Trading Tips Blog

Shares of rideshare firm Lyft (LYFT) are set to move higher yet again. That’s thanks to the company’s latest ride numbers, which are now on par with March 2020. Average daily rides are up 4 percent, and volumes are up 5.4 percent from the previous month. That’s a great trend, and one likely to continue to rise over time, as economies look to end restrictions and reopen. And with shares already near all-time highs, there’s room for a surge higher. The ...
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Loan Le Duy, a director at Cree (CREE), recently bought 1,000 shares. The buy increased her stake by over 6 percent, and came to a total cost of just over $105,000. This marks the first insider buy at the company since late 2019. As with many tech names, insiders are generally sellers, although all insider activity over the past few years have been from directors, rather than C-suite executives. Overall, insiders own just 0.5 percent of shares at the LED production ...
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The latest retail company to report earnings has continued the trend of failing to report guidance. And that’s once again spooked the market into a selloff. With where stocks are at right now, the move has created some opportunities to buy near the lows of the year. The latest player? Target (TGT). The company earned $2.73 per share for the last quarter of 2020, a massive jump from the $1.65 per share in the fourth quarter of 2019. Yet despite those massive ...
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Cannabis stocks surged in the first half of February, but sank in the second half of the month. At least one trader still sees an uptrend in the space, however. That’s based on the April $15 calls on Aurora Cannabis (ACB). Shares would need to move 27 percent higher for the trade to move in-the-money, suggesting a big move here. Over 6,475 options traded against a prior interest of 405, for a 16-fold rise in volume. The trade, expiring in 44 days, ...
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China-based internet technology company NetEase (NTES) has corrected a bit in recent sessions along with the rest of the tech space. However, at least one trader sees a potential for a move higher. That’s based on the September $120 calls. Over 5,475 contracts traded, a 45-fold rise in volume from the prior open interest of 122 contracts. With 199 days to trade, the option will move in-the-money if shares rise just $10 from the current price near $110. The buyer paid about ...
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The digital age, driven by software and other technology, still requires some physical gadgetry to work. That physical tech requires certain components to work, which in turn are driven by certain commodities used in manufacturing. One space that has gotten a large amount of attention is lithium. It’s a key element for the technology in the latest generation of rechargeable batteries, particularly those for electric vehicles. So it’s no surprise that with a pullback in recent weeks, shares of Albemarle (ALB) are ...
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Brad Roberts, Chief Operating Officer at LifeMD (LFMD), recently bought 5,000 shares. This is an initial stake for the C-suite officer, and came to a total cost of just over $102,000. Insiders have generally been buyers at the telemedicine company over the past three years, even as the share price has skyrocketed during the pandemic. The only sale in that time came from the company’s former COO, who sold nearly half their position in late 2020. Shares of the company have ...
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Most companies looking to survive in the past year moved heavily towards ecommerce sales. However, a few companies have a business model known as the “found treasures.” They offer steep discounts compared to the non-sale price, but the catch is that buyers have to find them by scrounging through a physical store. One such play is Ross Stores (ROST). Shares are just now climbing back to pre-pandemic levels. And shares look like a bargain as shoppers look forward to perusing ...
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