This Tech Play Joined the Trillionaire Club, and Still Has Room to Rally

Big tech companies have been in the spotlight over a number of their business practices. While the jury is still proverbially out on more regulation for big tech, one judge recently threw out a lawsuit against Facebook (FB). The lawsuit was an FTC complaint regarding a number of antitrust complaints, given the company’s anti-competitive nature. Shares of the social media firm rallied on the news, allowing the firm to hit a $1 trillion market cap for the first time. There’s likely room ...
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Insider Trading Report: FinTech Acquisition Group V (FTCV)

Luxor Capital Group, a major owner of FinTech Acquisition Group V (FTCV), recently added to their stake with a 63,904 share buy. The buy increased the firm’s stake by 1.8 percent and came to a total price of $761,000. That follows on a number of other buys in the month of June, adding nearly 500,000 shares in total by the fund. One other major holder has also been a buyer since the company went public, with no insider sales. FinTech Acquisition ...
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Unusual Options Activity: Expedia (EXPE)

Shares of travel booking firm Expedia (EXPE) have been trading in a range for the past few months, but saw a drop to the bottom of their range on Monday. One trader sees the opportunity for a strong rebound in the months to come. That’s based on the November $180 calls. With 142 days until expiration, over 13,894 contracts traded hands, a 121-fold jump in volume from the prior open interest of 115. The buyer of the calls paid about $13.80 ...
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It’s Still a Low-Yield World, So Buy Dividend Stocks That Do This

With inflation running at annualized rates near 5 percent right now, the notion of locking up money in a 10-year government bond that pays just 1.5 percent seems ridiculous. But rather than go all the way up the risk scale, investors looking for income can find better starting  yields and even find opportunities to grow that income over time. But instead of the bond markets, those with a multi-year time horizon will likely do best with dividend growth stocks. With many companies ...
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Unusual Options Activity: L Brands (LB)

Shares of consumer apparel giant L Brands (LB) have been in a strong uptrend over the past six months. One trader sees the possibility of a further move higher in the coming days. That’s based on the July 9 $77 calls. Expiring in 10 days, over 3,820 contracts traded against an open interest of 125, for a 31-fold rise in volume. The buyer of the calls paid about $0.72 on average. Shares of L Brands last traded near $72, so shares would ...
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Insider Trading Report: R.R. Donnelley & Sons (RRD)

Chatham Asset Management, a major holder at R.R. Donnelley & Sons (RRD), recently added to its stake with a 90,000 share buy. The total cost came to just over $574,000, and increased the fund’s total holdings in the company by 0.8 percent. This buy adds on to a buy earlier in June, as well as a 1.4 million share buy back in May. Overall, the fund has been the biggest mover of shares in the past three years. While one large ...
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Media Merger Rumors Show Value in Two Companies

The stock market has always been rife with rumors. From big players talking up positions or trying to talk down a shorted stock, it’s part of the great game. This week, merger speculation occurred that Comcast (CMCSA) was looking to merge or buy out a number of smaller players. While Wall Street analysts are trying to downplay these rumors, the possibility has been floated that the cable giant turned media powerhouse is looking to buy up either Roku (ROKU) or ViacomCBS ...
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Insider Trading Report: Restaurant Brands International (QSR)

Marc Lemann, a director at Restaurant Brands International (QSR), recently bought 15,000 shares. This buy came to a total purchase price of just over $1 million, and represents the director’s initial stake in the company. This represents a rare buy at the company, as the most recent prior buy occurred in early 2019. Overall, company insiders have been regular and large sellers of company shares, including both C-suite executives and company managers. Overall, company insiders own about 1.5 percent of company ...
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