🩻 Week 45, 2024: Election Aftermath–How Trump’s Win Shakes Up the Market
Bitcoin surged to $80K – but should you be cautious or dive in?
To Smart Investors,
We’re back with fresh, unbiased data for this week in the US stock market.
The free weekly Podcast is here:
A New Bombshell is Coming to All Subscribers…
Unique Product in TradingView: Introducing My Custom Signals Indicator
I'm thrilled to announce my product that we are developing right in TradingView! Together with a team of three talented developers, I'm bringing you a custom Signals Indicator that's 99% identical to the one I used at the hedge fund, where I made over 200% in a year.
Below, you can see how my indicator perfectly predicted the Take Profit at the moment of the Buy Signal for SPY in the last three days.
The indicator will have alerts for Buys, Sells, Stop Losses, and Take Profits.
This powerful tool will be released in approximately two weeks and will be available exclusively to my paying subscribers. We are trying to release it ASAP, but don’t want to release a sub-par product.
The Signals Indicator will be compatible with all timeframes and financial instruments where technical analysis is applicable. Whether you're trading stocks, forex, commodities like oil, or indices like SPY 0.00%↑ , this indicator will empower you to make more informed trading decisions directly within the TradingView platform.
Please note that you will NOT be required to have a TradingView subscription to use this indicator, but you can get 60% off here.
Limited-Time Lifetime Pricing
To celebrate these monumental developments, I'm extending the current lifetime subscription price of $500 until the Signals Indicator is officially launched.
After the release, the lifetime price will increase to $2,000.
This is a unique opportunity to secure lifetime access to all our premium offerings—including the new Signals Indicator and our exclusive Telegram channel—at the current rate.
Other Important Announcements:
This week I have paused Telegram Signals for reasons that I will explain this week. I’ve Invested over $500,000 in an NVIDIA DGX B200 supercomputer to enhance our services. The Signals are going next level and changing a bit. I hope we launch again tomorrow.
The stock market went crazy after the Presidential Election. This week, I plan to publish a Donald Trump-adapted ETF Portfolio.
We're working hard on the new TradingView Indicator. It will be released when it’s ready, but we’re trying to release it as soon as possible.
This week, I will also post an analysis of the Telegram Signals over the last month and explain the discrepancies and issues some people had.
As always, I have also written a deep dive into last week’s market recap, my predictions for the next week, and an ELI5 (Explain Me Like I’m 5).
You can also find my typical quant data and the stock insiders’ significant buys/sells with my interpretation.
Every day, I post summaries of news relevant to Investors. I try to post about 30 minutes before the markets open and cover the last 24 hours of news. On the weekends, I post in the afternoon.
Today’s news:
10-year performance of Fortress of Solitude portfolio
This graph was generated by our friends at TradingView. Did you know you can get 60% off the Premium plan forever, even though it's not Black Friday?
S&P500 Heatmap over the last week
This graph was generated by our friends at TradingView. Did you know you can get 60% off the Premium plan forever, even though it's not Black Friday?
Excel data:
SPY in the last weeks
This graph was generated by our friends at TradingView. Did you know you can get 60% off the Premium plan forever, even though it's not Black Friday?
Technical Observations
📈 Recent Price Action
Buy Signals Activation:
The chart showcases multiple buy signals from my indicator at critical support levels. These signals align with periods of volatility compression, followed by explosive moves to the upside. This suggests strong bullish momentum during these entries.
Trend & Moving Averages:
The 200-period MA (dark blue line) is acting as a reliable support, indicating a stable long-term uptrend. Shorter-term moving averages (20 MA in orange, 50 MA in light blue) have crossed above the 200 MA, strengthening the bullish case.
ATR and RSI Insights:
ATR (Average True Range) spikes around each buy signal, indicating volatility, while RSI (not displayed but assumed) likely stayed in a favorable buying range, based on the trend's continuation post-signal. This volatility increase aligns with strong institutional buying pressure.
📉 Resistance Levels and Key Zones
Short-Term Resistance: The area around $598-$600 has shown heavy selling pressure, acting as a ceiling for recent price action.
Support Level: Strong support is observed at around $573, which is validated by recent bouncebacks. This level could serve as a key downside threshold in case of a pullback.
🔮 Projections for the Next Month
Bullish Continuation:
If SPY breaks above the $600 resistance, expect a potential rally towards $610-$615, marking a new high in line with the current uptrend.
With the trend supported by strong volume and institutional accumulation, the path of least resistance remains upward.
