DELAFIELD, Wis. (Stockpickr) -- Corporate insiders sell their own companies' stock for a number of reasons.
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They might need the cash for a big personal purchase such as a new house or yacht, or they might need the cash to fund a charity. Sometimes they sell as part of a planned selling program that they have put in place for diversification purposes, which allows them to sell stock in stages instead of selling all at one price.
Other times they sell because they think their stock is overvalued and the risk/reward is no longer attractive. Some even dump their own stock because they have inside knowledge that a competitor is eating their lunch and stealing market share. But insiders usually buy their own shares for one reason: They think the stock is a bargain and has tremendous upside. >>5 Stocks Set to Soar on Bullish Earnings The key word in that last statement is "think." Just because a corporate insider thinks his or her stock is going to trade higher, that doesn't mean it will play out that way. Insiders can have all the conviction in the world that their stock is a buy, but if the market doesn't agree with them, the stock could end up going nowhere. Also, I say "usually" because sometimes insiders are loaned money by the company to buy their own stock. Those loans are often sweetheart deals and shouldn't be viewed as organic insider buying. At the end of the day, its large institutional money managers running big mutual funds and hedge funds that drive stock prices, not insiders. That said, many of these savvy stock operators will follow insider buying activity when they agree with the insider that the stock is undervalued and has upside potential. This is why it's so important to always be monitoring insider activity, but it's twice as important to make sure the trend of the stock coincides with the insider buying. >>5 Stocks Under $10 in Breakout Territory Recently, a number of companies' corporate insiders have bought large amounts of stock. These insiders are finding some value in the market, which warrants a closer look at these stocks. Here's a look at five stocks whose insiders have been doing some big buying per SEC filings.
Top Regional Bank Stocks To Own Right Now: Questcor Pharmaceuticals Inc.(QCOR)
Questcor Pharmaceuticals, Inc., a biopharmaceutical company, provides prescription drugs for the treatment of auto-immune diseases. The company?s primary product is H.P. Acthar Gel (repository corticotropin injection), an injectable drug for the treatment of acute exacerbations of multiple sclerosis; infantile spasms in infants and children under two years of age; nephrotic syndrome; and Lupus. Questcor Pharmaceuticals, Inc. was founded in 1990 and is headquartered in Anaheim, California.
Advisors' Opinion:- [By Selena Maranjian]
Other companies didn't do as well last year but could see their fortunes change in the coming years. Questcor Pharmaceuticals (NASDAQ: QCOR ) , for example, sank 17% and recently yielded 2.1%. It's largely known for its multiple-sclerosis (MS) drug, Acthar, that has sold well in the past, and is being evaluated for many more indications. Questcor's management is extremely well regarded, and its dividend was increased by 25% earlier this year. The stock has been heavily shorted, but short interest is shrinking, and some see it as a bargain. Questcor has bought the not-yet-approved-in-the-U.S. immune drug, Synacthen, a possible rival product, from Novartis.
- [By Seth Jayson]
Questcor Pharmaceuticals (Nasdaq: QCOR ) reported earnings on April 30. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Questcor Pharmaceuticals whiffed on revenues and whiffed on earnings per share.
Hot Consumer Service Companies To Buy For 2015: Virco Manufacturing Corporation(VIRC)
Virco Mfg. Corporation engages in the design, production, and distribution of furniture for the commercial and education markets in the United States. The company offers seating products, including cantilever chairs, tablet arm chairs, rockers, hard plastic seats, backrests, work surfaces, task chairs, classroom chairs, stack chairs, folding chairs, upholstered stack chairs, plastic stack chairs, and upholstered ergonomic chairs, as well as provides various seating product for students in college, university, other adult education settings, and on high school campuses. It also offers folding and banquet tables, activity tables, office tables, computer tables, and mobile tables, as well as table products for working and learning environments, seminars, and conferences; and computer furniture, including keyboard mouse trays, CPU holders, support columns, desks and workstations, and specialty tables and other products for computing applications. In addition, the company provi des chair desks, combo units, teacher desks, and tablet arm units, as well as a collection returns and credenzas. Further, it offers administrative office furniture, such as desks, returns, and bookcases; laboratory furniture, including steel-based science tables, table bases, lab stools, and steel foot-rings for biology and chemistry classes, and other school and college based lab settings; and mobile furniture comprising mobile tables for school cafeterias and mobile chairs for school settings and offices, as well as provides handling and storage equipment and manufactures stackable storage trucks. The company?s brand portfolio primarily includes ZUMA, ZUMAfrd, Ph.D., I.Q. Virtuoso, Classic Series, Martest 21, Lunada, Plateau, Core-a-Gator, Future Access, Sigma, Metaphor, Telos, TEXT, and Parameter. It also serves convention centers and arenas, hospitality providers, government facilities, and places of worship. Virco Mfg. Corporation founded in 1950 and is based in Torra nce, California.
