Don’t Miss this Overlooked Part of the AI Revolution
The past few months have been great for AI stocks, particularly those working on generative AI software. That’s led to the rise of several prompts that can make work easier, particularly in industries that rely on intellectual capital rather than labor. However, the trend will move toward labor too. That’s because AI is a key component for making automation effective. Today, automation largely helps scale up industrial production. That trend could accelerate in the coming years. One way to play this trend ...
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Insider Activity Report: Oneok (OKE)
Brian Derksen, a director at Oneok (OKE), recently bought 4,900 shares. The buy increased his holdings by 36 percent, and came to a total cost just under $292,000. This marks the first buy at the company in over a year, when Oneok’s President and CEO bought 8,975 shares, paying about $1 million to do so. One company director sold shares last year, otherwise company insiders have been fairly inactive over the past three years Overall, company insiders own 0.5 percent ...
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Unusual Options Activity: PBF Energy (PBF)
Oil and gas refining company PBF Energy (PBF) has risen over 32 percent in the past two months. One trader sees a further rally in the weeks ahead. That’s based on the August $45 calls. With 45 days until expiration, 2,065 contracts traded compared to a prior open interest of 104, for a 20-fold rise in volume on the trade. The buyer of the calls paid $1.70 to make the bullish bet. Shares recently went for just over $41, so they would ...
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Stick With Companies Cracking Down on Member Sharing
Markets were skeptical when Netflix (NFLX) started to crack down on users who shared their account information. The company even tried the policy last year and failed. But this time around, it’s clear that more users will sign up for the service. Other companies with a membership model are taking note. Only those who pay should get to use the service, rather than acting as a guest for a paying member. One membership club cracking down is Costco (COST). The retailer will ...
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Insider Activity Report: John Wiley & Sons (WLY)
David Dobson, a director at John Wiley & Sons (WLY), recently bought 3,000 shares. The buy increased his stake by 61 percent, and came to a total cost just under $95,000. This marks the first insider buy since 2021. Otherwise, company executives have been sellers of shares, largely last year, with two sales so far this year. One sale came to just under $1,000,000, at a time when shares traded nearly twice as high as today. Overall, company insiders own 9.0 ...
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Unusual Options Activity: Unity Software (U)
3D software company Unity Software (U) has moved higher in the past few weeks, on AI speculation. One trader is betting the rally will continue. That’s based on the July $51 calls. With 21 days until expiration, 12,096 contracts traded compared to a prior open interest of 186, for a 65-fold rise in volume on the trade. The buyer of the calls paid $0.95 to make the bullish bet. Unity shares recently went for about $44. Shares would need to rise $7, ...
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For Winning Results, Follow Winning Partnerships
The corporate world is full of mergers and acquisitions. But a partnership, which can allow companies to share their respective strengths, can often get overlooked. Investors who can find successful partnerships often have two potential companies to invest in. Even better, a great partnership may lead to an acquisition, which could mean a bigger return for investors who buy shares of the smaller company in a partnership. One recent partnership announcement comes from Nvidia (NVDA). The semiconductor leader has partnered with ...
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Insider Activity Report: Southwest Gas Holdings (SWX)
Carl Icahn, a major owner at Southwest Gas Holdings (SWX), recently added 9,652 shares. The buy came to a total price of $559,700, and increased his holdings by less than one percent. Icahn has been increasing his position since March, buying over 3 million shares in total across a number of transactions. Company insiders were last sellers of shares in June 2022, when the share price was about 50 percent higher than where the stock trades today. Overall, insiders own about ...
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