Market Insights
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Options Alert: Large Upside Trade in Quantum Stock
Rigetti Computing just broke out, and options traders adjusted a large bullish position.
Options Alert: Giant Trade Thinks Automaker Is Stuck In Neutral
Traders usually buy options to position for a stock moving, but just the opposite happened in the No. 2 U.S. automaker yesterday. Check out this activity in Ford Motor (F): An investor sold 83,000 29-July 12 puts for $1.06.At the same time, he or she sold an equal...
Chart of the Day: This Drug Developer Rallied and Now It’s Pulled Back
United Therapeutics spent more than a year consolidating around its 2015 highs. Now the biotech may be attempting a breakout. Notice the surge to new all-time highs late last month. The rally followed news that the Food & Drug Administration approved its Tyvaso...
No More Mister Nice Guy? Market Sinks as Jerome Powell Brings Out the Big Guns
Stocks plunged last week as the Federal Reserve got more hawkish, and there could be signs its tough policies are starting to work. The S&P 500 tanked 5.8 percent between Friday, June 10, and Friday, June 17. It was the biggest weekly decline since March 2020,...
Takeovers, Approvals, Drug Data: Positive News Grows as Biotechs Hold March 2020 Lows
Biotechnology stocks have pulled back dramatically, but positive news has been growing as the sector tries to stabilize at a historic level. Positive news has emerged on several companies in the industry, including takeovers, regulatory approvals and drug-trial data....
Options Traders Are Hedging After FedEx’s Historic Move
Big things are happening at FedEx, and one options trader is hedging against a small pullback. A block of 1,280 June 235 puts were purchased yesterday in the delivery company for $3.99. A matching number of June 225 puts were sold at the same time for $1.25, resulting...
Stocks Cross the Line Into ‘Bear Market’ as Inflation Worries Peak Before Pivotal Fed Meeting
Wall Street fell into a "bear market" on Monday as inflation worries inflicted broad damage across the S&P 500. Consider these facts about the selloff: The S&P 500 closed at 3750. That's 22 percent below its January high of 4819, crossing the 20 percent line...
Technology & Communication
Chart of the Day: Alphabet Pulls Back After Earnings Rally
Alphabet jumped to a new 52-week high on strong results last week. Now it may be giving trend followers a potential opportunity. The first pattern on today’s chart is the bullish gap on July 26 after revenue beat estimates and its Cloud business surprised to the...
Nasdaq-100 E-Minis: Contract of the Week
The "Nasdaq." Few words better represent the most innovative parts of the economy. Did you know the entire Nasdaq market can be traded virtually any time with CME's Nasdaq-100 futures? Like CME's S&P 500 E-minis, Nasdaq futures are active from Sunday night through...
Here Comes Lyft and Other Major IPOs
Two major companies are coming to market as investors await some of the highest-profile technology deals ever. Ride-sharing giant Lyft will file for an initial public offering (IPO) as early as next week, according to The Wall Street Journal and Bloomberg. Management...
New Names Keep Popping Up: Earnings This Week
Unusual companies advanced following their quarterly results in the last week, continuing a trend this earnings season. Consider Garmin (GRMN) and Arista Networks (ANET), the two biggest gainers in the S&P 500 since our last review. GRMN, a one-time leader in GPS...
Esports IPO Coming to Market Next Week
Esports are the latest thing in tech, and the first company dedicated to the field is going public next week. Super League Gaming (SLGG) plans to raise $25 million via an initial public offering (IPO) on Tuesday, February 26. There will be about 2.7 million shares...