Articles
Daily market commentary and analysis.
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
Insider Trading Report: Precigen (PGEN)
Ares Trading, already a major holder inPrecigen (PGEN), recently added another $25 million investment. At that price, the company was able to pick up 6,758,400 shares. That’s a 32 percent increase to…
Oct 15, 2020
This EV Stock Can Double (No, It’s Not Tesla)
J.P. Morgan just updated an electric vehicle company. Not only that, but the investment bank gave a price target more than double where shares were trading at the time. That’s a bullish call, and a…
Oct 15, 2020
DRAM Price Trends Make this Tech Laggard A Buy Now
Deutsche Bank sees improving trends for DRAM memory. That’s one sector of the tech space that has been held back lately. The push for cloud services has reduced demand for mobile device memory chips,…
Oct 14, 2020
Insider Trading Report: Selecta Biosciences (SELB)
Timothy Springer, a director and major owner atSelecta Biosciences (SELB), recently bought 3,185,394 shares of the company. That trade came to over $5.4 million. The buy increased his total holdings…
Oct 14, 2020
Unusual Options Activity: Carnival Cruise Lines (CCL)
Over 1,950 contracts traded on the November 27th $25 calls onCarnival Cruise (CCL). The prior open interest on the trade was 137 contracts, showing a 14-fold rise in volume. The trade, expiring in 44…
Oct 14, 2020
Top-Line Growth Makes this Consumer Brand a Buy
Citigroup recently upgraded one major consumer goods play following a strong earnings beat. Thanks to stay-at-home trends, this company has fared relatively well, even better than peers. That’s led…
Oct 13, 2020
Insider Trading Report: Medtronic PLC (MDT)
Richard Anderson, a director atMedtronic PLC (MDT), recently added 4,607 shares. The buy came to a total purchase price of nearly $51,000, and increased the director’s stake by 4.4 percent. This is…
Oct 13, 2020