Possible Reversal Zone:
Failure to hold above $573 support could lead to a pullback, testing $560-$565 levels. However, this is less likely unless macroeconomic events trigger a significant market shift.
Watch for Consolidation:
Expect some consolidation between $590-$600 as SPY gathers momentum. This zone may become a battleground for bulls and bears, likely leading to more volatility.
Please send feedback and ideas using comments, PMs, or email. I answer all emails and PMs personally. No personal assistant BS here.
And, as always — stay informed — and do your own due diligence,
Jack the Signals Doctor, MIT PhD
Market Recap: November 4 - November 8, 2024 and Predictions for Next Week:
Executive Summary
The U.S. stock market experienced a significant surge during the week of November 4, 2024, driven by the presidential election results and a rate cut from the Federal Reserve. Major indices recorded their strongest weekly gains in a year, with the S&P 500, Dow Jones Industrial Average, and Nasdaq Composite all reaching record highs.
Key Highlights:
Election Results: Donald Trump's victory and the Republican Party's "red sweep" of the White House and Congress boosted investor optimism for pro-growth policies, including tax cuts and deregulation.
Federal Reserve Rate Cut: The Federal Reserve lowered the federal funds rate by 25 basis points to a range of 4.50% to 4.75%, signaling continued support for economic growth.
Market Performance:
S&P 500: Up 4.7% for the week, closing near 6,000.
Dow Jones Industrial Average: Gained 4.6%, approaching 44,000.
Nasdaq Composite: Advanced 5.7%, driven by tech stocks.
Russell 2000: Surged 8.6%, outperforming large-cap indices.
Sector Movements: Financials, industrials, and energy sectors led the rally, benefiting from expectations of deregulation and infrastructure spending. Small-cap stocks outperformed due to their domestic focus.
Treasury Yields and the Dollar: U.S. Treasury yields fluctuated but ended the week slightly lower. The U.S. dollar strengthened against major currencies.
Cryptocurrency Surge: Bitcoin reached a new all-time high near $77,000, amid optimism for a crypto-friendly administration.
Economic Data: Positive indicators included a rise in the ISM Services PMI to 56.0% and improved consumer sentiment, reflecting economic strength.
Detailed Weekly Breakdown
Monday, November 4
Market Performance: The stock market had a mixed session ahead of the election. Major indices closed with modest declines:
S&P 500: Down 0.3%.
Nasdaq Composite: Down 0.6%.
Dow Jones Industrial Average: Down 0.4%.
Russell 2000: Outperformed, closing up 0.4%.
Sector Movements: Losses in mega-cap stocks and chipmakers weighed on index performance, while the equal-weighted S&P 500 settled fractionally higher.
Economic Data:
Factory Orders: Declined 0.5% in September, primarily due to a significant drop in transportation equipment orders, including nondefense and defense aircraft.
Tuesday, November 5
Market Performance: Stocks rallied on Election Day:
S&P 500: Up 1.2%.
Nasdaq Composite: Up 1.4%.
Dow Jones Industrial Average: Up 0.4%.
Russell 2000: Rose 1.9%.
Catalysts:
Election Optimism: Investors anticipated clarity post-election and potential pro-growth policies.
Economic Data: The ISM Services PMI for October increased to 56.0%, indicating accelerating growth in the services sector.
Notable Corporate Movers:
$PLTR (Palantir Technologies): Surged 23.5% after strong earnings.
$DD (DuPont): Gained 4.7% on positive results.
$GFS (GlobalFoundries): Jumped 14.9% following earnings beat.
Economic Data:
Trade Deficit: Widened to $84.4 billion in September, reflecting higher imports.
ISM Services PMI: Increased to 56.0%, signaling robust expansion.
Wednesday, November 6
Market Performance: Markets reacted positively to the election results confirming Donald Trump's victory and a Republican majority in Congress:
Dow Jones Industrial Average: Gained over 1,500 points.
S&P 500 and Nasdaq Composite: Surged to record highs.
Russell 2000: Soared 6%.
Sector Movements:
Financials and Cyclicals: Outperformed on expectations of deregulation and economic growth.
Small-Cap Stocks: Benefited from domestic policy optimism.
Notable Corporate Movers:
$TSLA (Tesla): Shares rose significantly, closing 29% higher than the previous Friday, amid expectations of favorable policies.
Other Market Movements:
U.S. Dollar: Strengthened against major currencies.
Bitcoin: Prices moved noticeably higher.
