Buy This Financial Market Winner Amid Market Pullbacks

With markets now decisively off their most recent highs, uncertainty is rising in markets. We don’t know how long or how deep a market pullback will go. Typically, in the absence of a major crisis, the pullbacks aren’t too bad. That can give investors an opportunity to buy great companies at more reasonable prices. With earnings season underway, investors can also buy a company after reporting a fresh update on their operations. One market winner here could be asset manager Blackstone (BX) ...
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Insider Activity Report: BRT Apartments (BRT)

Jeffrey Gould, President and CEO of BRT Apartments (BRT), recently bought 36,912 shares. The buy increased his stake by 1%, and came to a total cost of $625,469. This is Gould’s fifth buy so far in April 2024. Other buys have been for smaller amounts, from 12,200 shares to 24,598 shares. The last insider sale was for 1,250 shares by the company COO, who reduced his position by 2%. Overall, BRT Apartments insiders own 21% of shares. The owner and operator ...
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Unusual Options Activity: Diamond Offshore (DO)

Offshore oil drilling company Diamond Offshore (DO) is up 13% in the past year, as energy prices have stabilized and started to trend higher. One trader sees a potential pullback through the end of the year. That’s based on the January 2025 $10 puts. With 270 days until expiration, 2,954 contracts traded compared to a prior open interest of 104, for a 28-fold rise in volume on the trade. The buyer of the puts paid $0.75 to make the bearish bet. Diamond ...
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Use Market Pullbacks to Buy Quality at a Reasonable Price

After its 10th longest winning streak in history, the stock market has finally pulled back. The S&P 500 sank to the 50-day moving average, a sign that the uptrend may be over. However, the market often has small pullbacks of this nature. These pullbacks cause investors to unwind leveraged positions, take profits, and look for new buying opportunities. Pullbacks are healthy, and typically happen a few times per year. With the recent pullback occurring at the start of earnings season, there may ...
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Insider Activity Report: Postal Realty Trust (PSTL)

Andrew Spodek, CEO and director at Postal Realty Trust (PST), recently added 10,000 shares. The buy increased his stake by 1%, and came to a total cost of $137,500. Spodek was the last insider buyer with a 20,000 share buy last September, paying $267,460. And he made a further five buys earlier in 2023. The company’s CFO and Treasurer were also slight sellers of shares last month. Overall, Postal Realty Trust insiders own 5.6% of shares. The office REIT, which mostly ...
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Unusual Options Activity: Harley Davidson (HOG)

Motorcycle producer Harley Davidson (HOG) has been flat over the past year, gaining just 3% as the overall market is up 20%. One trader sees the stock trending higher in the coming weeks. That’s based on the May 17 $39 calls. With 27 days until expiration, 3,879 contracts traded compared to a prior open interest of 172, for a 23-fold rise in volume on the trade. The buyer of the calls paid $1.65 to make the bullish bet. Harley shares recently traded ...
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Buy the Earnings, Not the Uncertainty

Markets hate uncertainty. An increase in uncertainty is a nearly guaranteed way to ensure that a company’s shares decline. Big uncertainties about the economy or geopolitical events can rattle the markets. The reverse is also true. Investors pay up for certainty. That’s a premium that investors can avoid by buying great companies when they’re still contending with uncertainty. One way to avoid uncertainty is to look at facts of a company that are certain, starting with its earnings. In particular, the trend ...
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Insider Activity Report: Walgreens Boots Alliance (WBA)

Inderpal Bhandari, a director at Walgreens Boots Alliance (WBA), recently added 3,000 shares. The buy is a new stake for the director, and came to a total cost of $54,150. The buy comes a few weeks after the company’s Global CFO picked up 6,000 shares for $116,280. Going further back, company insiders have generally been more likely to be buyers than sellers. A few sales have come following the exercise of stock options. Overall, Walgreens insiders own 17.4% of shares. The drugstore ...
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