16462

As the Market Boom Continues, Invest with Investment Banks

As financial markets trend higher, trading fees and an increase in other market activity is driving the profits of big banks higher. Even with shifting interest rates, which some have seen as a potential drag on productivity, Wall Street banks are on set to grow their profits. In fact, many of the big banks have seen a surge in fixed-income activity, likely from investors looking to lock in high rates ahead of the Federal Reserve’s first interest rate cut. That’s allowed firms ...
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16464

Insider Activity Report: Marvell Technology (MRVL)

Matthew Murphy, CEO and Chairman at Marvell Technology (MRVL), recently bought 13,000 shares. The buy increased his stake by 6%, and came to a total cost of just over $1 million. This marks the first insider buy since June, when a company director bought 1,923 shares at a cost of just over $100,000. Otherwise, there have been several insider sales, including two from the company CFO. Generally, insiders have been more likely to be sellers over the past two years. Overall, Read More About This
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16466

Unusual Options Activity: American Airlines (AAL)

Airliner American Airlines (AAL) is up 12% over the past year, with half that gain coming following the company’s latest earnings report. One trader sees shares continuing higher over the coming weeks. That’s based on the November 29 $13 calls. With 42 days until expiration, 71,983 contracts traded compared to a prior open interest of 192, for a 375-fold rise in volume on the trade. The buyer of the calls paid $0.82 to make the bullish bet. American Airlines recently traded for ...
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16448

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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16449

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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16450

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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16440

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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16442

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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