10252

Still Room for the Airlines to Fly Higher

Since the first Covid vaccine was announced in early November, airline stocks have beaten the overall stock market. That trend is likely to continue in 2021. Holiday travel trends showed an uptick, even as air travel levels were still 75 percent below 2019 levels. With future gains in passengers likely, and with adequate government support, it’s likely that the sector will continue to surge higher as trends improve. That bodes well for the space as a whole, although some names will ...
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10253

Insider Trading Report: NetApp Inc. (NTAP)

Michael Berry, an Executive Vice President of Finance at
NetApp (NTAP), recently bought 15,000 shares. The buy increased his stake by 66 percent. The total cost of the buy came to just over $958,000. This marks the first insider buy at the company in 2020, and the first buy in the last three years. There have been a number of sales, some from directors, with some smaller sells from some C-suite executives. Overall, insiders own just 0.3 percent of outstanding shares of the ...
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10250

Insider Trading Report: IQVIA Holdings (IQV)

John Danhakl, a director at
IQVIA Holdings (IQV), recently started a stake at the company with 63,451 shares. The total cost of the buy came to just over $11.2 million. This marks the first buy from a company insider since August. Over the past three years, company insiders have largely been sellers. In 2020, those sales have largely been by major owners and directors, rather than C-suite executives. The healthcare life sciences and diagnostics company has seen shares move about in-line with ...
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10251

Unusual Options Activity: Snap Inc (SNAP)

Social media play
Snap Inc (SNAP) has seen its shares surge to new all-time highs earlier this week. So it’s no surprise that at least one trader sees the company heading higher. That’s based on the January 8th 2021 $57 call. Expiring in 8 days, the bet is that shares, trading near $52.40, will rally another 8.7 percent. Over 10,200 of the contracts traded against a prior open interest of 111, for a 92-fold rise in volume. The buyer of the option paid ...
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10248

A Blue-Chip Play Still Under Pre-Pandemic Highs

The stock market’s solid run this year has allowed companies to quickly shake off one of the fastest and steepest bear markets in history. A number of companies rightly remain below their pre-pandemic highs. But outside of airlines, cruise ships, and theater chains, a few other plays have likewise struggled. One of the top blue-chip manufacturing plays, which produces thousands of products has been a laggard here. And that’s in spite of the fact that some of its products have been essential ...
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10243

A Market-Beating Investment Vehicle Trading at a Discount

Funds can have a bad name. But when they have a manager on a hot streak, who runs a concentrated portfolio, and who can invest in strategies such as shorting the market and in SPACs, it might just be a top play of 2021. That’s the case with
Pershing Square Holdings (PSHZF). Run by Bill Ackman, the fund is coming off a great year following Ackman’s bet against the market earlier in the year. The fund also owns some top-performing brands that ...
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10245

Unusual Options Activity: Microsoft (MSFT)

Tech giant
Microsoft (MSFT) has had a solid year. One trader sees shares surging even higher. That’s based on the February 2021 $242.50 calls. With shares right around $225, that’s a bet that the stock will gain another 7.7 percent in the next seven weeks. The option saw over 6,570 contracts trade compared to a prior open interest of 100, a 66-fold surge in volume. The trader paid about $2.67 for the option. Shares of the company rose 40 percent over the ...
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10244

Insider Trading Report: Genuine Parts Company (GPC)

John Holder, a director at
Genuine Parts Company (GPC), recently picked up 1,000 shares. The buy increased his holdings by nearly 8 percent, and came to a cost of $97,000. Holder also made the second most recent insider transaction with a buy back in October. Another director also picked up shares back in March. Looking to prior years, there have been a number of both insider buys and sells. Overall, insiders own just under 3 percent of shares. Shares of the automobile part ...
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