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Bulls in the China Shop? Call Buyers Just Piled Into Alibaba

Bulls in the China Shop? Call Buyers Just Piled Into Alibaba

Most stocks have been under pressure lately, but there could be bulls in the China shop. E-commerce giant Alibaba (BABA) surged 15 percent to $119.62 despite the S&P 500 sinking more than 1 percent. The rally landed BABA at its highest closing price since February...

Can Marathon Oil Keep Running? At Least One Options Trader Thinks It Can

Can Marathon Oil Keep Running? At Least One Options Trader Thinks It Can

Marathon Oil is one of the top-performing stocks this year, and one big options trader is looking for the run to continue. Check out this large transaction yesterday in the Houston-based exploration and production company: Some 13,874 July 26 calls were sold for...

Options Alert: Bears Are Targeting a 30-Year Low in the Top Cruise Operator

Options Alert: Bears Are Targeting a 30-Year Low in the Top Cruise Operator

Travel stocks like cruise ships have accelerated lower in the past month, and yesterday the options flow turned bearish in the biggest operator. Carnival (CCL) was especially active, with more than 126,000 puts changing hands. That was triple the average in the last...

Chart of the Day: South American Energy Giant May Be Attempting a Breakout

Chart of the Day: South American Energy Giant May Be Attempting a Breakout

Emerging markets have mostly struggled lately as the U.S. dollar climbed. That may have created an opportunity in Brazilian energy driller Petrobras. Unlike other oil giants like Exxon Mobil and Chevron, PBR has barely moved in the last month as crude oil jumped....

Toast and Freshworks: Two New Disruptors Pull Back After Scorching IPOs

Toast and Freshworks: Two New Disruptors Pull Back After Scorching IPOs

Initial public offerings (IPOs) have been going strong as a series of disruptive technology firms hit the market. Two prominent names have pulled back sharply following big rallies last week: Toast (TOST) and Freshworks (FRSH). TOST is a nine-year old provider of...

Chart of the Day: More Upside in Advanced Micro Devices?

Chart of the Day: More Upside in Advanced Micro Devices?

Advanced Micro Devices rallied hard on strong results in late July. Now almost two months later, the chip stock may be ready for another move. Notice the slow and lazy pullback since early August, which resolved with a quick test under $100 on Monday. AMD came within...

Will the Fed Taper? It May All Come Down to Jobs

Will the Fed Taper? It May All Come Down to Jobs

The Federal Reserve could take a key step toward a pre-Covid reality at their meeting today. However, implementing the change will probably depend on the job market in coming months. The central bank has been purchasing $80 billion of Treasury bonds and $40 billion of...