Today some institution/fund purchased 10,324 contracts of July 50 strike calls (or the right to buy 1,032,400 shares of Etrade ETFC at $50). The open interest was just 556 prior to this purchase. Continue reading “Unusual Options Activity”
Insider Buying
Be in the know. 7 key reads for Monday…
- Oil hits 2019 high near $64 on Venezuela sanctions, OPEC (CNBC)
- BNP Paribas: China’s economy could recover in 2H of 2019 (CNBC)
- Fed’s Kashkari: Rate hike pause keeps U.S. growth on track (Reuters)
- What the CEO of America’s Largest Mall REIT, Simon Property Group, Just Said about the Brick & Mortar Meltdown and How it’s Trying to Manage It (Wolf Street)
- Steve Jobs Motivational Speeches Compilation with Music – Best Advice for Entrepreneurs (You Tube)
- Will Trump try to take a detour though Texas? (American Thinker)
- This crypto exchange can’t repay the $190 million to customers because the CEO died with the only password (Business Insider)
Bullish Percent – What it says about the Nasdaq Composite right now…
Right now, the “Bullish Percent” Nasdaq composite index is coming in at just 43.61%. The above chart is the “Bullish Percent Index” for the Nasdaq Composite (red and black line) with the Nasdaq Composite Index in the background (all black line). Continue reading “Bullish Percent – What it says about the Nasdaq Composite right now…”
Be in the know. 7 key weekend reads…
1. ‘Punxsutawney Phil’ predicts winter blast will soon end (Reuters)
2. My Mother Was a Betting Woman (New York Times)
3. Trump: ‘Good chance’ he will declare emergency for wall money (Yahoo)
4. Can the Fed Stave Off the Next Recession? (Barron’s)
5. Someone’s Making a Big Bet on a Border Wall (Barron’s)
6. Opinion: The evidence is in: Stocks are in a ‘bull trap’ (Market Watch)
7. Crypto Is Over: Paris Fintech Summit Returns to Disrupting Banks (Bloomberg)
Insider Buying
On 1/28/19, Huntley Garriott – the President of Live Oak Bankshares, Inc. (LOB) – purchased 20,000 shares of stock at $13.82 for a total out of pocket purchase of $276,400. Other insiders added ~$127,000 of purchases in the same 24 hour period.
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Earnings update. Due for a rest?
Per FactSet, eps and revenues continue to beat by 70% and 62% respectively – after 46% of S&P 500 having reported Q4 earnings so far. Guidance is a bit light but 2019 eps estimates remain ~$170 per share. We may need a few weeks of rest to consolidate the January gains. Here is why: Continue reading “Earnings update. Due for a rest?”
Be in the know. 5 key reads for Friday…
- The economy adds 304,000 jobs in January, smashing expectations as the unemployment rate rises (Business Insider)
- Chevron shares rise as quarterly profits beat Street forecast (CNBC)
- Amazon Posts Record Earnings But Stock Falls (CFO)
- Exxon Mobil’s fourth quarter profit tops estimates as volumes rebound (Reuters)
- Where’s The Progress On Trump’s China Trade Talks? (Forbes)
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Unusual Options Activity
It looks like someone is fading the “good news” from GE this morning.
Today some institution/fund purchased 123,300 contracts of March 8 strike put (or the right to short 12,330,000 shares of General Electric GE at $8). Continue reading “Unusual Options Activity”
Insider Buying
Yesterday, Richard Kinder – Executive Chairman of Kinder Morgan KMI – purchased 65,260 shares of his company’s stock at $17.95/share for a total out of pocket cost of $1,171,410. This is on top of $8,776,500 he purchased Continue reading “Insider Buying”