11689

Unusual Options Activity: Alcoa Corporation (AA)

Shares of aluminum processor
Alcoa Corporation (AA) have been moving steadily higher over the past year amid a booming commodity market. One trader sees that trend continuing into the first half of next year. That’s based on the June $55 calls. With 249 days left before expiration, over 6,525 contracts traded against a prior open interest of 161, for a 41-fold rise in volume. The buyer of the calls paid $5.13 to make the trade. Shares have traded as high as $52.50 ...
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11674

Value and Inflation-Fighting Pricing Power Make this Company a Buy

While many companies have reported trouble in finding workers right now, news of a strike is a different, pre-pandemic sort of labor problem. Yet that’s the case at
Kellogg Company (K), where nearly 5 percent of the company workforce has gone on strike. While a prolonged strike could mean favorite cereal brands getting sold out at grocery stores, shares of the company were slightly up the day the story broke. Yet it does point to the relative value the company is ...
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11676

Insider Trading Report: Oracle Corp (ORCL)

Alison Fairhead, a director at
Oracle Corp (ORCL), recently added 1,286 shares. The buy increased her stake by nearly 5.7 percent, and came to a total purchase price of just under $110,000. The director has been a prior buyer of shares back in March, picking up 10,242 shares for just under $689,000, and at a purchase price about 35 percent lower compared to where shares trade today. Otherwise, company insiders at the tech company have largely been sellers. Company insiders still own Read More About This
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11678

Unusual Options Activity: Ginkgo Bioworks Holdings (DNA)

Shares of biotech firm
Ginkgo Bioworks Holdings (DNA) suffered a double-digit loss on Tuesday following a short-seller issuing a report questioning the company’s revenue sources. However, one trader sees shares shaking off the fear and moving higher. That’s based on the March $14 calls. With 161 days to trade, nearly 4,600 contracts traded, a 32-fold rise in volume from the prior open interest of 144. The buyer of the call paid $1.28 for the trade. The trade was made as shares were knocked ...
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11666

This High Profit-Margin Business Promises Big Growth

Software companies remain one of the best places for tech investors. It doesn’t require physical facilities to manufacture hardware, and a piece of software can be copied endlessly with little extra cost. That creates high profit margins. Today, software companies that offer data and analytic services can best use a recurring revenue model to create steady and growing cash flows as well. That’s a particularly attractive space for investors in tech today. One clear winner in the space is
Palantir Technologies (PLTR). While ...
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11668

Insider Trading Report: Cheniere Energy Partners (CQP)

Blackstone Holdings III, a major holder of
Cheniere Energy Partners (CQP), recently added 44,517 shares to their holdings. The buy increased the firm’s stake by 0.34 percent, and came to a total price of just over $1.8 million. Other major owners have also been buyers in the past few weeks, with the last insider sales occurring back in March with a massive 2.3 million share sale. The last activity from a non-major holder came from a director sale back in late 2020. Overall, ...
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11670

Unusual Options Activity: Tesla Motors (TSLA)

Shares of electric carmaker
Tesla Motors (TSLA) have been trending higher in recent weeks, aided by a report that the company has continued full production amid a global chip shortage. One trader sees shares moving higher in the coming weeks. That’s based on the October 22 $830 calls. With 15 days until expiration, over 12,175 contracts traded against a prior open interest of 449, for a 27-fold rise in volume. The buyer of the calls paid $10.08. Shares last traded around $780, so ...
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11657

Combining Two Top Tech Trends Can Lead to Bigger Profits

Investors are already aware of the top trends likely to produce trillions of dollars in wealth over the next decade. With markets having a classic autumn selloff from overpriced levels, some companies are looking ahead to that future. The best way to grow for many firms right now is to acquire smaller and faster-growing companies, particularly when those firms provide access to a new market for existing products. That may be the case with
Qualcomm (QCOM). The wireless chipmaker has partnered up ...
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