Market Insights
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Options Alert: Record Volume in Tech Stock
Teradyne has been plunging for almost a year, and yesterday it had record options volume. A single large transaction accounted for most of the activity in the company, which supplies testing equipment for semiconductors and robotics: Some 29,383 June 70 puts traded...
Options Alert: Call Buyers Are Piling Into This Recent Tech IPO
Roblox was a prominent IPO in the spring. Now, after a rally and pullback, the bulls seem to be returning. Options traders purchased about 12,000 short-term 13-August 85 calls this morning. Premiums started at $0.40 and quickly shot above $2 as the orders piled in....
Stocks Keep Rising. Are Investors Shifting Back Toward Value Plays Like Financials?
The S&P 500 rose to a new record high last week, and investors could be positioning for another shift toward value stocks. The index advanced 0.9 percent between Friday, July 30, and Friday, August 6. Financials led the rally and had their best week relative to...
Fee Burning Comes to Ethereum, Tightening Supply of the No. 2 Cryptocurrency
Ethereum is surging as the world's No. 2 cryptocurrency takes the first step in a series of major upgrades. At 8:33 a.m. ET today, the London hard fork took effect at block number 12,965,000. The transition, which began testing in June, implements five changes. The...
Technical Analysis: Coffee Giant Breaks Out, Then Pulls Back
Restaurant stocks had a big surge last month thanks to Chipotle Mexican Grill's (CMG) monster quarter. Starbucks (SBUX) went along for the ride and has now pulled back. The main thing on today’s chart is SBUX’s gentle retest of $118. That was an old high from April....
Options Traders Take Profits, Look for More Gains as Athletic Retailer Jumps
Under Armour jumped on strong results this week, and options traders are looking for the move to continue. At least two bullish transactions were detected in the apparel stock today. Both will profit from further gains this month. First, a block of 2,106 6-August 23...
Climbing a Wall of Worry, Stocks Just Did Something Highly Unusual
The S&P 500 just did something highly unusual: It had two consecutive "outside days." That's when prices make a lower low and a higher high than the previous session. It's often considered a reversal pattern, which makes the activity so interesting. It was only...
Technology & Communication
Technical Analysis: Is This Social Media Stock Overbought After an Earnings Rally?
Snap had a sharp rally on February 4 after quarterly results beat estimates. But now its longer-term downtrend may be reasserting itself. The first pattern on today’s chart is the stochastic oscillator. It’s swinging back to the downside after jumping into overbought...
In Case You Missed All the IPOs
Technology has dominated IPOs recently, but some energy names and a yoga-themed hotelier have also surged of late.
Don’s Notebook May 1, 2018
The Institute for Supply Management (ISM report) came in lower than Street consensus at 57.3 (vs. estimates of 57.5-60.) This survey asks purchasing managers about the general direction of production, new orders, order backlogs, their own inventories, customer...
Bulls Return to Gaming Space: Options Recap
Two weeks ago, a options traders were bullish in a slot-machine maker. Yesterday, a similar transaction lit up a race-track and casino operator. Traders bought 6,000 June 31 calls in Penn National Gaming (PENN) for $1.25 in the middle of the afternoon. A block of...
IPOs come roaring to life
April is shaping up to the best month for initial public offerings in years. Data from ClickIPO shows over $10 billion of new equity entered the market in April. That's the most since September 2014. Combined volume in the first four months of the year also stands at...