13737

Unusual Options Activity: Best Buy Company (BBY)

Shares of electronics retailer Best Buy Company (BBY) are down about 18 percent over the past year. One trader sees a bigger drop ahead. That’s based on the March $55 puts. With 80 days until expiration, 6,003 contracts traded compared to a prior open interest of 132, for a 46-fold rise in volume on the trade. The buyer of the puts paid $0.62 to get into the bearish trade. Shares recently traded for about $80, so they would need to drop ...
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13730

Buy Shares of Companies Looking at Long-Term Profitable Returns Now

In a rough market, even great companies will miss on earnings. But how they miss can be illustrative of their potential future returns. For instance, with inflation data coming down, companies dealing with high costs could see that factor fade away. With Wall Street looking at each quarter’s numbers compared to the year before, declining costs could lead to a big move higher for any company with something positive to report. For instance, Carnival Cruise Lines (CCL) reported a narrower loss in ...
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13731

Insider Trading Report: Flowers Foods (FLO)

Chubb Caldecot, a director at Flowers Foods (FLO), recently added 2,000 shares. The buy increased his holdings by 8.7 percent, and came to a total cost just under $57,000. This is the first insider buy since the director last bought shares in August, picking up 3,000 shares for just over $82,000. Over the past year, there have been a number of large insider sales, including a 75,400 share sale by the company CEO. Even with the sizeable sales lately, insiders own ...
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13732

Unusual Options Activity: BlackBerry (BB)

Shares of wireless communications equipment company BlackBerry (BB) have shed more than half their value in the last year amid a big drop in tech stocks. One trader sees a further decline. That’s based on the June $4.00 puts. With 174 days until expiration, 4,255 contracts traded compared to a prior open interest of 151, for a 28-fold rise in volume on the trade. The buyer of the puts paid $0.82 to make the bet. The stock recently traded at a new ...
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13726

Use Bear Markets to Accumulate Companies That Can Buck the Trend

In a bull market, investors can buy just about any stock and make money. While it’s tougher in a bear market, there are several stocks that can hold their own and even gain. That’s true of every bear market. 28 of the 30 Dow stocks dropped in 2008, but 2 of them managed to move higher. In this current market, with rising interest rates and a slow economy, it’s no surprise investors are turning to defensive stocks once again. One defensive stock ...
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13727

Insider Trading Report: F&G Annuities & Life Insurance (FG)

Christopher Blunt, President and CEO at F&G Annuities & Life Insurance (FG), recently added 10,000 shares. The buy increased his holdings by 2.6 percent, and came to a total cost just over $195,000. This is the 7th buy from Blunt so far this month. These trades constitute the only insider activity at the company. F&G was recently made public via a spinoff from parent company Fidelity National Financial (FNF). Consequently, initial insider data is not yet finalized. Overall, early data indicates Read More About This
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13728

Unusual Options Activity: Deutsche Bank (DB)

Shares of global money center bank Deutsche Bank (DB) are down about 15 percent over the past year. One trader sees a further decline in the months ahead. That’s based on the February 2023 $10 puts. With 57 days until expiration, 9,298 contracts traded compared to a prior open interest of 149, for a 62-fold rise in volume on the trade. The buyer of the puts paid $0.32 to make the downside bet. Shares recently traded for just over $11, so the ...
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13719

Look for Market-Beating Returns in Off-the-Beaten Path Names

Investors tend to gravitate towards great companies. Those companies tend to dominate their industry, and tend to grow massive. That makes it easier for investors to justify owning. While we’re fans of big-name tech companies thanks to their high profit margins and industry positioning, many more off-the-radar companies can be big winners too. That’s especially true getting out of well-known tech and consumer brand name companies and into infrastructure and industrial stocks. These companies manufacture many of the products needed for other ...
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