Keep Adding Big Tech Winners Amid This Bear Market
Markets have rapidly repriced in the growth prospects for a number of companies. While some of the most speculative names have taken the biggest dive, even great companies that have remained profitable while showing slow and steady growth are at a point where they’ve oversold.
For long-term investors, this marks the best point in years to buy growth at a respectable valuation. That’s especially true when it involves companies playing to strong growth trends now.
Investors looking forward can get great returns ...
Read More About This
Read More About This
Insider Trading Report: Fastenal (FAST)
Holden Lewis, CFO at
Fastenal (FAST), recently added 1,000 shares. The buy increased his stake by nearly 12 percent, and came to a total price of just under $50,000. He was joined by another EVP, who also picked up 1,000 shares on the same day for about the same price. This adds to further insider buys in recent months, from company executives and directors alike. Going back over the past three years, there has been a mix of insider buys and sells. Overall, ...
Read More About This
Fastenal (FAST), recently added 1,000 shares. The buy increased his stake by nearly 12 percent, and came to a total price of just under $50,000. He was joined by another EVP, who also picked up 1,000 shares on the same day for about the same price. This adds to further insider buys in recent months, from company executives and directors alike. Going back over the past three years, there has been a mix of insider buys and sells. Overall, ...
Read More About This
Unusual Options Activity: Carvana (CVNA)
Shares of vehicle resale platform
Carvana (CVNA) are down over 91 percent in the past year. One trader sees a rebound ahead for the stock in the next 18 months. That’s based on the January 2024 $60 calls. With 577 days until expiration, 10,283 contracts traded compared to a prior open interest of 130, for a 95-fold surge in volume on the trade. The buyer of the calls paid $5.70 to get into the trade. Shares recently traded around $24, so they ...
Read More About This
Carvana (CVNA) are down over 91 percent in the past year. One trader sees a rebound ahead for the stock in the next 18 months. That’s based on the January 2024 $60 calls. With 577 days until expiration, 10,283 contracts traded compared to a prior open interest of 130, for a 95-fold surge in volume on the trade. The buyer of the calls paid $5.70 to get into the trade. Shares recently traded around $24, so they ...
Read More About This
Short-Term Fears Are Creating the Best Value for Tech in Years
A bear market will take down most stocks, irrespective of how an individual company is performing. This creates a situation where investors can set themselves up to buy great companies at reasonable prices.
A great company can be an industry leader, or one that has some sort of competitive advantage or potential sources of growth. Whatever the reason, when markets recover, great companies tend to resume their long-term compounded growth over time.
Investors can buy nearly any big tech company at current ...
Read More About This
Read More About This
Insider Trading Report: NortonLifeLock (NLOK)
Peter Feld, a director at
NortonLifeLock (NLOK), recently picked up 2,500,000 shares. The buy increased his holdings by 15 percent, and came to a total price of $55.5 million. This marks the first insider buy at the cyber safety solution company since the summer of 2019. Otherwise, company insiders, including both C-suite executives and directors, have been sellers of shares, irrespective of how shares have traded over the past three years. Overall, company insiders own about 0.5 percent of the company. The stock ...
Read More About This
NortonLifeLock (NLOK), recently picked up 2,500,000 shares. The buy increased his holdings by 15 percent, and came to a total price of $55.5 million. This marks the first insider buy at the cyber safety solution company since the summer of 2019. Otherwise, company insiders, including both C-suite executives and directors, have been sellers of shares, irrespective of how shares have traded over the past three years. Overall, company insiders own about 0.5 percent of the company. The stock ...
Read More About This
Unusual Options Activity: Nvidia (NVDA)
Shares of graphics processing company
Nvidia (NVDA) have been knocked down heavily from their highs, and are now down year-over-year. One trader sees a further decline in the coming weeks. That’s based on the July 22 $155 puts. With 32 days until expiration, 16,161 contracts traded compared to an open interest of 213, for a 76-fold rise in volume on the trade. The buyer of the puts paid $11.60 to get into the trade. Shares last traded for about $156, so this ...
Read More About This
Nvidia (NVDA) have been knocked down heavily from their highs, and are now down year-over-year. One trader sees a further decline in the coming weeks. That’s based on the July 22 $155 puts. With 32 days until expiration, 16,161 contracts traded compared to an open interest of 213, for a 76-fold rise in volume on the trade. The buyer of the puts paid $11.60 to get into the trade. Shares last traded for about $156, so this ...
Read More About This
This Tech Trend Won’t Be on Hold Forever
A number of technologies are being developed, even with the economy teetering on the edge of a recession. Some that are under way already will likely develop a lead over competitors, who may have a tough time getting under way thanks to rising interest rates and a pullback in tech trends.
One of the biggest tech trends last year was the metaverse. A number of companies talked about developing the concept.
With the slowdown underway, companies that are already capable of generating ...
Read More About This
Read More About This
Insider Trading Report: Fiserv (FSV)
ValueAct Capital Master Fund, a major holder of
Fiserv (FSV), recently added 1,000,000 shares. The buy increased the fund’s holdings by 7.3 percent, and came to a total cost of just under $92 million. Over the past three years, insiders have generally been sellers of shares. That includes both directors and c-suite executives. Funds have tended to be large buyers of shares at the company. Overall, insiders own just over 12.1 percent of the company. Shares of the financial tech services company have ...
Read More About This
Fiserv (FSV), recently added 1,000,000 shares. The buy increased the fund’s holdings by 7.3 percent, and came to a total cost of just under $92 million. Over the past three years, insiders have generally been sellers of shares. That includes both directors and c-suite executives. Funds have tended to be large buyers of shares at the company. Overall, insiders own just over 12.1 percent of the company. Shares of the financial tech services company have ...
Read More About This
