Stockpickr
Top Stocks With Insider Buying, Buybacks
James Altucher
08/14/08 - 11:12 AM EDT
Updated from 6:59 a.m. EDTOne of the primary goals of Stockpickr.com is to allow everyday investors a look at what the big guns are buying. Often, we see a big-name investor loading up on a particular stock. This is usually a good sign, because you know that person put a lot of time and due diligence into that process.
But when that same company announces that an insider has purchased a large chunk of stock or, even better, the board announces a new share-buyback program, that usually seals the bullish case for the stock.
As Jim Cramer often points out, insider selling happens all the time for many different reasons, but insiders buy for only one reason: They think their stock is going higher.
That's why, each week at Stockpickr, we update the Top 10 Insider Purchases and Buybacks portfolio, featuring stocks that have had either big insider purchases or newly announced buybacks as well as super investors accumulating shares.
This week's portfolio includes Broadcom(BRCM Quote - Cramer on BRCM - Stock Picks) and Humana(HUM Quote - Cramer on HUM - Stock Picks).
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A note from James Altucher: Every weekend I send an email to Jim Cramer and several hedge fund managers about the most interesting portfolios posted on Stockpickr that week. Usually those portfolios not only list stocks according to a theme but also offer significant analysis as to why the stocks are cheap. Here are some examples: Here's the challenge: Build a portfolio at Stockpickr.com with great analysis, and send me the link. Each great portfolio (with analysis) will get posted on TheStreet.com with your byline (as a "Stockpickr Guest Columnist") and will be included in my email I send to Jim and the other hedge fund managers on my list.