Sunday, July 17, 2016

Time for a Pullback?



With earnings season just kicking on, I should be sharing these more often. The thing is, I have a fairly busy summer myself so I honestly can't promise I will. Either way, the turmoil globally has been overwhelming as markets continue upwards.

It is absurd that the markets have become so stable & even powerful when we would anticipate them to sympathize to the international turmoil. Regardless, I'm personally predicting a pullback this week. It's definitely overdue. Therefore, I picked up UVXY on Thursday & held both overnight that night & am still holding. I may be completely wrong but we shall see soon.

Enough about me, here's the data I collected from Friday, July 15th:

13D's: HLF, LDRH, OSG (5), ATSG, CPXX, OKSB, LDRH, ECIG & JFC

13G's: JMEI, CLVS, WBAI, ALJ, DRI, CYRT, NI, BRG, XLNX, XLBH & FXS

Form 3's: ACHC, SRNE, BHLB, XRM, CNRM, TURV, PSMT, NNAN, CLCN, SUMR, CHRT, CATM, CRCM (2), DHR, WEX (3), ECIG, CIO, MSFT, CSLT & ESND

Form 4's (Insider Buys): AA (2), YORW (6), JGW, DCA (3), RILY, LII (9), ERC, DSU, DHG, RIPT, STAG (6), NNUTU, VWR, RHP, ED, VABK, MGLN, RNVA (2), FUR, SCG (2), CUBE, LMRK, AZZ, BLIN, KFS, LXRP, MDSY & CWGL

Form 4's (Insider Acquirements for $0): B (4), HBMD (11), KR (3), LIMA, BFA (2), PRMT, WSTC, SUMR, CHK (2), RGEN, VUZI (3), COO, SEAC (5), OPRX (2), YELP, VEEV, HCOM, OXY (7), ODP (4), AMRS (10) & NPTN (3)

Form 4's (Insider Sales): ADI, MMS, ALOG, UVV, B (4), OMN, K, LII, SYK, AMWD, XEC (3), CRS, USNA (2), YUM, PLD, AMID, ESSA, WDFC, VRTX, ANDE, COL, SWK, LKD (3), AKAM, NVTA, MON (2), UTHR, SIGI, STT, AOSL, IMPR (2), KMX (2), AGM (2), TYPE, ENBL, VSAT (2), XPO, DAL, ZSAN (2), SHAK (2), CTL, RGEN, AMR, NVDA (2), SAEX, GRUB, CPRT, GWRE, SMTC, MCK, AZZ, HSON, CVLT (5), NDAQ, GLPI, IQNT, QTWO, YELP, YUMA, DY (2), BCOR, GPN, CIEN, SUPN, PERY (2), PLAY (2), VEEV, XTLY, LOCK, SUM, MOV, OXY (3), TAX, HQY (2), ROVI, AAC (2), OMER, LITE, WDAY, TDOC, ILMN, WEB, CRM (2), NILE, ANGO, TNET, CUDA, JCTCF, CBDS, IESC, MBFI, TUBE, XFTB & SYY

Form 4's (Insider Disposals for $0): ACHC, PNY (2), HBMD, BFA (2), ABM, SHEN, DAL, NGL, SHAK, COO & ATSG

I'm going to be brief on my wrap up notes because I have other things to do but the only CFO buying works for RNVA. The CFO's selling work forOXY, SUPN, DY, YUMA, MCK, CVLT, RGEN, VSAT, SWK, XEC, B, MBFI, SYY & PLAY. I always note the CFO's because I like to follow the money & the CFO's usually know what's up.

The largest buy on Friday via Form 4 goes to B. Riley Financial (RILY) with $865,161 worth of shares purchased. Overseas Shipholding Group (OSG) was a notable ticker from the 13D list because of the amount of filers. I pulled the chart & it looked as if it hit a double bottom not too long ago & is headed back upwards with potential to get back above $15 per share. The other very noteworthy 13D purchase was placed by Carl Icahn for Herbalife (HLF) who picked up 17M more shares of the stock. As for the 13G's, I noted that Steve Cohen has increased his stake by 71% in Alon USA Energy Inc (ALJ), picking up an additional amount of 2,691,948 company shares.

On the sale end of Friday, Yum Brands (YUM) was the largest sale with the CEO selling $3,979,601 worth of his shares. I also always find it interesting when I see insiders essentially selling their index like Friday's sale of Nasdaq OMX Group (NDAQ) of $1,669,822 worth of shares sold by the Executive Vice President. The largest sale from an individual shareholder last week sold on Monday, July 11th by a Facebook (FB) Director who sold off $169,791,612 worth of their shares.

That's all I have for now as I await the open of the global markets. I hope this helps somebody out there.

GLTA