Economic Data:
MBA Mortgage Applications Index: Declined 10.8%, with decreases in both refinance and purchase applications.
Thursday, November 7
Federal Reserve Announcement:
Rate Cut: The Fed lowered the federal funds rate by 25 basis points to 4.50%–4.75%, as expected.
Policy Stance: Fed Chair Jerome Powell emphasized that future decisions will be made on a meeting-by-meeting basis, without a preset course.
Market Performance:
S&P 500: Rose 0.7%, reaching new record highs.
Nasdaq Composite: Increased 1.5%.
Dow Jones Industrial Average: Closed flat.
Treasury Yields: Declined following the Fed's announcement:
10-Year Yield: Dropped nine basis points to 4.34%.
Economic Data:
Initial Jobless Claims: Came in at 221,000, indicating a stable labor market.
Q3 Productivity: Increased by 2.2%, suggesting efficiency gains.
Friday, November 8
Market Performance:
S&P 500: Closed up 0.4%, briefly trading above 6,000 for the first time.
Dow Jones Industrial Average: Gained 0.6%, crossing the 44,000 mark intraday.
Nasdaq Composite: Little changed, weighed down by some mega-cap losses.
Treasury Yields: Continued to decline:
10-Year Yield: Fell to 4.31%.
Economic Data:
Consumer Sentiment: University of Michigan Consumer Sentiment Index rose to 73.0, the highest level in seven months, reflecting increased optimism.
Notable Corporate News:
Index Changes: $NVDA (NVIDIA) and $SHW (Sherwin-Williams) replaced $INTC (Intel) and $DOW (Dow Inc.) in the Dow Jones Industrial Average.
Weekly Performance:
S&P 500: Up 4.7% for the week.
Dow Jones Industrial Average: Increased 4.6%.
Nasdaq Composite: Advanced 5.7%.
Russell 2000: Outperformed with an 8.6% gain.
Outlook for the Week of November 11, 2024
As we move into the week following a historic market rally, several key factors could influence the financial markets. While last week's optimism was fueled by the presidential election results and a supportive Federal Reserve, the upcoming week presents critical economic data releases and corporate earnings that may shape investor sentiment.
Key Factors to Watch
1. Inflation Data: Consumer Price Index (CPI) - Wednesday
Expectations: The CPI report for October is scheduled for release on Wednesday. The previous CPI showed an annual rate of 2.4% in September, down from 2.5% in August. Core inflation (excluding food and energy) was at 3.3%, slightly above the prior month.
Potential Impact:
If Inflation Remains Subdued: A lower-than-expected CPI could reinforce the Federal Reserve's stance on maintaining lower interest rates, potentially supporting further equity market gains.
If Inflation Surprises to the Upside: Higher inflation could raise concerns about the Fed tightening monetary policy sooner than anticipated, which might lead to increased market volatility or a pullback in equities.
2. Retail Sales Data - Friday
Expectations: Retail sales figures will provide insight into consumer spending, a significant driver of economic growth.
Potential Impact:
Strong Retail Sales: Indications of robust consumer spending may bolster confidence in economic recovery, benefiting sectors like consumer discretionary and retail stocks.
Weak Retail Sales: If data shows a slowdown, it could raise concerns about the sustainability of economic growth, possibly dampening market enthusiasm.
3. Corporate Earnings Reports
Notable Companies Reporting:
Tuesday: $HD (Home Depot), $SHOP (Shopify), $SPOT (Spotify)
Wednesday: $CSCO (Cisco Systems)
Thursday: $AMAT (Applied Materials), $DIS (The Walt Disney Company)
Potential Impact:
Tech Sector: Earnings from $CSCO and $SHOP may provide insight into the technology sector's health, particularly in networking equipment and e-commerce platforms.
Consumer Sector: Reports from $HD and $DIS could reflect consumer spending trends and confidence.
Semiconductor Industry: $AMAT's results may shed light on the semiconductor supply chain and demand dynamics, which have broader implications for tech manufacturing.
4. Producer Price Index (PPI) and Industrial Production - Thursday and Friday
Expectations: PPI data will offer a view of inflation at the wholesale level, while industrial production figures will indicate the manufacturing sector's strength.
Potential Impact:
Inflation Indicators: Similar to CPI, unexpected changes in PPI could influence expectations about future inflation and monetary policy.
Manufacturing Health: Strong industrial production could signal economic momentum, potentially boosting investor confidence in industrial and manufacturing stocks.
