15689

This Stock Could Soar as the Economy Nails the Soft Landing

Investors are gravitating towards the idea that the Federal Reserve is pulling off a soft landing. Aggressively raising interest rates is pushing inflation back down. But it’s doing so at a rate that isn’t leading to a recession. Ideally, that creates a scenario where the economy can continue to grow from a low-inflation base. That’s played out before, when the Fed’s moves in the early 1990s led to a soft landing that allowed the economy to take off in the late ...
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15690

Insider Activity Report: Carriage Services (CSV)

Charles Fargason, a director at Carriage Services (CSV), recently bought 6,000 shares. The buy increased his stake by 70%, and came to a total cost of $153,480. That adds to another buy from the director a few weeks prior for 5,000 shares, which cost $130,500. Insiders were mostly buyers of shares in 2022, including buys from the company’s COO and CFO. Otherwise, company insiders have generally been sellers of shares this year, largely following the exercise of stock options. Overall, Read More About This
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15692

Unusual Options Activity: Wynn Resorts (WYNN)

Resort and casino operator Wynn Resorts (WYNN) has been trending higher in recent months, but shares are still down 6% over the past year. One trader sees shares pulling back over the next few weeks. That’s based on the May $95 puts. With 52 days until expiration, 6,516 contracts traded compared to a prior open interest of 117, for a 56-fold rise in volume on the trade. The buyer of the puts paid $2.46 to make the bearish bet. Wynn shares recently ...
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15685

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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15686

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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15687

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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15680

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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15682

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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