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.

In trading on Friday, biotechnology shares were relative leaders, up on the day by about 0.6%. Leading the group were shares of Oncothyreon (ONTY), up about 10.8% and shares of Hemispherx Biopharma (HEB) up about 10.5% on the day.

The Daily Ticker’s Aaron Task talks to Jim Bianco.

Autodesk (ADSK) announced that it earned 48 cents per share on revenue of $568.7 million, below estimates of 49 cents per share and revenue of $593.5 million. The company expects a profit of 40-45 cents per share in the current quarter, and revenue in the range of $550 to $570 million, well below estimates of 50 cents per share and revenue of $601.3 million.

From FNNO.com, This is the financial news network. I’m Kimberly Odom. H&M moves forward with plans to open its largest store in the world, on Fifth Avenue in Manhattan. The new location will be a six-level, 57,000-square-foot site, at 589 Fifth Avenue. The store is set to open in 2013. Currently, H&M’s largest store in the world operates in The Forum Shops at Caesars in Las Vegas and exceeds 50,000 square feet. H&M made its grand entrance into the U.S. in 2000 by opening the first location on Fifth Avenue and 51st Street, only three blocks away from the new store. Since then, H&M has been taking over both Manhattan and the U.S. with store openings. There are 10 Manhattan locations and 247 across the United States. By the end of this year, H&M’s 11th Manhattan store will open in The Shops at Columbus Circle, making the 589 Fifth Avenue location number 12. For more financial news and analysis follow us on Twitter @FNNOnline or check out our website at fnno.com.

American Eagle (AEO) had its numbers raised by UBS (UBS) due to improved execution of the business strategy by the company. A neutral rating was issued with a $23 price target.

A weaker than expected jobless claims report sent stocks lower as did the unlikelihood of further stimulus from the Federal Reserve. The number of Americans filing for unemployment benefits rose to a 5-week high last week, up 4,000 to a seasonally adjusted 372,000, according to the Labor Department.

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.

In trading on Thursday, precious metals shares were relative leaders, up on the day by about 1.1%. Leading the group were shares of Entree Gold (EGI), up about 9.7% and shares of North American Palladium Limited (PAL) up about 6.8% on the day.

Hewlett-Packard (HPQ) announced that it lost $8.9 billion, or $4.49 per share, versus a profit of $1.93 billion, or 93 cents per share in the same period last year. Revenue was $29.7 billion versus $31.2 billion in the same period last year.