Trading Tips Blog

Shares of department store chain Macy’s (M) have been in a steady uptrend for the past several months. One trader sees a continuation of that trend in the months to come. That’s based on the November $21 calls. With 151 days left on the trade, over 25,500 contracts traded, a 33-fold rise from the prior open interest of 767 contracts. The buyer of the calls paid $1.80 on average for the contract. With shares last around $18, they would need to rise ...
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Tech stocks started moving higher overall last week as inflation expectations dropped following the latest Federal Reserve meeting minutes. In the tech space, software companies offer excellent returns overall, as they require little (if any) physical production. That keeps profit margins high. For corporate software, the trends are steady even as work trends oscillate between being remote or in office. One such winner? Adobe (ADBE). The creative software company just trounced its earnings late last week, announcing a 23 percent rise in ...
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M. Jeannie Strandjord, a director at Euronet Worldwide (EEFT), recently picked up 1,166 additional shares. The buy increased her stake by 2.5 percent, and came to a total price of just over $146,000. This marks the first insider transaction of 2021. Insiders have mostly been sellers over the past three years, even as shares have trended higher. Overall, company insiders own 4.4 percent of shares. The company provides payment and transaction processing and distribution services, including automated teller machines (ATMs), and ...
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Roger Ferguson, a director at Corning (GLW), recently bought 1,420 shares. The buy increased his stake by nearly 26 percent, and came to a total purchase price of just under $60,000. This follows up on a buy from the same director last month. However, there have also been a number of insider sales since then, although the share price of the company has continued higher. Over the past three years, insiders have generally been sellers of shares. Overall, company insiders do ...
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Shares of Petroleo Brasilerio (PBR), Brazil’s state-owned oil company, have been moving higher in recent sessions, following the price of oil higher. At least one trader sees that trend continuing. That’s based on the July 9 $13 calls. Expiring in 21 days, over 77,720 contracts traded against a prior open interest of 245, for a 317-fold explosion higher in interest. The buyer of the calls paid about $0.13 on average. With shares just under $12, it would take a return of about ...
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Of the many companies that have attracted the interest of retail investors the past year, many are small or mid-cap companies, worth a few billion at most. One of the larger plays is also one that has recently gone public in the past year. That company is Palantir Technologies (PLTR). The company is in the business of “big data,” processing seemingly unrelated bits of information to arrive at conclusions. A big contractor with governments, the company helped locate Osama bin Laden, among ...
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One lingering effect of the pandemic has been weak guidance from companies when reporting earnings. Many are still deferring from making forward-looking statements at all, and the market prefers to hear a rosy picture. Without it, a company may even sell off when it reports solid earnings. Case in point? Oracle (ORCL). The tech giant saw triple-digit growth in its cloud infrastructure business, yet provided weak guidance, leading to a drop in shares. Even with a post-earnings drop, shares are still beating ...
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Lawrence Savarese, a director at New York Community Bancorp (NYCB), recently picked up 20,000 shares. The buy increased his stake by nearly 17 percent, and came to a total purchase price of just over $231,000. That follows on a 17,700 share buy from earlier in the month, as well as a 5,000 share buy back in February. Other directors have also been buyers in the past year, but no company executives. On the plus side, there have been no insider ...
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