Market News

There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on June 14, Bruker Corp's CEO, Frank H. Laukien, invested $99,958.53 into 4,174 shares of BRKR, for a cost per share of $23.95. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money.

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Investors in Check Point Software Technologies, Ltd. (NASD: CHKP) saw new options become available this week, for the August 19th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the CHKP options chain for the new August 19th contracts and identified one put and one call contract of particular interest.

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FedEx reported slightly better-than-expected fourth quarter earnings on Thursday that tied up its fiscal year nicely. Even so, shares edged down 1% in after-hours trading.

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Relax, the sky is not falling

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In trading on Wednesday, shares of PBF Energy Inc (NYSE: PBF) entered into oversold territory, changing hands as low as $23.30 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.

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Activist investor Carl Icahn (Trades, Portfolio) made his second bid to acquire the remaining shares of long-time investment Federal-Mogul last week as he seeks to add a third company to his auto segment, one of the most profitable in his fleet, as his oil holdings and returns decline. Federal-Mogul (NASDAQ:FDML) represents one of Icahn's many distressed investments. In 1998, Federal-Mogul had acquired Fel-Pro and Turner & Newall, two of the leading companies whose use of asbestos caused a wave of asbestos-related claims from workers and those exposed to its products.

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Are you relying on this casino for your retirement income?

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The shift towards eating cleaner, plant-based food could benefit more than just the American waistline; it could be a long-term driver of sales growth for legacy food companies like WhiteWave Foods and Hormel.

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