When a Rising Tide Lifts All Boats, Buy the Best Boat
Investors have to pay up for quality. That tends to be worth it in time, as buying the best company in a sector can provide excess returns. In the past few trading sessions, the biggest Wall Street banks have been reporting earnings. Most have beaten earnings, as well as provided a buoyant outlook and reduced loan loss reserves, a sign of long-term financial health. While investors may think all big banks are the same, that’s not always the cases. Some banks ...
Read More About This
Read More About This
Insider Trading Report: Riley Exploration Permian (REPX)
Alvin Libin, a major owner at Riley Exploration Permian (REPX), recently added 7,500 shares. The buy increased his stake by 0.2 percent, and came to a total price of just over $187,000. This insider has been a buyer back in August with multiple buys back at a lower price than where shares trade today. Another major holder has also been a buyer over the past few months, with insiders picking up over 200,000 shares in that timeframe. Overall, company insiders own Read More About This
Unusual Options Activity: Lumen Technologies (LUMN)
Shares of telecommunications company Lumen Technologies (LUMN) have risen about in-line with the overall market in the past year, but shares have been trending down in recent months. One trader sees the downtrend in shares continuing. That’s based on the December $12 puts. With 60 days until expiration, 5,020 contracts traded hands, a 35-fold rise in volume from the prior open interest of 142. The buyer of the puts paid $0.73. Shares currently trade around $12, making this an at-the-money trade. Shares ...
Read More About This
Read More About This
Stronger Travel Trends Point to Profitability For this Industry Leader
After being pent up at home for months on end, consumers are looking to get out and travel more. That’s a trend showing signs of growth, a welcome indicator as the economy contends with persistent inflation and supply chain issues for physical goods. With that trend moving higher, a number of companies are likely to benefit. Probably not airlines, given higher energy prices. But investors who look elsewhere can be rewarded. One big potential winner is Airbnb (ABNB). The rental platform doesn’t ...
Read More About This
Read More About This
Insider Trading Report: Life Time Group Holdings (LTH)
Partners Group Private Equity, a major holder at Life Time Group Holdings (LTH), recently added 277,777 more shares. The buy increased the fund’s holdings by over 4 percent, and came to a total cost of just under $5 million. This marks the first insider transaction since the company went public earlier in the month. Overall, company insiders own nearly 15 percent of shares. Since going public, the owner of health, fitness, and wellness facilities has seen shares trade roughly flat. Operationally, ...
Read More About This
Read More About This
Unusual Options Activity: Wells Fargo & Company (WFC)
Shares of megabank Wells Fargo & Company (WFC) have nearly doubled in the past year. However, over the past 5 years, shares are largely down thanks to a number of scandals. One trader expects a further decline in shares in the next few years. That’s based on the January 2024 $40 put. With 826 days until expiration, over 10,760 contracts traded against a prior open interest of 442, for a 24-fold jump in volume. The buyer of the put paid $5.60 ...
Read More About This
Read More About This
Time to Buy the Dip On this Leading Global Brand
Investors are willing to pay a premium for a brand. The name brand of anything, from shoes to soda will carry a premium compared to a lesser-known or even a store brand. Companies with strong brands tend to have premiums attached to their share price too, which can make it hard to buy shares at a reasonable price. That’s why traders should use any market volatility to focus on buying strong branded companies, as they end up being the proverbial baby ...
Read More About This
Read More About This
Insider Trading Report: Landmark Infrastructure Partners (LMRK)
Landmark Dividend, a major holder of Landmark Infrastructure Partners (LMRK), recently added 852,748 shares to their holdings. The buy increased the fund’s stake in the firm by over 24 percent, and came to a total purchase price of just over $14 million. This follows up on a 158,261 share buy from the fund last month as well. These two buys mark the only insider activity since 2018, when the fund and another insider last bought shares as well. Overall, insiders own ...
Read More About This
Read More About This