Every weekend, I dive into our insider activity tracker looking for the most interesting and bullish buys — there’s always something good.

Here’s this week’s most notable activity:

The most notable insider activity this week came from Toyota Motor Corp, which dropped an additional $250 million into Joby Aviation $JOBY. 

That’s as big as it gets. When a global giant like Toyota is writing checks of that size, it demands our attention. 

Alfonso wrote a deep dive report on this theme recently, highlighting several trade ideas tied to Toyota’s growing portfolio of mobility investments.

Next up is Xerox Holdings $XRX, where multiple executives — including the CEO, CFO, President, and COO — all stepped in to buy. None of them bought too much, to be clear, but it still stands out. 

I’ve been tracking insider transactions for the past three years.

I’ve learned a ton along the way.

From Form 4s and 13Ds/Gs to political filings—hedge funds, the C-suite, you name it. 

There are a million reasons insiders sell: paying for a wedding, getting divorced, buying a house, taking a vacation. But there’s only one reason they buy. And that’s because they think the stock’s going up.

I’ve seen it all—from Nancy Pelosi riding the Mag 7 wave, to CEOs and CFOs stepping in during selloffs, and top hedge funds putting serious skin in the game. We cover all these different insiders. 

Sometimes there’s something there. Sometimes there’s not. 

This morning, we got a big one. I woke up to a monster Form 4 from Toyota Motor showing a $250 million investment in Joby Aviation $JOBY.

Joby’s building electric aircraft for urban air...

Every weekend, I dive into our insider activity tracker looking for the most interesting and bullish buys — and let me tell you, this week stood out with a rare mix of high-conviction buys.

Let’s break it down:

The most important insider buy this week came from Organon & Co $OGN.

Both the CEO and CFO stepped in together, scooping up nearly $400K worth of stock. 

You don’t often see that kind of coordinated action from the top two execs — and when you do, it usually means they’re expecting significant upside, and soon. 

Next, we’ve got MiMedx Group $MDGX, where the CEO Joseph H. Capper bought over $1.2 million worth. 

That’s a strong show of confidence in a biotech name that’s been flying under the radar.

Hillman Solutions $HLMN also saw some bullish buying — their CFO & Treasurer reported nearly...

Every weekend, I dive into our insider activity tracker looking for the most interesting and bullish buys — and let me tell you, this week stood out with a rare mix of high-conviction buys.

Let’s break it down:

The most important insider buy this week came from Tesla $TSLA.

Airbnb co-founder and Tesla board member Joe Gebbia bought 4,000 shares on April 28 at around $256 per share — dropping over $1 million into the stock.

This was Tesla’s first insider purchase in nearly five years. 

A move like this from someone on the board suggests a signal of confidence 

Remember that there are many reasons an insider would sell… to buy a house, pay for a wedding, go on vacation. But there’s only one reason they buy:

They think the stock’s going higher.

And with all the bearish sentiment surrounding...

Every weekend, I dive into our insider activity tracker looking for the most interesting and bullish buys — and let me tell you, this week didn’t disappoint.

Let’s break it down:

The Hot Corner continues to light up, with political filings stealing the spotlight once again.

Sen. Ashley Moody was active, making sizable buys in Nvidia $NVDA and Super Micro Computer $SMCI — dropping between $100K and $250K into each.

This purchase is significantly larger than the typical size seen in political filings, making it a bold move that definitely grabs my attention.

And with Tech reclaiming the leadership this month, these are exactly the kinds of stocks we want on our radar.

Meanwhile, Sen. Michael McCaul was busy, buying shares in  Netflix $NFLX and CACI International $CACI.

NFLX continues to stand out as one of the strongest names in the...

Every weekend, I review our insider activity tracker looking for the most interesting and bullish buys — and let me tell you, this week was packed with a lot of action.

Let’s break it down:

We’re talking about members of Congress — the folks with access to briefings the rest of us never see — stepping in and loading up on some of the biggest names out there:

• Advanced Micro Devices $AMD
• BlackRock $BLK
• Cboe Global Markets $CBOE
• Apple $AAPL
• Meta Platforms $META

That’s real exposure, and it tells us these political insiders think these stocks are going higher. 

AMD and BLK were larger buys than we’re used to seeing in congressional filings. 

At the same time, one of the sharpest money managers in the game just made a big move. 

Gamco Investors, led by Mario Gabelli,...

The other day, I wrote about how the Consumer Discretionary Sector $XLY is testing a critical polarity level.

This is one of the most risk-on groups in the market.

Bulls want to see these consumer stocks hold the line—if they do, and the market rebounds, XLY should be a good place to be.

And when we talk about consumers, we have to talk about retailers. 

Some of the largest retail stocks in our universe are at or near key levels right now. 

Let’s dive in and talk about some of our favorites:

First up, the largest retailer in the world—Amazon $AMZN.

In January, chief congressional whale Nancy Pelosi bought between $250K–$500K worth of stock. 

Say what you want about her, but when Nancy...

I’m really grateful for the path I took in getting where I am today.

I wasn’t always hanging out on an island trading and covering the stock market.

I put in my time. 

I started my career in the Big 4, auditing some of the largest financial institutions in the world.

I spent long nights ticking and tying financial statements and testing derivative valuations for companies like Morgan Stanley and Interactive Brokers.

I know the strangest things about these companies' fundamentals and their history. I made friends and memories I’ll never forget. I was in the room for some historic market events. When I think back on some chapters of my early adult life, they were literally set in these offices. 

But none of the non-public information I learned at these places back in the day is relevant or material now. I have an insider's understanding of these businesses, but no special information about them. 

And I don’t need it. I’m a long-term bull on a lot of these companies simply because of the people who run them. Some have been great mentors over the...

Rep. Nancy Pelosi, no stranger to headline-grabbing stock moves, is back in the spotlight with her latest Periodic Transaction Report—and it’s a big one.

The former Speaker of the House is making bold plays in some of the hottest sectors, doubling down on AI, and other growth trends, while dumping shares in Apple.

Here’s an update of her filing from Friday:

Pelosi recently sold 31,600 shares of Apple $AAPL, with a transaction value of roughly $8 million.

While she has been bullish on Apple in the past, this marks a notable reduction in her exposure. We know that she acquired about half the shares she just sold via call options back in May 2022. She made more than 80% on them.

So, Nancy is bearish Apple. But, we don’t follow her for her insider sales, we follow the Pelosi portfolio because it has been early to some of the best trends in growth investing. The Pelosi’s were early to NVDA. She has...

I like to lean on bellwethers when I’m on the fence about a theme or area of the market.

The term bellwether comes from agrarian times. It was used to describe the sheep that leads the flock. They would put a bell around its neck.

Stock market bellwethers are similar.

To me, a bellwether is a stock that represents a broader group of stocks. These companies usually dominate their industries. Many times, they are secular leaders also.

We’re talking about JP Morgan in the world of financials. Caterpillar for industrials. Amazon and Walmart for the consumer. You get it.

And bellwethers are also vehicles. They are among the many alternatives at our disposal when we choose to express a thesis on something. They are usually some of the most liquid as well.

I use them when I am trying to keep it simple.

I am always thinking about what vehicle is best....