Education

Insider Buying Week 01-30-26

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Name: David N. Farr Position: Director Transaction Date: 01-30-2026  Shares Bought: 1000 shares an average price paid of $304.00 for a cost of $304,000  Company: International Business Machines Corp. (IBM) International Business Machines Corporation and its subsidiaries provide integrated solutions and services throughout the Americas, Europe, the Middle East, Africa, and Asia Pacific. It operates in four segments: software, consulting, infrastructure, and finance. The software segment provides hybrid cloud and AI solutions that enable clients to achieve digital and AI transformations across their apps, data, and environments. Its consulting division integrates talents for strategy, experience, technology, and operations across domains … Read more

Insider Buying Week 01-23-26

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Name: Teyin M. Liu Position: Director Transaction Date: 01-13-2026  Shares Bought: 23,200 shares an average price paid of $337.14 for a cost of $7,821,723 Company: Micron Technology Inc. (MU) Micron Technology Inc. is a global provider of memory and storage solutions that operates in the United States, Asia, and other foreign markets. The corporation is divided into four segments: Cloud Memory, Core Data Center, Mobile and Client, and Automotive and Embedded Business Units. Micron provides a diverse portfolio of memory products, including DRAM components and modules, LPDDR, graphics and high-bandwidth memory, CXL-based solutions, and breakthrough NAND and DRAM technologies. Its … Read more

Insider Buying Week 01-16-26

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The change is coming. The current low VIX is just the quiet before the cannon fire. Be ready to trade the chaos, not be consumed by it. You can be an insider, too– by clicking here Name: Teyin M. Liu Position: Director Transaction Date: 01-13-2026  Shares Bought: 23,200 shares an average price paid of $337.14 for a cost of $7,821,723 Company: Micron Technology Inc. (MU) Micron Technology Inc. is a global provider of memory and storage solutions that operates in the United States, Asia, and other foreign markets. The corporation is divided into four segments: Cloud Memory, Core Data Center, … Read more

Insider Buying Week 01-09-26

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Whatever I write up here stands the chance of being obsolete by the weekend with Limelightin lovin Trump.  But when the headlines die down and you drift back to the business logic, it’s insiders that carry the water more often than not. So when the hell and furry settle, you’ll ask yourself what did Trump say that was full of sound and fury, signifying nothing, ? Go back and look at the insider trades Name: David M. Boitano Position: EVP & CIO Transaction Date: 12-31-2025  Shares Bought: 10,000 shares an Average Price Paid of $34.44 for Cost: $344,400 Company: LTC … Read more

Insider Buying Week 01-02-26

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Whatever I write up here stands the chance of being obsolete by the weekend with Limelightin lovin Trump.  But when the headlines die down and you drift back to the business logic, it’s insiders that carry the water more often than not. So when the hell and furry settle, you’ll ask yourself what did Trump say that was full of sound and fury, signifying nothing, ? Go back and look at the insider trades Name: John Rakolta Jr. Position: Director Transaction Date: 12-24-2025  Shares Bought: 15,000 shares an Average Price Paid of $72.18 for Cost: $1,082,700 Company: Agree Realty Corp. … Read more

Insider Buying Week 12-26-25

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Name: Harry L. You Position: Director Transaction Date: 12-18-2025 Shares Bought: 1,000 shares an Average Price Paid of $325.13 for Cost: $325,129 Company: Broadcom Inc. (AVGO) Broadcom Inc. is a global designer, developer, and supplier of semiconductor devices and infrastructure software. The company operates in two segments: Semiconductor Solutions and Infrastructure Software. The company’s semiconductor portfolio comprises networking connectivity solutions, custom silicon, Ethernet switching and routing, wireless connectivity, servers and storage components, broadband access products, and industrial solutions. The infrastructure software section offers private cloud platforms, including VMware Cloud Foundation, as well as application networking and security, data services, and … Read more

Insider Buying Week 12-19-25 Waiting on Godot? the Santa Claus Rally?

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The AI trade is on, it’s off. I feel like I’m leaving in two realities. One where the plane is flying along and as soon as the AI Capex cycle hits a speed bump, the plane lurches into stall speed. The other one, completely divorced from the Capex cycle is entirely dependent on stock market levitation and the wealth effect. It’s interest rates not AI.  Of course there is a wealth gap chasm in between- and most of us live there. The change is coming. The current low VIX is just the quiet before the cannon fire. Be ready to … Read more

Insider Buying Week 12-12-25 The Rotation Game- How Long will the Contra Trend be the Trend?

