Like something out of a Hollywood caper, the Green Vault in Dresden was robbed of the Saxon Royal Collection, one of the most valuable collects of jewelry in the word.
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| |  Good morning, Monitoring unusual trades is a great way to get an idea of what's going on seemingly "behind the scenes" in the financial world. One trade last week was a $1.75 million options bet. The 5,000 contracts weren't for shares of any company, however, but for a commodity: Gold.
More unusual was the price point on the contract: $4,000 per ounce. That's almost triple the current price of the metal, and more than double the commodity's all-time high set back in 2011. With the trade ending in June 2021, someone will either be booking a seven-figure loss, or a massive gain. We like gold as a hedge trade, and a triple in this environment seems like a stretch… but a lot can happen in 18 months.
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 | DOW 28,051.41 | -0.40% | | |
| S&P 3,140.99 | -0.40% | | |
| NASDAQ 8,665.47 | -0.46% | | |
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| *As of market close |
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| • | U.S. markets declined in a short trading day Friday, but November was still the best month for stocks since June. | | | • | Oil prices slid heavily, down 5.1 percent to $55.17. | | | • | Gold saw a modest gain, rising 0.8 percent to $1,465. | | | • | Cryptocurrencies gained again, with Bitcoin rising 3.7 percent to $7,740. | | |
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| Two Companies Worth Buying this December | |
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Most investors are familiar with the concept of the Santa Claus rally—the tendency of stocks to rise during the holidays.
While there's some truth to that trend, there can be exceptions. Last year saw a market decline during the holidays.
A better trend to follow is that of "window dressing," the practice of funds buying stocks that went up this quarter.
» FULL STORY |
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| Insider Trading Reports: Discovery, Inc. (DISCA) | |
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David Wargo, director at Discovery, Inc. (DISCA), recently picked up 162,450 shares, paying just over $4.5 million. That increased his holdings to 487,000 shares.
Not to be outdone, John Malone, a director who also has a stake in the company over 10 percent, bought 2.67 million shares, paying just over $74.8 million. He now owns over 12.1 million shares.
While insider data shows some sales by company executives, those sales are small in comparison to these massive buys.
» FULL STORY |
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| Unusual Options Activity: Peloton Interactive (PTON) | |
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With ,18 days until expiration, the December 20th $36 call options on Peloton Interactive (PTON) saw a 20-fold rise in volume, from 127 open contracts to over 2,600.
As shares surged last week to $35, the option is merely $1 out-of-the-money, and a further rally could move it in-the-money.
However, at a price over $2.15 per option, the option buyer needs to see shares rise to over $38 to make money at expiration.
» FULL STORY |
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| TOP | | | NRG | 1.689% | | | | HPO | 1.465% | | | | CTL | 1.329% | | | | CF | 1.227% | | | | DXC | 1.056% | | | | BOTTOM | | | APA | 4.048% | | | | FTI | 3.385% | | | | DVN | 2.754% | | | | KSS | 2.711% | | | | HP | 2.299% | | | |
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| We have seen smaller crowds lined up outside stores as Black Friday shopping kicked off, indicating that early discounts and a surge in online buying, plus the bad weather in some parts of the country, has had an impact. |
- Jill Standish, senior managing director and head of retail at Accenture, on the smaller black Friday shopping crowds amidst record sales.  |
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