The largest insider buy on today’s list is a Form 4 filing by Charles Magro, the CEO of chemical and seed company Corteva $CTVA.
Magro reported a purchase of 40,000 shares, equivalent to $2.4 million.
Expert technical analysis of financial markets by JC Parets
by David
The largest insider buy on today’s list is a Form 4 filing by Charles Magro, the CEO of chemical and seed company Corteva $CTVA.
Magro reported a purchase of 40,000 shares, equivalent to $2.4 million.
by David
This is the video recording of our February 8, 2023, Inside Scoop Weekly Strategy Session.
by David
The most significant insider buy on today’s list is a Form 4 filed by Super Micro Computer $SMCI Director Shiu Leung Chan.
Chan reported a $256,440 purchase of SMCI.
by David
The most significant insider buy on today’s list is a Form 4 filing by New York Community Bancorp $NYCB Director Ronald A. Rosenfeld.
Rosenfeld reported a purchase of roughly $756,756 in NYCB.
by David
Both Icahn School of Medicine at Mount Sinai and CMLS Holdings LLC filed Form 4s for a combined amount of $40 million in GeneDx Holdings Corp $WGS.
Activist investor and retail industry entrepreneur Ryan Cohen took a stake in Nordstrom $JWN, sending the stock higher by more than 20% Friday.
by David
The most significant insider buy on today’s list is a Form 4 filing by Greg Hayes, the CEO of Raytheon Technologies $RTX.
Hayes reported a purchase of roughly $1 million in Phillips 66 $PSX, where he serves as a director.
by David
The largest insider buy on today’s list is a Form 4 filing by Steve Miron, director at Charter Communications $CHTR.
Miron revealed the purchase of $960,875 worth of CHTR shares.
From the Desk of Steve Strazza @Sstrazza
In case I haven’t been obnoxious enough, we are in the early stages of a new bull market.
I cannot be more clear about this. I feel it in my bones.
Today, the Fed had their first meeting of the year, and did exactly what everyone thought they would do. The market flew straight into rally mode as soon as the press conference began. There were no surprises.
This is because, very much unlike 2022, the path of least resistance for risk assets is now higher.
We’re seeing risk-on action characterize the tape on a regular basis.
Breakouts are sticking. The list of new highs is growing longer and longer. Meanwhile, new lows are almost non-existent, and the breakdowns from December have failed and followed through higher.
It’s all bull market stuff.
Along the same lines, we’re seeing more and more stocks offer bullish chart setups that we want to be buying. And we’re entertaining all of them.
It’s time to be aggressive on the long side.
Be sure to check out today’s strategy call. It was a good one, and we brought along a ton of new setups in growth names.
However, in this post, we’ll outline three we didn’t have time to discuss on this week’s call.