16365

Unusual Options Activity: ON Semiconductor (ON)

Automotive chip manufacturer ON Semiconductor (ON) is down 22% over the past year, as investors have been more focused on other tech trends and EV sales have been lackluster. One trader sees further weakness in the weeks ahead. That’s based on the November 15 $55 puts. With 52 days until expiration, 8,839 contracts traded compared to a prior open interest of 155, for a 57-fold rise in volume on the trade. The buyer of the puts paid $1.08 to make the ...
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16357

This Interest Rate “Loser” Remains a Long-Term Winner

Interest rates are finally starting to go down. That means the cost to borrow will decline, benefitting highly leveraged companies. But the cost to lend will also decline, meaning that fixed-income investors will get paid less for their holdings. For long-term bondholders, the price of the bond will rise to match interest rates. This is a concept known as duration. But short-term bond holders don’t have exposure to duration, and will see their bonds roll over at a lower interest rate. That’s ...
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16358

Insider Activity Report: WillScot Holdings (WSC)

Bradley Soultz, CEO of WillScot Holdings (WSC) recently bought 5,000 shares. The buy increased his stake by 1%, and came to a total cost of $194,855. Soultz was also the last buyer of shares with a 5,000 share buy back in May, which came to around $192,000. And the CEO has been a steady buyer going back into 2023. There has been one insider sale over the past year from a company director. Overall, insiders at the workplace and storage rental ...
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16361

Unusual Options Activity: Valley National Bancorp (VLY)

Regional bank Valley National Bancorp (VLY) is up 8% over the past year, far lagging the overall stock market. One trader sees shares trending higher over the coming weeks. That’s based on the October 18 $10 calls. With 25 days until expiration, 18,507 contracts traded compared to a prior open interest of 263, for a 70-fold rise in volume on the trade. The buyer of the calls paid $0.15 to make the bullish bet. Valley National recently traded for about $9.35, so ...
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16354

There’s Still Good Value in This Sector

Investors love tech stocks, but have started to branch out to other sectors, such as utilities, telecom, and consumer stocks in recent months. Those sectors could continue to help lead the overall market higher into 2025. Meanwhile, some sectors are starting to look oversold. They’ve simply been too far out of favor with the market for too long. They could be best poised for the strongest returns over the coming months. Right now, energy looks like an unloved part of the market ...
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16355

Insider Activity Report: Starbucks (SBUX)

Jorgen Knudstorp, a director at Starbucks (SBUX), recently bought 380 shares. The buy increased his stake by 1%, and came to a total cost of $34,770. This marks the first insider buy at the company over the past two years. Company insiders are regular sellers of shares, in particular the company’s North America CEO, who also recently resigned. Most of the sales were direct sales, with only one insider sale coming following the exercise of stock options. Overall, Starbucks insiders own ...
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16356

Unusual Options Activity: Uranium Energy Corp (UEC)

Uranium producer Uranium Energy Corp (UEC), is down 2% over the past year, with shares down over one-third from their February peak. One trader sees the stock recovering to bounce higher into next year. That’s based on the February 2025 $8 calls. With 154 days until expiration, 3,635 contracts traded compared to a prior open interest of 127, for a 29-fold rise in volume on the trade. The buyer of the calls paid $0.21 to make the bullish bet. UEC shares recently ...
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16350

In a Market Selloff, Buy This Big Tech Holding

Many big tech stocks have led the market higher over the past two years. However, not all tech stocks are alike. Investors have been betting on plays with fast growth now. But as the market shifts, looking for consistent growth may be a better option for investors. That’s because the spending growth on AI is likely to start slowing in 2025. The big spending now should decline as companies look to integrate new AI tools and reassess their needs from there. So ...
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