SPB

Insider Buying Week 12-08-23 Energy Swooned, Some Insiders Stepped Up

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As we go into the final turn of the year, expect some modest profit-taking in the Magnificent Seven. I expect some good opportunities if mortgage rates drop enough for people trapped in their homes to make a move. The purchase this week by National Storage’s Co-Chairman adds some credence to this. The stock has already rallied significantly, but storage should grow if we pick up the American tradition of musical chairs and home swapping. As EV demand wanes and the threat of hydrocarbons being replaced by renewables seems more like fantasy than policy, oil prices fall to levels not seen … Read more

Insider Buying Week 12-01-23 AI will Improve everything but the Tesla pickup truck

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FOMO  (fear of missing out in a year when the S&P is up over 20%) is in full swing. One thing not making the headlines is the market is essentially where it was two years ago, with investors on a roller coaster ride.  AI will improve everything except the Tesla pickup, and gasoline is the cheapest at the pump in years, even as the world seems to be throwing in the towel on preventing climate change. All that ESG and green talk seems to be more expensive than anyone wants to pay for. The magnificent seven took the week off … Read more

Insider Buying Week 5-26-23

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It’s all AI, Chat GPT, large langauge models, and generative image models. Nvidia’s blowout quarter and guidance sent the market into a bull run seizure moment.  Meanwhile, you hear more and more stories about fake information generated by this “breakthrough AI,” including the latest example on Twitter where an attorney was reprimanded by a judge for his brief, which included fake prior cases entirely fabricated by AI. We can’t ignore the promise, but we certainly shouldn’t be blindsided by the hype. Tread carefully here. At the Insiders Fund, we try to filter out the noise. Here’s what real insiders are … Read more

Insiders Put the Petal to the Metal as Animal Spirits Show Signs of Life

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Animal spirits are picking up.  This is the most buying we’ve seen since the market sell-off last December. One thing for sure, Insiders buy stocks when they think they are cheap.  Highlights are: Several insiders bought GE stock immediately prior to and immediately after Harry Markapolis’s interview on CNBC where he alleged fraud. Axogen Chairman bought $1 million worth of stock after the company she leads plunged 30% on weaker earnings forecast Outdoor billboard leader, Clear Channel newly appointed Chairman bought $913k at $2.28 per share.  CCO is loaded with debt. Three CIT insiders took advantage of low prices to … Read more