Always keep an eye on insider buying.
After all, if they’re putting their money where their mouths are, it’s a sign of confidence.
Look at Abbott Laboratories (SYM: ABT)
The stock was crushed after its latest earnings report. In fact, it had its worst showing in more than 20 years, gapping from about $120 to $105.60.
Granted, the company’s adjusted earnings beat analysts’ forecasts by a penny, but sales came to $11.5 billion, missing the $11.8 billion estimate. It was a disaster. However, for Chairman and CEO Robert Ford, it was an opportunity. After the drop, he reportedly bought 18,800 shares of ABT for just over $2 million on January 23.
Plus, despite the earnings mess, Ford did say Abbott was well-positioned for accelerating growth in 2026. “While we know we’ve got some work to do in nutrition, I can guarantee you that we’re not distracted by that,” he added, as quoted by Barron’s.
GameStop (SYM: GME)
With GME showing big signs of life again, CEO Ryan Cohen just bought 500,000 shares for about $21.12 each for nearly $21.4 million.
Board member Alain Attal picked up 12,000 shares for about $20.90 each.
Even investor Michael Burry disclosed a long position in GME, noting that he likes the company’s untapped value and strategic optionality under Ryan Cohen.
As noted by Seeking Alpha, “Burry framed GameStop not as a typical retail business, but as a cash-generating platform with a young, disciplined leadership team and the optionality to deploy billions in a patient, intelligent manner.”
Elanco Animal Health (SYM: ELAN)
Since bottoming out in April at around $8 a share, ELAN is now up to $24 and could rally even higher. Most recently, CEO Jeffrey Simmons paid $478,500 to buy 22,000 shares on December 11 at an average price of $21.75 a share. The company, which was spun off from Eli Lilly in 2018, has been explosive thanks to key product launches, including chewable parasite preventative for dogs, as well as anti-itch medication.
Americans spend a lot of money on their pets. In 2024, the average household spent about $40 billion on vet care and pet medications alone.
By 2027, spending is expected to soar to $173 billion, as noted by Fortune. Americans will spend a total of $157 billion on their pets by the end of 2025; according to projections, U.S. pet spending will total almost $200 billion in 2030, as noted by Capital One Spending.
Those are substantial catalysts for pet companies like ELAN.
Today's Market News: Buy AES Immediately
Buy AES Corp (AES).
The man who invented one of the most popular buying and selling indicators on Wall Street says this stock could soon benefit from a big surge in Wall Street smart money.
But BEFORE you act on this information, we strongly urge you to view his full briefing.
He found this stock by using the Power Gauge.
It's a system that shows you stock ratings of thousands of companies that trade on the U.S. market... built by a Wall Street legend who's been profiled on CNBC for the accuracy of his predictions and recommendations.
The last time he used his system to issue a free recommendation, it went on to soar 100%.
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Written by Ian Cooper