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Are Option Bears Readying a Pullback in Technology: Technology Select Sector SPDR Fund (NYSEARCA: XLK)

Are Option Bears Readying a Pullback in Technology: Technology Select Sector SPDR Fund (NYSEARCA: XLK)

As the S&P 500 finished higher on Friday to end the week, it was the Technology sector that seemed to lose its way. While the sector finished in the middle of the pack for the week in terms of performance, it was the laggard on Friday with nearly a 1.5% decline. The only other sector to finish lower was Communications. The Technology Select Sector SPDR Fund (NYSEARCA: XLK)  is an ETF that tracks the sector and it saw some large bearish activity emerge as the price began to fall. Last week saw the Industrial Sector lead the all S&P 500 sectors with a 4.74% gain. That was followed...
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Jeff Bezos Selling for First Time In 6 Months: Amazon.com, Inc Stock (NASDAQ: AMZN)

Jeff Bezos Selling for First Time In 6 Months: Amazon.com, Inc Stock (NASDAQ: AMZN)

It’s been six months since Amazon.com, Inc (NASDAQ: AMZN) Chairman, President and CEO Jeff Bezos has sold shares. As Amazon is struggling with the high altitude of its price, he’s selling again. While the number of shares isn’t significant in terms of his holdings, it is an indication that the price may be vulnerable here as the economy is continues mired in a recession. Since the March low near $1620, Amazon’s share price has over doubled from that level. When you think about the state the economy is in, it makes you wonder how it could be at that level when S&P 500 earnings are do...
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8 ETFs to Watch this Week for Big Moves

8 ETFs to Watch this Week for Big Moves

1 2 An ETF is a conglomeration of companies that are typically organized by market cap, index, or industry. The idea is to group similar companies together that allows investors some opportunity to diversify based on a particular investment preference. Here’s a list of ETFs that are more focused and invest in areas that are may see big moves in the next week or two. The trouble with many style ETFs is that they are dominated by the same handful of stocks that everyone can name.  Many investors unwittingly invest in them anticipating some degree of diversification but find themselves c...
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How Did Warren Buffett Get Rich?

How Did Warren Buffett Get Rich?

how did warren buffett get rich
At one point the world’s wealthiest, billionaire Warren Buffett is still one of the richest today with an estimated net worth over $73 billion dollars. That’s a lot of money! While best known today as the CEO and investment manager at the conglomerate Berkshire Hathaway (BRK-A), the legendary investor’s real secret to getting rich comes from early career after a brief stint on Wall Street. Of course, he wasn’t born destitute. He grew up in Omaha, Nebraska, where he learned about stocks from his stockbroker father, and bought his first shares of stock at age 12. Later, his father Howard w...
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Option Bulls Catching a Ride Ahead of Earnings: LYFT Inc Stock (NASDAQ: LYFT)

Option Bulls Catching a Ride Ahead of Earnings: LYFT Inc Stock (NASDAQ: LYFT)

After the market close on Thursday, it was up to Uber Technologies Inc (NYSE: UBER) to give a hint at the state of rideshare companies following the advent of COVID-19. While the company was down afterhours, the results beat expectations. With LYFT Inc (NASDAQ: LYFT) set to announce next week, option bulls have been building their positions for most of the week and are looking for a positive result next week. For Uber, analysts were expecting an $0.86 loss, which the company ended up missing with a wider loss of $1.02. The company’s revenue beat analyst expectations with $2.18 billion, ...
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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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