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There’s a developing theme from last week’s trading action. It’s not that AI isn’t the real deal, but rather the real beneficiaries are the hundreds if not thousands of companies that can deploy it to solve fundamental business challenges like just-in-time inventory, freight management, help desk support, assembly line automation, legal, and yes, hedge funds banking cash. It’s the almost endless ways AI can improve productivity. The broadening out of the market was apparent as the companies most credited with the AI productivity boom were the losers, not the winners. A vivid example on Friday was Apple up, Google down. … Read more

Insider Buying Week 12-05-25 Is the Current Low VIX the Quiet before the Cannon Fire?

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The market sustained its upward trend, advancing by 0.44%. The Nasdaq Composite demonstrated stronger performance, rising by 0.91%. The previous volatility spike in November appears distant, as the VIX has reached historic lows. While portfolio insurance may seem cost-effective in this environment, it is important to consider the current context.  Insurance never looks cheap when you need it and when it is cheap, you rarely need it.   Thus the goldilocks moment we are in. Insider purchases, which often serve as confidence indicators, are unavailable during the blackout period, which occurs at the end of each quarter before required filings are … Read more

Insider Buying Week 11-28-25

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  Name: Lawrence Simkins Position: Director Transaction Date: 11-24-2025 Shares Bought: 1,000 shares an Average Price Paid of $231.06 for Cost: $231,063 Company: Lowes Companies Inc. (LOW) Lowe’s Companies, Inc. is a Fortune 50 corporation and the world’s second-largest home improvement retailer.  As of January 31, 2025, the firm operated 1,748 home improvement stores and outlets in the United States, accounting for over 195 million square feet of retail selling area.  Lowe’s was founded in 1921 in North Wilkesboro, North Carolina, and incorporated in 1952. It has been publicly traded on the New York Stock Exchange since 1961 under the … Read more

Insider Buying Week 11-21-25 AI Bubble Bursting or Buying Opportunity

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Volatility isn’t just knocking—it kicked the door down. It had been building gradually, fueled by a series of confidence-shaking events: government shutdown fears, air travel restrictions, Fed dot-plot uncertainty, and persistent warnings of an AI bubble. Last week, that pressure finally exploded like a Yellowstone geyser. The market boogeyman came out of the closet, bringing a 1,000-point Dow reversal that spiked the VIX. While pundits offer endless explanations, this sell-off looks like a classic delayed reaction to Nvidia’s earnings. The rout was most intense in AI and Crypto—with Bitcoin shedding 12.9% and the Nasdaq down 2.7%. Meanwhile, the broader market … Read more

Insider Buying Week 11-07-25 the Printing Press seems more like a Weighing Machine

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Last week was a bit rough. The S&P 500 lost 1.63% and the Nasdaq tumbled 2.94%. It felt a bit like the magic was over.  Warren Buffett said the stock market was a weighing machine but in recent months it seemed more like a printing press. That changed last week. It’s hardly a surprise, though. The equal weighted index has been underperforming since August. The average stock chart looks like crap. Is it a breather or something more malign? Insiders are the classic dip buyer.  Will they bite now that the earnings season blackout is lifting? Name: Sameh Fahmy Position: … Read more

Insider Buying Week 10-31-25 You Are All Lining Up to Lose Your Jobs

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If you’re not in tech, you’re losing money in the stock market. The RSP, the equal weighted index of the 500 largest  companies lost almost 3% (-2.7% actual) The S&P 500 made  a modest gain last week, up 0.70%. It really doesn’t matter that much since everyone is mostly invested in the S&P 500 index as opposed to individual stocks. Indexers have long been the tail which wags the dog. The widely copied S&P 500 index reached a record 37% of Mag 7 tech stocks. If you expand that definition just a bit to tech related, it soars to near … Read more

Insider Buying Week 10-24-25

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  Name: G. Kennedy Thompson Position: Director Transaction Date: 10-20-2025  Shares Bought: 5,000 shares an Average Price Paid of $87.63  for Cost: $438,150 Company: Pinnacle Financial Partners Inc. (PNFP): Pinnacle Financial Partners is a financial holding company headquartered in Nashville, Tennessee, and the parent company of Pinnacle Bank, a Tennessee state-chartered bank. Founded in 2000, the company has expanded through both acquisitions and organic growth to operate 137 locations across Tennessee, North Carolina, South Carolina, Virginia, Georgia, Alabama, Kentucky, Maryland, and Florida. Pinnacle Financial offers a full range of banking, investment, trust, mortgage, and insurance services to businesses, entrepreneurs, and … Read more

