Regulatory Fears or Not, This Tech Giant Should Continue to Hum Along
The past few years have seen a several regulators look to go after the “big tech” companies. The issues range from monopoly power to how products and services are bundled in a way that prevents competition. While the European Union has been heavy on using its regulatory power, the United States has been far lighter. However, the Department of Justice is looking at a potential breakup of tech giant Alphabet (GOOG), parent company of Google and Youtube, among others. What this breakup ...
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Insider Activity Report: Sirius XM Holdings (SIRI)
Berkshire Hathaway (BRK-B), a major holder of Sirius XM Holdings (SIRI), recently bought another 3,564,059 shares. The buy increased Berkshire’s holdings of Sirius by 3%, and came to a total cost of $86,730,943. This is Berkshire’s first big buy of Sirius in over a year. Otherwise, the company CEO bought shares in August 2023, picking up 250,000 shares for just over $1 million. A few company insiders have been sellers this year, including the company’s Chief Content Officer. Overall, Sirius insiders ...
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Unusual Options Activity: Frontier Communications Parent (FYBR)
Telecom service provider Frontier Communications Parent (FYBR) is up 96% over the past year. One trader is betting on shares taking a breather over the coming months. That’s based on the December 20 $30 puts. With 64 days until expiration, 5,716 contracts traded compared to a prior open interest of 180, for a 32-fold rise in volume on the trade. The buyer of the puts paid $0.20 to make the bearish bet. Frontier Communications recently traded for just under $36, meaning shares ...
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This Underperforming Tech Play Has More Room to Rally
The market is shifting. Big-cap tech names that have dominated the markets for nearly two years are starting to slow down. Other parts of the market are starting to take over the leadership. However, not all tech plays are big-cap names. And many tech stocks are still well off their all-time highs. Those that are heading higher now still have more room to run, and a few could even become market leaders in their own right. That includes the payment companies, which ...
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Insider Activity Report: Bath & Body Works (BBWI)
Gina Boswell, CEO of Bath & Body Works (BBWI), recently bought 6,000 shares. The buy increased her stake by 3%, and came to a total cost of $177,852. This marks the first insider buy at the company over the past two years. Otherwise, there have been a few insider sales, including a large sale from a director back in June, and a sale from the company CFO in March 2023. Overall, Bath & Body Works insiders own 0.3% of shares. The specialty ...
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Unusual Options Activity: Coinbase (COIN)
Cryptocurrency brokerage Coinbase (COIN) has soared in recent sessions, rallying 11% on Monday alone. One trader sees further upside through the end of the year. That’s based on the December 20 $190 calls. With 65 days until expiration, 39,471 contracts traded compared to a prior open interest of 721, for a 55-fold rise in volume on the trade. The buyer of the calls paid $30.99 to make the bullish bet. Coinbase recently traded for about $200, making these options about $10 in-the-money ...
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Banks Still Look Profitable After Interest Rates Shift
While the Federal Reserve just started to lower interest rates, new economic data suggests that rates will take their time to decline from here. A strong labor market and potential for inflation ticking higher could keep rates from moving too low, or too quickly. However, the start of earnings season indicates that isn’t a problem for big banks. While lending may not look attractive when rates are relatively high, the start of the interest rate cut cycle certainly hasn’t hurt. The big ...
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Insider Activity Report: Dave & Buster’s Entertainment (PLAY)
Christopher Morris, CEO of Dave & Buster’s Entertainment (PLAY), recently bought 14,912 shares. The buy increased his stake by 14%, and came to a total cost of $502,162. This is the first insider buy since July, when the company CFO bought 13,578 shares, paying just over $526,000 for the position. One company VP sold about half his position last month, and company insiders were generally sellers over the last 12 months. Overall, Dave & Buster’s insiders own about 1.5% of shares. The ...
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