Articles
Daily market commentary and analysis.
Unusual Options Activity: GoPro (GPR)
Traders are betting on a big move higher inGoPro (GPRO). The July 2021 $5 calls just saw over 2,500 contracts trade, a 24-fold surge in volume over the prior open interest of near 100 contracts.…
Sep 28, 2020
Insider Trading Report: Cigna Corp (CI)
Eric Palmer, the Chief Financial Officer atCigna (CI), recently picked up 1,000 shares. The buy cost just over $168,000, and leaves the CFO with over 26,800 shares, a 3 percent increase. As a large,…
Sep 25, 2020
Interest Rates May Stay Low, But Investors are Warming to the Big Banks
Bank stocks can either be a great investment or a terrible one, depending on the timing. With the economy struggling to recover, banks aren’t the most obvious candidate for a rally. Yet many…
Sep 25, 2020
Unusual Options Activity: Occidental Petroleum (OXY)
The energy sector continues to slide lower, and traders are betting that the trend will continue. A number of bearish trades have been made againstOccidental Petroleum (OXY). The most active was the…
Sep 25, 2020
Two Media Plays to Consider Now
Activist investors can often point to undervalued companies that need to make a few major changes in order to unlock tremendous value. That’s why the recent purchase by activist investor Nelson Peltz…
Sep 24, 2020
Insider Trading Report: Broadcom (AVGO)
Henry Samueli, a director atBroadcom (AVGO), recently picked up 101,740 shares. The buy increased his stake by about 1 percent but came to a whopping $36.7 million thanks to the company’s high share…
Sep 24, 2020
Unusual Options Activity: Snap Inc. (SNAP)
The November 2020 $27 calls onSnap Inc. (SNAP) saw an 88-fold jump in volume, with over 28,560 contracts trade hands from an open interest of 321. The option, expiring in 57 days, is a bet that…
Sep 24, 2020
Insider Trading Report: Weyerhaeuser Co. (WY)
Albert Monaco, a director at timberland owner and operatorWeyerhaeuser (WY), recently picked up 10,000 shares. The overall stake cost just over $291,000, and more than doubled the director’s stake.…
Sep 23, 2020
Unusual Options Activity: The Walt Disney Company (DIS)
The October $132 call options onThe Walt Disney Company (DIS) saw a massive surge in trade. Over 8,800 contracts traded hands on Tuesday. Compared to the open interest of 155 contracts, the activity…
Sep 23, 2020
Two Plays For a Renewed Interest in Cryptocurrency Mining
With the price of Bitcoin still hovering around $10,000, investors and traders alike are increasingly interested in the space. So are cryptocurrency miners, who are still able to eke out a modest…
Sep 23, 2020
Goldman Sachs Gets Bullish on Two Industrial Giants— Maybe You Should Too
On Monday, Goldman Sachs analysts came out in favor of two large-cap, industrial names to buy now, citing the time was right to buy. Those names?Boeing (BA) andRaytheon (RTX). On their face, both…
Sep 22, 2020
Insider Trading Report: Schlumberger (SLB)
Olivier Le Peuch, CEO atSchlumberger (SLB), recently added to his stake with a 25,000 share buy. That brings his total holdings by 15 percent to over 191,700 shares. The total purchase came to just…
Sep 22, 2020
Unusual Options Activity: Wynn Resorts (WYNN)
The March 2021 $80 call options onWynn Resorts (WYNN) saw a huge 51-fold surge in volume, with over 10,100 contracts trading hands on Monday against an open interest of just under 200 contracts. The…
Sep 22, 2020
Option Traders Go Bearish on Japanese Equities
As the market began to fade on Friday, there were a coupe of large option trades on the iShares MSCI Japan ETF (NYSEARCA: EWJ). Just as the ETF was testing its 2020 high, it appears that the options…
Sep 21, 2020
5 Stocks to Play the Rally in the Steel Producing Industry
You wouldn’t normally think of investing in steel producing companies in a recession, but these are unusual times. Last week, It was steel producing companies and metallurgical coal companies that…
Sep 21, 2020
Insiders of Zscaler Selling Shares as Company Scraps Profitability Goal
Zscaler Inc (NASDAQ: ZS) is a cloud security company that announced earnings on September 9 that comfortably beat analyst estimates but saw its share price decline on the announcement. As the price…
Sep 21, 2020
What to Do Now as the FANG Stocks Get a Downgrade
On Friday, Barclays Bank downgraded the FANG stocks and Microsoft (MSFT), to market weight. That’s a neutral rating overall, but given that the word “sell” is a dirty word on Wall Street, it’s a…
Sep 20, 2020
Unusual Options Activity: Snapchat (SNAP)
The November $21 put options onSnapchat (SNAP) saw a massive 165-fold surge in volume, with over 30,200 contracts trading hands on Friday. The bet, expiring in 60 days, is nearly 10 percent…
Sep 20, 2020
Insider Trading Report: Molson Coors Beverage (TAP)
Louis Vachon, a director atMolson Coors Beverage (TAP), recently added to his stake with a 3,000 share buy. That brings his total holdings to over 26,400 shares for a 13 percent increase. The total…
Sep 20, 2020
The Azek Company Closes Offering as Insiders Cash Out
The Azek Company (NYSE: AZEK) closed its share offering on Tuesday for 25 million shares and an additional 3.75 million shares exercised by underwriters. The price of the offering was at $33.25 a…
Sep 18, 2020