A Simple Way to Play the 2024 Crypto Rally
Cryptocurrencies have already had a great start to the year. But that rally isn’t over yet. Bitcoin is just days away from its halving, when the reward for mining the crypto is cut in half. Each of the prior halving events have seen a big price rally in the following months. Today, investors have plenty of ways to play this trend, from bitcoin and altcoins to bitcoin ETFs. But a big winner here may be the crypto exchanges themselves. These companies performed ...
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Insider Activity Report: Lennar (LEN)
Amy Banse, a director at Lennar (LEN), recently bought 1,575 shares. The buy increased her stake by 14%, and came to a total cost of $247,275. This marks the first insider activity since last October, when Banse was a buyer of $100,000 of shares. She made five additional buys in the past year. Other company insiders have been small sellers of shares over the same period. Overall, Lennar insiders own 2.6% of shares. The homebuilder is having a strong year, with shares ...
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Unusual Options Activity: V.F. Corporation (VFC)
Apparel manufacturer V.F. Corporation (VFC) is down 41% over the past year, and the trend points to further losses. One trader is betting the stock will continue to sink over the next 11 months. That’s based on the March 2025 $10 puts. With 339 days until expiration, 42,594 contracts traded compared to a prior open interest of 191, for a massive 223-fold rise in volume on the trade. The buyer of the puts paid $1.34 to make the bearish bet. V.F. Corp ...
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This Recession-Resistant Business Still Offers Big Upside Now
With the overall stock market slowing, investors should look to take profits in areas that have had large moves higher. And the proceeds should move to stocks still trending higher today. Typically, food and beverage companies are recession-resistant. But changing consumer tastes and higher food costs have largely weighed on this sector. One niche of this space, however, looks unaffected, and could continue to keep moving higher. The space is the spirits industry. Alcohol sales have remained robust, and beer sales are ...
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Insider Activity Report: Greif (GEF)
Gary Martz, General Council at Greif (GEF), recently bought 15,000 shares across two transactions. The buy increased his holdings by about 17%, and came to a total cost of just over $1,000,000. The buy comes a month after the company CFO bought 24,725 shares, paying just over $1.64 million to do so. The company CEO was also a buyer in early March, picking up about $329,200 in shares. There have been some smaller insider sales so far this year. Overall, Greif ...
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Unusual Options Activity: Citigroup (C)
Wall Street megabank Citigroup (C) is up 27% over the past year, just slightly ahead of the overall stock market. One trader sees a potential pullback in shares in the coming weeks. That’s based on the May 10 $60 puts. With 24 days until expiration, 4,480 contracts traded compared to a prior open interest of 107, for a 42-fold rise in volume on the trade. The buyer of the puts paid $1.70 to make the bearish bet. Citigroup shares recently traded for ...
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Niche Markets Can Lead to Great Returns Over Time
Companies exist in a competitive landscape. An idea that’s highly profitable tends to attract competition. But there’s also so much that the market can bear. That’s why new technologies tend to attract a number of startups that consolidate over time. The end result can be a few industries where just one company has a strong niche over that of competitors. That company tends to make good returns, but also has the market dominance to ward off new competitors. One such company is ...
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Insider Activity Report: GameStop (GME)
Lawrence Cheng, a director at GameStop (GME), recently added 10,000 shares to his holdings. The buy increased his stake by 16%, and came to a total cost of $112,238. Cheng was the last insider buyer with a 6,000 share pickup back in September. Another company director was also a buyer of 15,000 shares on the same day. There have been some sales by the company’s general counsel and another executive in the intervening months. In total, GameStop insiders own 12.8% of ...
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