Trading Tips Blog

Drug manufacturer Pfizer (PFE) has shed 35% over the past year amid a poorly-performing market for the pharmaceutical sector. One trader sees a rally in the coming weeks. That’s based on the May 10 $28 calls. With 28 days until expiration, 39,706 contracts traded compared to a prior open interest of 411, for a 97-fold rise in volume on the trade. The buyer of the calls paid $0.57 to make the bullish bet. Pfizer shares recently traded just over $26, so they ...
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Interest rates are likely to stay at their current level through the summer. That’s based on the latest economic data, showing inflation remains stubbornly high. That means investors looking for the best returns may not find it in growth stocks in the next few months. Until interest rates start to move lower, investors will likely see relatively better returns in more defensive stocks. These stocks tend to offer lower volatility, and tend to pay above-average levels of income. Amid defensive stocks, utility ...
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Alvin Libin, a major holder of Riley Exploration Permian (REPX), recently added 75,000 shares. The buy increased his holdings by 4%, and came to a total cost of $2,025,000. Libin was the last buyer with a 100,000 share buy back in September. Otherwise, company insiders have been sellers of shares. The largest sales have some from another major holder, although Riley’s President and CEO has also been a seller since the start of the year. Overall, Riley insiders own 20.0% of ...
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Copper producer Freeport-McMoRan (FCX) just hit a new 52-week high and is up nearly 22% over the past year. One trader sees further upside ahead for shares in the coming weeks. That’s based on the April 26 $57 calls. With 15 days until expiration, 10,570 contracts traded compared to a prior open interest of 112, for a 94-fold rise in volume on the trade. The buyer of the calls paid $0.28 to make the bullish bet. Freeport-McMoRan shares recently traded for ...
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The past few weeks have seen a market slowdown. Investors aren’t ready to throw in the towel on stocks right now, especially if interest rates may be on track to trend lower later in the year. That suggests that markets may be correcting from overbought levels by simply heading sideways over the next few weeks rather than crashing. And buying the top stocks during this period could position investors for the market’s next leg higher. That’s particularly true with semiconductor stocks. They’ve ...
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Castor Maritime, a major owner of Eagle Bulk Shipping (EGLE), recently added 169,635 shares. The buy increased the company’s stake by 12%, and came to a total cost of $10.65 million. This is the first insider activity at the company since last August, when a director bought and sold some shares, and the company CEO sold some shares. Going further back to June 2023, another major holder bought 181,422 shares for about $8.6 million. Overall, Eagle insiders own 29% of shares. The ...
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Korean semiconductor manufacturer Magnachip Semiconductor Corporation (MX) has slid 42% in the past year, far underperforming the chip space. One trader sees further downside for shares in the next five months. That’s based on the September $5.00 puts. With 163 days until expiration, 5,001 contracts traded compared to a prior open interest of 125, for a 40-fold rise in volume on the trade. The buyer of the puts paid $0.45 to make the bearish bet. Magnachip shares recently traded for about $5.35, ...
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Earnings season is starting up again, but some companies took a hit and still haven’t recovered. While the market’s rally has slowed recently, the long-term trend is higher. One simple strategy to play this trend is to look for companies that have taken a hit last earnings season. Especially if they play to trends that could lead to them moving higher in the months ahead. Those companies are ripe to trend higher . One potential play meeting that criteria is Carnival Cruise ...
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