This Structural Change Could Lead to a Further 10-15 Percent Rally in this Tech Giant
The stock market is the amalgamation of individual stocks. However, not all stocks are created equal. How a stock is weighted in an index can have a huge impact on the overall returns. That’s why swings in big tech names can increasingly move the market as a whole, up or down. Another factor is whether or not to include a stock in an index. Different indices have different requirements, such as a number of quarters of profitability, before they can be ...
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Unusual Options Activity: Palantir (PLTR)
Big data company Palantir (PLTR), which recently went public, has seen shares rise from an initial price near $9 to over $17 in recent sessions. At least one trader sees that uptrend continuing for some time. That’s based on the March 2021 $18 calls. These near-the-money options saw over 6,000 contracts trade hands, a 55-fold surge from the prior open interest of 109. The trader paid about $3.10 for the calls on average. With a limited history to operate on, shares don’t ...
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Insider Trading Report: Lions Gate Entertainment (LGF.B)
Gordon Crawford, a director at Lions Gate Entertainment (LGF.B), recently bought 200,000 shares of the company. The buy increased his holdings by 330 percent, and came to a total purchase price of just over $1.66 million. Insider data shows that company insiders have largely been buyers over the past two years, with only one insider buy back in 2019. Crawford in particular has been the company’s sole insider buyer of shares in 2020. All told, insiders own just over 2 percent ...
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A Down, But Not Out, Tech Play
While technology companies tend to move up and down in lockstep, there are always a few companies that buck the trend. That occurs as traders perceive a company as falling behind competitors. That may be true for a while, but the history of tech companies is a history of innovating and coming back into the market’s favor. With many tech stocks currently near all-time highs, one down-and-out play actually looks like it could provide strong future returns. That company? Intel (INTC). Shares ...
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Unusual Options Activity: Viacom CBS (VIAC)
Media giant Viacom CBS (VIAC) saw shares drop nearly two-thirds during the pandemic. Now largely recovered, at least one trader is betting on a renewed decline. That’s based on the March 2021 $35 puts. Nearly 14,000 contracts traded against a prior open interest of 254, for a 54-fold rise in volume. The options are also about $3 in-the-money, given the current share price of $32. The option buyer paid about $5.15 per contract. Shares of the company have been trading for less ...
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Insider Trading Report: Camping World Holdings (CWH)
Stephen Adams, a director at Camping World Holdings (CWH), recently bought 200,000 shares. The buy increased his total holdings by 400 percent, and came to a cost of just over $4.9 million. That follows on a number of insider buys from the company CEO in September, who paid anywhere from 2 to 15 percent more for the shares that he bought. Company insiders have been both buyers and sellers over the past year. Overall, the pattern of insiders selling at higher prices ...
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Security Software Adds a New Profitable Angle to this Big Tech Play
It’s often thought that the larger a company gets, the fewer paths it has to grow. In the case of technology, however, that’s not always the case. A tech company can add a new sector while maintaining old ones, allowing for much more growth potential than a non-tech company. For instance, one analyst sees one of the largest tech companies in the world boosting its size even further, by embracing security software. That growing niche is capable of adding $30 billion in ...
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Unusual Options Activity: Dish Network Corporation (DISH)
Communications firm Dish Network Corporation (DISH) saw a steep decline in shares from September into early November. Now a powerful rally is underway, and one trader sees it continuing. That’s based on the March 2021 $35 call options. Expiring in 123 days, the options are a bet that shares will rally at least another 10-15 percent. Over 12,550 contracts traded against a prior open interest of just under 400, for a 32-fold rise in volume. The trader paid about $3.08 for the ...
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