Cost Plus World Market

The market opened with a dip on Friday, but bulls were quick to bid it back up. That said, let’s have a look at a few top stock trades. Top Stock Trades for Monday No. 1: Bed Bath & Beyond (BBBY) Click to EnlargeSource: Chart courtesy of TrendSpider You remember our good friend Bed Bath & Beyond (NASDAQ:BBBY), right? This one has been flagged multiple times, in a newsletter and even selected as a stock of the year candidate. Well, BBBY stock just keeps on going, as its short interest has fueled a strong move to the upside.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Earlier this year, shares shook off a disappointing earnings reaction after breaking out over resistance. The rise has been impressive since, as shares powered through the prior 2020 highs near $26. 7 Great Sub-$20 Stocks to Buy After Inauguration Day Now hitting the 161.8% extension of the recent range (within a penny!), BBBY stock is backing off a bit. From here, I want to see $25 to $26 act as support. Over Friday’s high, and a run toward $40 is possible. Top Stock Trades for Monday No. 2: Palantir (PLTR) Click to EnlargeSource: Chart courtesy of TrendSpider Palantir (NYSE:PLTR) has been flirting with a move to the upside for more than a week, tantalizing traders in the process with its false moves higher. First $27.50 rejected a big rally. Then $28. Finally, shares powered up on Friday, bursting through the weekly-up trigger (at the previously mentioned $28 mark), and pushed through clear resistance at $29. Now it’s contending with the December high near $31.25. A close above it puts the highs in play at $33.50. Above that, and we could see an extension up toward $40. On the downside, though, I now want to see $29 to $30 act as support. Top Stock Trades for Monday No. 3: FuboTV (FUBO) Click to EnlargeSource: Chart courtesy of TrendSpider FuboTV (NYSE:FUBO) gave us exactly what we were looking for this week. On Thursday, the stock cleared the two-day high at $32.50 after a low-volume pullback, ripping to the 20-day moving average in the process. Now pushing over that mark, the stock is potentially setting up for a strong inside-and-up week next week. In plain English, this week’s range is within the prior week’s range — that’s the “inside” part — while the “and up” part requires a move over this week’s high (which will be set on Friday). Over the prior week’s high at $40.40 puts the gap-fill in play at $42.82. Above that could put the squeeze on, potentially putting $50-plus on the table. I don’t want to be too aggressive, though. 10 E-Commerce Stocks That Are Leading the Charge Into Digital On the downside, however, look for the 10-week and 50-day moving averages to continue holding as support. That support level earlier this week combined with the tight two-day range gave traders something to work with and it paid off big time. Now let’s see if it can continue. Top Trades for Monday No. 4: Oracle (ORCL) Click to EnlargeSource: Chart courtesy of TrendSpider Oracle (NYSE:ORCL) caught a nice rally off the lows on Friday, bouncing from the 100-day moving average. Still, it ended lower on Friday after a downgrade from Goldman Sachs. Next week, I want to see Oracle regain the 50-day and 10-week moving averages, as well as that key $61.86 mark. If these levels are resistance, the 100-day moving average may be back on the table, as well as the potential for more downside. Above them will put the 21-day moving average in play, followed by a possible push to the $65 area — although that’s some high expectations for the moment. On the downside, though, a full-on break could put the $56.50 area on deck. On the date of publication, Bret Kenwell held a long position in BBBY. Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. More From InvestorPlace Why Everyone Is Investing in 5G All WRONG Top Stock Picker Reveals His Next 1,000% Winner It doesn’t matter if you have $500 in savings or $5 million. Do this now. The post 4 Top Stock Trades for Monday: BBBY, PLTR, FUBO, ORCL appeared first on InvestorPlace. […]

Shares of Bed Bath & Beyond (NASDAQ: BBBY) were soaring over 10% higher in afternoon trading Thursday on no specific company news, though it may be that investors who heavily shorted the stock are covering their positions. The Motley Fool has a disclosure policy. […]

Bed Bath & Beyond (NASDAQ:BBBY) shares experienced unusual options activity on Thursday. The stock price moved up to $25.95 following the option alert. * Sentiment: BULLISH * Option Type: SWEEP * Trade Type: CALL * Expiration Date: 2021-02-19 * Strike Price: $25.00 * Volume: 125 * Open Interest: 3806Three Signs Of Unusual Options Activity Extraordinarily large volume (compared to historical averages) is one indication of unusual options market activity. Volume refers to the total number of contracts traded over a given time period when discussing options market activity. Open interest is the number of unsettled contracts that have been traded but not yet closed by either counterparty. In other words, open interest represents the quantity of contracts that individual parties have written but not yet found a counterparty for (i.e. a buyer finding a seller, or a seller finding a buyer).Another sign of unusual activity is the trading of a contract with an expiration date in the distant future. Usually, additional time until a contract expires allows more opportunity for it to reach its strike price and grow its time value. Time value is important to consider because it represents the difference between the strike price and the value of the underlying asset.Contracts with a strike price far from the underlying price are also considered unusual because they are defined as being "out of the money". This occurs when the underlying price is under the strike price on a call option, or above the strike price on a put option. These trades are made because the underlying asset value is expected to change dramatically in the future, and the buyer or seller can take advantage of a greater profit margin.Understanding Sentiment Options are "bullish" when a call is purchased at/near ask price or a put is sold at/near bid price. Options are "bearish" when a call is sold at/near bid price or a put is bought at/near ask price.These observations are made without knowing the investor's true intent by purchasing these options contracts. The activity is suggestive of these strategies, but an observer cannot be sure if a bettor is playing the contract outright or if the options bettor is hedging a large underlying position in common stock. For the latter case, bullish options activity may be less meaningful than the exposure a large investor has on their short position in common stock.Using These Strategies To Trade Options Unusual options activity is an advantageous strategy that may greatly reward an investor if they are highly skilled, but for the less experienced trader, it should remain as another tool to make an educated investment decision while taking other observations into account.For more information to understand options alerts, visit https://pro.benzinga.help/en/articles/1769505-how-do-i-understand-options-alertsSee more from Benzinga * Click here for options trades from Benzinga * 10 Consumer Discretionary Stocks With Unusual Options Alerts In Today's Session * 12 Consumer Discretionary Stocks Moving In Thursday's Intraday Session(C) 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved. […]

Bed Bath & Beyond (BBBY) completes the sale of Cost Plus World Market, marking another step in its efforts to streamline its portfolio. […]

Yahoo Finance’s Brian Sozzi, Julie Hyman, and Myles Udland discuss how businesses will function under the Biden administration.  […]