Thanks to everyone who joined us for today's Hot Corner Insider Weekly Strategy Session.

The standout insider transaction of the day comes from Carlos Slim's investment company, Control Empresarial de Capitales S.A.

In another big move, the billionaire's firm revealed an $8.7 million purchase of PBF Energy $PBF shares via a Form 4 filing. 

When one of the world's richest men starts putting serious money to work, it's a signal worth watching closely.

Slim and Control Empresarial have been accumulating shares in PBF all year.

Here’s The Hot Corner, with data from November 27, 2024:

In another Form 4, the chairman and CEO of Truist Financial Corporation $TFC, William Rogers Jr, revealed an acquisition of 34,180 shares, equivalent to $1.6 million.

And do you remember all the insider buying in solar stocks recently?

The most notable insider transaction today is revealed in a Form 4 filing by John F. Barry, CEO of Prospect Capital Corporation $PSEC.

Barry revealed an additional purchase of PSEC shares with a total value of $4.7 million.

After a 50% drawdown in recent years, PSEC pays a sky-high 11.4% dividend. The company announced its first cut since 2017 just a few weeks ago, causing a 20% selloff in the stock. 

PSEC has established a tradable low and rebounded in the weeks since, and now the CEO is stepping in with $13 million in share purchases.

It sure looks like brighter days are ahead for this battered financial stock.

Another CEO on today's list is Gregory S. Daily of i3 Verticals $IIIV. The chief executive just reported a purchase of 88,544 shares worth $2.1 million, underscoring significant confidence in...

After a tough year, solar stocks might finally be catching some rays of hope.

In just the last two weeks, we’ve seen multiple insiders step in and report significant purchases in some of the top solar names.

While it’s too soon to call a bottom, this cluster of insider activity sends a strong signal that buyers are creeping back into the solar industry.

It’s not just who’s buying—it’s how and when. This lines up perfectly with the broader market environment, where the best setups have been in cycle laggards—and solar is definitely one of them.

In the coming days and weeks, we’ll watch for the technicals to confirm all this bullish insider buying.

For most solar stocks, it’s just a matter of holding the recent lows. Considering the sizable short interests in a lot of these names, we could get some material rebound rallies in the...

The most notable insider transaction today is revealed in a Form 4 filing by James Mikolaichik, the new CFO and Treasurer of United Parks & Resorts $PRKS. 

Mikolaichik purchased 34,000 shares at $57.29 per, a total investment of $1.94 million.

CFOs are the insiders to watch – they know the numbers, from revenue trends to cost structures. 

James Mikolaichik is no exception. With a proven track record in the travel and leisure industry as CFO at MyEyeDr. and Diamond Resorts, he brings the kind of expertise that catches our attention.

Here’s The Hot Corner, with data from November 25, 2024:

In another Form 4, the CEO of Prospect Capital Corporation $PSEC revealed a purchase of $4.6 million.

Last but not least, director Joan Amble acquired 2,000 shares of Booz Allen Hamilton Holding Corporation $BAH, for a total amount of $294,260.

Director Michael J. Angelakis, CEO of the investment company Atairos Group, and former CFO of Comcast, has acquired 3,465,000 shares of Clarivate Plc $CLVT.

We always take note when executives with a CFO background make significant insider purchases, as their financial insight provides us some of the best Hot Corner buy signals.  

The co-founder and vice chairman of Oscar Health $OSCR reported a purchase of $3.1 million of his own stock in a recent Form 4.

Here’s The Hot Corner, with data from November 22, 2024:

RA Capital Management filed a 13G for Arcellx Inc $ACLX revealing an initial stake of 5.20%.

RA Capital's expertise is particularly recognized in the biotech space, where they help companies move from concept to commercialization, making them influential in driving value in the life sciences industry.

The firm's top holdings are Ascendis Pharma $ASND, Vaxcyte $PCVX...

The most significant insider transaction today is a Form 4 filing by Carl Icahn.

Icahn added 19,174 shares of CVR Partners $UAN, marking an additional investment of $1.3 million. He now owns around $4 million in shares, representing a 37.74% ownership stake in the company.

When heavyweights like Icahn step up, it's always worth paying attention.

Carl Icahn is one of the most successful and influential investors of all time, known for pioneering activist investing.

Notable wins include $2 billion from Netflix, shareholder reforms at Apple, and profits from Texaco and TWA.

Here’s The Hot Corner, with data from November 21, 2024:

Pictet Asset Management filed a 13G for Five9 $FIVN revealing an increase in ownership from 6.00% to 9.10%.

In another Form 4, Control Empresarial de Capitales SA bought 250,000 shares of PBF Energy Inc $PBF,...

Paul J. Friborg director at Estee Lauder Companies $EL continues to build a position in his own company’s stock.

This time, Friborg revealed a $5 million purchase, following a $10 million purchase earlier this week.

Here’s The Hot Corner, with data from November 20, 2024:

In another Form 4, Merchants Bank $MBIN director Patrick D. O'brien revealed a purchase of MBIN stock with a total value of $2,000,000.

The CEO of Enphase Energy $ENPH revealed the acquisition of 5,000 shares, equivalent to $308,727.

Solar stocks have fallen off a cliff since they peaked in 2021. But we’re now seeing multiple executives stepping in to buy shares in their own companies.

We’ve seen filings from top decision-makers at SolarEdge Technologies $SEDG, Sunnova Energy...

Thanks to everyone who joined us for today's Hot Corner Insider Weekly Strategy Session.

Here are the top three takeaways from the call:

• Small-caps hold the line

The S&P Small Cap 600 Index $IJR pulled back to test former resistance, which is now acting as support.

Buyers stepped in to defend this critical level, leaving the post-election gap partially filled:

As long as prices hold above the prior cycle highs, this is a bullish pattern resolution.

• Big-cap tech losing leadership?

The summer sell-off looks like the initiation of a new downtrend for the XLK/SPY ratio.

This is happening exactly where the ratio peaked during the dot-com bubble.

The current market playbook has shifted: smaller, more speculative stocks are stepping up as the new leaders while the...

Solar stocks are lighting up our Hot Corner universe again.

This time, Form 4 purchases are stealing the spotlight:

• Sunnova Energy International $NOVA director Mohamed Akbar just dropped $389,728 on his own stock.
• Array Technologies’ $ARRY CEO stepped up too, buying 14,430 shares.

When these executives start putting their skin in the game, and it comes in clusters, it's worth taking notice.

Even though solar stocks have been among the most hated in the entire market, they might be close to a turning point…

Here’s ARRY consolidating at a shelf of former lows:

There isn’t a more logical place for ARRY to dig in and rebound, than at the current support level. 

Here’s The Hot Corner, with data from...