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Daily market commentary and analysis.
The Best Stock Strategy for “Higher For Longer”
Interest rates are likely to stay at their current level through the summer. That’s based on the latest economic data, showing inflation remains stubbornly high. That means investors looking for the…
Apr 11, 2024
Insider Activity Report: Riley Exploration Permian (REPX)
Alvin Libin, a major holder ofRiley Exploration Permian (REPX), recently added 75,000 shares. The buy increased his holdings by 4%, and came to a total cost of $2,025,000. Libin was the last buyer…
Apr 11, 2024
Unusual Options Activity: Freeport-McMoRan (FCX)
Copper producerFreeport-McMoRan (FCX) just hit a new 52-week high and is up nearly 22% over the past year. One trader sees further upside ahead for shares in the coming weeks. That’s based on the…
Apr 11, 2024
The Ultimate Reshoring Stock Could Be Ready for Its Next Swing Higher
The past few weeks have seen a market slowdown. Investors aren’t ready to throw in the towel on stocks right now, especially if interest rates may be on track to trend lower later in the year. That…
Apr 10, 2024
Insider Activity Report: Eagle Bulk Shipping (EGLE)
Castor Maritime, a major owner ofEagle Bulk Shipping (EGLE), recently added 169,635 shares. The buy increased the company’s stake by 12%, and came to a total cost of $10.65 million. This is the first…
Apr 10, 2024
Unusual Options Activity: Magnachip Semiconductor Corporation (MX)
Korean semiconductor manufacturerMagnachip Semiconductor Corporation (MX) has slid 42% in the past year, far underperforming the chip space. One trader sees further downside for shares in the next…
Apr 10, 2024
Use Earnings Misses to Buy Stocks Playing to Strong Trends
Earnings season is starting up again, but some companies took a hit and still haven’t recovered. While the market’s rally has slowed recently, the long-term trend is higher. One simple strategy to…
Apr 9, 2024
Insider Activity Report: Flowers Foods (FLO)
Edward Casey, a director atFlowers Foods (FLO), recently bought 5,000 shares. The buy increased his holdings by 33%, and came to a total cost of $117,750. This marks the first insider buy since…
Apr 9, 2024
Unusual Option Activity: Nike (NKE)
Sports apparel manufacturerNike (NKE) is down over 25% in the past year, amid a slowdown in earnings. One trader sees shares trending higher in the coming weeks. That’s based on the May 3 $90 calls.…
Apr 9, 2024
This Unloved Part of the Market Is Delivering Strong Earnings Now
While the overall market may be trending higher or lower, individual sectors can sometimes buck that trend. The current bull market has had a few sectors remain out of favor. One of those has been in…
Apr 8, 2024
Insider Activity Report: Dollar Tree (DLTR)
Jeffrey Davis, CFO ofDollar Tree (DLTR), recently bought 1,800 shares. The buy increased his position by 10%, and came to a total cost of $244,794. This buy follows up on a director buy in March for…
Apr 8, 2024
Unusual Option Activity: General Electric (GE)
Industrial conglomerateGeneral Electric (GE) has been on a tear, with shares doubling over the past year. One trader sees further gains ahead. That’s based on the June $160 calls. With 74 days until…
Apr 8, 2024
This Trend Points to Massive Earnings Power – Just Not Right Away
The stock market’s AI boom that kicked off last year still continues, although other market sectors are now trending higher as well. Investors in the AI space may be taking a much-needed breather.…
Apr 5, 2024
Insider Activity Report: Walgreens Boots Alliance (WBA)
Manmohan Mahajan, CFO ofWalgreens Boots Alliance (WBA), recently bought 6,000 shares. The buy increased his position by 4%, and came to a total cost of $116,280. This is the third insider buy of the…
Apr 5, 2024
Unusual Options Activity: NextGen Energy (NXE)
Uranium explorer and producerNextGen Energy (NXE) is up over 130% in the past year thanks to strong demand for the energy source. One trader sees further gains in the next five months. That’s based…
Apr 5, 2024
This Company Can Benefit from Today’s Surprisingly Strong Labor Market
The labor market remains strong. Unemployment is under 4%, and has only ticked up slightly in the past year, even as interest rates have soared. Companies continue to hire. Even big tech companies…
Apr 4, 2024
Insider Activity Report: Comstock Resources (CRK)
Blue Star Exploration Corp, a major holder ofComstock Resources (CRK), recently bought 12,500,000 shares. The buy increased the fund’s position by 7%, and came to a total cost of $100,450,000. This…
Apr 4, 2024
Unusual Options Activity: UiPath (PATH)
Automation software companyUiPath (PATH) is up about in-line with the overall stock market in the last year. One trader sees a pullback ahead for shares. That’s based on the August $15 put options.…
Apr 4, 2024
Buy This Undervalued Brand Finally Trending Higher Now
Many individual stocks are still recovering from the 2022 bear market. Not every company has benefitted from the recent rally, which was initially fueled on the AI boom. But now with the market…
Apr 3, 2024
Insider Activity Report: CME Group (CME)
William Shepard, a director atCME Group (CME), recently bought 294 shares. The buy increased his stake by about 1%, and came to a total cost of $63,231. This is Shepard’s second buy of the year,…
Apr 3, 2024