5. Market Sentiment and Potential Profit-Taking
After significant gains last week, there may be a propensity for investors to engage in profit-taking, which could lead to short-term market consolidation or increased volatility.
Potential Impact:
Market Consolidation: A natural pullback or sideways trading could occur as the market digests recent gains.
Continued Rally: If positive catalysts emerge from economic data or earnings, the market may sustain its upward trajectory.
Broader Economic and Policy Considerations
Fiscal Policy Expectations: Anticipation of pro-growth policies from the incoming administration may continue to underpin market optimism. However, details on tax cuts, infrastructure spending, and regulatory changes are yet to be clarified.
Federal Reserve Stance: The Fed's recent rate cut and commitment to data-driven policy decisions suggest a cautious approach. Any hints of policy shifts in response to new economic data could affect market dynamics.
Global Economic Developments:
China's Stimulus Measures: China's plan to allocate $1.4 trillion over the next five years to address local government debt may have ripple effects on global markets, particularly in commodities and emerging markets.
Trade Relations: Uncertainties surrounding international trade policies, especially with the U.S. expected to implement new tariffs on China, could introduce volatility.
Sectors to Monitor
Financials: With expectations of deregulation and rising interest rates in the future, financial stocks may continue to attract attention.
Technology: Given the sector's significant contribution to market gains, tech earnings and guidance will be crucial in sustaining investor confidence.
Energy: Oil prices edged higher last week; developments in energy markets and policy could influence this sector.
Consumer Discretionary: Consumer sentiment and retail sales data will be pivotal for companies reliant on consumer spending.
Cryptocurrency Market
Bitcoin's Momentum: After reaching a new all-time high near $77,000, cryptocurrencies may experience increased volatility. Investors will watch for regulatory signals from the new administration that could impact the crypto market's trajectory.
Weekly Market Overview and Future Outlook for Beginner Traders
Market Recap: November 4 - November 8, 2024
Last week was significant for the U.S. stock market, with major indices reaching record highs. Here's what happened:
Key Events:
Presidential Election Results:
Outcome: Donald Trump won the presidential election, and the Republican Party gained control of both the House and Senate—a "red sweep."
Market Reaction: Investors anticipate pro-business policies such as tax cuts and deregulation, which could boost economic growth and corporate profits. This optimism fueled a strong rally in the stock market.
Federal Reserve Rate Cut:
Action: The Federal Reserve lowered the federal funds rate by 0.25% to a range of 4.50% to 4.75%.
Impact: Lower interest rates generally encourage borrowing and investing, supporting economic activity. The rate cut contributed to positive investor sentiment.
Economic Data:
ISM Services PMI: Increased to 56.0%, indicating that the services sector (which makes up a large part of the economy) is expanding at a faster pace.
Consumer Sentiment: The University of Michigan Consumer Sentiment Index rose to 73.0, reflecting increased optimism among consumers.
Market Performance:
S&P 500: Up 4.7%, closing near the 6,000 mark.
Dow Jones Industrial Average: Gained 4.6%, approaching 44,000.
Nasdaq Composite: Advanced 5.7%, driven by technology stocks.
Russell 2000 (Small-Cap Stocks): Surged 8.6%, outperforming larger indices.
Sector Highlights:
Financials, Industrials, and Energy: These sectors led the rally due to expectations of deregulation and increased infrastructure spending.
Small-Cap Stocks: Companies with smaller market capitalizations outperformed because they are more focused on the domestic U.S. market and could benefit more directly from new policies.
Other Notable Movements:
Treasury Yields: Fluctuated during the week but ended slightly lower, with the 10-year yield around 4.30%.
U.S. Dollar: Strengthened against other major currencies.
Bitcoin: Reached a new all-time high near $77,000, possibly due to expectations of favorable cryptocurrency regulations.
Commodity Prices: Gold prices fell slightly, while oil prices edged higher.
Outlook for the Week of November 11, 2024
As we look ahead, several factors could influence the markets:
Key Economic Data Releases:
Consumer Price Index (CPI) - Wednesday:
What to Watch: The CPI measures inflation at the consumer level. If inflation is higher than expected, it could raise concerns about the Federal Reserve increasing interest rates sooner than anticipated.
Potential Impact: Higher inflation might lead to market volatility; lower inflation could support continued market gains.
Retail Sales Data - Friday:
What to Watch: Retail sales indicate consumer spending strength. Strong numbers suggest a healthy economy.
Potential Impact: Positive data could boost consumer-related stocks; weak data might raise concerns about economic growth.
