The AI Chip Boom Has More Room to Run
For the past 15 months, AI stocks have boomed. And companies related to that trade have soared. While many of these chipmakers are hitting new highs, there’s still room to run. That’s being seen by continued strong earnings. That indicates customers continue to demand the hardware needed to run today’s data-intensive AI programs. And as long as earnings continue to remain strong, the rally can continue indefinitely. One sign of continued strength is from memory chipmaker Micron (MU). Shares soared following ...
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Insider Activity Report: Arbor Realty Trust (ABR)
William Green, a director at Arbor Realty Trust (ABR), recently bought 10,209 shares. The buy increased his stake by 7%, and came to a total cost of $132,026. This marks the first insider buy this year. Company insiders were substantial buyers last year, with a cluster of insider buys last November. That included purchases from the company CEO and CFO, who each bought shares in multiple transactions. Overall, Arbor Realty Trust insiders own 2.5% percent of shares. The mortgage REIT is up ...
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Unusual Option Activity: The Gap (GPS)
Retailer The Gap (GPS) has been a runaway winner over the past year, with a 205% rally. One trader sees shares climbing even further in the next four months. That’s based on the July $30 calls. With 116 days until expiration, 3,173 contracts traded compared to a prior open interest of 119, for a 27-fold rise in volume on the trade. The buyer of the calls paid $2.60 to make the bullish bet. Gap shares recently traded for about $28.50. The stock ...
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Companies Getting Big Funding Could Prove Big Winners
New technologies require massive amounts of capital for research, development, and production. The rise of AI-related trades also means that many chipmakers need to get better at making more advanced semiconductors, and more quickly. Companies in the sector working on that challenge are eligible for funding from the Chips Act, which is designed to increase semiconductor production in the United States and improve competitiveness. It could also be a sign that some chipmakers could be more successful in the years ahead. The ...
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Insider Activity Report: Advance Auto Parts (AAP)
Brent Windom, a director at Advance Auto Parts (AAP), recently bought 2,683 shares. The buy came to a total cost of $216,173, and is a new position for the director. The buy was followed up with a purchase of 310 shares from another director, who paid $21,168 to increase her position by 6%. These are the first insider buys of 2024. Last year, a number of company directors were buyers throughout the year, and a company EVP was also a buyer. Overall, ...
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Unusual Option Activity: Meta Platforms (META)
Social media giant Meta Platforms (META) is up nearly 150% over the past year. One trader sees further upside in the month ahead. That’s based on the April 26 $550 call options. With 35 days until expiration, 3,839 contracts traded compared to a prior open interest of 108, for a 35-fold rise in volume on the trade. The buyer of the calls paid $14.35 to make the bullish bet. Meta shares recently traded for about $500, so would need to rise about ...
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In a Changing Legal Environment, Look for the Beneficiary
Laws change all the time. And lawsuits may not change laws, but they can impact how they’re interpreted. When there’s a big change, some groups stand to profit, while others stand to see a loss. Recently, a lawsuit and settlement changed how real estate listings would be handled by real estate agents. That could drive down the commission costs for buying and selling a home. But it could also mean that another group may profit. That group is real estate websites geared ...
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Insider Activity Report: Dollar Tree (DLTR)
Daniel Heinrich, a director at Dollar Tree (DLTR), recently bought 1,000 shares. The buy increased his holdings by 19%, and came to a total cost of $127,850. This marks the first insider activity of the year. Insiders were generally buyers last year, including buys of over $1 million from the company CEO and $200,000 from the company CFO. A major holder also acquired a stake worth over $99 million. Overall, Dollar Tree insiders own 0.3% of shares. The discount retailer has ...
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