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Jon Najarian spoke on CNBC's "Fast Money Halftime Report" about unusual options activity in Weatherford International Plc (NYSE: WFT). The stock was trading more than 2.5 percent higher and options traders were buying the October 4.50 calls. Over 13,000 contracts were traded and the first block was huge. Najarian explained that an institutional trader was behind the first block and he decided to follow the trade. He is planning to hold the long position for two weeks.
Najarian also noticed that traders were buying the October 87.50 calls in Analog Devices, Inc. (NASDAQ: ADI). He said that 5,000 contracts were traded in one block. Najarian bought calls in Analog Devices and he is going to hold the position for two weeks.
Top 5 Safest Stocks To Own For 2018: International Paper Company(IP)
- [By WWW.KIPLINGER.COM]
International Paper Co. (IP) is the largest containerboard maker in the world. And lest you think theres no growth in this old-line industry, IP supplies 50% of Amazon.com, Inc.s (AMZN) need for cardboard boxes.
Top 5 Safest Stocks To Own For 2018: Tenneco Inc.(TEN)
- [By Ben Levisohn]
Shares of auto-part makers like Delphi Automotive (DLPH), BorgWarner (BWA), and Tenneco (TEN) are getting killed today, ostensibly due to an article in Automotive News. Wells Fargo’s Richard Kwas and team think Tesla Motors (TSLA) and its Model 3 deserve at least some of the blame:
Top 5 Safest Stocks To Own For 2018: Panhandle Royalty Company(PHX)
- [By Lee Jackson]
These companies also reported insider buying last week: Cidara Therapeutics Inc. (NASDAQ: CDTX), Ducommun Inc. (NYSE: DCO), HealthEquity Inc. (NASDAQ: HQY), Panhandle Oil and Gas Inc. (NYSE: PHX) and PolarityTE Inc. (NASDAQ: COOL).
- [By Lisa Levin]
Energy sector was the top gainer in the US market on Friday. Top gainers in the sector included Superior Energy Services, Inc. (NYSE: SPN), Panhandle Oil and Gas Inc. (NYSE: PHX), and SM Energy Co (NYSE: SM).
Top 5 Safest Stocks To Own For 2018: Cencosud S.A.(CNCO)
- [By Jim Robertson]
Today, our Under the Radar Moversnewsletter suggested shorting mid cap emerging markets retail stock Cencosud SA (NYSE: CNCO):
There are a couple of things going on here to lead us to a bearish conclusion, but the biggest of these is today’s cross under the 200-day moving average line (green) at $8.46. For a brief while it looked like this long-term moving average line was going to play a support role – as it often does – but today’s second selling effort broke its back. Now that the floor’s out of the way, the selling just got a lot easier.
- [By Javier Hasse]
“Right now, we are the only Latin American company in the retail segment, and the only ones with a real distribution chain assembled, selling in stores like Staples and others,” Caporale explained. “Stratasys, Ltd. (NASDAQ: SSYS)’s MakerBot had a few experiences in retail, but did not do very well: Cencosud SA (NYSE: CNCO)’s Jumbo supermarkets bought three printers [for its Argentina branch] and did not manage to sell any. The thing is, their machine costs about 90,000 Argentine pesos [about $6,000], and our machine goes for 32,000 pesos [about $2100].”
Top 5 Safest Stocks To Own For 2018: The Joint Corp.(JYNT)
- [By Monica Gerson]
Joint Corp (NASDAQ: JYNT) is estimated to post a quarterly loss at $0.28 per share on revenue of $4.13 million.
Synacor Inc (NASDAQ: SYNC) is projected to post a quarterly loss at $0.03 per share on revenue of $30.00 million.