Insider Buying Week 10-17-25

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  Name: Jason Raleigh NunnPosition: DirectorTransaction Date: 10-09-2025  Shares Bought: 63,158 shares an Average Price Paid of $19.00 for Cost: $1,200,002 Company: Zenas BioPharma Inc. (ZBIO): Zenas BioPharma Inc. is a clinical-stage global biopharmaceutical company focused on developing and commercializing transformative immunology-based therapies for patients with autoimmune diseases. Leveraging advances in the understanding of autoimmune mechanisms and novel immunology targets, the company is building a diverse portfolio in immunology and inflammation. Its strategic approach emphasizes acquiring promising product candidates, effectively utilizing internal scientific and clinical expertise, and fostering collaborations with external partners to deliver innovative medicines that offer meaningful therapeutic … Read more

Insider Buying Week 10-10-25 Tightrope walk in a Hurricane

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Last week felt like a tightrope walk in a hurricane. The market flirted with euphoria early on, thanks to AI-driven headline deals (AMD’s tie-up with OpenAI lit a spark), but all that optimism blew up in our faces by week’s end. I still think that the next financial meltdown will be caused by one of the following factors: 1.Sam Altman 2. Donald Trump   Friday was the sucker punch. Trump floated a 100% tariff on Chinese goods in retaliation to China’s new export controls on rare earths — markets didn’t just recoil, they slammed the floor. Tech names (especially semis) … Read more

Insider Buying Week 10-03-25

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Equities likely grind higher, but the upside is modest and fragile. Leadership remains narrow — big tech, AI plays, and selective energy/industrial names still carry the torch. Defensive sectors and quality balance sheets should be favored as volatility spikes around macro data and politics. Bottom line: late-cycle vibes. The rest of 2025 is a trader’s market, not a buy-and-forget playground. Ride the waves, keep stops tight, and focus on insider conviction and strong fundamentals. The wall of worry isn’t coming down — it’s just getting taller. Name: Claude LeBlanc Position: Chief Executive Officer Transaction Date: 10-01-2025  Shares Bought: 25,000 shares … Read more

Insider Buying Week 09-26-25 Marvell Insiders Throw a Hail Mary

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Last week, U.S. equities extended their rally before momentum faded. The S&P 500 and Nasdaq hit record highs early in the week, fueled by excitement around artificial intelligence and hopes for Federal Reserve rate cuts. Mega-cap tech stocks led the charge, with investors piling into growth and innovation themes. However, sentiment cooled toward the end of the week as Treasury yields rose and stronger-than-expected economic data raised doubts about how soon the Fed might ease policy. Energy and financials lagged, while tech and communication services stayed resilient.

Overall, markets reflected a push-and-pull between optimism over innovation and earnings strength and caution about tighter financial conditions. The week ended with stocks modestly lower but with a more cautious tone setting in, suggesting investors are reassessing the balance between growth potential and macro headwinds. The market still only gave back .30% from a record close..

 

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Insider Buying Week 6-16-23

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Stock markets don’t go up every day, or do they? Friday might have been the crack in the armor as the generals sold off a bit. It’s hard to imagine what will bring the market down in the near term other than a bout of profit-taking in the big tech stocks that have run on AI mania. Of course, there are always black swans landing in unanticipated places, but a market being overvalued has never been a reliable case for a sell-off. That’s always a dicey proposition, thinking like that, but the bull is out in the pasture- there’s no … Read more

Insider Buying Week 6-09-23 Investors are Clipping Coupons while the S&P 500 storms higher 12% YTD

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It was a quiet week when it came to insider buying.  Dish Networks had a big percentage move off the bottom as rumors floated that Amazon might be finally making a move with the cellular bandwidth that Dish has spent so many billions of dollars accumulating.  On Friday, it gave back 12.5%.  Nothing deters  Director DeFranco as he bought $ 1.8 million more of Dish. There might actually be a plan for their madness, and it may have nothing at all to do with Amazon.  Perhaps there is a SpaceX rescue coming?  At this point, Dish stock is like an … Read more

When it comes to Financial Advice Bard and Chatbot GPT are just a new twist on the Old Shell Game

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All the buzz and the action are about Chatbot GPT, Bard, and large language model generative text and imaging capabilities.  I’ve heard this hailed as the most important invention since electricity and fire. I want to call a giant timeout and bubble alert.  As you know, as a first step in my analytic process, I assiduously track insider buying and selling using paid services like Secform4.com to scrape free information off the SEC Edgar website. I try to fathom what the insider sees that Mr. Market may be missing.  So I asked Bard (Google’s beta AI offering) what insider filings … Read more

