It’s not easy to be an investor right now. There are wild swings in stocks… the Federal Reserve has no clue what it’s doing… the Treasury Department is bankrupting us in real-time… and there’s a very high chance that we’ll experience a “hard landing” this year.
But I know where the bottom will be. It will come when all of the executives at S&P 500 companies collectively buy their stock.
Insider buying is the most important anomaly in the financial markets. Insiders exploit value in their stocks – and it’s a huge boon to investors who pay attention.
So, what does it say about the financial sector after this regional banking crisis that insiders are LOADING UP on their stocks?
Do you want to know who is buying right now?
I’ll tell you. Just keep reading.
<3 Insider Buying
I love insider buying for one reason. The executives at the company are setting a floor on their own stock. Who knows the business model and future outlook better than the CEO?
Who knows the true rational value of the stock better than the CFO?
And why wouldn’t I be confident when they spend their money on their stock? When laying down their own money to buy their stock, insiders fill a Form 4 document with the Securities Exchange Commission (SEC). I track all of this insider buying activity every day.
So, I’ll share with you the biggest insider buys in the financial sector over the last 10 days from the CEOs and CFOs.
Typically, people charge MASSIVE amounts of money for this knowledge… but I’m such a nice guy.
Insiders are Loading Up on these Financial Stocks
It’s been a wild last month, given the state of the regional banking crisis. But while names like PacWest (PACW) are still under pressure, CEOs and CFOs are using their recent stock price weakness to buy up shares.
I was especially interested in the four purchases of shares at Trustco (TRST), a community bank with a market cap of just around $525 million. Shares are trading at 0.86x tangible book value, meaning that the stock is worth less than the sum of its parts.
Shares are worth $27.61 today, but the sum of the parts is around $32.00. Leaders at the company have been LOADING UP over the last week. Here’s a breakdown of insider buying at the executive level over the last 10 days.
Remember, these purchases are done with the executives’ own money. This isn’t a stock option award. They’re buying their own stock because they believe it is undervalued and likely to move higher.
When something is worth less than the sum of its parts, and we can qualitatively see the real value, it’s time to buy.
That’s the basis of Tactical Wealth Investor, my monthly newsletter that taps into incredible value and income opportunities that this market has presented.
I just released a report on a new stock that is trading for 65 cents on the dollar… with a 10% dividend.
Not only are they in the financial space, but they might soon be the only game in town for a 12-figure business that every American is tied to at this moment.
Do yourself a favor and sign up for Tactical Wealth Investor. This company is the ultimate retirement and inflation-busting name.
To your wealth,
Garrett Baldwin
*This is for informational and educational purposes only. There is an inherent risk in trading, so trade at your own risk.
Market Momentum is Red
Yep, CPI was good, and the market sold off. That’s how this works. We’re now watching for a continued breakdown in the equity space as we barrel toward the debt ceiling limit. We need to keep our hedges in place, and we have to understand how momentum operates in this environment. When we hit oversold levels on a 30-minute chart, don’t be afraid to buy for a short-term trade. But when momentum is negative, the trend is lower highs and lower lows.
