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Talk about a quiet week for insider buying.  Earnings season is in full swing and many insiders are on the sidelines due to earnings blackout, but this is ridiculous. Add to it the coronavirus pandemic and  no one is buying.  It can only mean one thing- insiders don’t find this market cheap or compelling. There are always notable exceptions. Our stand out this week is the CEO Gail Boudreaux’s $2 million buy of Anthem, the health care insurer, at $263.70 per share.  ANTM reported earnings on 1-29 and met expectations.  ANTM price target was lowered to $355 from $380 by … Read more

  This was a holiday shortened week but insiders still managed to report a few buys. William Duncan continues to buy MLP Enterprise Products Partners, spending  $2.4 million at #27.88 Continuing along this theme of buying scorned midstream energy infrastructure assets, President Baker bought both KMF and KYN both Kayne Anderson Midstream Investment Funds.  We like this idea and would be buyers of this diversified ETF play on the entire sector. KMF is a closed-end energy fund investing in the midstream energy sector, including midstream MLPs and other energy companies.  As of Friday’s close the current yield is 8.3%. KYN invests in stocks … Read more

  Sage Therapeutics (SAGE) insiders seem to offer hope to long term investors. Sage Therapeutics reported disappointing phase 3 results on their major depressive disorder drug.  Insiders don’t seem deterred at all, buying over $4 million. The largest being Robichaud”s buy of 25,000 shares at $64.16.  Apparently the major depressive treatment options are so bleak that even poor results get approved by the FDA.   Sage is our pick of the week. Unfortunately its already up 10% from where insiders were buying.  Selling the near term $65 is the way we would play it now.  Stifel added it to its Select … Read more

Edwards Lifesciences, LLC, Recalls SAPIEN 3 Ultra Delivery System Due to Burst Balloons During Surgery, Which May Result in Vascular Injury, Bleeding, or Surgical Intervention The FDA has identified this as a Class I recall, the most serious type of recall. Use of these devices may cause serious injuries or death. https://www.fda.gov/medical-devices/medical-device-recalls/edwards-lifesciences-llc-recalls-sapien-3-ultra-delivery-system-due-burst-balloons-during-surgery Insiders have been steady sellers of this highflyer for some time but now they really have a reason to unload. A cardiac surgeon I know that has been early on with the Sapien valves was candid with his opinion. “not sure the extent of the problem but they … Read more

Keynote Day 2 was an unconventional presentation from the unconventional wildcatter Harold Hamm and Tom Petrie, storied oil analyst.  Never been more pressure to cut production Harold Hamms said. I think I got that right but that’s a bold statement, cause he survived the Saudi led shale-price busting/collapsing raid in 2016. Petrie remarked that he was surprised at this year’s robust attendance when stock prices were so depressed.  My conclusion was miserly loves company combined with a healthy dose of bottom fishing.   Hamm sounded a pessimistic note that when he said he heard companies’ promoting investment returns even if oil … Read more

The old adage is you make money when you wait to buy when there is blood on the streets. There is certainly some blood on the streets in Denver at this year’s Entercom, an annual event where oil and gas companies pitch their investment prospects to institutions, individuals, and especially to their bankers so they will extend the lifeline.  After years of building and growing reserves, now the mantra is debt-adjusted cash flow growth.  There may be blood but hope springs eternal in the blood of the oil wildcatter.  Here are my day one observations:

New Director Paul Salem buys $20.3m of MGM Resorts  at $25.40 per share during a trade war with China?  What does he know? Revenues in China growing over 5x the Strip. Net revenues increased 33% to $687 million including contributions from the opening of MGM Cotai of $287 million; and Adjusted Property EBITDA of $167 million, an 11% increase compared to the prior year quarter, reflecting the opening of MGM Cotai Las Vegas Strip Resorts Net revenues increased 6% to $1.4 billion compared to the prior year quarter; REVPAR(1) increased 8.2% compared to the prior year quarter; \

The most-important lesson: The funds that rank at the top one year aren’t likely to be there the next. Source: What Investors Should Know About Yearly Performance Rankings – WSJ

  5 Ways to Know the Stock Market Bottom is In You don’t dread your statements any longer because you no longer open them and they just pile up in some dusty corner. Your investment advisor stops calling you. The last thing you want to do is buy more stocks. Stocks don’t go down on bad news any longer.  For example Apple’s recent earnings warning doesn’t send the stock down 8%. It might even go up. The Federal Reserve reverses its rate normalization and folds and signals it’s ready to “accommodate” the market. Corporate insiders (officers and directors, not hedge … Read more

The Insiders Fund doesn’t buy index funds as a rule unless to hedge a long portfolio or participate in a broad trend that we need quick exposure to.  That doesn’t mean that insiders are immune from market routs like we are experiencing but generally insiders buy their stocks after they have had a rout of their own.  The proliferation of index investing and quantitative hedge funds has created an increasingly correlated market. Investors are basically making one decision when they buy an index fund like the popular SPY -SPDR S&P 500 Trust ETF.  This begets an important question, what is … Read more

Do corporate insiders buy stock market dips? Source: Insiders Bought the Last Crash. Will They Buy This One? – Bloomberg

Check out this article from Barron’s  While it looks too early for the value players to swoop in and buy the RV and parts makers, . The stock trades for just 6.9 times 2019 projected earnings. While sentiment surrounding the RV industry may continue to weigh on Camping World shares in the near term, fundamentals should shine through over time, turning investors into happy campers. We like the fact that Lemonis, the CEO, had to repay the Company $600k of profits from a prior sale of CWH  in order to buy back $897.3k stock between May 14-16 at a price … Read more

