Buy the Overreaction In this Streaming Giant

Streaming stocks have gone in and out of favor with the market over the past few years. Today, Wall Street analysts have conditioned investors to focus on metrics like total subscriber count. The past year has seen the major streaming platforms find ways to crack down on password sharing. And that’s created more account users. However, that’s not always the best way to maximize earnings. Despite beating on subscriber count and earnings, Netflix (NFLX) saw shares drop off. Part of the reason ...
Read More
|

Insider Activity Report: Fastenal (FAST)

Daniel Johnson, a director at Fastenal (FAST), recently added 3,550 shares. The buy increased his stake by 46% and came to a total cost of $229,056. This is the first insider buy at the company since last July, when another director bought 500 shares for just under $29,000. Insiders were bigger buyers in late 2022, when the company CEO, CFO and a number of directors made multiple purchases of shares. Overall, Fastenal insiders own 0.2% of shares. The manufacturer and seller ...
Read More
|

Unusual Options Activity: Taiwan Semiconductor (TSM)

Semiconductor manufacturer Taiwan Semiconductor (TSM) is up over 50% in the past year, even after shares have pulled back in recent days. One trader sees a further drop ahead in the coming weeks. That’s based on the May 24 $133 puts. With 31 days until expiration, 4,724 contracts traded compared to a prior open interest of 106, for a 45-fold rise in volume on the trade. The buyer of the puts paid $7.90 to make the bearish bet. Taiwan Semiconductor shares recently ...
Read More
|

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) ...
Read More
|

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 ...
Read More
|

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 ...
Read More
|

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 ...
Read More
|

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 ...
Read More
|