12789

Unusual Options Activity: Agnico Eagle Mines (AEM)

Shares of gold producer
Agnico Eagles Mines (AEM) are off by over 30 percent in the past year, as gold prices have been lackluster. One trader, however, sees the possibility for a massive rally in the coming months. That’s based on the January 2024 $80 calls. With 611 days until expiration, 8,846 contracts traded hands compared to an open interest of 133, for a 67-fold increase in volume on the trade. The buyer of the calls paid $3.90. Shares last traded around $52, ...
Read More About This
|
12777

Why This Strong Performing Player Can Continue Higher Now

The past six months have been devastating for growth companies. From the tech space to speculative startups to everything crypto, many of the well-known growth stories of the past year have seen their gains evaporate – and then some. However, the more slow-and-steady companies have been holding up far better now. And some even play to multiple favorable market trends now, which make them likely to continue performing well in the future. That latter category is where
Berkshire Hathaway (BRK-B) has been a ...
Read More About This
|
12779

Insider Trading Report: Starbucks (SBUX)

Howard Schultz, interim CEO of
Starbucks (SBUX), recently added 137,500 shares. The buy increased his holdings by 0.6 percent, and came to a total purchase price of just under $10 million. This marks the first insider buy at the company over the past three years. Otherwise, company executives and directors alike have been regular sellers of shares of the beverage chain giant. The buy comes following the company’s latest earnings, and as Schultz takes up the CEO role for the third time. Overall, ...
Read More About This
|
12782

Unusual Options Activity: Synchrony Financial (SYF)

Shares of regional bank
Synchrony Financial (SYF) are trading near a 52-week low. One trader sees the stock moving even lower in the coming months. That’s based on the September $29 puts. With 122 days until expiration, 7,966 contracts traded compared to an open interest of 100, for an 80-fold surge in volume on the trade. The buyer of the puts paid $1.80 to make the downside bet. Shares last traded around $33.50, so the bank would need to drop more than 15 ...
Read More About This
|
12769

Long-Term Trends Bode Well for Tech Infrastructure Plays Now

Even with a modest slowdown in the overall economy in the first quarter of the year, and even with a potential recession if the second quarter also shows a slowdown, the world continues to improve. New technologies and networks are rolled out. New ideas hit the drawing board. And there’s still ample demand for those products to make an investment in the right tech stocks now a worthwhile one. With a number of new developments in the space, semiconductor companies are likely ...
Read More About This
|
12772

Insider Trading Report: Fastenal (FAST)

Michael Ancius, a director at
Fastenal (FAST), recently added 1,000 shares. The buy increased his stake by 3 percent, and came to a total purchase price of $51,000. This is the fourth buy from the director this year, who in total has now acquired over 2,100 shares. Going back further, sellers at the company have exceeded buyers over the past three years. Overall, insiders own about 0.2 percent of shares. The distributer of fasteners and other industrial equipment is down about 6 percent ...
Read More About This
|
12775

Unusual Options Activity: Nu Holdings (NU)

Shares of Brazilian bank
Nu Holdings (NU) have been in a steep downtrend since the company went public late last year. One trader is betting on a further decline in shares. That’s based on the June 17th $2 puts. With 32 days until expiration, 3,758 contracts traded compared to a prior interest of 112, for a 34-fold increase in volume on the trade. The buyer of the puts paid $0.18 to get into the trade. Shares of the bank recently traded around $4.00, ...
Read More About This
|
12760

Slow and Steady Still Makes Real Estate A Compelling Sector For Investors Now

Real estate has been holding up better than the stock market. Even rising interest rates are seen as a potential way to cool the rapidly-rising housing market. Other parts of the real estate market have likewise held up well, but have different dynamics that should enable more value to be unlocked ahead. One such area is in industrial real estate. Most investors can’t or don’t want to own this space directly, so a number of REITs exist to make it easy. Industrial ...
Read More About This
|