Unusual Options Activity: Target (TGT)

Traders make a big bet on Target shares rallying into the fall. At least one trader is betting on a big rally in retailer Target (TGT). On Wednesday, a large number of contracts traded on a September $95 call option. With shares trading around $86, this represents a bet that shares will move up at least 10 percent over the summer. The option contract had over 10,000 trades, against an open interest of 104. While brick and mortar retailers have fallen in and out ...
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When Stock Investors Get it Wrong

When you buy shares of a company, you’re getting an ownership slice. If the company does well, your shares should rise. The company may even pay a dividend, providing you with cash you didn’t have to labor over for a living. Sounds great! But, a company is more than just the sum of its shares. Companies have a capital structure, which includes a mix of stocks (called equity), and other types of financing, typically debt. Nearly all companies have debt. Some debt, ...
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Uber Gets 13 Bullish Ratings as Analysts Come Out Swinging

Ride-share giant Uber gets more than a dozen "BUY" ratings from analysts. 25 days after its tumultuous IPO, ride-sharing company Uber (UBER) got its first thirteen analyst ratings. All were bullish. Despite a strong day in the markets and these bullish ratings, shares of the company lagged the markets, but did rise higher on the day. Shares have been struggling since the company went public, suggesting that the IPO was overpriced… a factor that may be keeping investors away even now. Uber may have ...
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Insider Activity: Capri Holdings (CPRI)

Apparel brand company CEO makes a $20 million buy into shares. Chairman and CEO of Capri Holdings (CPRI) John Idol just spent over $20 million on shares. He picked up over 615,000 shares of the company, increasing his stake by 30 percent. The United Kingdom-based company manufactures apparel and accessories for men and women around the world, including such well-known brands as Versace, Jimmy Choo, and Michael Kors. Shares have been weak year-to-date, and the $20 million buy-in is a major vote of ...
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Unusual Options Activity: Las Vegas Sands (LVS)

A big, bearish trade implies more downside for the casino from here. At least one trader is betting on a big decline in casino firm Las Vegas Sands (LVS). On Tuesday, a large number of contracts traded on a December $40 put option. With shares currently trading around $55, which implies a 25 percent decline in shares between now and the end of the year for the put option to pay off like a winning slot machine. The contract had over 1,360 trades, ...
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Fed Chief Calms Markets

Federal Reserve officials gave markets a huge boost Tuesday with bullish comments. Markets surged higher over 2 percent on Tuesday, fueled by comments by Federal Reserve Chairman Jerome Powell. Speaking at a conference at the Federal Reserve Bank of Chicago, he stated that the Fed is prepared to "act as appropriate to sustain the expansion." The comments also revolved around trade war fears that could put a lid on trade and economic growth, using the old standby phrase "We are closely monitoring the ...
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Unusual Options Activity: Facebook (FB)

Traders are betting that Facebook shares will bounce after Monday's decline. Some traders are betting that shares of Facebook (FB) are oversold. The social media giant sold off with the other tech giants on Monday on news that the FTC will look into the company. Shares fell over 8 percent. However, some traders see the move as too much, too soon, and expect shares to potentially move higher from here, with bets on options expiring at the end of this week on June ...
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Manufacturing Grows, But at a Slower Pace

Manufacturing grows in May, albeit more slowly than expected. The ISM Manufacturing Index showed that the economy continued to expand. This is the 111th month in a row that the index has shown growth, with little sign of an overall economic slowdown. However, with a reading of 52.1, the number came in below expectations of 53.0. In the prior month, the index read 52.8. The index is measured with a center of 50. Numbers under 50  indicate a decline, and numbers over 50 ...
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