Trade of the Week: MFIN

Trade of the Week: MFIN

Medallion Financial (MFIN) is a credit services company that made its name through taxi medallion financing in New York City. It has since diversified its businesses as ride sharing has become mainstream, and the stock has done well so far in 2023. However, a large trader or fund bought thousands of March 5 puts last […]

How My Favorite Income Idea Became Internet Famous

How My Favorite Income Idea Became Internet Famous

I keep track of the income-focused investments other writers recommend across the Internet. It is interesting to see what they report when one of my Dividend Hunter recommendations becomes a “hot idea” in the financial press. Recently, at least a half dozen writers on Seeking Alpha have written (mostly positive) articles about one of these […]

Rio Tinto is Paying Off Big-Time for Investors

Rio Tinto is Paying Off Big-Time for Investors

In perhaps the most famous line from the mid-1980s television show The A-Team, A-Team leader Colonel John “Hannibal” Smith (George Peppard) often said: “I love it when a plan comes together”. Apparently, Hannibal Smith retired from the A-Team to join the executive team at the global mining giant, Rio Tinto PLC (RIO), because the company’s […]

Is Google Set For A Rebound?

Is Google Set For A Rebound?

2022 was a tough year for internet search giant, Alphabet (GOOGL). Could the share price recover in 2023? At least for the next 3 months, one trader or fund thinks the stock has over 10% upside potential. The trader placed a large block of covered calls, which allows for about $12 of upside in the […]

How to avoid big drawdowns in your portfolio in 2023

How to avoid big drawdowns in your portfolio in 2023

Last year, if you held your stocks… You’re likely sitting on double-digit losses over a 12-month timeframe.  Drawdowns in your portfolio can be crippling to your future wealth and income.  If you lose 50% of your portfolio… it requires a 100% return to get back to even.  As you can imagine, losing 50% is much […]

The World’s Best Investors You’ve Never Heard Of

The World’s Best Investors You’ve Never Heard Of

You’ll see them every year, right after all the market predictors are done with their end-of-year foolishness: countless articles that advise you to buy what the world’s best investors are buying. The problem is that most of those advising you to “buy what the world’s best investors are buying” have no idea who the best […]

The Best Income ETF for Canadian Investors

The Best Income ETF for Canadian Investors

I have a number of Canadian subscribers who often ask me for high-yield Canadian stock ideas—most recently, for an ETF that trades on the Toronto Stock Exchange. Now, for American income investors, and Canadians willing to deal with the hassle that comes from cross-border investing, I’ve covered several over the past few months. But for […]

Trade of the Week: Silver

Trade of the Week: Silver

 A large options block trade in iShares Silver Trust (SLV) made last week could be what is known as a collar trade. SLV is the most popular ETF for trading silver and is generally very active when it comes to options. Two very large blocks of puts and calls traded tied to stock (expiring in […]