SFM

RALLY ON

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As the votes came in and the outcome of the Presidential election became clear,  investors voted with their dollars.  The market ripped 7.25% which was the largest election week rally in history.   Not even our insiders could compete with the raw animal spirits unleased by the belief that a Democratic President would be restrained by a Republican Senate.  Gridlock, strangely enough, is celebrated.  There is another narrative-perhaps it was a relief rally that the most disruptive and unpredictable President in a lifetime was gone?   Sprouts Farmers Market Inc. up 9.84% CHARLES RIVER LABORATORIES INTERNATIONAL Inc up 7.49% Del Taco … Read more

These are the Insider Buys that Matter Week Ending 8-14-20

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Earnings season is almost over and with it the blackout period that restricts corporate insiders from buying their own company’s stock.  Animal spirits are lighting up the market as insiders are adding fuel to the fire with the biggest increase in buying since the March lows.  Normally insiders buy their stock when it’s cheap and you see less buying when the market is making new highs.  Not this time!  Barry Diller shook up the online gambling world with his Interactive Corp IAC  disclosure that it had gone over the 10% reporting threshold with its most recent purchase of 9,705,785  shares of MGM at … Read more