Insider Buying is Anemic- Insider Buying is Anemic- BUT WE STILL FIND SOMETHING TO BUY $APD,$CCI,$URI -try these names on for size Week Ending 7-26-19
Two large-cap buyers have excellent track records. Air Products and Chemicals (APD) CEO Ghasemi is batting 8 out of 9 on winning trades showing exemplary timing. It’s also very bullish when the CEO buys the stock at the top of the price range as was his $4.54 M buy at $227.16
Another interesting buy was Chairman Martin Landis purchase of cell phone tower REIT Crown Castle International (CCI) $2,07 M at $127.33. It’s hard to get excited by the meager dividend yield of 3.45% combined with the uncertainty of the Sprint Tmobile merger but Landis has a winning track record, 4 out of 4 according to the Washington Service. See the attached spreadsheet for more details.
Every Tom, Dick, and Harry wants a piece of the cannabis gold rush. Medicine Man is another mary jane startup I wouldn’t bet on.
United Rentals had a recent pullback on a quarterly earnings disappointment. The tradeable bounce may already be over with though.