14451

This Fearful Part of the Market Has Pockets of Safety

While stocks have trended higher this year overall, investors have been unpleasantly surprised by a series of bank failures. While it’s been largely quiet in the past few weeks, many small and regional banks remain beaten down. That’s creating an opportunity for investors. Why? While there may still be more bank failures ahead, many names in the space are safe. And because they’ve been beaten down so heavily, they now trade at a steep discount. For instance, regional bank
Citizens Financial Group (CFG) ...
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14453

Insider Trading Report: Acadia Realty Trust (AKR)

Douglas Crocker, a director at
Acadia Realty Trust (AKR), recently bought 28,250 shares. The buy increased his stake by 34 percent, and came to a total cost of $364,425. This marks the first insider purchase at the company in over two years. Otherwise, company insiders have generally been sellers of shares. One director was a regular seller throughout 2022, and company executives have been modest sellers of shares after exercising stock options. Overall, insiders own 0.7 percent of shares. The retail-oriented real estate ...
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14455

Unusual Options Activity: Rapid7 (RPD)

Cybersecurity company
Rapid7 (RPD) has had a 30 percent drop over the past year. One trader sees a strong rebound in the coming weeks. That’s based on the July $60 calls. With 40 days until expiration, 10,579 contracts traded compared to a prior open interest of 111, for a 95-fold rise in volume on the trade. The buyer of the calls paid $0.95 to make the bullish bet. Shares recently traded just over $47, so they would need to rise $13, or about ...
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14447

Consider this Small Cap Play for the AI Revolution

While the stock market has rewarded companies moving into the artificial intelligence (AI) space this year, the ride hasn’t been a smooth one. That’s actually a good thing for investors. Pullbacks create buying opportunities. And the important thing for investors is to buy smaller AI companies that can see big growth – and share price appreciation – over time. That means looking for companies that have small market caps – under $100 billion – which takes a lot of household tech ...
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14448

Insider Trading Report: Big Lots (BIG)

Bruce Thorn, President and CEO at
Big Lots (BIG), recently bought 51,000 shares. The buy increased his holdings by 8 percent, and came to a total cost just over $247,000. This marks the only insider buy at the company over the past two years. One company Executive Bice President was a regular seller of shares in 2021 and into early 2022, but insiders have been inactive for the past 14 months. Overall, company insiders own 3.3 percent of shares. The discount retailer has ...
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14449

Unusual Options Activity: Dow (DOW)

Chemical manufacturer
Dow (DOW) is down over 25 percent in the past year. One trader sees a rebound ahead in the coming weeks. That’s based on the June 30th $53 calls. With 24 days until expiration, 18,807 contracts traded compared to a prior open interest of 111, for a 169-fold jump in volume on the trade. The buyer of the calls paid $0.70 to make the bullish bet. Shares recently traded for just over $51.50, so the stock would need to rise less ...
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14440

The Drop in Spending on Goods Isn’t Over, But the Fear Is Creating Oversold Opportunities

Economic data remains confusing. While the economy is slowing by several measures, we’re still seeing signs of a strong economy, such as the labor market. One trend that’s becoming more clear is that spending is declining on goods, but not necessarily on services. That’s leading to a drop in retail-related stocks. And while a slowing economy will mean a further slowdown in the sale of goods, it won’t drop to zero. Consumers still need to consume, if only for basics such as ...
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14442

Insider Trading Report: Match Group (MTCH)

Bernard Kim, CEO at
Match Group (MTCH), recently bought 31,439 shares. The buy increased his stake by 184 percent, and came to a total cost just over $1.08 million. The last insider buy also came from the CEO last August, with a 16,000 share pickup. Otherwise, one company executive sold following the exercise of stock options, and a company director sold a small position back in March. Overall, insiders own about 0.7 percent of shares. The dating product company has seen shares drop ...
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