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This Tech Trend Continues Amid Shaky Markets

While the stock market correction has rattled investors, and while tariff fears remain, most companies are still executing on long-term plans. That includes the rollout of AI, which includes not just new software and AI models, but the hardware and infrastructure necessary to make it all work. One key element of that plan is power. Many big-tech companies have shifted to nuclear power for its high base-load generating capacity, and low operating cost. Today, while old nuclear plants are looking to be ...
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17680

Insider Activity Report: Gogo Inc. (GOGO)

Charles Townsend, a director at Gogo Inc. (GOGO), recently bought 200,000 shares. The buy increased his stake by 5%, and came to a total cost of $1.33 million. He was joined by another director and major holder, who picked up 75,432 shares for a cost of just under $496,000. Similar director buys were also made in February, totaling about $2.5 million. Otherwise, there were just two insider sales in 2023. Overall, Gogo insiders own 24.8% of shares. The in-flight internet service provider ...
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17682

Unusual Options Activity: XPeng (XPEV)

China-based EV manufacturer XPeng (XPEV) is up over 150% in the past year as EV sales have exploded in China. One trader is betting on a pullback in the months ahead. That’s based on the July $19 puts. With 114 days until expiration, 12,160 contracts traded compared to a prior open interest of 194, for a 63-fold rise in volume on the trade. The buyer of the puts paid $1.98 to make the bearish bet. XPeng shares recently traded for about $21.25, ...
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17673

This Stock Is Coiling for a Spring Higher

Stocks don’t just move up or down. Sometimes, they’ll have a sideways pattern. And that may entail bouncing up and down in a narrow range. Oftentimes, once the range-bound trading ends, the stock will make a big move. The next move isn’t always known in advance. It can depend on market conditions, as well as a company’s operations and how they’re faring. But it’s more likely that a stock will move higher if earnings are strong. That could be the case with ...
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17674

Insider Activity Report: Riot Platforms (RIOT)

Douglas Mouton, a director at Riot Platforms (RIOT), recently bought 8,384 shares. The buy increased his stake by 70%, and came to a total cost of $64,892. This marks the first insider buy at Riot over the past two years. There have been over a dozen insider sales, including a $9 million sale from the Chairman of the Board in June 2023 at a far higher price. All sales were market sales, not coming from the exercise of stock options. Overall, Read More About This
17675

Unusual Options Activity: Amazon (AMZN)

Tech giant Amazon (AMZN), is down 10% year-to-date as tech stocks have taken the brunt of the recent market selloff. One trader sees further potential downside into the autumn. That’s based on the September $75 puts. With 178 days until expiration, 5,024 contracts traded compared to a prior open interest of 100, for a 50-fold rise in volume on the trade. The buyer of the puts paid $0.15 to make the bearish bet. Amazon shares recently traded for about $195, so the ...
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17667

Buy This Value Play in a High-Margin Tech Niche

The recent market selloff took stocks into correction territory in the span of a few weeks. It’s the fifth-fastest selloff. And while stocks are looking to settle down now, if not rebound later in the year, some areas have fared worse than others. Many widely-held tech names have seen their shares get cut by a quarter or even half over the past few months. However, that hasn’t changed their fundamentals. For most companies, it could be a case of falling too far, ...
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17669

Insider Activity Report: Home Depot (HD)

Gregory Brenneman, a director at Home Depot (HD), recently bought 2,884 shares. The buy increased his stake by 5%, and came to a total cost of $999,967. This is the first insider buy at Home Depot over the past two years. Company executives have been regular sellers of shares, with most of those sales occurring following the exercise of stock options. The largest sale occurred when the company CEO sold 25% of his position for over $13 million in early 2024. Overall, ...
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