The Payment Wars Heat Up a Notch
The past few years have seen an explosion in payment apps. Each have their similarities and differences, from traditional wealth transfers to the ability to buy cryptocurrencies to offering payment plan options. That latter category is exploding in growth, with a number of firms offering “Buy Now Pay Later” or BNPL services. Of the many companies offering this service, one just inked a major deal with the world’s biggest retailer, Amazon (AMZN). The company partnering with them is Affirm Holdings (AFRM). The ...
Read More About This
Read More About This
Insider Trading Report: Ralph Lauren Corp (RL)
Hubert Joly, a director at Ralph Lauren Corp (RL), recently bought 8,400 shares. The buy increased his stake by 47 percent, and came to a total price of just over $990,000. This marks the first insider buy since last October. Overall, insiders have been sellers of shares on a regular basis, with few insider buys on a regular basis. Company insiders own about 1.1 percent of the company. Insiders who have been selling are missing out. Shares are up 72 percent ...
Read More About This
Read More About This
Unusual Options Activity: Apple (AAPL)
Consumer tech giant Apple (AAPL) has been pushing to new highs in recent weeks. One trader sees the trend continuing throughout the month of September. That’s based on the October 1 $180 calls. With 30 days until expiration, over 35,270 contracts traded against an open interest of 269, for a massive 131-fold jump in volume. The buyer of the calls paid about $0.23 to make the trade. While shares have moved higher in recent sessions, they currently trade around $153. Shares would ...
Read More About This
Read More About This
The Ultimate Semiconductor Shortage Play
The latest statements from companies relying on semiconductors for operations is still grim. A shortage persists, and likely won’t be fully resolved this year. That’s likely to impact everything from consumer electronics this holiday season (it’s coming sooner than you think), to the production of new automobiles. While a number of companies are working to ramp up production, the actual physical manufacturing is likely resulting in delays, as only a few organizations can actually manufacture at scale. These few players likely ...
Read More About This
Read More About This
Insider Trading Report: Enterprise Products Partners LP (EPD)
John Rutherford, a director at Enterprise Products Partners LP (EPD), recently bought 10,000 more shares. The buy increased his stake by nearly 26 percent, and came to a total purchase price of just under $222,000. This is the first insider buy in nearly a month. Overall, company insiders have been buyers of shares with just one small exception over the past three years back in 2019. In total, company insiders own about 32.5 percent of shares. Shares of the partnership are up ...
Read More About This
Read More About This
Unusual Options Activity: eBay (EBAY)
Online auction site eBay (EBAY) has seen shares move higher over the past year with a number of small dips along the way. One trader sees that trend continuing in the short term. That’s based on the September 10 $70 calls. Over 5,715 contracts traded compared to an open interest of 122, for a 47-fold rise in volume. The buyer of the calls paid about $0.47 to make the trade. With 10 days until expiration, and with shares around $76.50 right ...
Read More About This
Read More About This
A Perfect Way to Play the Next Crypto Rally?
After a swift drop earlier in the year after hitting all-time highs, cryptocurrencies have surged higher in prior weeks. The space is pausing again, but may be on track to resume its rally soon. While many companies have embraced cryptocurrencies, the trend is still early. But investors who want exposure to the space without having to buy and store their own have a few solid opportunities. For those just looking for exposure to Bitcoin, MicroStrategy (MSTR) may be the way to go ...
Read More About This
Read More About This
Insider Trading Report: Cree Inc. (CREE)
Loan Le Duy, a director at Cree Inc. (CREE), recently bought 1,000 more shares. The buy increased the holdings by nearly 6 percent, and came to a total price of just under $85,000. That marks the second insider buy of the year, also from the same director. Overall, insiders have been sellers of shares over the past 2 years, with insiders last buying in late 2019. Overall, insiders own about 0.5 percent of company shares. The manufacturer of semiconductors and light emitting ...
Read More About This
Read More About This