Every weekend, I review our insider activity tracker looking for the most interesting and bullish buys — and let me tell you, this week was packed with a lot of action.
Let’s break it down:
We’re talking about members of Congress — the folks with access to briefings the rest of us never see — stepping in and loading up on some of the biggest names out there:
Advanced Micro Devices $AMD
BlackRock $BLK
Cboe Global Markets $CBOE
Apple $AAPL
Meta Platforms $META
That’s real exposure, and it tells us these political insiders think these stocks are going higher.
AMD and BLK were larger buys than we’re used to seeing in congressional filings.
At the same time, one of the sharpest money managers in the game just made a big move.
Gamco Investors, led by Mario Gabelli, increased their stake in Sinclair $SBGI from 8.69% to 11.08%.
When a legendary value firm like that doubles down, you know it’s not a guess.
There was also a large insider purchase by John Hess, director at Goldman Sachs and CEO of Hess Corporation.
This was Hess’s first insider transaction since joining Goldman’s board in June of last year.
And it is interesting because Goldman requires that all directors own at least 5,000 shares of common stock. However, non-employee directors have seven years to meet the requirement. This means Hess technically has until 2031 to buy the stock, but he didn’t want to wait.
I like that. And I also like Goldman Sachs’ rule that you have to have some skin in the game to be on the board. Good for them.
Finally, Dollar Tree’s $DLTR CFO just bought over $1.2 million in stock.
CFOs almost never miss. They consistently make some of the best insider moves. We see it over and over.
They know and understand the company’s performance and financial situation better than anyone. When they buy, it’s because they see or know something the rest of us don’t.
In the case of DLTR, the stock has been decimated in recent years. It’s down 55% from its highs back in 2022.
But now with rumors of private equity circling dollar stores and the stocks carving out tactical reversals, we’re seeing an insider come out and buy in size.
This one simply checks a lot of boxes right now. It’s the top insider buy of the week.
I followed the CFO into DLTR Friday as the stock was breaking out to its highest level since Q3 last year.
I’m long above 77.
DG looks great too.
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