[vc_row][vc_column][vc_accordion][vc_accordion_tab title=”Summary:”][vc_column_text] Do Insiders have better trade timing than others? We think so, but here are 17 trades from last week that may help you decide. In this week’s report we present ten significant buys and seven significant sells.  While not even a month into the third quarter, insiders successfully buying low and selling high seems to be evident, especially on the sell side.  This week’s report covers a wide variety of sectors for both buys and sells.[/vc_column_text][/vc_accordion_tab][vc_accordion_tab title=”Methodology:”][vc_column_text] In this report, we examine stocks that C-level officers and directors bought and sold throughout the week ending August 24, 2018. … Read more

[vc_row][vc_column][vc_accordion][vc_accordion_tab title=”Summary:”][vc_column_text] When your stock triples, follow CEO Ingram’s move. Buy more. In this week’s report we present ten significant buys and six significant sells. As a steady volume of insider trading becomes the norm, this week of third quarter trading shows 7 C-level insiders making large moves to capitalize on their companies share price. [/vc_column_text][/vc_accordion_tab][vc_accordion_tab title=”Methodology:”][vc_column_text] In this report, we examine stocks that C-level officers and directors bought and sold throughout the week ending August 17, 2018. Insiders sell stock for many reasons, but they generally buy for just one – to make money.  As a standard, we only … Read more

[vc_row][vc_column][vc_accordion][vc_accordion_tab title=”Summary”][vc_column_text] Big Insider Trades Return as Earnings Season Slows: GE director buys 2.5 million of stock. In this week’s report, we present six significant buys and four significant sells, a notable increase in activity from last week as the earnings season end is in sight. The increase of activity has a direct correlation to each company’s second quarter results. These results may also give insight into the dramatic increase in pre-planned insider sales from powerhouse companies.   Here is your insider trade rundown. [/vc_column_text][/vc_accordion_tab][vc_accordion_tab title=”Methodology”][vc_column_text] In this report, we examine stocks that C-level officers and directors bought and sold … Read more

[vc_row][vc_column][vc_accordion][vc_accordion_tab title=”Summary”][vc_column_text] Blackrock’s Director Ford made a buy. Will the trade get a boost like bitcoin? In this report we present three significant buys and no significant sells, an anomaly for insiders but not all too surprising as insiders are basically absent from the market as a whole. We watch all insider trades and pick the ones that matter to keep you in the know. Here is our insider buy rundown. $BLK, $WBA, $OPK[/vc_column_text][/vc_accordion_tab][vc_accordion_tab title=”Methodology”][vc_column_text] In this report, we examine stocks that C-level officers and directors bought and sold throughout the week ending July 20, 2018. Insiders sell stock for … Read more

[vc_row][vc_column][vc_accordion][vc_accordion_tab title=”Summary”][vc_column_text] Icahn buys EGN but sells LNG. This & more significant insider trades. In this report, we are deep into the blackout period.  Expect another two weeks of tepid insider buying before we see if insiders have any game for this market. The most interesting behavior, however, is corporate insiders with 105-1 plans that allow them to sell at will. While trading remains slow, significant trades are still being made. Here is your insider trade rundown. $EGN, $NS, $ETM, $GRBK, $TRTC, $DSPG, $AEO, $ROST, $LGN, $SFIX [/vc_column_text][/vc_accordion_tab][vc_accordion_tab title=”Methodology”][vc_column_text] In this report, we examine stocks that C-level officers and directors … Read more

[vc_row][vc_column][vc_column_text] What did you do with your $20 million last week? Otto spent it, but Mark made it. Low volumes of trades are common during the blackout periods of every quarter. Insiders cannot trade during their own blackouts, so buying volume is normally low. However, there is still a way to sell. We keep a eye on all trades during blackout season. No one sector stuck out to us, but important individual trades were made. Here are the significant insider trades that mattered most.  $DDR, $DSPG, $FLNT, $WMT, $FB, $SFIX, $BRKS METHODOLGY In this report, we examine stocks that C-level … Read more

[vc_row][vc_column][vc_column_text] The Few but the Strong: Big Trades at the Quarter’s Close The close of every quarter tends to stem insider trade volume as companies enter blackout periods. However, that doesn’t stop insiders with conviction. With few but significant buys and some significant sells, we expect volume to increase soon but don’t want to discount the importance of trades that did happen. Here are the insider trades that should be on your radar.    $TSLA, $MELI, $GNE, $IFF, $CARG, $PII METHODOLGY In this report, we examine stocks that C-level officers and directors bought and sold throughout the week ending June 15,2018. … Read more

[vc_row][vc_column][vc_column_text] Insiders Know When to Buy & It Shows … according to many of today’s charts at least. We believe insiders know their business better than most. We also believe they buy for one main reason – to make money. Last week’s insider buys compared to todays charts appear to support our believes. Are you a believer too?  $QTS, $DISH, $VSAR, $UAL, $YUMC, $GOGO, $HWKN, $LCII, $DLTR, $WR, $CARG, $LOGM, $NYT METHODOLGY In this report, we examine stocks that C-level officers and directors bought and sold throughout the week ending June 8,2018. Insiders sell stock for many reasons, but they … Read more

[vc_row][vc_column][vc_column_text] Three Big Buys – Four Bigger Sells Not all trades make sense, but when insiders start making moves in the millions, you may want to pay attention. Here is your rundown of the lot.  $CLR, $GOGO, $VSI, $HLF, $NYT, $ALGN, $WAB In this report, we examine stocks that C-level officers and directors bought and sold ending the week of June 1, 2018. Insiders sell stock for many reasons, but they generally buy for just one – to make money.  As a standard, we only look at material amounts of money, $100 thousand or more, as anything less could just be … Read more