Hedge Fund Analysts Class 2nd Semester- a Word about Attendance

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I have very flexible rules about work and participation in the Insiders Intern Analyst program. Still, one of them is non-negotiable, and I make that clear in the interview process. The main question I asked everyone in the intern interview process- is whether you will give it the time it deserves, not just for yourself but out of respect for my time and the time of our fellow interns. If you can’t make a meeting, that’s understandable, but you should put forth and share work or insight of some kind to make up for your absence. it’s assumed you are … Read more

Insider Buying Week 2-10-23

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When I started developing the Insiders Fund’s strategy in 2001, I knew I would miss out on some of the all-time greatest investments since founders of disruptive companies are loaded to the gills with their own company’s stock and don’t need to buy more of it. That was all right with me if could forgo this “pot of gold” and by doing so avoid the scams, frauds, and charlatans that populate the financial world.  This week we have the rare insider buy at a potential pot of gold, Vicarious Surgical, a true med tech disruptor.   Name: John Morici Position: … Read more

Strange Days Insiders Abandon the Market Week 10-21-22

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“Strange days have found usStrange days have tracked us downThey’re going to destroyOur casual joysWe shall go on playing or find a new town”- the Doors 1967   We had some technical difficulties with The Insiders Report in getting our payment module to work.  So until we can figure out where the theme and the payment module collide, The Insiders Report is free. Unfortunately, there isn’t much in the way of insider activity to write about, but that’s not stopping the market from lifting. The Dow soared 748 points, and the S&P rose 2.37% on Friday ending one of the … Read more

Insider Buying Week 10-7-22 Biohaven $BHVN WOW!

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Curious about how well insiders are doing with their buys? Scroll through the blog posts and see for yourself Before we dive deep into reading the tea leaves of insider buying, I want you to read this missive all the way to the end for our thoughts on Biovhaven BHVN. All I can say is Wow, wow, wow! It’s up a whopping 43.58% this last week. If you were paying attention, the modest Insider Report subscription fee paid for itself for a lifetime with the August 26th report. We are now deep into the quarterly earnings blackout, and most insiders … Read more

Earnings Black Out Period will Begin Soon but No One Really Knows When

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I think it’s time to review the earnings blackout window as this lack of insider buying provides fuel for short sellers to attack the confidence of equity investors.  Not that they need much help with this as the inflation, interest rate, and beating war drums provide plenty of fuel to discourage investors.  I was encouraged to find this academic article which confirmed much of my bias, that there are no formal rules about these earnings blackout windows. Much of this article is inspired by the scholarly works of Wayne R. Guay (The Wharton School), Shawn Kim (The Wharton School), and … Read more

Live Webinar Monday April 19th 6:00PM The Insiders Guide to Shredding the Markets

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I’m spilling the beans, the secret sauce during this live webinar. Everything I’ve learned in over twenty years of trading the markets including how we just earned 92% in 92 days in a diversified portfolio. Every question will be answered in the time permitted or by a follow-up email. I guarantee you that there will be something for everyone, beginner or the most sophisticated- this will be a live educational event you won’t want to miss. Click on the Image Above to Register for the Event or go to https://events.marketsmarttoday.com/webinar-apr-19-linkedin/ Lots of great stuff here are just a few of … Read more

Strategic Insider Selling – SEC gives giant loophole to corporate insiders

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First off- this is not news.  This loophole has been in existence since 2000 but it’s sinister characteristics have not been adequately publicized.  I am including in this post the entire paper I found from the Yale Law Library written by Todd Henderson of the University of Chicago Law School, Alan D. Jagolinzer from Stanford University Graduate School of Business, and Karl A. Muller, III of  The Pennsylvania State University Smeal College of Business.  It’s the most comprehensive analysis of this problem I have found to date although the authors are predictably looking at it from the perspective of protecting their corporate clients not John … Read more

We Will See QE3. Just Not Until We Need It

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The notes from yesterday’s Fed meeting have managed to spur back-to-back down days in the market, seemingly all based on the lack of language hinting at an immediate round of Quantative Easing.  This market is hooked.  It fiends for stimulus injections, pitching a tantrum at the slightest hint of being denied what it assumes is “promised.” This reluctance to dole out yet another “dose,” this sign of maturity on the part of the Fed is a glimmer of hope that fiscal responsibility is on the horizon.  Over medicating is a self fulfilling prophecy, spiraling into the depths of physical reliance. … Read more