Advisors' Opinion:- [By John Udovich]
Small cap office furniture stock Steelcase Inc (NYSE: SCS) jumped 11.66% after beating earnings expectations, meaning it might be time to take a closer look at the stock along with potential office or commercial furniture stock peers like�HNI Corp (NYSE: HNI), Knoll Inc (NYSE: KNL) and Virco Mfg. Corporation (NASDAQ: VIRC). After all, the performance of any company selling office or commercial furniture would tend to give some insights into the office or employment markets.
Hot Consumer Service Companies To Buy For 2015: Texas Capital Bancshares Inc.(TCBI)
Texas Capital Bancshares, Inc. operates as the holding company for Texas Capital Bank, National Association that provides various banking products and services for commercial and high net worth customers in Texas. It primarily engages in generating deposits and originating loans. The company?s deposit products include consumer checking accounts, savings accounts, money market accounts, and certificates of deposit, as well as commercial checking accounts, lockbox accounts, cash concentration accounts, and other treasury management products. Its lending products portfolio comprises commercial loans and leases; real estate loans, including loans secured by properties, and temporary financing for commercial and residential property; construction loans consisting of single-family residential properties and commercial projects; loans held for sale; and letters of credit. The company also provides trust and wealth management services, including investment management, personal tr ust and estate services, custodial services, retirement accounts, and related services, as well as offers retirement products, including individual retirement accounts and administrative services for retirement vehicles, such as pension and profit sharing plans. Texas Capital Bancshares, Inc. has banking offices in Dallas, Houston, Fort Worth, Austin, San Antonio, and the Cayman Islands. As of December 31, 2010, it conducted business at nine full service banking locations and one operations center. The company was founded in 1996 and is headquartered in Dallas, Texas.
Advisors' Opinion:- [By John Udovich]
Texas has set another record for job creation�with small cap Texas banking stock like Texas Capital Bancshares (NASDAQ: TCBI), ViewPoint Financial Group (NASDAQ: VPFG) and First Financial Bankshares (NASDAQ: FFIN) naturally being well positioned to take advantage of the Texas economic miracle (see my previous article: Texas is Booming and So Are These Texas Stocks (EE, TPL & ATO)). I should�add that I wrote about�these Texas banking stocks back in late 2012�(see: Don�� Mess With Texas Banking Stocks TCBI, VPFG & FFIN) and the Texas Workforce Commission has just�reported that the Texas economy added 36,400 jobs in September while over the past 12 months, employers added 413,700 jobs ��the most ever recorded by the state. Moreover, several companies surveyed by the Dallas Fed responded by saying�they are seeing labor market tightness�while companies are saying they are experiencing upward wage pressures�and�staffing�firms�note that�candidates are often receiving multiple offers.
- [By Charley Blaine]
Also in the list: Bank of America (NYSE: BAC), up 13.31 percent; Citigroup (NYSE: C), up 8.8 percent; U.S. Bancorp (NYSE: USB), up 5.33 percent; and Texas Capital Bancshares (NASDAQ: TCBI) up 8.18 percent.
Hot Consumer Service Companies To Buy For 2015: SGOCO Group Ltd(SGOC)
SGOCO Group, Ltd. designs, manufactures, and distributes liquid crystal display (LCD) consumer products in the People?s Republic of China and internationally. Its products include LCD personal computer monitors, LCD televisions, light emitting diode back-light modules, and application-specific LCD systems. The company also provides custom manufacturing services for application-specific LCD monitors, such as rotating screens, CCTV monitors for security systems, billboard monitors for advertising and public notice systems, and touch screens for non-keyed entries. SGOCO Group, Ltd. sells its products under the SGOCO, Edge 10, POVIZON, and No. 10 brands through a network of independent retail outlets operating under the ?SGOCO Image? name. The company offers its products to industry clients, such as medical centers, educational institutions, government complexes, public emergency response systems, and corporate offices, as well as to retail customers. As of December 31, 201 0, it had 603 retail stores covering 14 provinces and municipalities in the People?s Republic of China. The company, formerly known as SGOCO Technology, Ltd., was founded in 2006 and is based in Beijing, China.
