We saw another choppy week in the stock market thanks in no small part to news out of the Federal Reserve.
Recent comments from different members of the Federal Open Market Committee and minutes from the previous meeting suggest they’re on course to tackle rising inflation more aggressively — finally.
Those fears gave momentum to a midweek sell-off, opening the door to strong plays to the downside like we saw with New Money Crew Weekend Watchlist member Ford Motor Co. (NYSE F) as shares tumbled 9% from Monday’s open.
It’s been a tricky market to trade of late, but the New Money Crew strategies continue to grind out winners along the way.
Our Wiretap Alerts strategy managed to close on another hat trick of winning trades…
Meanwhile, Weekly Blitz Alerts was able to reel in nice gains on Marvell Technology Inc. (Nasdaq: MRVL) and Vistra Corp. (VST).
But the big news this week was big names dropping big cash on high-profile companies.
And that’s what we’re focusing on for our the latest New Money Crew Weekend Watchlist…
New Money Crew Weekend Watchlist for April 8
Spending $2.9 billion on Twitter Inc. (NYSE: TWTR) stock is a tough act to follow, but Tesla CEO Elon Musk just got upstaged by another billionaire who knows a thing or two about being the richest man in the world…
On Wednesday, Warren Buffett and Berkshire Hathaway Inc. (NYSE: BRK-A) have been on a spending spree in recent weeks, taking an 11.4% position in tech hardware company HP Inc. (NYSE: HPQ).
Berkshire has struggled to deploy its mountain of cash reserves through the pandemic bull run as company valuations ballooned. But with the recent downturn, the king of value investing is back in the spotlight.
His purchase of HP shares comes just two weeks after Berkshire’s last round of buying in Occidental Petroleum Corp. (NYSE: OXY). Between March 2 and March 14, Berkshire scooped up more than $4.6 billion shares of the energy name for a 14.6% stake. If any of that sounds familiar, it’s because OXY made the New Money Crew Weekend Watchlist for March 4.
Musk and Buffett are a couple of the biggest hitters out there whose share purchases can serve as a catalyst for a big move.
Unlike these high-profile players, most corporate insiders aren’t going to make splashy headlines when they buy stock.
Which means that retail traders are more likely to miss out on the action…
If you ask me, this is just the tip of the insider buying iceberg waiting to hit the market.
That’s why knowing where that money is coming from is one of the most critical pieces of information traders can have.
It’s also why we’re putting Twitter, HPQ and OXY on our New Money Crew Weekend Watchlist.
P.S. Corporate insiders raked in a record-breaking $69 billion in trading returns in 2021…
It’s led many to believe these huge gains made by top-ranking corporate executives have spiraled out of control. And for good reason…
If you’re one of the many American investors who feel cheated, you’ll want to check out what New Money Crew Head Trader Lance Ippolito has to say…
He believes this $69 billion spiral is one of the best opportunities in the stock market… if you know how to play it, of course!
