In a Rallying Market, Look for Bargains that Haven’t Broken Higher Yet

Market sentiment has reversed in the past month, from extreme fear to extreme greed. Some companies are making new all-time highs. But not all stocks have gone along for the ride yet. Over time, that can change. Buying companies that haven’t rallied yet can lead to better returns when the runaway market rally trades slow down. And the returns can be even better with companies posting strong earnings. Case in point? Deere & Company (DE). The agricultural equipment manufacturer beat on ...
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Insider Activity Report: Bristol Myers Squibb (BMY)

Theodore Samuels, a director at Bristol Myers Squibb (BMY), recently bought 8,500 shares. The buy increased his stake by 31 percent, and came to a total cost of $423,385. This marks the first insider buy at the company in the past two years. Insiders have been regular sellers of shares, including sales from the CEO and CFO. Some sales have been from the exercise of stock options, but most have not. Overall, BMY insiders own about 0.1 percent of shares. The prescription ...
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Unusual Options Activity: McEwen Mining (MUX)

Gold mining and exploration company McEwen Mining (MUX) has seen shares rally 34 percent in the past year, nearly triple the return on the S&P 500. One trader is betting on a further rally in the next few months. That’s based on the February $8 calls. With 81 days until expiration, 22,960 contracts traded compared to a prior open interest of 226, for a 102-fold jump in volume on the trade. The buyer of the calls paid $0.50 to make the ...
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Growth Stocks May Slow, But Growing Companies Will Still Pay Off

The big market rally of the past few weeks will likely slow down into the final weeks of the year. And we may see a pullback at the start of 2024. Rising interest rates may finally scare investors away from growth stocks in general. The good news? As long as a company can report strong growth, its shares should be able to rise, even in a bear market or under a slowing economy. Investors looking for growth should look for companies that ...
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Insider Activity Report: Dow Inc (DOW)

Richard Davis, a director at Dow Inc (DOW), recently bought 5,000 shares. The buy increased his position by 17 percent, and came to a total cost of $255,437. This marks the first insider activity since April, when another company director bought 400 shares for just under $22,000. Company directors have been steady buyers last year, and the company CEO sold a large block of shares following the exercise of a stock option. In total, Dow insiders own 0.1 percent of shares. The ...
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Unusual Options Activity: Petroleo Brasileiro (PBR)

Oil giant Petroleo Brasileiro (PBR) has had a strong year, with shares rallying nearly 60 percent. One trader sees further upside ahead for shares. That’s based on the June 2024 $10 calls. With 209 days until expiration, 10,016 contracts traded compared to a prior open interest of 303, for a 33-fold increase in volume on the trade. The buyer of the calls paid $5.95 to make the bullish bet. Shares recently traded for about $15.85, making this option about $5.80 in-the-money, and ...
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It’s Not Too Late to Buy the Smaller Players in This Trend

It’s no secret that artificial intelligence has been the top investment trend of the past year. And that it’s helped big-name tech companies soar higher. In turn, that’s helped the overall market recover sharply from the 2022 bear market. With all of the focus on those big names, many smaller players in the AI space still look like a bargain now. They may have also had a great run this year, but their small market cap makes them better long-term growth ...
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Insider Activity Report: Black Stone Minerals, LP (BSM)

Mark Dewalch, a director at Black Stone Minerals, LP (BSM), recently bought 44,000 shares. The buy increased his position by 14 percent, and came to a total cost of $761,952. The buy came a few weeks after the company CEO made two buys, totaling 108,577 shares. Those two buys came to a total cost of $1.4 million. Going further back, insider buys have far exceeded a small number of insider sales over the past two years. Overall, Black Stone insiders own ...
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