15952

The Latest Chip Developments Could Lead to a Shakeup In the Semiconductor Space

Semiconductor companies have been on a tear. Part of their rally is driven by anything related to AI. But another part is the announcement of new chips that can truly expand on the breakthroughs occurring in AI today. Part of that could mean that some lagging companies may end up grabbing more market share. And that slower-growing companies out of the market’s favor may become the new market leaders in the quarters ahead. For instance,
Intel (INTC) has struggled in recent years. It’s ...
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15953

Insider Activity Report: BlackLine (BL)

Jimmy Duan, Chief Customer Officer at
BlackLine (BL), recently bought 2,000 shares. The buy increased his stake by 4%, and came to a total cost of $95,450. The buy came a week after the company Co-CEO bought 3,000 shares, paying $149,650 for the position. Those are the only insider buys over the past two years. Otherwise, company executives and directors have been moderate sellers of shares over the past two years. The last insider sales following the exercise of stock options occurred ...
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15954

Unusual Options Activity: United Airlines Holdings (UAL)

Air carrier
United Airlines Holdings (UAL) has been trending higher since October. One trader sees shares hitting an air pocket over the summer. That’s based on the September $46 puts. With 106 days until expiration, 47,599 contracts traded compared to a prior open interest of 306, for a massive 156-fold rise in volume on the trade. The buyer of the puts paid $1.74 to make the bearish bet. UAL recently traded for about $52, so shares would need to drop by $6, or ...
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15948

As the Market Rallies, Focus on Companies With a Clean Bill of Financial Health

“It’s only when the tide goes out that you learn who has been swimming naked.” That Warren Buffett quite is about the danger of investing in companies during bull markets. Some companies that are flying high today may have some problems that are being overlooked. That trend could easily reverse. So with markets still near all-time highs, investors may want to look for companies that have clean financial books and are in good shape. One such company is
Autodesk (ADSK). Shares have rallied ...
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15950

Insider Activity Report: Norfolk Southern (NSC)

Claude Mongeau, a director at
Norfolk Southern (NSC), recently bought 5,650 shares. The buy increased his stake by nearly 40%, and came to a cost just under $1.25 million. He is one of four directors who picked up shares last week. The smallest buy was for $150,000 shares. A third director saw their position grow by over 1,000%, and the last director to buy was building an initial stake. These mark the first insider buys over the past two years. Overall, Read More About This
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15951

Unusual Options Activity: DraftKings (DKNG)

Sports gaming site
DraftKings (DKNG) is up 39% in the past year, beating the overall returns of the stock market. One trader sees shares trending higher in the coming weeks. That’s based on the July 5 $36 calls. With 30 days until expiration, 11,050 contracts traded compared to a prior open interest of 119, for a 93-fold rise in volume on the trade. The buyer of the calls paid $1.57 to make the bullish bet. DraftKings shares recently traded for about $35.50, making ...
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15942

The Market’s Love/Hate Relationship with This Sector Is Creating Bargains Now

Most market sectors move in and out of favor with investors over time. One simple strategy for investors is to buy out-of-favor sectors, and then look to take profits when that sector turns around. Doing so can create market-beating returns consistently, and keep out of sectors that are overly loved and may be poised to see a massive drop. Today, a few sectors remain out of the market’s favor, including one in the tech space. That niche part of the tech market ...
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15944

Insider Activity Report: Wolfspeed (WOLF)

Marvin Riley, a director at
Wolfspeed (WOLF), recently bought 1,866 shares. The buy increased his stake by 16%, and came to a total cost of $50,481. This is the first insider buy since February, when a cluster of four directors bought nearly 10,000 shares each, at a cost of around $250,000 for each director. The last insider sale occurred last December, when the company CFO sold about 6% of his stake. Overall, Wolfspeed insiders own 0.9% of shares. The silicon carbide wafer ...
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