Look For Opportunities in the Commodity Space as Prices Pull Back
Commodities have had a strong performance this year. However, prices in everything from gold and silver to base metals have pulled back in the past few weeks. For investors interested in the long-term opportunity in the commodity space, it may be close to a buying point. That’s because the slight pullback in commodity prices has hit many commodity stocks even harder. With many of these stocks now in a correction off their recent highs, it may be time to buy. One potential ...
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Insider Activity Report: Community Financial System (CBU)
Dimitar Karaivanov, President and CEO of Community Financial System (CBU), recently bought 1,000 shares. The buy increased his stake by 5%, and came to a total cost of $43,520. This is the CEO’s second buy of the year, following a 1,000 share pickup in February, paying about the same price. Since then, one company director has sold 3% of his position. Going further back, insider buying far exceeded insider selling in 2023. Overall, CBU insiders own 1.3% of shares. The Syracuse-based ...
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Unusual Options Activity: Huntsman Corp (HUN)
Specialty chemical producer Huntsman Corp (HUN) is down 7% over the past year. One trader is betting shares will continue to trend down over the next two months. That’s based on the August $22 puts. With 58 days until expiration, 20,453 contracts traded compared to the prior open interest of 182, for a massive 112-fold rise in volume on the trade. The buyer of the puts paid $0.40 to make the bearish bet. Huntsman shares recently traded just over $23, so they ...
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Don’t Overlook AI Opportunities That Extend to Hardware
The best returns in the AI space have come from semiconductor designers and manufacturers. However, that’s just part of the hardware needed for AI programs to succeed. Investors have started to branch out, rewarding companies that make power distribution systems and server racks. That’s still just scratching the surface. New devices will be needed to best utilize AI systems, and building out the next generation of technology will expand the hardware investment opportunities even further. One such opportunity might be in Corning ...
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Insider Activity Report: LXP Industrial Trust (LXP)
Arun Gupta, a director at LXP Industrial Trust (LXP) recently bought 15,000 shares. The buy increased his stake by 30%, and came to a total cost just over $134,000. This marks the first insider activity of any kind at the industrial property REIT over the past two years. Overall, LXP insiders own 2.2% of shares, and institutions own nearly 96% of LXP shares. LXP Industrial shares have declined about 12% in the past year. While investors were once interested in industrial space ...
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Unusual Options Activity: JPMorgan Chase (JPM)
Wall Street megabank JPMorgan Chase (JPM) has rallied 35% in the past year, exceeding the returns of the overall stock market. One trader sees the potential for a further rally over the coming weeks. That’s based on the July 12 $205 calls. With 23 days until expiration, 13,453 contracts traded compared to a prior open interest of 314 for a 43-fold rise in volume on the trade. The buyer of the calls paid $1.10 to make the bullish bet. JPMorgan shares recently ...
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Creativity Will Win in the Next Phase of the AI Rollout
The first phase of the AI rollout was centered around generative AI. This is simply a prompt that users could provide questions to, and receive information from a database. Now, AI is already rapidly improving. One major change is the rise of better prompting. These tools can allow creative workers to generate images, and even videos from a prompt, far beyond the level of a text response. It’s also a strong sign for some companies. One big winner that we’ve noted before ...
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Insider Activity Report: Occidental Petroleum (OXY)
Berkshire Hathaway (BRK-A), a major holder of Occidental Petroleum (OXY), has made two recent additions to their stake. Over two trades in the past two weeks, the company has bought $258 million of Occidental shares. The most recent prior buy was back in February, the last time shares traded down to the low $60 range. With its latest stake, Berkshire now owns about 28% of Occidental. There have been no other insiders active over the last two years. Overall, Occidental insiders ...
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