Saturday, November 23, 2024
Looking at options block trades can be a useful way to see what big investors and funds are doing in the options market. Recently, a large trader bought 2 million shares of Bank of America (BAC) while selling 20,000 January calls at the same time. This is likely a covered call trade and suggests that […]
In its latest earnings report, Nike (NKE) reported a 36% increase in digital sales. In a press release accompanying the earnings release, President and CEO John Donahoe said, “We know it’s in times like these that strong brands get even stronger.” I tend to agree with Mr. Donahoe. I’ve written about several new names that […]
Since April 2020, FATE stock rocketed from a low of $19.92 to $35.23, as it moves progresses with cellular immunotherapies for cancer and immune disorders. Just days ago, FATE announced the U.S. FDA cleared its investigational new drug (IND) application for FT538, the first CRISPR-edited iPSC-derived cell therapy. FT538 is an off the shelf natural […]
The reopening of closed business in the U.S. has started in anticipation of today’s Memorial Day Holiday. The trend will accelerate as we move into the summer months. However, don’t expect every company to bounce back to what it was before the crisis. Many industries will suffer long-lasting effects from the shutdown. Others may benefit […]
Over the last two decades, the investment landscape has been dramatically altered by two trends. The first is the shift from single stock and mutual fund investing into exchange-traded products (primarily ETFs). The second is the emergence of volatility as an asset class. First off, ETFs opened the door for the average investor to trade […]
Jeff Bezos could become the founding member of the “Four Comma Club” Recently, one of my favorite financial writers, Barbara Kollmeyer of MarketWatch, wondered if Jeff Bezos could become the world’s first trillionaire. It’s not so outlandish a thought. The CEO of Amazon is already one-seventh of the way there. To grow your fortune by […]
Shares of electric vehicle maker, Nio (NIO) have faced plenty of pressure this year. Most recently, on news China will cut subsidies on new energy vehicles, such as electric cars by 10% this year. Under China’s new plan, it will also extend subsidies for buying NEVs to 2022, and tax exemptions on purchases for two […]
Last week (May 11-15), prices for precious metals spiked higher. In just a week, gold gained 2.7% and silver climbed by 6.5%. But don’t think that you missed your chance. The recent gains are likely to be just the start of a strong run-up in precious metals value. The macro-economic factors now coming to the […]
Precious metals are generally used as defensive assets in times of uncertainty. This has certainly been true of gold in recent weeks. Now, it looks like silver may finally be joining the party. Silver prices jumped last week, with the iShares Silver Trust (SLV) moving up 5% in one day. With $7 billion in assets, […]
In the years before the novel coronavirus, stocks in the travel industry—such as airlines and cruise ship companies—could be counted on for attractive yields and growing dividends. Of course, you are surely aware that cruise lines are shut down, and the airline business is off 90%. The question now is: what are the prospects for […]
