919 days ago
AVIS has seen a crazy increase of its stock price in the past month, climbing from $90 to above $120. This is likely due to a higher rate of vaccination leading to people going on vacations and renting more cars for trips. Source: Forbes
919 days ago
For the very first time in financial markets history, options activity is on track to surpass activity on the stock market. Indeed, nine out of ten of the most active call options trading days in history took place in 2021. 39 million contracts have exchanged hands on the average day this year, up 31% from 2020. This month, around US single-stock options with a value of roughly $6.9 trillion have changed hands, well above the $5.8 trillion in stocks that traded during the same period. Source: Wall Street Journal
919 days ago
The iShares MSCI USA Momentum Factor ETF (MTUM) tracks outperforming stocks in the recent months. It just climbed for the fifth day in a row, surpassing the August peak to hit a fresh high. The biggest helper in the portfolio was Tesla, top holding at 2.2%, registering gains for 14 out of 16 sessions. Source: Bloomberg
920 days ago
We often think of FedEx first, but their $450 million year over year cost increase and 7% decline in quarterly profits are making shares go down. While it is maintaining its position in the top 3, it is rather unlikely that it will challenge UPS or Deutsche Post anytime soon. The next few months will be challenging for courier companies as the holiday season is approaching, and the delta variant remains a threat. Source: Statista, Companies Market Cap
920 days ago
Investors buy call options when they believe that the price of a stock will rise. What people do not always see is that Wall Street companies that sell these options often buy the shares to hedge their position, which contribute to rising market prices. This reinforcing loop can be dangerous. Source: The Wall Street Journal
