Unusual Options Activity: Northern Oil & Gas (NOG)
Oil and gas exploration company Northern Oil & Gas (NOG) is up 35% over the past year, higher than the overall market. One trader is betting the outperformance will continue in the next six months. That’s based on the September $42 calls. 2,602 contracts traded compared to a prior open interest of 101, for a 26-fold rise in volume on the trade. The contracts have 183 days left until expiration. The buyer of the calls paid $2.30 to make the bullish ...
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Buy Now as the Fear Declines In This Space
Last year’s rising bond yields made many defensive, dividend-paying stocks sell off. That’s because their yields needed to move higher to match rising bond yields. That trend largely peaked last October, but many stocks are still well off their old highs, or still look like a value today. That’s especially true for food and snack companies. These stocks were also impacted by the early results of new weight-loss drugs and their uncertainty on sales. That fear is now subsiding. That’s led one ...
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Insider Activity Report: Ball Corp (BALL)
Daniel Fisher, President and CEO of Ball Corp (BALL), recently bought 3,869 shares. The buy increased his position by 3%, and came to a total cost of $247,767. This is the first insider activity since November, when the company COO also bought about $250,000 in shares. Going further back, three insiders were sellers earlier in 2023. One director sold over $8 million in shares. And two company executives made small sales with the largest around $200,000. Overall, Ball insiders own ...
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Unusual Options Activity: Valero Energy (VLO)
Oil and gas refiner Valero Energy (VLO) is up 26% over the past year, about in-line with the overall market. One trader sees shares surging in the months ahead. That’s based on the June $190 calls. With 93 days until expiration, 21,675 contracts traded compared to a prior open interest of 120, for a 180-fold rise in volume on the trade. The buyer of the calls paid $3.25 to make the bullish bet. Valero shares recently traded for about $166, meaning shares ...
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Buy Companies With Strong Earnings and Weak Guidance
Every company handles earnings season differently. Some companies will look to avoid big swings in earnings. Others won’t. And when it comes to guidance, some companies will always look at the glass as half full, others as half empty. When a company reports great earnings but is cautious on guidance, shares may sell off. If that happens, investors should get in, because over the long term, strong earnings are what drives shares higher. That situation just happened with software giant Adobe (ADBE) ...
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Insider Activity Report: Geo Group (GEO)
George Zoley, Chairman of the Board at Geo Group (GEO), recently bought 50,000 shares. The buy came to a total cost of $624,025, and increased his position by 1%. This marks the first insider buy at the company over the past two years. Two company executives and one director have been small sellers of shares over the past two years, with the largest insider sale coming to just over $107,000. Overall, Geo Group insiders own 5.1% of shares. The security and protection ...
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Unusual Options Activity: eBay (EBAY)
Online auction site eBay (EBAY) is up 24% over the last year, slightly lagging the overall market. One trader sees shares trending higher through the end of next year. That’s based on the January 2026 $50 calls. With 668 days until expiration, 4,709 contracts traded compared to a prior open interest of 212, for a 22-fold rise in volume on the trade. The buyer of the calls paid $10.70 to make the bullish bet. eBay shares recently traded for just over $52, ...
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Beat the Market With Companies that Meet These Three Criteria
Investors have a variety of ways to beat the market. One way is to look for oversold companies moving higher. Such companies tend to perform better over shorter periods of time. For stocks that can beat the market over a number of months to over a year, three criteria come into play. Such a stock needs to be cheap, hated by the market, and also trending higher. When those three criteria are met, big returns can follow. Today, payment company PayPal (PYPL) ...
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