12803

Unusual Options Activity: FedEx Corporation (FDX)

Shares of freight and logistics company
FedEx Corporation (FDX) have lost over one-third of their value in the past year. One trader is betting on a further decline. That’s based on the July $180 put. With 56 days until expiration, 15,182 contracts traded compared to a prior open interest of 661, for a 23-fold rise in volume on the trade. The buyer of the puts paid $6.80 to get in. Shares are a little bit off their 52-week low of $193, so ...
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12794

In a Rising or Falling Economy, Don’t Bet Against Defensive Consumer Plays

Consumer spending makes up the bulk of economic spending – over two-thirds, by most estimates. That means that any change in where and how consumers are spending can lead to a shift of billions of dollars. As retailers report their quarterly earnings, some are seeing consumers head their way amid rising economic uncertainty. Others aren’t faring as well. But a few players could be a standout play at current prices, given the role consumers play in the economy. For instance,
Home Depot (HD), ...
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12796

Insider Trading Report: CSX Corp (CSX)

James Wainscott, a director at
CSX Corp (CSX), recently picked up 10,000 shares. The buy increased his position by nearly 95 percent, and came to a total price of just over $330,000. This marks the first insider buying at the company since the summer of 2020, and the first insider activity of any kind since last October. Otherwise, company directors and executives, have been sellers of shares though the end of last year. Overall, insiders own just over 0.2 percent of the ...
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12797

Unusual Options Activity: Cisco Systems (CSCO)

Shares of internet hardware provider
Cisco Systems (CSCO) have been in a downtrend for the past few months. One trader sees the prospect of further declines in the months ahead. That’s based on the June 2023 $45 puts. With 393 days until expiration, 4,001 contracts traded compared to an open interest of 183, for a 22-fold rise in volume. The buyer of the puts paid $3.73 to get into the trade. Shares last went for about $50, so the stock would need to ...
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12784

Consider This Profitable Media Space as Streaming Stocks Slide

The media space is a lucrative one, and one where just a few companies control the bulk of the industry. However, the past few years has seen many media companies rise and fall as plans have come to fruition to build their own streaming services and compete with each other. While this has been going on, another niche part of the media space has been growing steadily, and even before the pandemic was posting better numbers than the box office. That space ...
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12786

Insider Trading Report: Morgan Stanley (MS)

Stephen Luczo, a director at
Morgan Stanley (MS), recently bought 25,000 shares. The buy increased his stake by 11.8 percent, and came to a total price of just over $1.98 million. This marks the first insider buy at the company since late 2020. Over the past three years, company insiders, including both executives and directors, have generally been regular and consistent sellers of shares. Despite those sales, insiders at the investment bank own 21.8 percent of shares. The stock has pulled back in ...
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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, ...
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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 ...
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