The CEO of Valvoline VVV, Samuel Mitchell purchased $519,500 of VVV stock with is own money this week. He purchased 25,000 shares at $20.78 per share.
Unusual Options Activity
Today some institution/fund purchased 8,930 contracts of March 15 strike calls (or the right to purchase 893,000 shares of Qualcomm at $60). This is a decent sized bet for this stock and contract as the open interest was just 2,329 prior to this purchase. Qualcomm QCOM reports earnings January 30.
Be in the know. 5 key reads for Wednesday…
- Cisco Is Heading for Serious Growth (Barron’s)
- The Oil Market Is Beaten Up. It Could Be Merger Time. (Barron’s)
- Goldman Sachs and Bank of America Earnings Are Adding Steam to the Rebound in Bank Stocks (Barron’s)
- U.K. Lawmaker Proposes Bills to Prepare for Second Referendum: Brexit Update (Bloomberg)
- Homebuilder sentiment turns higher in January after mortgage rates drop (CNBC)
Smart Money vs. Dumb Money
I came across two interesting articles yesterday. One stated that SocGen – a French Investment bank – was shuttering its commodities business (Bloomberg). I thought that it was interesting for them to be “selling” at the bottom of the commodities cycle. Continue reading “Smart Money vs. Dumb Money”
Quote of the day…
Unusual Options Activity
Today some institution/fund purchased 7,606 contracts of June 27 strike calls (or the right to purchase 760,600 shares of Starbucks at $27). This is a large sized bet for this stock and contract as the open interest was just 525 prior to this purchase. Nielsen NLSN reports in early February.
Be in the know. 7 key reads for Tuesday.
- Netflix (NFLX) is Raising U.S. Prices by 13% to 18% (Street Insider)
- JPMorgan (JPM) Misses Q4 EPS by 23c (Street Insider)
- Wells Fargo (WFC) Tops Q4 EPS by 2c (Street Insider)
- Raymond James Says Top MLPs May Be Poised for a Monster Year (24/7 Wall Street)
- Warning to Investors: Powell Is No Greenspan (Wall Street Journal)
- China to Ramp Up Efforts to Support Economy in 2019 (Barron’s)
- All Eyes on Corporate Guidance (Wall Street Journal)
Unusual Options Activity
Today some institution/fund purchased 10,100 contracts of February $60 strike calls (or the right to purchase 1,010,000 shares of Starbucks at $60). This is a large sized bet for this stock and contract as the open interest was just 1,408 prior to this purchase. Starbucks $SBUX reports on 1/24/19.
Dow 30 Earnings Estimates
In the spreadsheet above I have tracked the earnings estimates for the DOW 30. I have columns for what the 2019 and 2020 estimates (if available) were: 60 days ago, 30 days ago, and this weekend (1/11/19). The column Continue reading “Dow 30 Earnings Estimates”
Be in the know. 5 key reads for Monday…
- The Worst Might Be Over for FedEx Stock (Barron’s)
- Snap shares rise after Citi upgrades stock, citing better ad revenues (CNBC)
- Train Your Brain Like a Memory Champion (New York Times)
- Jessica Alba Shares the Routine That Helps Her Run the Multimillion-Dollar Honest Company (Entrepreneur)
- Former White House communications chief Anthony Scaramucci to appear in Celebrity Big Brother. (The Sun)