This Non-FAANG Stock is the Best Name in Big Tech
Although shares of
Microsoft (MSFT) dropped on Wednesday, the culprit wasn’t the company’s earnings. They were stellar. Rather, the reason was the overall decline in markets as traders moved to cash. That creates a buying opportunity, particularly as Microsoft continues to grow its market share in the cloud services space as well as in the gaming space. The company reports that Microsoft Teams has moved from 44 million users to 115 million… since March. It’s clear that the company has been a ...
Read More About This
Microsoft (MSFT) dropped on Wednesday, the culprit wasn’t the company’s earnings. They were stellar. Rather, the reason was the overall decline in markets as traders moved to cash. That creates a buying opportunity, particularly as Microsoft continues to grow its market share in the cloud services space as well as in the gaming space. The company reports that Microsoft Teams has moved from 44 million users to 115 million… since March. It’s clear that the company has been a ...
Read More About This
Unusual Options Activity: BP (BP)
At least one trader is betting that oil giant
BP (BP) will head higher despite reporting its fifth-quarterly loss in a row on Tuesday. The trader bought the December 18th $15 call options, expiring in 51-days. The options are about $0.50 in-the-money and should move penny-for-penny higher with shares. The options saw over 10,700 contracts trade against a prior open interest of 432, a 25-fold rise in volume on the trade. The option buyer paid about $1.20 for the contract. With the option ...
Read More About This
BP (BP) will head higher despite reporting its fifth-quarterly loss in a row on Tuesday. The trader bought the December 18th $15 call options, expiring in 51-days. The options are about $0.50 in-the-money and should move penny-for-penny higher with shares. The options saw over 10,700 contracts trade against a prior open interest of 432, a 25-fold rise in volume on the trade. The option buyer paid about $1.20 for the contract. With the option ...
Read More About This
This Beverage Giant Is Restructuring for a Rally
One of the world’s biggest and best-known brands has been a laggard in today’s market. Now a lumbering behemoth,
Coca-Cola (KO) has lagged the market and peers in the beverage and defensive consumer sectors. However, the company has announced that it’s trimming its lineup of products. And with the company’s massive global reach, it’s possible that a reopening will be huge for the company’s operations. That’s the view at Barron’s, with the note that shares of Coca-Cola have traded basically sideways for ...
Read More About This
Coca-Cola (KO) has lagged the market and peers in the beverage and defensive consumer sectors. However, the company has announced that it’s trimming its lineup of products. And with the company’s massive global reach, it’s possible that a reopening will be huge for the company’s operations. That’s the view at Barron’s, with the note that shares of Coca-Cola have traded basically sideways for ...
Read More About This
Insider Trading Report: First American Financial (FAF)
Mark Oman, a director at specialty insurance company
First American Financial (FAF), recently bought 4,000 shares. The buy increased his holdings by nearly 12 percent and came to a total cost of just over $191,000. The purchase marks the first buy from company insiders in years. Insiders have typically been sellers over the past three years, mostly by C-suite executives and not directors. Shares of the company have slid 22 percent in the past year, in spite of a 14.5 percent rise ...
Read More About This
First American Financial (FAF), recently bought 4,000 shares. The buy increased his holdings by nearly 12 percent and came to a total cost of just over $191,000. The purchase marks the first buy from company insiders in years. Insiders have typically been sellers over the past three years, mostly by C-suite executives and not directors. Shares of the company have slid 22 percent in the past year, in spite of a 14.5 percent rise ...
Read More About This
One Pension Fund Is Bullish on this Best-of-Breed Fintech Company
PPGM, a Netherlands-based public pension fund, just reported its latest securities holdings to the SEC. The fund scaled back on some of its tech trades, and also started a position in a video game company.
The fund’s most interesting buy, however, came in the fintech space. The timing is especially interesting, as the sector has been seeing tremendous growth this year and embracing alternative currencies such as Bitcoin.
The fund’s buy?
PayPal (PYPL). That company made headlines last week when it announced ...
Read More About This
PayPal (PYPL). That company made headlines last week when it announced ...
Read More About This
Insider Trading Report: Cadence Bancorp (CADE)
Joseph Evans, a director at
Cadence Bancorp (CADE), recently added 4,000 shares. The buy came to just over $48,000, and increased his holdings by 0.9 percent. This follows up on multiple buys from directors back in September. Overall, insiders have been active buyers in shares this year, with only one small insider sell over the summer. In total, company insiders own 3.3 percent of outstanding shares. Like many bank stocks in general, shares are down over the past year. The regional bank, ...
Read More About This
Cadence Bancorp (CADE), recently added 4,000 shares. The buy came to just over $48,000, and increased his holdings by 0.9 percent. This follows up on multiple buys from directors back in September. Overall, insiders have been active buyers in shares this year, with only one small insider sell over the summer. In total, company insiders own 3.3 percent of outstanding shares. Like many bank stocks in general, shares are down over the past year. The regional bank, ...
Read More About This
Unusual Options Activity: Cisco (CSCO)
Shares of
Cisco (CSCO) have been trending down the past few weeks. One trader betting that shares still have another 14 percent to decline. That’s the logic behind the move in the November 20th $32.50 puts. Over 8,800 of the contracts traded against an open interest of 22, for a 40-fold rise in volume. The option expires in 24 days, and from the current share price near $37.50, would require a 15 percent drop in shares to move in-the-money Cisco next reports earnings ...
Read More About This
Cisco (CSCO) have been trending down the past few weeks. One trader betting that shares still have another 14 percent to decline. That’s the logic behind the move in the November 20th $32.50 puts. Over 8,800 of the contracts traded against an open interest of 22, for a 40-fold rise in volume. The option expires in 24 days, and from the current share price near $37.50, would require a 15 percent drop in shares to move in-the-money Cisco next reports earnings ...
Read More About This
Insider Trading Report: Del Taco Restaurants (TACO)
Ari Levy, a director at
Del Taco Restaurants (TACO), recently added 67,400 shares to his holdings. The buy came to just over $504,000. The director now owns over 3 million shares of the company. Insider data shows that company insiders have been massive buyers of shares in the past year, picking up nearly 500,000 shares in total. The last insider sale occurred in early 2019. All told, insiders own over 19 percent of shares. Like most fast-food names, the company’s shares ...
Read More About This
Del Taco Restaurants (TACO), recently added 67,400 shares to his holdings. The buy came to just over $504,000. The director now owns over 3 million shares of the company. Insider data shows that company insiders have been massive buyers of shares in the past year, picking up nearly 500,000 shares in total. The last insider sale occurred in early 2019. All told, insiders own over 19 percent of shares. Like most fast-food names, the company’s shares ...
Read More About This
