The market has a tricky way of fooling most of the people most of the time. When investors are bearish and insiders are bullish, that is a good time to step up your buying. Technically, insiders are not outright bullish, according to an insider sell-buy ratio tracked by Vickers Insider Weekly, published by Argus. An eight-week sell-buy ratio they track recently fell to 3. On the other hand, this gauge is down sharply from the much more bearish level of 6. This happened because earnings estimates rose much more than stocks.
Insiders see this at their own companies. By their stepped up buying they are telling us that stocks did not rise enough to price in the coming gains in earnings. Sure, it is not down too much — just 3. But you rarely get much of a discount with quality stocks, so you have to take what you can get. These are both statements of confidence — and returns of capital that benefit stockholders. Big picture, Microsoft is killing it in the cloud, with its Azure cloud services. Migration to the cloud is a long-term megatrend that will help Microsoft investors for years.
This is part of the digital transformation sweeping every company and every industry, says CEO Satya Nadella.
Microsoft does not break out the numbers or offer Azure projections. For more on Microsoft, click here. Energy names are highly cyclical. Their fates depend on demand for oil and natural gas. So when concerns of a global meltdown crop up, investors flee. But given all the central bank stimulus and government spending in support of the economy, growth will be with us for a while.
This will continue to help energy stocks. It pays a nice 2. But more importantly, it has pledged a year plan of limited investment, steady growth, and a steady return of cash to shareholders. Other options. Close drawer menu Financial Times International Edition. Search the FT Search. World Show more World. US Show more US. Companies Show more Companies. Markets Show more Markets.
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