Author: FX_Trdr

The Daily Ticker’s Henry Blodget and Aaron Task discuss the Los Angeles City Council’s decision to institute “Meatless Mondays”

Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned cash to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.

In trading on Wednesday, manufacturing shares were relative leaders, up on the day by about 1.8%. Leading the group were shares of Kior (KIOR), up about 17.1% and shares of Sierra Wireless (SWIR) up about 7.3% on the day.

President Barack Obama says the economy cannot afford a tax increase on all Americans and is calling on congressional Republicans to support an extension of existing tax rates for households earning $250,000 or less.

Michael Kors Holdings (KORS) announced that fiscal second-quarter net income more than tripled. The retailer said that it earned $97.8 million, or 49 cents per share, up from $31.6 million, or 22 cents per share, in the same period last year.

Eaton Vance (EV) was upgraded by Bank of America/Merrill Lynch to neutral from underperform with a price target of $32 as the company’s tax managed products are attractive to customers. Shares are higher by about 1.1 percent.

National Interstate Corporation (NATL) maintained its quarterly dividend of 10 cents per share. The company also declared an additional one-time special dividend of $2.00 per share.

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.

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 one noteworthy recent insider buy.

In trading on Tuesday, general contractors & builders shares were relative leaders, up on the day by about 1.3%. Leading the group were shares of Hovnanian Enterprises (HOV), up about 3.6% and shares of Mdc Holdings (MDC) up about 2.6% on the day.