Small Names Lead to Big Ideas

JC Parets
March 9, 2022

We’re probably not going to follow Nancy Pelosi into American Express $AXP or PayPal $PYPL.

And Warren Buffett’s recent purchase of a large stake in Occidental Petroleum $OXY doesn’t necessarily indicate an opportunity for us, either.

Moves by these big names are just good information.

The best information comes from over-laying our technical analysis to identify the best tradable setups.

We’ll be talking about that process tonight at 6:00 p.m. ET. Click here to join us and learn how to put all the pieces together.

Welcome to The Hot Corner

A big theme from the past few weeks of insider activity is the consistent interest in commodity stocks. 

Energy, industrial metals, and even precious metals stocks have been showing up on our list day in and day out. 

With CEO Steve Angel of Linde $LIN making a $1 million purchase of his own stock, we can now add chemicals to the list too. 

Linde is one of the largest materials conglomerates in the world. But the stock has been under pressure since last year and is currently trading just a few points away from fresh 52-week lows.

Here’s The Hot List, with data through March 8, 2022:

Another name that stands out today is “The World’s Most Famous Arena,” Madison Square Garden $MSGS. James Dolan, MSG’s president and CEO, just purchased $1 million worth of shares in this mid-cap entertainment stock.

Speaking of entertainment, there were also insider buys in two resort and casino stocks as well as the popular animal park, Seaworld $SEAS, yesterday.

Tom Reeg, the CEO of Caesars Entertainment $CZR, purchased over $700,000 of stock, while a Hilton Grand Vacations $HGV director purchased about $250,000.

Sticking with the leisure and hospitality space, there was a 13D filed by GAMCO Investors revealing a 14% stake in the hotel investment company Summit Hotel Properties $INN.

All of this activity tells us that some of the most informed investors in the world are making the bet that the economy is going back to normal.

Traveling, going to casinos and theme parks, seeing shows at the Garden… 

In addition to commodities, we’re definitely bullish on the “reopening” trade as well.

Stay tuned. We'll be back Thursday with more insider action.

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And as always, feel free to reach out with any questions. We love hearing from you!

Allstar Charts Team.

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