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Multiple Insider Buys as Company Issues Preferred Stock Offering: WesBanco Inc Stock (NASDAQ: WSBC)

Multiple Insider Buys as Company Issues Preferred Stock Offering: WesBanco Inc Stock (NASDAQ: WSBC)

Eight different insiders stepped up to buy shares of WesBanco Inc (NASDAQ: WSBC) preferred offering that was issued on August 4. For the Wheeling, WV bank, it’s an indication of positive expectations for the bank as it attempts to find a bottom and work it’s way higher. In a week where interest has picked up for banking stocks, it makes the timing of the issuance and purchases interest for those looking for long opportunities. When the company reported earnings on July 22, they missed analyst estimates with non-GAAP EPS if $0.07 compared to the estimated $0.35. The company had previousl...
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3 Restaurant Stocks for ‘Foodie’ Investors

3 Restaurant Stocks for ‘Foodie’ Investors

1 2 There probably hasn’t been a more impacted industry than restaurants since all of the COVID-19 closures were sent down by executive orders in almost every community in the world. The Yelp data doesn’t look pretty, but the opportunity to escape this crisis with increased market share a profitability is intriguing as an investor. The only problem is which companies are going to make it and which represent the best investment opportunity. Here are four stocks to consider if you’re becoming a “foodie” investor. If you clicked on this post, you probably know what a “foodie” is, but jus...
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7 Best Blue Chip Stocks to Buy Right Now 2020

7 Best Blue Chip Stocks to Buy Right Now 2020

best bluechip stocks
Far from the world of small cap penny stocks are the big, safe names in the investing universe. Dubbed the blue chips, these companies tend to be industry leaders with the size and scale to continue delivering reasonable rewards for shareholders from modest growth and dividends.  The top blue chip stocks of Wall Street may not sound as exciting as smaller plays, but as part of your portfolio, they can provide steady returns. While they may not have the high return of the growth stocks on the Nasdaq, and more likely dominate the Dow Jones Industrial Average, bought at the right time, thes...
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Large Option Spread Placed on Gold ETF: VanEck Vectors Junior Gold Miners ETF (NYSEARCA: GDXJ)

Large Option Spread Placed on Gold ETF: VanEck Vectors Junior Gold Miners ETF (NYSEARCA: GDXJ)

If you though the bullish run in gold prices was over, the indications from the options market is arguing that you’re wrong. On Wednesday, a large option spread trade was made on the VanEck Vectors Junior Gold Miners ETF (NYSEARCA: GDXJ) that is indicating significantly more upside in the coming months. You might be wondering what a “junior’ gold miner is. These are typically small companies that is more focused on finding gold reserves and may have higher initial costs with starting production. However, there is also significant opportunity with new finds and ramping up less cost-effec...
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Is this Stock About to Lose Its Course: Charter Communications Inc Stock (NASDAQ: CHTR)

Is this Stock About to Lose Its Course: Charter Communications Inc Stock (NASDAQ: CHTR)

Charter Communications Inc Stock (NASDAQ: CHTR) announced earnings on July 31 and blew away analyst estimates. If you’re an insider and were of the mind that the trend would continue, would you buy, sell or hold shares in the company you help run? In the case of Charter, the insiders have stepped up the selling activity. While this doesn’t mean the stock is going crater, it raises questions about the ability of the share price to hold its current level. In the press release from the company announcing its earnings, the CEO and Chairman Tom Rutledge was quoted saying: "Our ability...
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4 Stocks with Significant Option Activity and Moving on Stimulus Hopes

4 Stocks with Significant Option Activity and Moving on Stimulus Hopes

1 2 Following Wednesday’s ADP Non-Farm Employment report showing only 167,000 jobs added the against 1.2 million jobs estimate, the pressure is on for Washington to pass a stimulus bill. With the official jobs report coming out on Friday, the potential for a miss appears high and the only thing that may temper a negative report is a bill. There were several financial-oriented stocks that were moving on Wednesday with unusual option activity, which may be indicating an expectation that something will get done. After the House passed a bill at the beginning of July, the Senate has been ...
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Option Traders Smiling Ahead of Earnings: SmileDirectClub Inc Stock (NASDAQ: SDC)

Option Traders Smiling Ahead of Earnings: SmileDirectClub Inc Stock (NASDAQ: SDC)

SmileDirectClub Inc (NASDAQ: SDC) has an upcoming earnings announcement on August 12 after the market close. While analysts are providing their projections for what the company will take home in earnings or revenue, option traders and trying to figure out how much the price will move. The expected movement is based on the pricing determined by the market of options traders buying and selling options. On Tuesday, it was the option bulls that stepped up to the plate to speculate on the outcome from the report. As you look at the 14 AUG 20 expiration, the current implied volatility is 139%...
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Investment Firm Closes Out Position in Timely Fashion: Iqvia Holdings Inc Stock (NYSE: IQV)

Investment Firm Closes Out Position in Timely Fashion: Iqvia Holdings Inc Stock (NYSE: IQV)

Iqvia Holdings Inc (NYSE: IQV) is a healthcare diagnostics and research company that recently announced a collaboration with AstaZeneca Plc to help speed up clinical studies potential COVID-19 vaccine as part of the U.S. government’s Operation Warp Speed. One surface that sounds like good news and the price has performed well, however, one of the largest investors in the company just closed out their stake and history suggest they know when to sell. The collaboration is significant as AstaZeneca is one of the drug makers that is furthest along in the process of developing a vaccine. Iqv...
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5 Penny Stocks Outperforming in Multiple Timeframes

5 Penny Stocks Outperforming in Multiple Timeframes

1 2 A penny stock is generally considered a company whose share price is less than $5. Frequently, but not always, they are small- to micro-cap companies that trade over the counter (OTC). These are companies whose share price may preclude some classes of investors from holding them, which contributes to increased volatility and potential opportunity. The following six non-OTC companies have outperformed the S&P 500 in the past week and month, but also have some modicum of fundamental strength. As a fundamental investor, the general strategy is to buy companies at a discount. When...
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7 Best Biotech Stocks to Watch for the Back Half of 2020

7 Best Biotech Stocks to Watch for the Back Half of 2020

best biotech stocks to watch
The biotech space is hot right now. And it’s likely to continue that way for some time. This is a rich space where investors can find market-beating potential far beyond the more traditional names that tend to dominate Wall Street. The best biotechnology stocks come in a variety of shapes and sizes. Some may focus on treating an individual disease; some may have many. Some are penny stock startup companies; others are dividend stocks. Most trade on the Nasdaq, but a few are considered blue chips and trade on the NYSE. Many are owned by institutional investors, but some of the top performers...
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