Occidental Petroleum Corp

Insider Buying 02-14-25 Buyers Coming Back as Blackout Abates and Uncertainty Rocks Stocks

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As Q4 earnings announcements start to wind down, we would expect to see a pickup in insider activity. We are seeing that, particularly in sectors that have sold off in anticipation of possible Trump regulatory changes that would make business more challenging and potentially less profitable. Of course, no one really knows for certain about any of this as Trump has shown a great propensity to say one thing and actually do another.  He may be bluffing, posturing or may change his mind. It’s very unpredictable but you have to assume when insiders buy into this, they are considering this, … Read more

Insider Buying Week 06-28-24 The Emperor has no Clothes

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In addition to the lack of insider buying, there was a Presidential debate last week between a sitting President with a blank stare and an ex-President who has shown us he will stop at nothing to stay President. Somehow, the stock market doesn’t care. Name: Oscar Munoz Position: Director Transaction Date: 2023-06-21 Shares Bought: 2,051 Average Price Paid: $243.69 Cost: $499,806 Company: Salesforce Inc. (CRM) Salesforce, Inc. was established in 1999 and is based in San Francisco, California. Salesforce, Inc. develops Customer Relationship Management technology that connects businesses and customers globally. The company’s services include sales, which stores data; monitors … Read more

Insider Buying Week 06-21-24

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It’s that familiar time of year again when insiders are blocked from transacting in their own stock due to pending 2nd quarter earnings. At least two of the notable buys were stocks The Insiders Fund is already pretty heavily invested in: Exxon and Biohaven. So, at least, the research toll on me will be minimal as I’ve spent this blistering weekend supervising a landscape project at my house. That’s the featured image if you’re wondering what that has to do with stocks. It doesn’t.   Name: Maria S. Dreyfus Position: Director Transaction Date: 2023-06-17 Shares Bought: 18,310 Average Price Paid: … Read more

Fathers Day Insider Buying Week 06-14-24

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The post took a backseat to Father’s Day last week. Looking closely, you can see me with DJI FPV goggles next to my son at Tunnel Park. In the background, the sun sets over Antelope Island in the Great Salt Lake. Considering the quarter end and recurring blackout period, there was an unusual amount of insider buying.  I will update the rest of the entries, so check back later in the week for more. You can be an insider, too– by clicking here   Name: Michael L Speiser Position: Director Transaction Date: 2023-06-07 Shares Bought: 76,200 Average Price Paid: $131.09 … Read more

Insider Buying Week 02-09-24 Is it the Super Bowl or the Ripping AI Bandwagon?

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Finally, there is some work to do in analyzing insider buying. It’s not much, but it’s better than the last three weeks of nonexistent purchases.  Still, the lazy move, and perhaps the best move, is to get on the AI bandwagon with the companies that have proven they can monetize Now.   The popular wisdom is that the stock market looks forward six months or so, but the reality is quite different. Earnings season is the proof of it. Companies that miss revenues and earnings expectations are punished with swift declines in share value. Those that significantly surpass expectations experience hefty, … Read more

Insider Buying Week 12-15-23 Glad to See some Big Names and Big Dollars Returning to the Insider Buying Game

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While some stocks like the Magnificent Seven have had a phenomenal comeback year, many, many companies are depressed in value. We have no shortage of compelling investment ideas, but getting people to invest when values are low is the opposite of human nature. Paying particular attention to significant insider buying is one way to force that discipline on yourself. When not painting the tape or participating in required corporate ownership requirements, insiders are historically value buyers.  This week, we highlight what we think are notable buys. Although we pay attention to selling, we don’t write about this far more nuanced … Read more

‘s Wrong with this Market? Insider Buying Week 10-27-23

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$OXYLast week, I had two conversations with astute market watchers, one a long-time successful UBS financial wealth manager and the other, a close personal friend who bought the second charity lunch with the Oracle of Omaha.  He is a lifelong fan of Warren Buffet and a long-time investor in Berkshire Hathaway.  I presented them both with the same market fact- that over the last 40 years, ~40% of the overall return of the S&P 500 has been from dividends. I asked them both the same question and got nearly identical answers. What do you think the dividend yield of the … Read more

