Revenue Miss Creates Buying Opportunity in Economic Recovery Play
While earnings season has come in strong, a few misses have occurred. Within that group of stocks, some companies are likely to continue to struggle. Other firms, however, are demonstrating short-term issues that are likely to lead to higher prices in time.
One such name in the latter category is
American Express (AXP). Shares dropped on Friday as the company reported solid earnings with better-than-expected profits. The issue? The company’s revenues were a little on the low side. Overall, the company reported $9.1 ...
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American Express (AXP). Shares dropped on Friday as the company reported solid earnings with better-than-expected profits. The issue? The company’s revenues were a little on the low side. Overall, the company reported $9.1 ...
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Strong Earnings Beats Suggests a Trade on this Big Tech Winner
Earnings season is off to a strong start. Despite a few high-profile misses, most companies have beaten expectations. One company has had a series of better-than-expected numbers in the past year that’s about to report earnings once again.
That company is
Microsoft (MSFT). The tech giant has seen explosive growth in the past year thanks to a shift to remote work during the pandemic, and analysts are expecting revenue up 17 percent this quarter. Shares are at all-time highs, but are only ...
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Microsoft (MSFT). The tech giant has seen explosive growth in the past year thanks to a shift to remote work during the pandemic, and analysts are expecting revenue up 17 percent this quarter. Shares are at all-time highs, but are only ...
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Insider Trading Report: Bed Bath & Beyond (BBBY)
Gustavo Arnal, CFO at
Bed Bath & Beyond (BBBY) recently picked up 20,000 shares. The buy increased his holdings by 7 percent, and came to a total purchase price of $509,000. He was joined by a director, Joshua Schechter, who bought 3,000 shares the same day, increasing his stake by 14 percent and paying just over $75,000. This adds to other insider purchases throughout 2020. The last insider sales at the company were in early 2019. Overall, insiders own about 6 percent ...
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Bed Bath & Beyond (BBBY) recently picked up 20,000 shares. The buy increased his holdings by 7 percent, and came to a total purchase price of $509,000. He was joined by a director, Joshua Schechter, who bought 3,000 shares the same day, increasing his stake by 14 percent and paying just over $75,000. This adds to other insider purchases throughout 2020. The last insider sales at the company were in early 2019. Overall, insiders own about 6 percent ...
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Unusual Options Activity: KT Corporation (KT)
Shares of Korean telecom firm
KT Corporation (KT) are up over 25 percent since early February. One trader sees a potential move higher in the coming months. That’s based on the October $15 calls. Over 7,440 contracts traded against a prior open interest of 188, for a 39-fold rise in volume. Expiring in 176 days, the contract would move in the money if shares rose another $2 from their current price, or about 15 percent. The option buyer paid about $0.60 for the ...
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KT Corporation (KT) are up over 25 percent since early February. One trader sees a potential move higher in the coming months. That’s based on the October $15 calls. Over 7,440 contracts traded against a prior open interest of 188, for a 39-fold rise in volume. Expiring in 176 days, the contract would move in the money if shares rose another $2 from their current price, or about 15 percent. The option buyer paid about $0.60 for the ...
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Insider Trading Report: APA Corp (APA)
Juliet Ellis, a director at
APA Corp (APA) bought 4,545 shares last month. The buy increased her stake by 130 percent, and came to a total purchase price of $100,000. A company insider also sold shares around the same time, but throughout 2019 and 2020, all insider transactions at the company were bullish. Overall, company insiders own 0.3 percent of company shares. The oil and gas exploration company is up 115 percent over the past year, although shares have had a sizeable ...
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APA Corp (APA) bought 4,545 shares last month. The buy increased her stake by 130 percent, and came to a total purchase price of $100,000. A company insider also sold shares around the same time, but throughout 2019 and 2020, all insider transactions at the company were bullish. Overall, company insiders own 0.3 percent of company shares. The oil and gas exploration company is up 115 percent over the past year, although shares have had a sizeable ...
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The King of Streaming Is Down, But Not Out
Shares of
Netflix (NFLX) took a dive in after-hours trading on Tuesday as the company reported earnings. While earnings were fine, subscriber growth slowed to 208 million. That’s up 14 percent from a year before, but it’s also a sign that the boost at the start of the pandemic is starting to wear off. Despite the selloff, shares of Netflix were a top media play in the past year, edging out other companies that have also gotten into the streaming space. The ...
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Netflix (NFLX) took a dive in after-hours trading on Tuesday as the company reported earnings. While earnings were fine, subscriber growth slowed to 208 million. That’s up 14 percent from a year before, but it’s also a sign that the boost at the start of the pandemic is starting to wear off. Despite the selloff, shares of Netflix were a top media play in the past year, edging out other companies that have also gotten into the streaming space. The ...
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Unusual Options Activity: Coty (COTY)
Shares of cosmetics company
Coty (COTY) have nearly tripled since November, on expectations that a reopening economy will be good for cosmetics sales. One trader sees the potential for a move even higher. That’s based on the November $12 calls. Expiring in 211 days, over 9,100 contacts traded, an 81-fold rise in volume from the prior open interest of 112. The buyer of the options paid about $0.72 to make the trade. With shares around $8.60, shares will need to rise about ...
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Coty (COTY) have nearly tripled since November, on expectations that a reopening economy will be good for cosmetics sales. One trader sees the potential for a move even higher. That’s based on the November $12 calls. Expiring in 211 days, over 9,100 contacts traded, an 81-fold rise in volume from the prior open interest of 112. The buyer of the options paid about $0.72 to make the trade. With shares around $8.60, shares will need to rise about ...
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Unusual Options Activity: Tesla Motors (TSLA)
After an explosive move higher in the past year, a share split, and its inclusion in the S&P 500, shares of
Tesla Motors (TSLA) have been trending sideways in recent months. One trader sees a rally resuming. That’s based on the January 2022 $1,030 calls. With 275 days until expiration, 25,000 contracts traded against a prior open interest of 222, for a 112-fold jump in volume. The option buyer paid about $81.40, or $8,140 for a full contract. With shares around $715, Tesla ...
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Tesla Motors (TSLA) have been trending sideways in recent months. One trader sees a rally resuming. That’s based on the January 2022 $1,030 calls. With 275 days until expiration, 25,000 contracts traded against a prior open interest of 222, for a 112-fold jump in volume. The option buyer paid about $81.40, or $8,140 for a full contract. With shares around $715, Tesla ...
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