Invest With Companies Leading Market Trends
This year, the stock market may have had its rally almost entirely thanks to the interest in AI. It’s pushed many big-cap tech stocks higher. Thanks to their high weighting, in turn, that’s helped stock indices rise. That trend may not be over, given the long-term opportunities as AI moves out of its early stages. If so, many companies that can benefit from the trend may be a long-term buy as the market moves out of correction mode. One example is with ...
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Insider Activity Report: M&T Bank (MTB)
Daryl Bible, CFO at
M&T Bank (MTB), recently bought 5,000 shares. The buy increased his holdings by 18 percent, and came to a total cost of $555,218. This is the second buy from the CFO this year, following a 10,000 share pickup in June, for just over $1.2 million. Another director bought shares in February. Otherwise, company insiders have been small sellers of shares, often from the exercise of stock options. Overall, company insiders own 0.6 percent of shares. The bank has seen ...
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M&T Bank (MTB), recently bought 5,000 shares. The buy increased his holdings by 18 percent, and came to a total cost of $555,218. This is the second buy from the CFO this year, following a 10,000 share pickup in June, for just over $1.2 million. Another director bought shares in February. Otherwise, company insiders have been small sellers of shares, often from the exercise of stock options. Overall, company insiders own 0.6 percent of shares. The bank has seen ...
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Unusual Options Activity: V.F. Corporation (VFC)
Apparel manufacturing firm
V.F. Corporation (VFC) is down nearly 50 percent over the past year. One trader sees the weakness in shares continuing throughout the next year. That’s based on the January 2025 $10 puts. With 441 days until expiration, 40,812 contracts traded compared to a prior open interest of 258, for a massive 158-fold rise in volume on the trade. The buyer of the puts paid $1.35 to make the bearish bet. VFC shares recently traded for about $13, so the stock ...
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V.F. Corporation (VFC) is down nearly 50 percent over the past year. One trader sees the weakness in shares continuing throughout the next year. That’s based on the January 2025 $10 puts. With 441 days until expiration, 40,812 contracts traded compared to a prior open interest of 258, for a massive 158-fold rise in volume on the trade. The buyer of the puts paid $1.35 to make the bearish bet. VFC shares recently traded for about $13, so the stock ...
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Earnings Season Shows an Opportunity for AI Investors
This quarter’s earnings season has shown that investors are less interested in AI, at least as far as big tech names are concerned. Instead, the concern is how those companies are managing their major cash cow, cloud services. Yet that’s a space where AI tools could enhance returns in the future. And investing with companies that can provide AI tools specifically for cloud services could see big gains outside the well-known big tech names. The leading player for this intersection of trends ...
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Insider Activity Report: Occidental Petroleum (OXY)
Berkshire Hathaway (BRK-A), a major holder of
Occidental Petroleum (OXY), recently added 3.92 million shares. The buy cost the company $246 million, and represented a 2 percent increase in Berkshire’s OXY holdings. The buy comes after a four-month pause, as Berkshire’s prior buy was back in June. Berkshire has been the sole insider buyer of shares going back to early 2022. And 2022 also saw the last insider sale, which came following the exercise of a stock option. Overall, Occidental insiders ...
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Unusual Options Activity: JetBlue (JBLU)
Airline carrier
JetBlue (JBLU) is down nearly 50 percent over the past year, as the carrier has been working on the acquisition of
Spirit Airlines (SAVE). One trader sees shares trending higher into the start of next year. That’s based on the January 2024 $4.00 calls. With 78 days until expiration, 42,989 contracts traded compared to a prior open interest of 526, for an 82-fold rise in volume on the trade. The buyer of the calls paid $0.49 to make the bullish bet. Shares ...
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JetBlue (JBLU) is down nearly 50 percent over the past year, as the carrier has been working on the acquisition of
Spirit Airlines (SAVE). One trader sees shares trending higher into the start of next year. That’s based on the January 2024 $4.00 calls. With 78 days until expiration, 42,989 contracts traded compared to a prior open interest of 526, for an 82-fold rise in volume on the trade. The buyer of the calls paid $0.49 to make the bullish bet. Shares ...
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Companies Serving Up Good Earnings Remain a Buy
The market’s selloff in the past few months has largely occurred between earnings seasons. The past few weeks, we’ve seen companies report solid earnings. The market hasn’t been in a position to reward those earnings yet, but could in the weeks ahead as stocks form a base and look to move off their current prices into the end of the year. Picking through today’s earnings winners could lead to solid returns in the months ahead. For investors who are still cautious about ...
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Insider Activity Report: American Express (AXP)
Walter Clayton, a director at
American Express (AXP), recently bought 1,000 shares. The buy doubled his total holdings, and came to a cost of $143,930. The director bought his initial stake in November 2022, paying about $149,000 for 1,000 shares. In that intervening time, company executives have sold shares, some directly, and some following the exercise of stock options. And there have been no other insider buys. Overall, American Express insiders own 0.1 percent of shares. The credit card services provider is down ...
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American Express (AXP), recently bought 1,000 shares. The buy doubled his total holdings, and came to a cost of $143,930. The director bought his initial stake in November 2022, paying about $149,000 for 1,000 shares. In that intervening time, company executives have sold shares, some directly, and some following the exercise of stock options. And there have been no other insider buys. Overall, American Express insiders own 0.1 percent of shares. The credit card services provider is down ...
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