Advisors' Opinion:- [By John Udovich]
Small cap flat panel display stock�Universal Display Corporation (NASDAQ: OLED) was hit by bearish news in late November and the trend lines on its technical�charts appear to be confused as to what direction the stock will head, meaning its probably time to take a closer look at the situation along with the stock�� performance verses that of flat panel display peers like large cap Corning Incorporated (NYSE: GLW)�and small cap players like Daktronics, Inc (NASDAQ: DAKT) and SGOCO Group Ltd (NASDAQ: SGOC)
- [By Roberto Pedone]
SGOCO Group (SGOC) engages in designing and developing LCD/LED monitors, TVs and other application-specific products for sale primarily to the flat-panel display market in China. This stock closed up 8.8% to $2.58 in Tuesday's trading session.
Tuesday's Range: $2.26-$2.59
52-Week Range: $0.70-$3.40
Tuesday's Volume: 146,000
Three-Month Average Volume: 522,556From a technical perspective, SGOC bounced sharply higher here right off some near-term support at $2.25 with lighter-than-average volume. This stock has been uptrending strong for the last month and change, with shares moving higher from its low of $1.51 to its recent high of $3.10. During that move, shares of SGOC have been making mostly higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of SGOC within range of triggering a major breakout trade. That trade will hit if SGOC manages to take out some near-term overhead resistance levels at $3.10 to its 52-week high at $3.40.
Traders should now look for long-biased trades in SGOC as long as it's trending above $2.25 or its 50-day at $1.92 and then once it sustains a move or close above those breakout levels with volume that's near or above 522,556 shares. If that breakout hits soon, then SGOC will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $4 to $4.50.
- [By John Udovich]
Large cap glass and ceramics technology stock Corning Incorporated (NYSE: GLW) has put in a good performance since announcing a deal with Samsung back in October, meaning its probably time to take a closer look at the stock along with the performance of�potential peers (either upstream or downstream on the OLED and liquid crystal display side of the glass business) like�small cap players like Daktronics, Inc (NASDAQ: DAKT), SGOCO Group Ltd (NASDAQ: SGOC) and Universal Display Corporation (NASDAQ: OLED). I should note that we have recently added Corning Incorporated to our SmallCap Network Elite Opportunity (SCN EO) portfolio because we believe the�company�� position as it relates to�glass and ceramics puts it in�a sweet spot�for the�next generation flexible screens and mobile wearables. But that�� not all there is to like about this stock.
- [By John Udovich]
Small cap display stock SGOCO Group Ltd (NASDAQ: SGOC) just sank 27.89% after reporting earnings, meaning its worth taking a closer look at it along with some other innovative display stocks like�Corning Incorporated (NYSE: GLW) and Universal Display Corporation (NASDAQ: OLED). After all, just about every new consumer gadget along with cars and even appliances are incorporating display technology. I should also mention that we have had Corning Incorporated in our SmallCap Network Elite Opportunity (SCN EO) portfolio since early December (we are up around 29.20%) as we believe the company is in the sweet spot for next generation flexible screens and mobile wearables.
Hot Consumer Service Companies To Buy For 2015: M.D.C. Holdings Inc. (MDC)
M.D.C. Holdings, Inc., through its subsidiaries, engages in homebuilding and financial services businesses in the United States. Its homebuilding business activities include the purchase of finished lots or development of lots for the construction and sale of single-family detached homes to first-time and first-time move-up homebuyers under the Richmond American Homes name. The company�s financial services business activities comprise the origination of mortgage loans primarily for homebuyers; provision of third-party insurance products to homebuyers; and title agency services to homebuyers in Colorado, Florida, Maryland, Nevada, and Virginia. It also provides insurance coverage on homes sold and for work performed in completed subdivisions; and re-insures the claims. M.D.C. Holdings, Inc. was founded in 1972 and is based in Denver, Colorado.
