$OKE

Insider Buying Week 6-30-23-The Nasdaq 100 notched its best-ever first half of a year.

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The Nasdaq 100 notched its best-ever first half of a year.  In a classic reversion to the mean, the worst-performing sector usually becomes one of the best-performing ones.  The Nasdaq 100 will need to rise nearly another 200 points to recoup the amount lost since December of 2021.   I doubt if it could have recouped these losses this fast, though, without the market hype about generative AI. Nasdaq had been on an unsustainable tear since the beginning of the 2020 work-from-home hyper stimulus-infused Pandemic.  I have no idea how long this can last, but I can say with reasonable confidence … Read more

Insider Buying Week 6-24-22 The Market Comes Roaring Back as Powell gets a Mouthful

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  Curious how well insiders are doing with their buys? Scroll through the significant buys of the last year. The Fed has been bullied into raising interest rates into a weakening economy. Raising interest rates to bring down the price of oil or to untangle the supply chain disruptions is an act of lunacy.  The market is telling us that. Last week a bunch of senators and representatives gave the Fed Chairman a mouthful of that for the first time.   Now many congressional members are telling the Fed Chairman Powel that bleeding the patient to cure the disease is obsolete. … Read more

Notable Insider Buying Week Ending 12-20-19

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CB Duncan continues to amass sizable buys of Enterprise Products Partners, LP.  This midstream oil and gas operator  yields 6.29%. This seems like a buy in a low yield world but bear in mind, several MLPs  in this space yield double digits and have sizable insider buying as well. If you believe the combustion engine will be replaced by EVs in the next 10 years, don’t buy these MLPs. I for one don’t believe the market appreciates the complexity and cost of making lithium batteries. A director bought $1.28 million of peer Energy Transfer Partners at $12.79 per share, yielding … Read more