General Finance Corporation stock has a rising Twiggs Money Flow on a surge in insider buying in the wake of rebuilding efforts after the hurricane disasters. I have bought General Finance in my personal trading account this morning.
General Finance Corporation is a rental services company that provides portable storage, modular space, and liquid containment solutions in North America and the Asia-Pacific regions. Its portable storage products include storage containers used in classroom equipment storage, construction equipment and tool storage, disaster shelters, landscaping sheds, recreational equipment storage, and retail inventory storage applications; and freight containers used in freight transportation by road and rail. Continue reading “General Finance Corporation Insider Buying On Disaster Relief”
The institutional buying and selling chart called the TICK lets us intelligently speculate on what institutional traders are doing. Institutional trading is highly secure and is a very guarded secret among institutional trading firms. The best amateur traders can do is to speculate on what institutional traders might be doing.
Trading volume normally will spike if large institutions place a big order. Along with the stock price’s change, you can make some guesses. For instance, if trading volume spikes relative to the stock’s average volume at the moment when the stock price also goes up, that may mean large investors are buying. Alternatively, if you notice a stock’s volume increase and the stock price drops, you might guess institutions are selling.
USANA Health Sciences’ stock has formed a positive divergence on large players volume. The price action has faded over the last couple of weeks into what could be a bullish flag channel. I bought some USANA Health Sciences in my personal trading account this morning.
The 3 month change in institutional ownership is +8.02% which suggests institutional traders are accumulating this stock.
Creative Planning increased its stake in USANA Health Sciences by a whopping 528% in Q2. Victory Capital increased its stake in USANA by 124.7% in Q1. Eqis Capital acquired a new position in USANA in the Q2 worth $210,000. Nine Chapters Capital acquired a new position in USANA in Q1 worth $207,000. KCG Holdings Inc. acquired a new position in USANA in Q1 worth $248,000. Institutional investors and hedge funds own 46.3% of the company’s stock.
On August 18, 2017, USANA announced that it would expand in four European countries beginning mid-year 2018. These four new markets constitute of Romania, Germany, Italy, and Spain.
USANA Health Sciences was recently honored by inclusion in Utah Business Magazine’s Fast 50 list. This year marks the 10th consecutive time the company has made the list of fastest growing companies in Utah. USANA finished ranked number 49 on the list.
The stock of Cincinnati Bell has had heavy buying over the last month. Institutional investors have increased their long positions by 5.15% over the last 3 months.
Positive earnings revisions are what is driving the stock higher. In the past 30 days, one estimate has gone higher for Cincinnati Bell while none have gone lower in the same time period. The estimate was increased from 3 cents a share 30 days ago, to 9 cents today, a move of 200%. The forecast EPS for CB has increased to $0.91 from $0.82 in the last week.
Cincinnati Bell Stock Chart
The stock is coming off of a Triple Bottom. The blue dots represent all the bullish Pocket Pivot signals over the last few weeks and notice how the Effective Volume shows large players are buying the stock like crazy. The Twiggs Money Flow is rising and looks bullish.
CBB shows a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 19.54. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 19.12, a stop order could be placed below this zone.
The stock of Macom Technology Solutions has set up into a momentum squeeze on institutional traders increasing their long positions. Institutional trader positions have increased by a big 11.75% over the last 3 months.
A few of the more noteworthy Q1 institutional transactions were:
KBC Group NV bought a new position in the company during the first quarter, according to its most recent filing with the SEC. The firm bought 9,211 shares of the semiconductor company’s stock, valued at approximately $445,000. FMR LLC increased its position by 182.8% in the fourth quarter. FMR LLC now owns 818,493 shares of the semiconductor company’s stock valued at $37,880,000. Pinnacle Associates Ltd. acquired a new stake in MACOM Technology Solutions during the first quarter valued at approximately $16,539,000. Wells Fargo & Company MN boosted its stake in the company by 565.9% in the first quarter. Wells Fargo & Company MN now owns 318,562 shares of the semiconductor company’s stock valued at $15,387,000.
MACOM Technology Solutions Stock Chart
The Twiggs Money Flow went bearish on June 14,2017, but now looks like it’s ready to round up as traders accumulate off the 50 SMA line.
MACOM Technology Solutions presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced forming a momentum squeeze.
There is a resistance zone just above the current price starting at 60.09. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 54.84, a stop order could be placed below this zone.
The stock of ICICI Bank has been rising in a very weak market. Over the last 3 months, insiders are buying more than they are selling and institutional traders have increased their long positions by 1.32%. The relative strength in this company is excellent.
ICICI Bank exploded higher after they reported earnings on May 5, 2017. Net interest income grew 10% year over year to INR59.62 billion ($919 million). Non-interest income was INR30.17 billion ($465 million), up 1% from the prior-year quarter. Operating expenses totaled INR38.67 billion ($596 million), increasing 14% year over year. As of Mar 31, 2017, ICICI Bank’s total advances amounted to INR4,642.32 billion ($71.6 billion), up 7% year over year. The rise was mainly driven by a robust growth in the retail segment, with a 19% year-over-year increase in total retail loan portfolio.
The company’s total deposits rose 16% from the prior-year quarter to INR4,900.39 billion ($75.6 billion) as of Mar 31, 2017. Moreover, as of the same date, the current and savings account ratio came in at 50.4%.
The Price/Earnings Ratio is 20.02, which indicates a rather expensive current valuation of IBN. With a Forward Price/Earnings Ratio of 19.17, IBN is somewhat expensive.
ICICI Bank Stock Chart
A bullish Pocket Pivot occurred on Monday, June 26, 2017. Notice that the Effective Volume shows a positive divergence between the large players and the price of IBN, another bullish signal. The Twiggs Money Flow has recently gone positive which is another bullish signal.
It seems large players and institutional traders know something we don’t and are starting to position now making this a somebody knows something candidate.
IBN looks like a decent setup pattern although I can’t find the fundamental catalyst that’s driving it. We see reduced volatility while prices have been consolidating in the most recent period forming a bullish Momentum Squeeze.
I would prefer a candle over candle reversal and break above resistance at $9.05. Right above this resistance zone may be a good entry point. There is a support zone below the current price at $9, a stop order could be placed below this zone.
The best bad credit loans, aka subprime auto loans, could take down the entire US economy.
Institutional investors bought up subprime auto-loan backed securities because of their higher yields. These bonds are backed by suprime auto loans that have been repackaged and stamped with high credit ratings. Fitch warned that those issued in 2015 may end up the worst performing ever in the history of auto-loan securitizations. Many are calling this carmageddon.
Below is the Keiser Report where Max and Stacy discuss carmageddon and the toxic debts that have brought the credit markets to such a scary place.