15109

Companies Serving Up Good Earnings Remain a Buy

The market’s selloff in the past few months has largely occurred between earnings seasons. The past few weeks, we’ve seen companies report solid earnings. The market hasn’t been in a position to reward those earnings yet, but could in the weeks ahead as stocks form a base and look to move off their current prices into the end of the year. Picking through today’s earnings winners could lead to solid returns in the months ahead. For investors who are still cautious about ...
Read More About This
|
15112

Insider Activity Report: American Express (AXP)

Walter Clayton, a director at American Express (AXP), recently bought 1,000 shares. The buy doubled his total holdings, and came to a cost of $143,930. The director bought his initial stake in November 2022, paying about $149,000 for 1,000 shares. In that intervening time, company executives have sold shares, some directly, and some following the exercise of stock options. And there have been no other insider buys. Overall, American Express insiders own 0.1 percent of shares. The credit card services provider is ...
Read More About This
|
15115

Unusual Options Activity: Tesla Motors (TSLA)

Shares of Tesla Motors (TSLA) slid under $200 this week. The stock is now at a five-month low and under its 200-day moving average. One trader sees a short-term bounce in the weeks ahead. That’s based on the December 1 $200 call. With 30 days until expiration, 3,323 contracts traded compared to a prior open interest of 169, for a 20-fold rise in volume on the trade. The buyer of the calls paid $11.60 to make the bullish bet. With shares Read More About This
|
15105

Buy this Industry Leader Rewarding Shareholders Now

Companies can do a lot of things with the profits they make. They could continue to expand the business, but after a certain size, most companies start to pay a dividend or buy back shares to reward shareholders. A handful of great companies are able to continually grow their cash flows, and from there reward shareholders with growing dividend payouts, on top of being able to further grow the business. That’s the case with ExxonMobil (XOM). The energy production company is making ...
Read More About This
|
15106

Insider Activity Report: Nasdaq (NDAQ)

Johan Torgeby, a director at Nasdaq (NDAQ), recently bought 14,000 shares. The buy increased his position by 165 percent, and came to a total cost of $705,880. This follows up on buy from another director for 500 shares in early August, for about $25,000. And the company’s CEO bought 10,000 shares for $510,000 in late July. Otherwise, insiders have been sellers of shares, almost entirely at prices higher than where the stock trades today. Overall, Nasdaq insiders own 18.9 percent of ...
Read More About This
|
15108

Unusual Options Activity: Cenovus Energy (CVE)

Canadian energy producer Cenovus Energy (CVE) has been making higher highs since May, but recently started to break lower. One trader is betting on further downside for shares in the coming weeks. That’s based on the December 15 $19 puts. With 45 days until expiration, 10,908 contracts traded compared to a prior open interest of 435, for a 25-fold rise in volume on the trade. The buyer of the puts paid $0.85 to make the bearish bet. Shares recently went for about ...
Read More About This
|
15101

Look for Efficiently-Run Companies to Thrive in Choppy Economic Times

With interest rates at their highest levels in 15 years, companies can’t just rely on cheap debt as an option when making decisions. The companies that will fare best will be those that have strong cash flows and are run efficiently. That should keep profit margins high, and provide the capital to benefit from new opportunities as they emerge. The more efficiently a company can operate, the more resilience it will have in the years ahead. One company that’s been working on ...
Read More About This
|
15102

Insider Activity Report: Sherwin Williams (SHW)

John Morikis, CEO at Sherwin Williams (SHW), recently bought 2,125 shares. The buy increased his position by 1 percent, and came to a total cost of $504,890. The CEO Was the last buyer of shares with a 2,207 pickup back in January, which also cost just over $500,000. Otherwise, a company vice president sold shares in February, at a price below where the stock trades today. 2022 saw a similar level of insider activity. Overall, Sherwin Williams insiders own about 8.1 ...
Read More About This
|