14980

Follow this Stock’s Trend, Not Its Current News

Some companies are starting to struggle right now amid the costs of rising interest rates. Other companies are faring much better, as there are strong long-term trends behind them that can help them move forward in time. Even though some companies are warning on short-term pain, those who see big potential moves ahead could still deliver great returns for patient investors amid this latest market selloff. For instance, chipmaker Micron (MU) is reporting that business is in a slump. And that ...
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14982

Insider Activity Report: Hyatt Hotels Corp (H)

Richard Tuttle, a director at Hyatt Hotels Corp (H), recently bought 1,250 shares. The buy increased his holdings by 4 percent, and came to a total cost of $130,615. This marks the first insider buy at the company since December 2021. A number of company directors and executives have been periodic sellers of shares over the past two years, with about half of those trades coming from the exercise of stock options. Overall, company insiders own about 2.2 percent of shares. The ...
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14984

Unusual Options Activity: American Tower Corporation (AMT)

Shares of cell tower REIT American Tower Corporation (AMT) hit a 52-week low on Wednesday. One trader is betting on a rebound in the weeks ahead. That’s based on the October 20 $165 calls. With 21 days until expiration, 7,796 contracts traded compared to a prior open interest of 141, for a 55-fold rise in volume on the trade. The buyer of the calls paid $2.60 to make the bullish bet. Shares recently traded for about $160, so shares would need to ...
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14972

In Rough Markets, Look for Winning Trends

The market’s selloff in the past week has been extreme in its speed and severity. But investors in some sectors have been hit harder than others. Knowing where to look for winning long-term trends can lead to better performance during a market selloff. It may not always mean making a profit, but it could mean losing less. And over time, as stocks trend back higher, it could mean outperforming the market. Before the recent selloff, sports gambling stocks were riding high. They’ve ...
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14975

Insider Activity Report: Howard Hughes Holdings (HHH)

Pershing Square Capital Management, a major holder with a director’s seat at Howard Hughes Holdings (HHH), recently added to its position with a 80,391 share buy. The total cost came to just under $5.97 million. This buy follows up on two other buys made by the fund in August, totaling just under 20,000 shares. Otherwise, there has been one insider sale, from a division president last month for about $150,000 of shares. In total, company insiders own less than 1 percent of ...
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14977

Unusual Options Activity: American Airlines (AAL)

Shares of American Airlines (AAL) have recently slumped to a six-month low, having lost nearly one-third of their value since July. One trader is betting on a further decline in the weeks ahead. That’s based on the October 27 $11.50 puts. With 29 days until expiration, 20,041 contracts traded compared to a prior open interest of 728, for a 28-fold rise in volume on the trade. The buyer of the puts paid $0.24 to make the bearish bet. Shares recently dropped ...
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14965

Buy the Sector That’s Quietly Rallying Now

The past few weeks have seen investors sour on technology stocks. However, it’s normal in any market for a sector that’s been the runaway winner to take a breather. When that happens, other sectors tend to shine. With some fear in the markets, defensive areas such as utilities and consumer goods have been holding up. But one sector is also performing well that looks bullish for the economy next year. That is the commodity space. The headline winner has been oil prices, ...
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14967

Insider Activity Report: Agree Realty Corporation (ADC)

John Rakolta, a director at Agree Realty Corporation (ADC), recently bought 30,000 shares. The buy increased his holdings by 9 percent, and came to a total cost of $1.72 million. Insiders have been active buyers over the past two years, with no insider sales during that period. Other recent buys include a 500-share pickup from the company CFO in August, for just under $31,000. And the company COO bought 1,755 shares for just under $110,000. Overall, company insiders own 1.6 percent ...
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