Unusual Options Activity: AngloGold Ashanti (AU)

Shares of gold mining operation AngloGold Ashanti (AU) are down 32 percent in the past year, amid a drop in gold-related stocks overall. One trader sees the potential for a surge higher at some point in the next six months. That’s based on the April 2023 $18 calls. With 175 days until expiration, 2,050 contracts traded compared to a prior open interest of 128, for a 16-fold rise in volume on the trade. The buyer of the calls paid $0.68. Shares recently ...
Read More
|

Grab the World’s Best Assets When They Go on Sale

In a bear market, smart investors buy. They know that great companies get sold off with overpriced ones during a market selloff. And buying great companies ensures better returns than chasing great companies higher during a bull market. Investors who follow this strategy can build a solid portfolio of blue-chip stocks in any sector. Right now, many great tech names have been hit the hardest. Of those tech stocks, there are some compelling valuations in companies that simply dominate their market. It’s ...
Read More
|

Insider Trading Report: The First Bancorp (FNLC)

Kimberly Swan, a director at The First Bancorp (FNLC), recently added 1,000 shares. The buy increased her holdings by nearly 15 percent, and came to a total purchase price of just under $30,000. This is the first insider buy at the company since last December, when the director made a 5,000 share buy. Other company insiders have been buyers in the past three years, including the company President & CEO. The last insider sale occurred in the summer of 2020. Overall, Read More
|

Unusual Options Activity: Momentive Global (MNTV)

Shares of software feedback company Momentive Global (MNTV) are down 70 percent in the past year. One trader sees a move higher in the coming weeks. That’s based on the December 16th $9.00 calls. With 50 days until expiration, 8,228 contracts traded compared to a prior open interest of 103, for an 80-fold rise in volume on the trade. The buyer of the calls paid $0.58 to make the bullish bet. Shares recently traded for about $8, so the stock would need ...
Read More
|

Stick With What the World Needs in a Slowing Economy

It’s no surprise that when the economy is slow, consumers and companies scale back on their spending. And there’s a whole world of defensive industries that tend to fare well no matter what the economy is doing. While trade and commerce may slow during a recession, goods still need to move from their manufacturing point to the end user. And right now, the only way for goods to reach their final point is by truck. That bodes well for Paccar (PCAR). They’re ...
Read More
|

Insider Trading Report: RE/MAX Holdings (RMAX)

Magnolia Capital Fund, a major owner of RE/MAX Holdings (RMAX), recently added 18,934 shares. The buy increased the fund’s holdings by just under 1 percent, and came to a total cost of just over $344,000. This is the sixth buy that the fund has made since June. Otherwise, the last insider activity occurred in March 2021, when a company executive last sold shares. Activity was fairly quiet when shares were rising amid the latest real estate boom. Company insiders own about ...
Read More
|

Unusual Options Activity: Aehr Test Systems (AEHR)

Shares of semiconductor test systems company Aehr Test Systems (AEHR) have declined 2 percent in the past year, as a massive drop gave way to a recovery rally. One trader sees another drop ahead. That’s based on the March 2023 $22.50 puts. With 142 days until expiration, 2,016 contracts traded compared to a prior open interest of 101, for a 20-fold rise in volume on the trade. The buyer of the puts paid $5.35 to make the bearish bet. The stock recently ...
Read More
|

The Future Takes Time – Capitalize on that Delay with Well-Performing Stocks Today

The past few years has seen tremendous growth in alternative energy plays. And in a push for more environmentally-friendly ways of doing business. That’s led some to see the end of old-school energy companies like big oil plays. But most renewable technology can’t scale well or still remains ineffective for areas such as transportation. That’s why it’s likely that oil and natural gas will still be valuable commodities for some time. That’s why investors shouldn’t overlook some of the big energy plays ...
Read More
|