Market Insights
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Options Alert: More Downside in SoFi?
SoFi Technologies has been sliding despite positive news, and one big options trader could be looking for more downside.
After Months of Weakness, Are Megacaps Ready for a Comeback?
Megacap growth stocks have lagged for a few months, but some investors may see potential for the tide to turn. The Nasdaq-100 led the market in the first half of 2024, powered by AI stocks like Nvidia (NVDA). It stalled in July as money shifted into sectors like real...
Options Alert: Has Nio Recharged its Batteries?
Nio has been sputtering for years, but some options traders seem to think the Chinese electric-car maker has recharged its batteries. TradeStation data shows call volume surging in the stock this month. Most of the increase came after the company reported record...
Options Alert: Bears Could Be Active in Social Media Stock
Snap plunged on weak results last month, and some options traders may be targeting further downside. Check out this unusual activity from yesterday in the social-media stock: More than 29,000 November 6 puts traded, mostly for $0.17. About 16,000 December 8 puts...
Tech Unwind Continues as Traders Wait for the Fed
Technology stocks are still falling as investors wait for big news events like inflation and the Federal Reserve. The Nasdaq-100 shed 5.9 percent of its value in the holiday-shortened period between Friday, August 30, and Friday, September 6. It was the biggest weekly...
Gasoline Futures Go on Sale as China Sputters and Saudis Cut Prices
Energy costs are falling on signs of weaker demand and increased supply. Several negative headlines appeared before and after the Labor Day weekend. First, Chinese manufacturing activity slowed more than expected to its worst level in six months. Then Reuters reported...
Bears Enter September in Retreat After a Dramatic August
Bears tried to hit the stock market in August, but were driven off by good news about the economy and earnings. The S&P 500 began last month with a sharp selloff, initially falling more than 9 percent below its July close. But sellers quickly evaporated and the...
Technology & Communication
Options Alert: Calls Surge in Flying Taxi Stock
Joby Aviation has jumped on a stream of positive headlines, and options traders are looking for more upside in the flying-taxi innovator. This unusual activity was detected yesterday in the company, which is developing battery-powered aircraft for an app-based...
Options Traders Are Looking for This Satellite Radio Stock to Blast Off
Sirius XM has gone nowhere for years, but now bullish options trades are building as the satellite-radio company partners with TikTok. Call volume has climbed steadily in the last week, according to TradeStation data. Today's top contract is the September 8 call,...
Apple Could Be Squeezing Toward a Breakout With New Features Unveiled at WWDC
Apple has been a frustrating stock for most of the year, but now it may be squeezing toward another rally. The first pattern on today's chart is its super-tight Bollinger bandwidth, which yesterday was the narrowest since December 2019. That could suggest price is...
Technical Alert: Death Cross in Netflix
The economy is reopening. People are going back to work. It's great news for a lot of stocks, but Netflix isn't one of them. Today, the streaming-video giant's 50-day simple moving average (SMA) closed at $513.97, or $0.53 below its 200-day SMA. That "death cross" may...
Junior Nasdaq Beating QQQ Again as Low Volatility Draws Risk Takers Away From Apple
Big-cap technology stocks like Apple are lagging again, even as investors start buying smaller companies on the Nasdaq. The chart below compares the Invesco Nasdaq Next Gen ETF (QQQJ) with the Invesco QQQ (QQQ). It shows percentage change, with hourly bars, since the...