5 Travel Stocks to Get Ready for the Summer

Summer is just getting underway! Like summer-weight Khakis and listening to songs about ingesting cold drinks at the beach, it’s a good time to look around for stocks that stand to benefit by our summer wanderings. While many travel-related companies have risen significantly from their lows, many are still well below 52-week highs. Also, there’s a little more clarity today as to what the picture may look like going forward and the opportunity isn’t over for most of these companies. While ...
Read More
|

Founder of this Cloud HR Company Just Turned into a Seller

As you look across the landscape of companies that have come out pretty well amidst the pandemic, it’s been cloud companies. Workday Inc (NASDAQ: WDAY) is up over 60% off of its March lows and up nearly 5% on the year. Pretty extraordinary given the uncertain times we live in unless your business isn’t as materially impacted by the closures. For example, revenues for 1Q were up over 23% and non-GAAP operating income was up 12.8% year-over year. As a ...
Read More
|

Option Traders Seeing a Top in High Yield Credit

It was less than a month ago when the Fed began buying bond ETFs like the iShares iBoxx $ High Yid Corp Bond ETF (NYSEARCA: HYG). This transition by the Federal Reserve was a major change in policy as they are now willing to take significant risks. This metamorphosis is one that could have been predicted as Japan pursued the same policy and who doesn’t want to be long the Bank of Japan. In all seriousness, the move ...
Read More
|

Multimedia Company Breaks Out Following 10% Owner Adding Another 1 Million Shares on Tuesday

Avid Technology, Inc (NASDAQ: AVID) has been rallying strongly since its May 14 low at $4.67. The move came after selling continued following the May 7 earnings report that missed analyst estimates of $0.11 with a loss of $0.08. Clearly, a company that relies on live music, film, sports and TV production is having a difficult time. However, not even analysts came close to understanding how bad it got in Q1. In the company’s presentation, they expressed a ...
Read More
|

5 Undervalued Tech Stocks to Buy Now

The technology sector has been a huge outperformer for well over a year. If you were to take a ratio of the tech-heavy Nasdaq 100 to the S&P 500, you would see the trend in the relative strength highly favor the Nasdaq since the December 2018 low. It’s not exactly unusual to see technology lead in a bull market, but that’s not exactly what we’ve been experiencing. However, the predominance of a handful of tech names have weighed heavily on the ...
Read More
|

As Markets Melts Up, Option Traders Eye Banks Next Wave Higher

Financials are starting to feel their oats as they continue to assume leadership. Part of the driving force on Wednesday had to be the rise in the 10-year U.S. Treasury yield. A steeper yield curve means greater potential to make money in a borrow short and lend long strategy. That means that banks are able to borrow for short amounts of time at a low yield and lend for longer periods of time at a higher yield. The spread, ...
Read More
|

Big Time Option Trade Placed on Retailer, Hedge or Bullish?

Macy’s Inc (NYSE: M) is a company whose share price has struggled until recently. Year-to-date the price is down over 55% but in the past week is up nearly 30%. Last week, the price broke out of a symmetrical triangle that has been forming since its March low near $4. With companies that have such flawed fundamentals and in an environment that is difficult for brick and mortar retailers, what is the next move for Macy’s? The price behavior would ...
Read More
|

‘Long Shot’ COVID-19 Treatment Looks Less Likely Following 10% Owner Selling

French drug company Sanofi (NASDAQ: SNY) announced last week that they were planning to sell half of their 23.2 million share position in Regeneron Pharmaceuticals, Inc (NASDAQ: REGN). The investment has spanned 16 years and a number of collaborations between the companies. Some of the FDA-approved therapies are Kevzara, Praluent and Dupixent. While the plan was to sell half the position, SNY sold nearly its entire stake. The 22.8 million share sale leaves only 400,000 shares currently owned. The ...
Read More
|