Corporate Earnings Reports:
Notable Companies Reporting:
Tuesday: $HD (Home Depot), $SHOP (Shopify), $SPOT (Spotify)
Wednesday: $CSCO (Cisco Systems)
Thursday: $AMAT (Applied Materials), $DIS (The Walt Disney Company)
What to Watch: Earnings results and forward-looking statements can influence individual stock prices and sectors. Pay attention to guidance on future performance.
Market Considerations:
Profit-Taking: After significant gains last week, some investors might sell shares to lock in profits, which could lead to short-term market dips.
Investor Sentiment: The overall optimism might continue if economic data and earnings are positive.
Policy Developments: Any new information about the incoming administration's policies on taxes, trade, or regulation could impact the markets.
Sectors to Monitor:
Technology: With major tech companies reporting earnings, watch for trends in this sector.
Consumer Discretionary: Retail sales data and earnings from companies like Disney could affect this sector.
Financials: Continued expectations of deregulation might support financial stocks.
Most Shorted Stocks This Week
Insider Trading Analysis - Last 7 Days
Criteria: Transaction cost at least $1M within the last 7 days, $100M+ market cap.
274 trades: 266 sells, 8 buys.
Top trades of the week:
Excel spreadsheet:
Most Prominent Trades
Jeffrey P. Bezos Sells Over $1.23 Billion in Amazon Shares
On November 7, 2024, Jeffrey P. Bezos, the Executive Chair and 10% Owner of $AMZN (Amazon.com Inc.), sold 5,992,724 shares at an average price of $205.48, totaling a staggering $1,231,380,000. This sale represents a modest 0.65% decrease in his holdings, leaving him with 920,413,338 shares. Since the transaction, Amazon's stock has appreciated by 1.31%, closing at $208.18 on November 8, 2024.
Key Metrics:
Current Price: $208.18
Price Change Since Trade: +1.31%
Dividend Yield: 0.00%
P/E Ratio: 44.58
Market Cap: $2,189,014.99 million
Alexander C. Karp Offloads $650 Million Worth of Palantir Shares
On the same day, Alexander C. Karp, listed as "See Remarks," sold 12,343,707 shares of $PLTR (Palantir Technologies Inc.) at $52.71 per share, amounting to $650,637,000. This massive sale led to a significant 65.74% reduction in his holdings, leaving him with 6,432,258 shares. Notably, Palantir's stock surged by 10.78% post-sale, closing at $58.39.
Key Metrics:
Current Price: $58.39
Price Change Since Trade: +10.78%
Dividend Yield: 0.00%
P/E Ratio: 291.95
Market Cap: $133,013.65 million
Harmony Biosciences Sees Dual Insider Sales
Both Valor IV Pharma Holdings, LLC and Marshman Fund Trust II, each a 10% Owner of $HRMY (Harmony Biosciences Holdings Inc.), sold 4,600,000 shares on November 5, 2024, at $30.30 per share, totaling $139,380,000 each. Valor IV reduced its holdings by 41.01%, while Marshman decreased by 43.19%. Following these sales, the stock price climbed by 19.08%, reaching $36.08.
Key Metrics:
Current Price: $36.08
Price Change Since Trade: +19.08%
Dividend Yield: 0.00%
P/E Ratio: 17.10
Market Cap: $2,057.69 million
MFN Partners, LP Divests $105 Million in QXO Inc.
On November 6, 2024, MFN Partners, LP, a 10% Owner of $QXO (QXO Inc.), sold 7,000,000 shares at $15.05, totaling $105,350,000. This transaction reduced their stake by 12.98%, leaving them with 46,908,701 shares. The stock has since increased by 6.51%, closing at $16.03.
Key Metrics:
Current Price: $16.03
Price Change Since Trade: +6.51%
Dividend Yield: 0.00%
P/E Ratio: At Loss
Market Cap: $6,563.17 million
Significant Insider Activity in the Technology Sector
$PI (Impinj Inc.): A 10% Owner sold 431,153 shares at $199.25, totaling $85,907,200. The stock has risen by 2.16% since, closing at $203.56.
$HOOD (Robinhood Markets Inc.): Director Meyer Malka sold 3,218,399 shares at $30.21, totaling $97,227,800. The stock is up 1.09%, closing at $30.54.
$ALKT (Alkami Technology Inc.): Two significant stakeholders each sold 2,500,000 shares at $37.50, amounting to $93,750,000 per transaction. The stock has slightly increased by 0.93%, closing at $37.85.
