Strong Demand Points to More Upside for this Travel Play
Consumer spending data has been mixed over the past year. One of the biggest disconnects is the slowdown in traditional spending while discretionary spending has increased. In the discretionary space, travel demand has remained strong. Consumers still want to travel, and are keeping airplanes full and hotel rooms booked. They’re also showing a strong demand for other niches in the travel and tourism market as well. One beneficiary is the cruise industry. Bookings remain strong, and companies like
Royal Caribbean Cruises (RCL) are ...
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Royal Caribbean Cruises (RCL) are ...
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Insider Activity Report: Humana (HUM)
Jorge Mesquita, a director at
Humana (HUM), recently bought 545 shares. The buy increased his position by 27 percent, and came to a total cost of $200,066. This marks the first insider buy at the health insurer over the past two years. There have been several insider sales, including from the CEO and CFO, including some sales of as much as $8.9 million in shares. However, all sales over the past two years have occurred following the exercise of stock options. Overall, Read More About This
Humana (HUM), recently bought 545 shares. The buy increased his position by 27 percent, and came to a total cost of $200,066. This marks the first insider buy at the health insurer over the past two years. There have been several insider sales, including from the CEO and CFO, including some sales of as much as $8.9 million in shares. However, all sales over the past two years have occurred following the exercise of stock options. Overall, Read More About This
Unusual Options Activity: Rivian Automotive (RIVN)
Electric vehicle manufacturer
Rivian Automotive (RIVN) saw shares sink 25 percent last week following earnings. One trader is betting that the drop was an overreaction and shares will trend higher. That’s based on the April $12.50 calls. With 52 days until expiration, 7,784 contracts traded compared to a prior open interest of 173, for a 45-fold rise in volume on the trade. The buyer of the calls paid $0.98 to make the bullish bet. Rivian shares slid to about $11.50 after earnings, meaning ...
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Rivian Automotive (RIVN) saw shares sink 25 percent last week following earnings. One trader is betting that the drop was an overreaction and shares will trend higher. That’s based on the April $12.50 calls. With 52 days until expiration, 7,784 contracts traded compared to a prior open interest of 173, for a 45-fold rise in volume on the trade. The buyer of the calls paid $0.98 to make the bullish bet. Rivian shares slid to about $11.50 after earnings, meaning ...
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Poor Guidance and Great Earnings Point to Strong Stock Returns
Earnings season offers investors a number of second chances to buy great stocks. One of the best ways to get an opportunity is when a stock sells off for providing poor guidance. The market likes certainty, and is willing to pay up for it. While guidance may be weak, a company that’s reporting great earnings should head higher over time, no matter what guidance expectations it makes for investors (if any). Cybersecurity stocks stumbled earlier this week after Palo Alto Networks ...
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Insider Activity Report: Phillips 66 (PSX)
Robert Pease, a director at
Phillips 66 (PSX), recently bought 682 shares. The buy increased his holdings by 56 percent, and came to a total cost of $99,968. This is the first insider buy since last February, when another director bought 10,250 shares, paying just over $1 million. Otherwise, company executives, including the CFO, have been sellers of shares over the past year. Nearly all insider sales have come following the exercise of stock options. Overall, Phillips 66 insiders own 0.4 percent ...
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Phillips 66 (PSX), recently bought 682 shares. The buy increased his holdings by 56 percent, and came to a total cost of $99,968. This is the first insider buy since last February, when another director bought 10,250 shares, paying just over $1 million. Otherwise, company executives, including the CFO, have been sellers of shares over the past year. Nearly all insider sales have come following the exercise of stock options. Overall, Phillips 66 insiders own 0.4 percent ...
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Unusual Options Activity: Morgan Stanley (MS)
Wall Street megabank
Morgan Stanley (MS) has been trending higher in recent months, but is still down 12 percent over the past year. One trader sees shares trending higher in the coming weeks. That’s based on the March $88 calls. With 21 days until expiration, 5,093 contracts traded compared to a prior open interest of 147, for a 35-fold rise in volume on the trade. The buyer of the calls paid $0.98 to make the bullish bet. Morgan Stanley shares recently traded for ...
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Morgan Stanley (MS) has been trending higher in recent months, but is still down 12 percent over the past year. One trader sees shares trending higher in the coming weeks. That’s based on the March $88 calls. With 21 days until expiration, 5,093 contracts traded compared to a prior open interest of 147, for a 35-fold rise in volume on the trade. The buyer of the calls paid $0.98 to make the bullish bet. Morgan Stanley shares recently traded for ...
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Grab Out-of-Favor Earnings Winners
Earnings season shows which companies are able to navigate today’s economy, and which companies are missing out. While the economic data shows strong topline growth, there’s been slowing demand across a number of major sectors in the economy. For instance, the housing market has slowed as interest rates have soared. Homeowners are electing to stay in their existing homes for longer. That should be good for home improvement projects, and companies associated with that trend. However, that doesn’t appear to be the ...
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Insider Activity Report: Old Republic Insurance (ORI)
Barbara Adachi, a director at
Old Republic Insurance (ORI), recently bought 1,925 shares. The buy increased her stake by 33 percent, and came to a total cost of $55,055. The director also bought shares last August, picking up 3,620 shares for just over $100,000. Other company directors have been buyers in the past year, albeit at smaller amounts. There have been two insider sales in the past year, the largest of which came from an EVP. Overall, Old Republic insiders own 7.8 ...
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Old Republic Insurance (ORI), recently bought 1,925 shares. The buy increased her stake by 33 percent, and came to a total cost of $55,055. The director also bought shares last August, picking up 3,620 shares for just over $100,000. Other company directors have been buyers in the past year, albeit at smaller amounts. There have been two insider sales in the past year, the largest of which came from an EVP. Overall, Old Republic insiders own 7.8 ...
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