Author: FX_Trdr

As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy — they expect to make money. So let’s look at two noteworthy recent insider buys.

White House and Congressional leaders plan Friday meeting as deep automatic spending cuts actually kick in. White House spokesman Jay Carney says the administration remains hopeful for a compromise.

Capital One Financial (COF) had its numbers lowered by Jefferies (JEF) due to the sale of the Best Buy card portfolio. A buy rating was issued with a price target of $60.

In trading on Tuesday, general contractors & builders shares were relative leaders, up on the day by about 1.7%. Leading the group were shares of Hovnanian Enterprises (HOV), up about 3.3% and shares of Pultegroup (PHM) up about 3.1% on the day.

Film of Austrian girl’s hostage ordeal premieres; Janet Jackson says she married Al Mana last year; Television ratings up for Oscars, to 40.3M people.

Campbell Soup (CPB) had its numbers increased by Credit Suisse (CS) as the soup market has been stable. AN underperform rating was issued with a price target of $40.

Mobile Mini (MINI) had its numbers increased by Oppenheimer (OPY) due to an improved business environment. An outperform rating was issued with a price target of $29.

In trading on Monday, precious metals shares were relative leaders, up on the day by about 1.9%. Leading the group were shares of Sandstorm Gold Limited Ord (SAND), up about 6% and shares of Endeavour Silver (EXK) up about 6% on the day.

Barnes & Noble has decided to shift focus away from its Nook device, LG announced it will acquire HP’s webOS, and Jennifer Lawrence stumbles at the Oscars.

Sterling falls to a two-and-a-half year low against the dollar and a 16-month trough against the euro after the loss of one of the UK’s prized triple-A credit ratings. The downgrade has put UK Finance Minister George Osborne under increasing pressure. Hayley Platt reports.