Notable Purchases Amid Predominant Sales
$NE (Noble Corp PLC): APMH Invest A/S, a 10% Owner, purchased 1,330,000 shares at $34.67, totaling $46,111,100. The stock has seen a modest increase of 0.35%, closing at $34.79.
$JELD (JELD-WEN Holding Inc.): Turtle Creek Asset Management Inc., a 10% Owner, purchased 1,000,000 shares at $10.37, totaling $10,370,000. The stock price has increased by 5.69% since the purchase, closing at $10.96.
Overall Observations and Patterns
Dominance of Insider Selling
The data reveals a pronounced trend of insider selling, particularly among high-ranking executives and major shareholders. This pattern spans multiple sectors, including technology, healthcare, and consumer goods.
Possible Reasons for Selling:
Portfolio Diversification: Insiders may be reallocating assets.
Profit-Taking: Capitalizing on recent stock price appreciations.
Tax Planning: Preparing for year-end tax implications.
Technology Sector Under the Microscope
The technology sector stands out with significant insider sales:
$AMZN (Amazon.com Inc.): Jeff Bezos's substantial sale could be part of his regular diversification strategy.
$PLTR (Palantir Technologies Inc.): Alexander Karp's large offload raises questions about future company direction.
$PI (Impinj Inc.): The 10% Owner's sale coincides with a modest stock price increase.
Stock Price Resilience Post-Sales
Despite large insider sales, many companies experienced stock price increases, suggesting robust investor confidence.
$HRMY (Harmony Biosciences Holdings Inc.): Up 19.08% post-insider sales.
$PLTR (Palantir Technologies Inc.): Increased by 10.78% after Alexander Karp's sale.
$AMZN (Amazon.com Inc.): Slight uptick of 1.31% following Bezos's sale.
Insider Purchases Signal Confidence
While selling dominated, insider purchases in $NE (Noble Corp PLC) and $JELD (JELD-WEN Holding Inc.) suggest optimism about future performance.
$NE: APMH Invest A/S increased holdings by 4.58%, and the stock price rose by 0.35%.
$JELD: Turtle Creek Asset Management's purchase led to a 5.69% stock price increase.
Possible Projections
Investor Sentiment Remains Positive
The market's reaction indicates that investors are not alarmed by insider selling. Instead, the stock price increases suggest:
Strong Company Fundamentals: Investors believe in the long-term growth prospects.
Market Optimism: Confidence in the overall economy and sector performance.
Potential Sector Trends
Technology: Continued innovation and earnings growth may sustain investor interest despite insider sales.
Healthcare: Insider sales in companies like $HRMY could precede strategic shifts or new product developments.
Energy: Insider purchases in $NE might signal a bullish outlook for the energy sector.
Implications for Investors
Monitoring Insider Activity: While not the sole indicator, insider transactions can provide valuable context.
Due Diligence is Key: Investors should combine insider data with fundamental analysis.
Watch for Patterns: Repeated insider selling or buying could foreshadow significant company events.
Additional Noteworthy Insider Trades
Financial Sector Movements
$PRU (Prudential Financial Inc.): CEO Charles F. Lowrey sold 185,653 shares at $126.29, totaling $23,446,100. The stock decreased by 3.48% post-sale.
$JEF (Jefferies Financial Group Inc.): Both CEO Richard B. Handler and President Brian P. Friedman sold significant shares, with combined sales over $67 million.
Consumer Goods and Services
$CHD (Church & Dwight Co Inc.): CEO Matthew Farrell sold over 300,000 shares in multiple transactions, totaling more than $9 million.
$SG (Sweetgreen Inc.): Top executives, including the CEO and Chief Brand Officer, sold shares totaling over $4.5 million.
Industrial and Manufacturing
$PH (Parker Hannifin Corp.): Multiple executives sold shares, with CEO Jennifer A. Parmentier selling 4,906 shares at $704.69, totaling $3,457,210.
$CAT (Caterpillar Inc.): Group President Bob De Lange sold 12,657 shares at $410.25, amounting to $5,192,530.
Some Cool Extra Data From The Quant
Excel data for the most significant calls:
Excel data for the most significant puts:
Remember — I’m not your financial advisor. Do not invest what you cannot lose.
Do not trust the quant with your hard-earned money. Do your own due diligence.
I am not always right, but more often than not!
Never put a significant amount of your capital on 1 bet. I almost never do more than 2% and 3% in extreme cases of a very strong signal.
Here's to buying low and selling high!
Jack the Signals Doctor, MIT PhD