Shifting Consumer Spending Trends May Boost This Industry Leader
Consumers have made some big shifts in recent years. The pandemic fueled spending on home goods and electronics. Then, consumers shifted away from buying those products in favor of services such as travel and tourism. Today, consumer spending is showing some signs of shifting. That shift indicates that consumers may be more price-conscious following inflation, meaning they’ll want to look for the lowest-priced bargains. That may explain why eBay (EBAY) is faring well here. The online auction leader just beat ...
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Insider Activity Report: Goosehead Insurance (GSHD)
Mark Miller, President and COO of Goosehead Insurance (GSHD), recently bought 5,000 shares. The buy increased his position by 33 percent, and came to a total cost of $369,275. He was joined by the company’s CFO, who bought a new position of 1,332 shares, valued at $99,714. And the company’s general counsel also made an initial buy of 1,000 shares valued at $73,460. Going further back, company insiders have generally been sellers of shares. Overall, Goosehead insiders own 7.9 percent ...
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Unusual Options Activity: Bumble (BMBL)
Dating app Bumble (BMBL) is down 45 percent over the past year, and sank 15 percent following earnings earlier this week. One trader sees further weakness ahead for shares in the coming weeks. That’s based on the April $10 puts. With 48 days until expiration, 39,751 contracts traded compared to a prior open interest of 1,067 for a 37-fold rise in volume on the trade. The buyer of the puts paid $0.30 to make the bearish bet. The company has struggled operationally ...
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This Out of Favor Brand Leader May Trend Higher
While stocks are still near all-time highs, many sectors of the market have lagged. Part of that is simply the excitement in the tech space. Another part is that many non-tech companies have high production costs and lower profit margins. Several of these companies now trade at a compelling discount to the overall stock market. And many also pay generous dividends, reflecting the power of their brands and the moderate growth opportunities ahead. For instance, Whirlpool Corporation (WHR) have sunk 22 percent ...
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Insider Activity Report: Caterpillar (CAT)
David Maclennan, a director at Caterpillar (CAT), recently bought 350 shares. The buy increased his position by 7 percent, and came to a total cost of $113,180. This marks the first insider buy since Maclennan bought 400 shares in February 2023, paying just under $100,000. Otherwise, company insiders have been moderate sellers of shares over the past two years, largely following the exercise of stock options. Overall, Caterpillar insiders own 0.2 percent of shares. The farm and construction equipment manufacturer is ...
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Unusual Options Activity: Automatic Data Processing (ADP)
Payroll processing company Automatic Data Processing (ADP) is up 15 percent over the past year, slightly underperforming the overall stock market. One trader sees further upside in the months ahead. That’s based on the April $270 calls. With 49 days until expiration, 3,731 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 $0.65 to make the bullish bet. ADP shares recently traded for about $251, so ...
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The Overlooked Part of the AI Chip Boom Is Getting a Closer Look
The rollout of artificial intelligence (AI) software over the past two years has led to a boom in those who create the software, as well as the hardware needed to run it. For the most part, the rollout has been based on cloud-based or computer services. However, the next iterations of AI will succeed because they’ll be usable on all sorts of devices, including mobile ones. That could mean a surge in chips capable of powering AI programs on smartphones. In this ...
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Insider Activity Report: Northwestern Energy Group (NWE)
Mahvash Yazdi, a director at Northwestern Energy Group (NWE), recently bought 1,000 shares. The buy increased the director’s stake by 7 percent, and came to a total cost of $48,800. This marks the sole insider activity at the South Dakota-based electric utility company over the past two years. There has also been no activity by major holders over the same timeframe. Overall, Northwestern insiders own 0.9 percent of shares. The utility has slid 15 percent over the past year. Rising interest ...
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