One of the more interesting situations in the investing world over the last couple of months concerns the fate of TikTok, the video streaming app that is hugely popular among teens. This is a target market that most companies are dying to have access to. TikTok is owned by a Chinese company called ByteDance, which […]
Options
Trade of the Week: Workhorse (WKHS)
Investors have been very high on electric vehicle companies so far this year. While Tesla (TSLA) gets the most press as the leader in the industry, there are several smaller players who have seen plenty of action. One of these companies is Workhorse (WKHS), which makes electric delivery vans. WKHS has gotten a lot of […]
Here’s the Trade on SLV For the Next Leg Up
After several weeks of slow and steady climbing, stocks have finally shown vulnerability over the past week. Tech stocks in particular have taken a pretty sizeable beating; however, most of the big-name tech companies are still solidly in the black for the year. Nevertheless, some of the best performers this year are seeing massive selling […]
Trade of the Week: Volatility
The market finally saw some active selling last week, with volatility climbing quite a bit higher. The iPath VIX Short-term Futures ETN (VXX) is one of the most popular ways to trade volatility. It covers the first two VIX futures contracts and tends to go up sharply when the market sells off. As you may […]
Here’s How Much Upside Is Left In SNAP
Despite the major stock indexes hitting record highs, this hasn’t been the easiest market to trade for many investors. For starters, value investors have been left in the dust. This is certainly a growth market; however, even growth stock investors may be struggling if they aren’t in the handful of outperforming industries. Most of the […]
Trade of the Week: Salesforce
One of the hottest stocks this past week was Salesforce.com (CRM). The software company recently posted huge earnings and was also added to the Dow Jones Industrial Average. Being added to the DJIA is a big deal for a stock because index tracking funds have to buy it to add it to their portfolios. This […]
NIO Stock Price Jumps and Has More Room To Run
A lot of attention has been paid to the big tech companies this year, and rightly so. Big tech is leading the market to record highs, despite what the coronavirus pandemic has done (and continues to do) to the global economy. Precious metals are another area getting a lot of space in the financial press. […]
Trade of the Week: Rocket (RKT)
A newly listed company is seeing a lot of unusual options activity. The company is Rocket Companies (RKT), which owns Rocket Mortgages and Quicken Loans. Despite not being around for very long (on the exchange), over 120,000 option contacts traded on one day last week. Most of the activity was on the call side, which […]
TWTR, ORCL, MSFT: Who’s Going to Buy TikTok?
Lost somewhat in the aftermath of the pandemic is that China and the U.S. are still in the midst of a trade war. It’s unlikely that there will be any sort of resolution until after the election, and even then, China/U.S. relations have a long way to go when it comes to trade issues. However, […]
Trade of the Week: Macy’s (M)
There was quite a bit of unusual options activity last week in Macy’s. The physical department store chain hasn’t been on the radar for most investors in years. In fact, department stores in general were seemingly going the way of the dodo, especially when the pandemic hit. However, M shares got a boost in recent […]