13596

Unusual Options Activity: Full Truck Alliance (YMM)

Shares of freight logistics platform Full Truck Alliance (YMM) are down nearly 60 percent over the last year. One trader sees a rebound in shares in the next month. That’s based on the December $10 calls. With 29 days until expiration, 13,846 contracts traded compared to a prior open interest of 561, for a 25-fold rise in volume on the trade. The buyer of the calls paid $0.23 to make the trade. Shares recently traded around $7.25, so the stock would need ...
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13590

Buy Defensive Companies Growing Sales Now

At the end of the day, companies exist to sell a product or service. When times are tough, some goods are seen as luxuries. But many items are necessities. That’s why investors tend to pile into defensive stocks like consumer goods companies during a bear market. A bear market also helps to bring down valuations across the board. That makes defensive stocks, typically priced fairly high relative to their growth prospects, a much better buy ahead of a market turnaround. For example, ...
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13592

Insider Trading Report: FS KKR Capital Corp (FSK)

Daniel Pietrzak, Co-President at FS KKR Capital Corp (FSK), recently picked up 6,000 shares. The buy increased his holdings by nearly 20 percent, and came to a total cost just over $112,500. He was joined by a company director, who bought 1,175 shares on the same day, paying just over $22,000. Other company directors have been buyers over the past few months, and the other Co-President has picked up 6,000 shares back in May and June. Overall, company insiders own 0.2 ...
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13593

Unusual Options Activity: Fisker Inc (FSR)

Shares of electric vehicle manufacturer Fisker (FSR) have lost 60 percent of their value in the past year. One trader sees a further drop ahead. That’s based on the December 16 $10 puts. With 30 days until expiration, 12,024 contracts traded compared to a prior open interest of 196, for a 61-fold rise in volume on the trade. The buyer of the puts paid $1.88 to make the bearish bet. Shares recently traded for about $8.50, meaning the options are about $1.50 ...
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13582

In Bear Markets, Follow Companies with Cash to Burn

Many companies get into trouble overleveraging while times are good. They take on too much debt. That becomes a problem with things slow, and the costs to finance that debt become too much to bear. In contrast, a number of companies have strong balance sheets. Even companies with some debt, but substantial cash, are in a great place right now. They can potentially make a great acquisition at a great price, or find ways to return that cash to shareholders. One company ...
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13584

Insider Trading Report: American Express (AXP)

Clayton Joseph, a director at American Express (AXP), recently bought 1,000 shares. The purchase came to a total price of just under $150,000, and represents an initial stake for the director. This represents the first insider buy at the company since late 2020. Otherwise, company insiders, mostly executives, have been steady and consistent sellers of shares over the past three years, with a large spike in insider selling occurring back in February of this year. Overall, company insiders own 0.13 percent ...
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13585

Unusual Options Activity: Oracle (ORCL)

Shares of database software company Oracle (ORCL) are up nearly 30 percent in the past month following the stock market’s strong rebound. One trader sees a short-term pullback ahead. That’s based on the December 2 $75 puts. With 17 days until expiration, 2,565 contracts traded compared to a prior open interest of 129, for a 20-fold rise in volume on the trade. The buyer of the puts paid $1.02 to make the bearish bet. Shares recently traded for just over $77, ...
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13579

Consider This Retail Player Ahead of the Holidays

Economists are predicting a gloomy holiday season. Real spending will likely be down thanks to slow economic growth and high inflation this year… not to mention the impact of supply chains. But consumers still remain robust, so it’s likely that retailers may be oversold going into the holidays. Investors who buy today can grab a reasonable value in any of the big-name big-box stores here. And if things go better than expected, they’ll be well positioned for some quick profits. Among the ...
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