Articles
Daily market commentary and analysis.
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
Option Traders Looking for the S&P 500 to Break Support
As the market weakened Fed announcement on Wednesday, the options market on the SPDR S&P 500 ETF Trust (NYSEARCA: SPY) began to heat up on Thursday. The price of the SPY opened lower near the…
Sep 18, 2020
Here are Five Companies that Goldman is calling the ‘Future 5’
Do you remember the Nifty Fifty? These were the original “Blue Chip” buy and hold stocks in the 1960’s and 1970’s. That strategy worked until the late 1970’s and 1980’s. The FAANGs or FAAMGs are the…
Sep 18, 2020
Insiders Buying Public Storage for First Time in Three Years
In the current market climate where people are moving a lot, it makes sense that a storage company may see some opportunity. Public Storage (NYSE: PSA) is a real estate investment trust (REIT) that…
Sep 17, 2020
4 Pet Stocks to Own Even if You Don’t Have a Pet
One of the trends of the pandemic is the increase in pet ownership. Of course, when you get a pet you need to care for them. That means food, medical care, and various miscellaneous supplies. In this…
Sep 17, 2020
Micron Still Receiving Steady Stream of Unusual Option Activity
Yesterday, I posted on eight stocks that are considered “Rubber Band Trades.” Micron Technology, Inc (NASDAQ: MU) was one of these stocks in late August. Since that time, the company has received a…
Sep 17, 2020
Fiat Chrysler Surged on Revised Peugeot Deal as Large Option Trade Materializes
Fiat Chrysler Automobiles NV (NYSE: FCAU) announced a revision to the merger agreement with Peugeot SA. The agreement was a necessity for the company following the liquidity impact of COVID-19…
Sep 16, 2020
8 Rubber Band Stocks Ready to Snap
A rubber band stock is a company that has sold off quickly and is ready to snap back. This setup can be explosive because of extreme oversold nature of the price. This setup can be particularly…
Sep 16, 2020