15948

As the Market Rallies, Focus on Companies With a Clean Bill of Financial Health

“It’s only when the tide goes out that you learn who has been swimming naked.” That Warren Buffett quite is about the danger of investing in companies during bull markets. Some companies that are flying high today may have some problems that are being overlooked. That trend could easily reverse. So with markets still near all-time highs, investors may want to look for companies that have clean financial books and are in good shape. One such company is
Autodesk (ADSK). Shares have rallied ...
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15950

Insider Activity Report: Norfolk Southern (NSC)

Claude Mongeau, a director at
Norfolk Southern (NSC), recently bought 5,650 shares. The buy increased his stake by nearly 40%, and came to a cost just under $1.25 million. He is one of four directors who picked up shares last week. The smallest buy was for $150,000 shares. A third director saw their position grow by over 1,000%, and the last director to buy was building an initial stake. These mark the first insider buys over the past two years. Overall, Read More About This
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15951

Unusual Options Activity: DraftKings (DKNG)

Sports gaming site
DraftKings (DKNG) is up 39% in the past year, beating the overall returns of the stock market. One trader sees shares trending higher in the coming weeks. That’s based on the July 5 $36 calls. With 30 days until expiration, 11,050 contracts traded compared to a prior open interest of 119, for a 93-fold rise in volume on the trade. The buyer of the calls paid $1.57 to make the bullish bet. DraftKings shares recently traded for about $35.50, making ...
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15942

The Market’s Love/Hate Relationship with This Sector Is Creating Bargains Now

Most market sectors move in and out of favor with investors over time. One simple strategy for investors is to buy out-of-favor sectors, and then look to take profits when that sector turns around. Doing so can create market-beating returns consistently, and keep out of sectors that are overly loved and may be poised to see a massive drop. Today, a few sectors remain out of the market’s favor, including one in the tech space. That niche part of the tech market ...
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15944

Insider Activity Report: Wolfspeed (WOLF)

Marvin Riley, a director at
Wolfspeed (WOLF), recently bought 1,866 shares. The buy increased his stake by 16%, and came to a total cost of $50,481. This is the first insider buy since February, when a cluster of four directors bought nearly 10,000 shares each, at a cost of around $250,000 for each director. The last insider sale occurred last December, when the company CFO sold about 6% of his stake. Overall, Wolfspeed insiders own 0.9% of shares. The silicon carbide wafer ...
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15947

Unusual Options Activity: Dollar Tree (DLTR)

Discount retailer
Dollar Tree (DLTR) is down 10% over the past year amid a slowdown in consumer spending on goods. One trader sees shares trending lower in the weeks ahead. That’s based on the August $110 puts. With 72 days until expiration, 3,502 contracts traded compared to  a prior open interest of 110, for a 32-fold rise in volume on the trade. The buyer of the puts paid $1.76 to make the bearish bet. Dollar Tree shares recently traded for about $118, so ...
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15937

This Small AI Play Could Finally Be Ready to Trend Higher

For all the clamor in the AI space, most investors have largely focused on large companies. On the surface level, that makes sense. Big-name tech firms have billions of dollars that they can easily throw into AI projects. If there’s even a small boost to the company’s bottom line, it can mean big bucks for shareholders. But smaller AI plays look attractive now too. That’s because these companies have a smaller market cap. As smaller companies grow, they can see a massive ...
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15938

Insider Activity Report: Hilton Worldwide Holdings (HLT)

Melanie Healey, a director at
Hilton Worldwide Holdings (HLT), recently bought 2,000 shares. The buy increased her stake by 15%, and came to a total cost of $399,299. This is the first insider buy in just over a year. Another director bought 695 shares for just under $100,000 in May 2023. Otherwise, company insiders have been slight sellers of shares in the last year, with most of those sales coming following the exercise of stock options. Overall, Hilton insiders own 2.1% of ...
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