Unusual Options Activity: ZipRecruiter (ZIP)
Staffing and employment service provider ZipRecruiter (ZIP) is down 40% over the past year as jobless claims continue to rise and total open jobs decline. One trader sees shares popping higher into next year. That’s based on the January 2025 $12.50 calls. With 126 days until expiration, 35,895 contracts traded compared to a prior open interest of 186, for a massive 193-fold rise in volume on the trade. The buyer of the calls paid $0.20 to make the bullish bet. ZipRecruiter last ...
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Easing Conditions for the Housing Market Point to Solid Returns for Related Companies
The housing market has largely been frozen over the past two years. Rising interest rates made it unattractive for those who locked in a low mortgage rate to move. And the higher costs kept potential homebuyers on the sidelines. The thaw is starting. Interest rates are already coming down ahead of the Federal Reserve’s action. And as the housing market thaws, home improvement projects and spending may soar. That bodes well for several companies. For instance, paint giant The Sherwin-Williams Company (SHW) ...
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Insider Activity Report: Herbalife (HLF)
Juan Mendoza, a director at Herbalife (HLF), recently bought 10,000 shares. The buy came to a total cost of $71,100, and increased his stake by 8.3%. This follows up on several other buys made by the director so far this year, including two pickups in August for over 16,700 shares, and some pickups in May for nearly 18,000 shares. Over the past two years, insiders and officers have been buyers of shares, with a mix of those buys coming from stock ...
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Unusual Options Activity: American Airlines Group (AAL)
American Airlines Group (AAL) is down 20% over the past year, as earnings have fizzled as the post-pandemic rebound in travel has petered out. One trader sees shares declining further over the coming weeks. That’s based on the October 11 $10.50 puts. With 29 days until expiration, 26,722 contracts traded compared to a prior open interest of 372, for a 72-fold rise in volume on the trade. The buyer of the puts paid $0.38 to make the bearish bet. American Airlines shares ...
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Smaller Tech Stocks Are Poised to Rally into Next Year
Despite some likely market weakness in September and October, stocks are likely to close the year at new all-time highs. Even better, the trend has been shifting away from a handful of mega-cap large stocks, and the rally has been broadening out. Investors who buy smaller companies can likely see the best return on their investment in the months ahead. And investors have plenty of options that include companies that still play to today’s tech trends. For instance, Arm Holdings (ARM) is ...
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Insider Activity Report: Dollar Tree (DLTR)
Daniel Heinrich, a director at Dollar Tree (DLTR), recently bought 2,200 shares. The buy increased his stake by 22%, and came to a total cost of $150,194. The director last bought shares back in March, paying nearly twice as much per share for just 1,000 shares at a cost of $128,000. Insider trading has otherwise been mixed, with the company’s CIO selling shares in July, but the company CFO bought 1,800 shares in April. Overall, Dollar Tree insiders own 0.1% of ...
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Unusual Options Activity: AT&T (T)
Telecom provider AT&T (T) is up 44% over the past year, more than doubling the return of the S&P 500. One trader sees further upside ahead for shares in the coming weeks. That’s based on the October 25 $21.50 calls. With 44 days until expiration, 4,936 contracts traded compared to a prior open interest of 115, for a 43-fold rise in volume on the trade. The buyer of the calls paid $0.63 to make the bullish bet. AT&T shares recently traded for ...
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This Niche Retail Space Is Ripe for Further Growth
Every investment sector has its subgroup. The retail sector comprises a number of companies, from high-end shops to big-box stores. Depending on the economic cycle and valuation, some of those niche areas will perform better than others. With the economy cooling off, consumers are likely to look for lower-cost shopping experiences. And it could mean a rise in spending on little luxuries, rather than large ones. That bodes well for convenience store chains. These stores have seen high growth, and cater across ...
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