Federal Reserve Chairman Powell is a Dangerous man

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I wrote to clients in the February update that  Federal Reserve Chairman Powell is a dangerous fellow.  Last week he proved that causing a run on the banking system.  Ironically if the creation of a new Bank Term Funding Program (BTFP)had been in place the week before, Silicon Valley Bank might have avoided failure and bankruptcy. Powell’s rapid hike in interest rates as a cure for the supply-side inflation shock is likely to be as successful as the ancient but now discredited medical practice of bleeding the patient. If Powell was the CEO of a public company, activist shareholders would … Read more

Insider Buying Week 8-12-22 Full on Stampede to Buy Stocks

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The S&P 500  has been on a tear.  It tacked on another 3% on top of last week’s, 4% gain. There was almost nothing that went down. Last Friday it was hard to find something that was not green on your screen. Check out Finviz’s Map of the Market below. It was a full-on stampede to buy stocks. Apple is approaching its all-time high. The money on the sidelines is pouring in. Slightly better CPI prints were the trigger, but inflation is not so easily tamed. For starters, don’t expect much help from lower energy prices. I just attended Denver … Read more

Insider Buying Week 7-22-22

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  Curious how well insiders are doing with their buys? Scroll through the significant buys of the last year. I sound like a broken record. The market seems like it’s stabilizing, up over 2% last week.  Behind the scenes, the war in Europe is the 800-pound gorilla. Is the grain deal Turkey brokered in negotiation with Russia and Ukraine the beginning of the end? Interest rates have stopped rising despite all the tough talk from the Fed. We’ll see this week if they have the stomach for a full point increase in the  Fed’s funds rate or will they wimp … Read more

Insider Buying Week 7-15-22

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  Curious how well insiders are doing with their buys? Scroll through the significant buys of the last year. The market seems like it’s stabilizing, although, behind the scenes, the war in Europe is the 800-pound gorilla threatening to take a turn for the worse. Interest rates have stopped rising in spite of all the tough talk from the Fed. At least the long part of the yield curve is stable, although many economists and market pundits say that’s because the curve is inverting, sending classic recessionary signals. There’s no question that consumers are slowing down their spending binge but … Read more

Insider Buying Week 7-8-22

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  Curious how well insiders are doing with their buys? Scroll through the significant buys of the last year. The market retraced some of last months loss, the S&P 500 rallying a little over 2.6% in front of the wave of upcoming quarterly earnings reports. The Fed minutes from last month were released and the long end of the yield lost some of its recent rally. I still believe we’ve seen the bottom in long term bonds for the Summer as the specter of recession gets worse with plunging consumer confidence.  West Texas crude made an attempt at stabilizing around … Read more

Insider Buying Week 4-1-22 Beaten Down Biotech Enough is Enough

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  Curious how well insiders are doing with their buys? Scroll the significant buys of the last year.   We are fully in the nether world of earnings blackout.  It’s difficult anytime to discern the mood of corporate America but the period thirty days prior to and one day after quarterly earnings release are deliberately void of any communication about the health of a public company’s business. It’s the blackout period. Not as sexy as a black hole but nonetheless filled with mischieve and potential danger. I’ve asked my friend Dan Taylor of Wharton Forensics Lab and Frank from SECForm4.com … Read more

More Insiders are Buying but the Selling is Relentless 3-4-22

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  Curious how well insiders are doing with their buys? Scroll the significant buys of the last year. All bear markets end in a crescendo, literally an explosion of insider buying.  I believe we are in a classic bear market.  The signposts are obvious.  Beat and raise quarters are met with yawns if not outright sell-offs. Good news is met with brief bouts of buying but soon dissipates into the underlying negative downward trend.  Of course, there are always stocks that work even in a bear market but it is much harder making money on the long side than it … Read more

Insider Buying picks up Last Week- 57 Buys in 41 Different Companies

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For trade, details click on this link to the trades.  Wow- Insiders are coming back with a vengeance. The S&P was up 0.71% for the week ending the week with new highs on the S&P 500, the Dow, and the QQQ indices. Insiders returned to the playing field with an average return of 2.67% for the week, easily beating the market.  In this blog post, we analyze, 57 insider buys in about 41 different companies. Now you know what I didn’t do with my weekend.  We highlight the insider purchases that stood out, mostly over $200k and personal money, not … Read more