Unusual Options Activity: Shopify (SHOP)

Commerce platform Shopify (SHOP) has had a banner year, returning 81 percent, far outpacing the 15 percent return in the S&P 500. One trader sees a pullback in the coming weeks. That’s based on the December 29 $62 puts. With 23 days until expiration, 4,387 contracts traded compared to a prior open interest of 135, for a 33-fold rise in volume on the trade. The buyer of the pus paid $0.30 to make the bearish bet. Shopify recently traded for about $72, ...
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Strong Brands Will Power Through In 2024

Even with markets up this year, many individual stocks have had a rough time. Some branded stocks have had a rough few years, as inflation has pushed prices higher and consumers away. For many consumer good companies in the packaged food space, the rise of new weight loss drugs has also weighed heavily. However, no trend will last forever. And changes in demand and consumer tastes can make last year’s losers relative winners. That’s why beaten down companies like Pepsi (PEP) stand ...
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Insider Activity Report: Bristol Myers Squibb (BMY)

Christopher Boerner, CEO of Bristol Myers Squibb (BMY), recently bought 3,071 shares. The buy increased his holdings by 4 percent, and came to a total cost of $150,049. The buy came a week after a company director bought 8,500 shares, paying just under $424,000. The last insider Activity was in August, when two VPs sold shares at a price more than $10 higher from where BMY trades today. And going further back, other insiders have been sellers at higher prices. Overall, Read More
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Unusual Options Activity: 1-800-FLOWERS.COM (FLWS)

Online floral delivery company 1-800-FLOWERS.COM (FLWS) is down 4 percent over the past year. One trader sees shares trending higher in the coming weeks. That’s based on the January 19 $10 calls. With 45 days until expiration, 5,094 contracts traded compared to a prior open interest of 113, for a 45-fold rise in volume on the trade. The buyer of the calls paid $0.45 to make the bullish bet. FLWS recently traded just over $9, so shares would need to rise about ...
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Consider Using This Annual Strategy Now, Not in January

There are plenty of market strategies that investors like to employ. And often, the start of a new year is an opportunity to make a change. However, investors don’t have to wait. Given that stocks will likely see a small pullback at the start of December then have a year-end rally, having a plan in place to profit now could lead to better returns. One investment strategy is the Dogs of the Dow. That’s a concept of buying the 5 highest yielding ...
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Insider Activity Report: Heartland Express (HTLD)

The Ann S. Gerdin Revocable Trust, a major owner of Heartland Express (HTLD), recently added 32,914 shares. The buy increased the trust’s holdings by less than 1 percent, and came to a total cost of $434,871. The buy came a week after the company CEO bought 95,602 shares, paying $1.25 million. Company insiders have been regular and steady buyers of shares over the past two years, with no insider sales. Overall, Heartland insiders own 44 percent of shares. The trucking company is ...
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Unusual Options Activity: Chewy (CHWY)

E-commerce pet supply retailer Chewy (CHWY) has been out of favor with the market in the past year, with shares down 60 percent. One trader sees a potential recovery in the first half of 2024. That’s based on the July $30 calls. With 227 days until expiration, 5,500 contracts traded compared to a prior open interest of 161, for a 34-fold rise in volume on the trade. The buyer of the calls paid $1.00 to make the bullish bet. Chewy shares recently ...
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Stick With this Winning Corner of the Energy Market

After a strong year in 2022, energy prices have been volatile for 2023. Oil is back under $80, after trending over $90 in the summer. Production cuts should have led to higher prices, but the world is getting more efficient at using energy. However, while conventional energy is down, it’s not out. Dreams of a green energy revolution are taking longer to realize than initially thought. Oil stocks could still be big winners for investors in the years ahead. That’s why investors ...
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