Trading Tips Blog

The latest inflation data continues to slow. Prices are now rising at their lowest rate in two years. But they’re still rising. And inflation is cumulative. So chances are, we’ll still have to deal with rising costs for everyday goods. Many consumers are shifting their spending from brand-name products to store-brands. The price is a bit lower, and sometimes those products are even made in the same factories. One company that creates store brands is TreeHouse Foods (THS). The private label food ...
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Gary Mick, CFO at Six Flags Entertainment (SIX), recently bought 5,812 shares. The buy increased his stake by 7 percent, and came to a total cost just under $157,000. The buy came just a few weeks after he bought 2,500 shares. And the CFO has made 5 other buys since last December, now totaling nearly $900,000. Other company insiders have been buyers as well, with the last insider sale in September 2021. Overall, insiders own 0.9 percent of the theme park ...
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Uranium producer Cameco (CCJ) just broke through to a new 52-week high. One trader is betting the rally will continue in the coming months. That’s based on the September $37 calls. With 91 days until expiration, 20,433 contracts traded compared to a prior open interest of 151, for a 135-fold jump higher in trading volume. The buyer of the calls paid $0.85 to make the bullish bet. Shares recently traded for about $31.50, so the stock would need to rise $5.50, ...
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Every day brings several reports about companies embracing artificial intelligence (AI) technologies. Some may see a genuine long-term opportunity. Others may see an opportunity to turn their share price around as the market loves this current tech trend. While big-name tech stocks have largely moved higher, there’s now some potential pockets of overvaluation with the biggest moves so far. That’s creating an opportunity for smaller plays, particularly for companies already rolling out AI tools. One such player is Salesforce (CRM). The company ...
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Four directors at Advance Auto Parts (AAP) recently bought shares. Director Eugene Lee led the group with a 7,635 share buy. That increased his holdings by 41 percent, and came to a total stake of $500,160. The smallest buy was for 500 shares valued at just under $33,000. This marks the first insider activity since 2021. That's when a company EVP sold 3,500 shares when the stock traded more than three times higher than where it stands today. Overall, insiders at the ...
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Regional bank Keycorp (KEY) is down nearly 40 percent over the past year, as banking stocks have been out of favor with the market. One trader sees the potential for another big drop by the end of the year. That’s based on the December $6 puts. With 184 days until expiration, 5,128 contracts traded compared to a prior open interest of 195, for a 26-fold rise in volume on the trade. The buyer of the calls paid $0.40. Shares recently traded for ...
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The past few weeks has seen an explosion of interest in artificial intelligence (AI) and chipmaker stocks. That’s allowed a few big-cap tech names to lead the overall market higher. And since the stock market is weighted by market cap, it may have even kept stocks from dropping so far this year. With the move higher fizzling out, it’s possible that investors are looking to new leaders to keep the 2023 rally going. One company looks set to take the leadership ...
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Joseph Rice, a director at Banc of California (BANC), recently bought 7,500 shares. The buy increased his holdings by 85 percent, and came to a total cost of $84,375. This is the first insider activity in a month, when another director bought 3,200 shares in early May for about $35,000. Company insiders have been buyers so far this year, including over $1 million from a third director across multiple transactions. Overall, insiders at the regional bank own 1.9 percent of shares. The ...
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