It’s Starting to Look Bright for This Out of Favor Sector
Despite a strong market rally in the past year, some sectors haven’t performed well at all. Many have even continued trending lower, even after taking a hit in 2022. Most of the market’s return has been dominated by big-cap tech stocks. But with the market starting to rotate and non-big-cap tech stocks are taking the lead, they may be a big winner in the months ahead. That includes solar energy companies, which have substantially lagged markets in 2023. In the space, a ...
Read More About This
Read More About This
Insider Activity Report: Chewy (CHWY)
James Star, a director at Chewy (CHWY), recently bought 15,353 shares. The buy increased his stake by 3 percent, and came to a total cost just under $300,992. This is the first insider buy at the company since last June, when Star made two large buys totaling nearly $10 million. Otherwise, company insiders have been regular sellers of shares over the past year, including the CFO and CEO. Overall, Chewy insiders own 1.9 percent of shares. The online pet store’s shares have ...
Read More About This
Read More About This
Unusual Options Activity: Marathon Digital Holdings (MARA)
Cryptocurrency mining company Marathon Digital Holdings (MARA) is having a strong year, with shares up 360 percent. One trader is betting on a move higher in the coming weeks. That’s based on the January 12 $14 calls. With 24 days until expiration, 4,039 contracts traded compared to a prior open interest of 153, for a 26-fold rise in volume on the options trade. The buyer of the calls paid $4.80 to make the bullish bet. Marathon shares recently traded just over $18, ...
Read More About This
Read More About This
Invest With Stocks the Market Loves That Still Go for a Reasonable Price
Buying a great company sounds easy in theory. But over time, a company’s fortunes can ebb and flow. That also leads to big changes in valuations. Investors who target an up-and-coming company that still trades like a value stock can potentially see great returns. That’s especially true for a company that can tap into one of today’s many high-growth trends. Combining high growth with a reasonable value is a recipe for finding great stocks to buy and hold. One up-and-coming player in ...
Read More About This
Read More About This
Insider Activity Report: J.M. Smucker (SJM)
Tarang Amin, a director at J.M. Smucker (SJM), recently bought 1,000 shares. The buy is an initial stake for the director, who paid about $125,000 for the stock. This marks the first insider buy at the company over the past two years. Otherwise, company insiders have been regular sellers of shares. That includes traditional stock sales as well as sales following the exercise of stock options. Overall, Smucker insiders own 3.5 percent of shares. The packaged food conglomerate is down about 18 ...
Read More About This
Read More About This
Unusual Options Activity: Valley National Bancorp (VLY)
Regional bank Valley National Bancorp (VLY) is near 52-week highs and nearly double off its lows from the spring. One trader sees the bank moving even higher in the coming months. That’s based on the March 2024 $12 calls. With 88 days until expiration, 7,589 contracts traded compared to a prior open interest of 149, for a 51-fold rise in volume on the trade. The buyer of the calls paid $0.50 to make the bullish bet. Shares last traded just over $11, ...
Read More About This
Read More About This
This Overlooked Company Is Soaring, and Will Likely Continue Higher
Money follows eyeballs. That’s been true since the age of the newspaper. In the digital age, applications and platforms that can get users to spend time will attract advertisers and find ways to profit. Of course, tastes can change over time. And what looks like a poor investment opportunity may change into a great one as rising users and more eyeballs on a tech platform create an opportunity. One surprising winner could be Roblox (RBLX). Best known as a gaming platform designed ...
Read More About This
Read More About This
Insider Activity Report: Ford Motor Company (F)
Douglas Field, chief EV design officer at Ford Motor Company (F), recently bought 182,000 shares. The buy increased his stake by 34 percent, and came to a cost of $2.01 million. This marks the first insider buy since March, when the company’s Executive Chairman spent $4.5 million to buy 267,697 shares. In the past few months, a few company officers have been sellers of shares following the exercise of stock options. Overall, Ford insiders own 0.2 percent of shares. The automaker has ...
Read More About This
Read More About This