CTSH

U.S. Stocks Have Now Fallen For 5 Weeks In A Row but Some Insiders are Buying

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The market gets scarier by the day.  Wealthy individuals pulled their money out at record rates not seen in seven years. Black swans seem to be showing up in multiple corners of the world, China trade war, Iran real war, just to mention a few. None the less that didn’t stop a few insiders with conviction loading up on their company’s stock. In fact, it’s the most buying we have seen in some time. We highlight those over $200,000 in this report.

Top Stocks Insiders are Buying and Unloading Week ending 12-8-17

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  In this report we examine stocks that C-level officers and directors  bought and sold ending the week of September 22nd, 2017.  Insiders sell stock for a variety of reasons but they generally buy for just one, to make money.  We only look at material amounts of money, $100k or more, as anything less could be window dressing.  The bar is different on selling as the natural state of management is to be sellers.  Most companies provide significant amounts of their compensation packages as stock. Therefore we analyze selling for unusual patterns; such as insider selling 25% or more of … Read more

Boehner Raises Obstacle to Allowing Immigration Vote – NYTimes.com

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Why is this important?  Well, if you’re the Chairman of the Board of Cognizant Tech Solutions, CTSH, it’s very important to the future of your business.  Recently CTSH has been clobbered along with other offshore centric IT providers. According to JP Morgan analyst Huang, the legislation could hurt CTSH earnings by 15-19% in a bad case scenario.  Combined with other provisions in the bill, the worst case impact could be as much as -20-24%.  JP Morgan has an overweight rating with a new price target of $75.  Maybe this is what drove Chairman of the Board, John Klein, to add … Read more