Trading Tips Blog

In spite of a recession in 2020, consumer spending has held up well… at least in grocery stores and other essential retailers. That’s been borne out by the market-beating returns in many big-box stores, as specialty retailers like clothing companies have been hard-hit. That’s a trend likely to continue, and a few companies are working to perform even better going forward. That’s the view of BMO, where the portfolio manager of the company’s Low Volatility Equity Fund sees many big consumer-facing ...
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Over 4,100 contracts traded on May 2021 $16 calls on
American Airlines (AAL). That’s a 40-fold rise in volume from the prior open interest near 100 contracts. The bet, expiring in 224 days, would require shares to rally to $16 from their current price near $13.50. That’s about an 18.5 percent return. The trader paid about $2.70 for the contracts on average. This bet comes as the airline industry struggles to reach passenger traffic one-third the level of this time a year ago ...
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Dan Hill, a director at
NuStar Energy (NS), recently picked up an even 5,000 shares. Paying about $10 per share, the buy came to $50,000. It increased his total holdings to 59,214 shares. This is the first insider buy in six months. Insider buying for 2020 shows a number of insider buys, at prices anywhere from $6 at the March lows to $12. The buys include directors and C-suite executives. Shares have traded between $5 and $30 in the past year at ...
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Harold Hamm, executive chairman at
Continental Resources (CLR) recently added 769,235 shares to his holdings. The buy increased his stake to over 296 million shares, and came at a cost of just over $9.7 million. Hamm has been a repeat buyer throughout the year, as have a number of directors and C-level executives earlier in the year. Insiders have bought in a range anywhere from $8 to $16 per share. With shares currently under $13, the price is in the middle of ...
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With a 33-fold rise in volume on the October 30th $50 calls, one trader is betting on a big move higher in
Las Vegas Sands (LVS) this month. With 22 days until expiration, the call would require shares to rally about 10 percent for the trade to move in-the-money. The option buyer paid about $1.26 on average for the option, so shares would need to rally quickly and strongly to offset the declining time premium on the contract. Gaming companies have seen significantly ...
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Gold has been a top-performing asset in 2020, far outpacing stocks. On average, gold mining companies have done even better as well. While the metal has pulled back a bit after topping $2,000 earlier this year, it still appears poised for further gains. That’s likely true ahead of the election as well. That’s the reasoning by the gold analyst at MBMG Group. The metal will likely rally on inflationary fears as further stimulus programs are unleashed on the economy. And election ...
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Even with the economic struggles this year, the holiday season is rapidly approaching. And with the rise of e-commerce trends, chances are a few companies stand to substantially benefit from the trend. Retailers are already responding to the season by hiring seasonal workers, many of whom will work in fulfillment centers rather than in brick and mortar stores. The biggest winners? The shipping companies, who expect to see volumes rise by 1 to 1.5 percent this year. The two biggest shipping companies,
United ...
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Rainer Gawlick, a director at
Progress Software Corp (PRGS), recently picked up 1,000 shares of the company. That increased his share count by 3 percent. The buy came to just over $32,000. That makes him the third insider to buy this month, following a CEO buy of 2,700 shares, costing just over $101,000. The company CFO also bought shares on October 1st, picking up 2,622 shares and paying just under $99,000. Insiders at the company were net sellers earlier in the year ...
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