Pick Up Suppliers In a Weak Economy
During a market pullback, investors tend to gravitate towards well-known companies with strong brands. Many of those companies, in turn, do what they do thanks to a strong network of suppliers. That can include anything from providing raw commodities to nearly-finished goods. Since these companies aren’t as well known, they tend to sell off during a market downturn, and then can benefit proportionately from the market rebound. So it’s no surprise that some analysts may be targeting them for big returns ...
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Insider Trading Report: Comstock Resources (CRK)
Roland Burns, CFO at Comstock Resources (CRK), recently bought 20,000 shares. The buy increased his holdings by 2 percent, and came to a total cost just under $199,000. The buy comes about a week after the company’s VP of Financial Reporting bought 5,000 shares, paying $50,400. And Comstock’s VP of Operations bought 20,000 shares for $201,000. That’s on top of other insider buys going back to last August. There have been no insider sales in the past year. Overall, insiders own ...
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Unusual Options Activity: International Business Machines (IBM)
Server and computer company International Business Machines (IBM) have dropped 4 percent in the past year, outperforming the overall stock market by about 9 points. One trader sees a further decline for shares in the weeks ahead. That’s based on the April 21 $116 puts. With 23 days until expiration, 3,949 contracts traded compared to a prior open interest of 199, for a 33-fold rise in volume on the trade. The buyer of the puts paid $0.56 to make the bearish ...
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The Economy Is Down, But Not Out – This Overlooked Play Could Fare Well Here
Investors are shying away from tech investments as interest rates rise. However, there are many ways to profit in tech in the years ahead, and finding reasonably-priced companies that can grow market share at today’s prices should fare well. While the market has flirted with artificial intelligence (AI) stocks so far this year, that space is far from proven. A more proven space is cloud storage, which continues to grow, even as tech firms slow down and announce layoffs. The cloud division ...
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Insider Trading Report: Uranium Energy Corp (UEC)
Amir Adnani, President and CEO at Uranium Energy Corp (UEC), recently bought 60,000 shares. The buy increased his stake by 3 percent, and came to a total cost of $214,200. A company director also picked up 38,500 shares, paying just over $100,000 on the same day. And an executive vice president also recently bought 21,000 shares, at a price just over $52,000. Insiders were generally last active in late 2021, when they were sellers. Overall, company insiders own 1.7 percent of ...
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Unusual Options Activity: MGM Resorts International (MGM)
Hotel and casino operator MGM Resorts International (MGM) are down just 2 percent over the past year, outperforming the overall stock market by about 10 percent. One trader sees shares declining in the coming weeks. That’s based on the May $40 puts. With 51 days until expiration, 5,137 contracts traded compared to a prior open interest of 163, for a 32-fold rise in volume on the trade. The buyer of the puts paid $2.01 to make the trade. Shares last went ...
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Invest With Companies Facing Specific, Yet Solvable, Fears
The market’s bearishness is reflected in the tendency to sell shares of a company first, and ask questions later… if at all. However, many companies selling off right now are still fine operationally. A few may even benefit from the current slowing economy, as competitors change their business or even go bankrupt. That makes this a stockpicker’s market. And the way to profit from that is to find companies that have been hit hard from specific fears that can abate in ...
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Insider Trading Report: UMH Properties (UMH)
Daniel Landy, an EVP at UMH Properties (UMH), recently bought 1,900 shares. The buy increased his stake by 1 percent, and came to a total price of $33,089. That’s on top of a number of smaller buys from other company insiders, including two directors, and the company President and CEO in recent weeks. Insiders have only been buyers of shares in the past year, with some director sales going back further. Overall, insiders own 6.9 percent of the manufactured home community ...
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