Advisors' Opinion:- [By Ben Levisohn]
Combine that with an ever-so-slightly lower 10-year yield and you have a recipe for a housing rally. Hovnanian has gained 2.8% to $5.18, but that was nothing compared to other gainers today. PulteGroup (PHM) has jumped 8.1% to $16.73, MDC Holdings (MDC) has risen 7% to $29.59, D.R. Horton (DHI) has climbed 6.6% to $19.30 and the Ryland Group (RYL) is up 5.9% at $37.98.
Hot Consumer Service Companies To Buy For 2015: Level 3 Communications Inc.(LVLT)
Level 3 Communications, Inc. engages in the communications business in North America and Europe. It offers network and Internet services, including transport services, high speed Internet protocol services, dedicated Internet access, virtual private network services, and dark fiber services, as well as managed modem, an outsourced, turn-key infrastructure solution; and colocation services. The company also provides various media services, comprising Vyvx services that provide audio and video feeds over fiber or satellite; content delivery network services; media delivery services to customers seeking to manage, protect, and monetize content delivered over the Internet; a range of local and long distance voice services, such as voice over Internet protocol (VoIP) and traditional circuit-switch based services; and VoIP Enhanced Local, a VoIP service that enables broadband cable operators, IXCs, VoIP providers, and other companies operating their own switching infrastructure to launch IP-based local and long-distance voice services through a broadband connection. Level 3 Communications? media services also consist of SIP Trunking, a VoIP-based local phone service; Local Inbound service that terminates traditional telephone network originated calls to Internet Protocol termination points; Primary Rate Interface, a TDM local phone service that could be configured in various ways; Long Distance services portfolio comprising local and long distance transport and termination services; and Toll Free services portfolio, which terminate toll free calls that are originated on the traditional telephone network. As of December 31, 2010, its network encompassed approximately 68,000 intercity route miles in North America and an intercity network covering approximately 13,000 miles across Europe. Further, it sells coal primarily through long-term contracts with public utilities. The company was founded in 1884 and is headquartered in Broomfield, Colorado.
Advisors' Opinion:- [By Holly LaFon]
Question: You have been a long-term investor of Level 3. The company has been doing poorly and in a lot of financial stress. What is your thesis in investing in Level 3 (LVLT)? Isn�� it a value trap?
Hot Consumer Service Companies To Buy For 2015: ICON plc(ICLR)
ICON Public Limited Company, a contract research organization, provides outsourced development services to the pharmaceutical, biotechnology, and medical device industries in Ireland, the United States, and rest of Europe. It specializes in strategic development, management, and analysis of programs that support various stages of clinical development process from compound selection to Phase I to IV clinical studies. The company?s clinical research services include investigator recruitment, study monitoring and data collection, case report form preparation, patient safety monitoring, clinical data management, interactive voice response, electronic patient reported outcomes, medical reporting, patient registries, outcomes research, and health economics. Its clinical research services also comprise marker access and commercialization services, strategic analysis and data operation, clinical pharmacology, bioanalysis, immunoassay development, pharmacokinetic and pharmacodynam ic analysis, study protocol preparation, regulatory consulting, product development planning, strategic consulting, medical imaging, contract staffing, and electronic endpoint adjudication. In addition, the company offers various laboratory services, such as sample analyses, safety testing, microbiology, custom flow cytometry, electronic transmission of test results, and biomarker development. ICON Public Limited Company was founded in 1990 and is headquartered in Dublin, Ireland.
Advisors' Opinion:- [By Louis Navellier]
European Stocks to Buy: ICON Public Limited (ICLR)
ICON Public Limited Company (ICLR) is a contract research organization, provides outsourced development services to the pharmaceutical, biotechnology, and medical device industries in Ireland, the United States, and Europe. They provide management, and analysis of programs that support various stages of clinical development process from compound selection to Phase I to IV clinical studies as well as lab services for companies conducting trials. The company has posted triple digit earnings gains and posted four consecutive positive earnings surprises in the past year. Analysts have been raising their estimates for the Irish company and Portfolio Grader raised the stock to an A last month. The stock is a strong buy at today�� price.
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