Articles
Daily market commentary and analysis.
Big Tech Still has Room to Run: Consider this Monopoly Play
Large companies in the technology space are facing increased regulatory scrutiny. Lawmakers of all political stripes are concerned with the abilities of big tech companies in nearly all facets of…
Oct 26, 2020
Insider Trading Report: Fastenal (FAST)
Hsenghung Hsu, a director atFastenal (FAST), recently started a stake at the company with a 2,000 share buy. The buy came to just over $88,000. This follows on a 550 share buy from another director…
Oct 23, 2020
Unusual Options Activity: Occidental Petroleum (OXY)
At least one trader sees some big downside ahead forOccidental Petroleum (OXY). That’s based on the 23,860 contracts traded on the February 2021 $8 put. With shares around $9.80, that implies a 19…
Oct 23, 2020
Mid-Cap Value Might About to Shine
The stock market has been increasingly driven by mega-cap corporations in recent years. Those companies have offered huge growth, but have also been largely in the tech space. That’s left a lot of…
Oct 23, 2020
Big Banks Are Buying into Fintech — Consider this Top Play Instead
One of the biggest trends in the past few years has been in the payment space. A number of companies are offering alternative ways to clear payments that bypass the existing credit card system or the…
Oct 22, 2020
Insider Trading Report: Tiptree (TIPT)
Michael Barns, Executive Chairman and a major holder atTiptree (TIPT), recently added 6,104 shares to his holdings. The buy came to just under $32,000. He followed up with a buy on Tuesday of 4,954…
Oct 22, 2020
Unusual Options Activity: Sibanye Stillwater Limited (SBSW)
Although shares ofSibanye Stillwater (SBSW) are at a 52-week high, one trader sees shares moving even higher. The April 2021 $15 calls on the company saw a 20-fold rise in volume. Over 2,580…
Oct 22, 2020
Unusual Options Activity: UBS Group AG (UBS)
Shares of Swiss bankUBS Group AG (UBS) had a decent day on Tuesday, as the bank reported its strongest third-quarter earnings in a decade. Traders see more upside ahead. That’s shown by the 16-fold…
Oct 21, 2020
This Corner of the Entertainment Sector Gets an Upgrade
There’s an entertainment sector that was bigger than the movie box office before the pandemic. That industry? Video games. Over the years, the space has grown to include a number of publishers and…
Oct 21, 2020
Insider Trading Report: Carnival Corp (CCL)
Richard Glasier, a director atCarnival Corp (CCL), recently picked up 10,000 shares. The purchase came to just over $140,000, and increased the director’s stake by 23 percent. This marks the second…
Oct 21, 2020
Insider Trading Report: Citigroup (C)
Lew Jacobs, a director atCitigroup (C), recently added 10,000 shares. The buy came to just over $440,000, and increased the director’s stake by 77 percent. He now owns over 22,900 shares. The trade…
Oct 20, 2020
One Contrarian Fund Bets Big on This Bank
Banks are an out of favor part of the market right now. With interest rates back at zero, the profits from lending are lower as well. And while some big banks have reported solid earnings thanks to…
Oct 20, 2020
Unusual Options Activity: Nvidia (NVDA)
One of the top-performing stocks of the past year, at least one trader sees a drop ahead forNvidia (NVDA). That’s evidenced by the January 2022 $450 puts. Over 1,060 contracts traded hands, a 6-fold…
Oct 20, 2020
Insider Trading Report: Oncorus (ONCR)
Luke Evnin, a director atOncorus (ONCR), recently added 151,225 shares to his holdings. The value came to over $2.2 million. But he’s hardly alone. A number of funds with substantial holdings have…
Oct 19, 2020
Retail’s Rebound Will Likely Benefit the Big Box Plays
With retail numbers beating expectations on Friday, a number of analysts were quick to upgrade the sector. The retail analyst at Cowen & Co., however, sees that many retailers have already been…
Oct 19, 2020
Unusual Options Activity: General Electric (GE)
Over 5,300 contracts traded on a January 2023 $4 call option onGeneral Electric (GE). That’s a 19-fold rise in volume against the prior open interest of just 285 contracts. The option, expiring in…
Oct 19, 2020
The Case for Big Tech to Surge Even Higher
Some of the top-performing stocks of the past year have a lot in common. Many are known as “big tech” names due to their size. And they’ve performed well thanks to the fact that they’re been…
Oct 16, 2020
Unusual Options Activity: Wells Fargo (WFC)
Over 2,000 contracts traded on January 2023 $30 puts onWells Fargo (WFC). That’s a 16-fold increase in interest given the prior 122 open contracts in the trade. The puts, which are about $7…
Oct 16, 2020
Insider Trading Report: Loop Industries Inc (LOOP)
Daniel Solomita, President and CEO ofLoop Industries (LOOP), recently bought 10,000 shares. The buy increased his stake by 5 percent, and came to a cost of just over $73,000. He was joined by the…
Oct 16, 2020
Unusual Options Activity: Social Capital Hedosophia Holdings Corp II (IPOB)
Over 3,200 contracts traded on the February 2021 $30 calls onSocial Capital Hedosophia Holdings Corp (IPOB). That’s a 28-fold increase in volume from the prior number of open contracts near 117. With…
Oct 15, 2020