Trading Tips Blog

Semiconductors continue to look like a bright spot in the tech space following a drop in a number of tech heavy names so far this year. In particular, companies offering new products now to meet demand for the latest and next-generation tech can likely fare well. One surprising play? Intel (INTC). Often written off as a has-been in the chip space thanks to its focus on computers, the company just launched its latest line in server chips, and early results ...
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Allen Model, a director at The Howard Hughes Company (HHC), recently bought 4,300 shares. The buy increased his holdings by 26 percent, and came to a total purchase price of just under $418,000. Insiders have been active in the past year, with some major buys from Pershing Square Capital Management, but also some sales by them and some various insiders along the way. Overall, company insiders own about 3.6 percent of shares. The developer of master-planned communities has performed well in ...
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File sharing app company Dropbox (DBX) is trading at its highest level since shortly after it went public in 2018. One trader sees the potential for shares to continue higher. That’s based on the May 21st $29 call. Expiring in 42 days, over 7,750 contracts traded, a 36-fold rise in volume compared to the prior number of contracts at 213. The option buyer paid about $1.50 for the contract. With shares about $1.50 under the strike price, the stock would need to ...
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Real estate listing firm Zillow (Z) saw shares soar to $200 before dropping back down to $120. Now, with shares on the rise to $140, one trader is betting on a move higher. That’s based on the September $120 calls. With 162 days until expiration, the option is about $20 in-the-money given the recent price of $140. Over 10,100 contracts traded compared to a prior open interest of 133, for a 76-fold rise in volume. The trader paid about $33 for the ...
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Wade Miquelon, President and CEO of Joann (JOAN) recently bought 47,500 shares. The buy increased his stake by 87 percent, and came to a total cost just over $540,000. This is the first insider trade since the company went public in March. When that happened, a number of institutional owners and directors sold shares, but many company executives bought shares. Overall, company insiders own over 4 percent of the company. The chain of craft stores operates over 855 locations in 49 ...
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Wall Street loves hearing the words “recurring revenue.” That business model means receiving smaller sums from a customer, but on a regular, typically monthly, basis. Companies that move towards that model tend to be rewarded with upgrades. One big name tech giant has been lagging the market lately. But it’s been focusing on increasing its recurring revenue by developing a suite of services rather than focus on creating new hardware to sell to customers. That company is none other than Apple (AAPL) ...
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Semiconductor play Applied Materials (AMAT) has more than doubled since November. One trader sees the trend continuing. That’s based on the June $185 calls. Expiring in 72 days, over 9,000 contracts traded against a prior open interest of 150, for a 60-fold rise in volume. Shares would need to rise about 22 percent from their current price of $143 to close in-the-money at expiration. The buyer of the options paid about $3.10 for the contract. Thanks to a shortage in the semiconductor ...
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Stock buybacks have had mixed results. But companies that are able to buy back shares at this point in the economic recovery are likely companies that are doing something right. Case in point? Corning (GLW). The high-end glass supply company, responsible for products such as smartphone screens, is looking to buy back a 35 million share block held by Samsung Display. The block represents about 4 percent of outstanding shares. Shares of Corning moved higher over 3 percent on the news ...
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