies working hard for market share. More mature industries often have fewer competitors, but can increase their business by improving the experience for customers. That’s especially true when it can do so without significantly raising prices or otherwise having a trade-off. By improving customer experience, a company can build long-term brand loyalty. That’s hard to measure in terms of a dollar valuation, but it does make a great company stand ...
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John Donovan, a director at Lockheed Martin (LMT), recently added 548 shares. The buy increased his holdings by 19 percent, and came to a total cost of $250,476. The director bought 508 shares in April, also valued at about $250,000, and twice more over the prior two quarters before that. Otherwise, company insiders have largely been small sellers of shares, concentrated at the EVP level of the firm. Overall, insiders at the defense contractor own about 0.1 percent of shares. Lockheed shares ...
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Iron ore producer Rio Tinto Group (RIO) has seen shares drop nearly 10 percent since the start of the year. One trader sees shares moving higher in the coming months. That’s based on the October $60 calls. With 91 days until expiration, 10,844 contracts traded compared to a prior open interest of 125, for an 87-fold rise in volume on the trade. The buyer of the calls paid $7.10 to make the bullish bet. Shares recently traded for about $66, making the ...
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Market trends change over time. The market often gets hyped over tech stocks. But that’s changed over the years in everything from lasers and personal computers to internet stocks to today’s interest in artificial intelligence. Many trends continue to play out, even after there’s been major adoption. And playing to that trend could lead to market-beating returns in an ignored space offering considerable value. For instance, the United States is still upgrading its infrastructure. And more rural areas are still connected to ...
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Jim Lewis, a director at Landmark Bancorp (LARK), recently bought 2,723 shares. The buy increased his holdings by 2 percent, and came to a total cost of $58,662. He was joined by another director, who bought 1,566 shares, paying just under $34,000. Company directors have been regular buyers of shares so far this year, and the last insider sales at the company occurred in December 2022. Overall, company insiders own 22.2 percent of shares. The regional bank is down about 5 percent ...
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Graphics processing unit manufacturer Nivida (NVDA) has been on a tear this year, with shares more than doubling. One trader sees a pullback in the coming weeks. That’s based on the August 25 $460 puts. With 35 days until expiration, 9,870 contracts traded compared to a prior open interest of 157, for a 63-fold rise in volume on the trade. The buyer of the puts paid $26.30 to make the bearish bet. Shares recently traded for about $475, so they would need ...
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Last year’s big market losers have been this year’s winners, at least so far. However, once a trend is underway, it’s unlikely to change unless there’s a big reason for doing so. That’s why a number of big tech companies look attractive going into earnings. That’s particularly true of companies that haven’t been associated with the rally in AI stocks this year. These companies likely have more upside and less volatility in the second half of the year. One clear example is ...
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