Trading Tips Blog

With stocks near bear market territory, some names have been hit harder than others. A bear market marks a market-wide drop of 20 percent from a top. But some individual tech names, even big players, are down further than that. One such example is Netflix (NFLX). The streaming platform has reported slower growth, a decline in subscribers for the first time ever, and increased competition in the streaming space. Shares are down more than half off their highs as a result. Given ...
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Richard Schulze, Chairman Emeritus at Best Buy Co (BBY), recently picked up 250,000 shares. The buy increased his holdings by about 1.1 percent, and came to a total purchase price of $19,900,000. The buy is notably large, as company insiders have generally been sellers of shares over the past three years. Typically, company insiders will sell around 10,000-15,000 shares in their largest blocks, against some modest insider buys of as few as 10 shares. Overall, insiders, led by Schulze, own 10.8 ...
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Shares of carmaker General Motors (GM) have shed over one-third of their value in the past year. One trader sees the possibility for a further decline. That’s based on the July 8 $38 puts. With 37 days until expiration, 10,003 contracts traded compared to a prior open interest of 100, for a 100-fold increase in volume on the trade. The buyer of the puts paid $1.89 to make the trade. Shares last traded around $38.50, meaning that these options are already about ...
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Many tech trends are under way today that will lead to big growth, especially when looking past today’s weak economy. One of those trends is big data, which looks at data sets too large and complex to be reviewed manually. Big data is already allowing companies to find new ways of doing business, with substantial improvements already. Yet the real value of that will only compound in time. One leader in the space is Palantir Technologies (PLTR). Like most tech plays, it’s ...
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Jim Kever, a director at 3D Systems Corp (DDD), recently picked up 10,000 shares. The buy increased his holdings by 2.5 percent, and came to a total cost of just over $106,000. The buy comes one week after the company president and CEO picked up 10,141 shares, also for a total cost of around $106,000. Going back over the past three years, company insiders, including both executives and directors, have been inclined to be sellers of shares. Overall, insiders at the company ...
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Shares of megabank Bank of America (BAC) have shed about 13 percent in the past year. One trader sees a potential rebound playing out through the next year. That’s based on the March 2023 $50 calls. With 290 days left on the option, 12,368 contracts traded compared to a prior open interest of 367, for a 34-fold rise in volume on the trade. The buyer of the calls paid $0.55 to get into the trade. Shares recently traded for just under $37, ...
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In a bull market, great companies will rise… but so will ones that aren’t the leaders of their sector. When markets are in turmoil, it’s industry leaders that will likely perform best, even if they’re suffering from a drop in earnings. That can be seen with the most recent earnings season. Many companies across the board were down. But those that are leading in their industry have been faring relatively better. Case in point? Semiconductor company Nvidia (NVDA). The company reported ...
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James Breyer, a director at Blackstone (BX), recently picked up 9,326 more shares of the company. The buy increased his holdings by 37 percent, and came to a total purchase price of just under $1,000,000. This follows from a series of buys from another director over the past four months, totaling just over 10,000 shares. Going back over the past three years, these are the only insider buys at the company, with sales by company executives and insiders occurring on a ...
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