The Vickers Top Buyers & Sellers is a daily report that identifies the five companies the largest insider purchase transactions based on the dollar value of the transactions as well as the five companies the largest insider sales transactions based on the dollar value of the transactions.

The Vickers Top Buyers & Sellers is a daily report that identifies the five companies the largest insider purchase transactions based on the dollar value of the transactions as well as the five companies the largest insider sales transactions based on the dollar value of the transactions.

There was a "red wave" after all, just not the one the stock market was expecting. With red flashing on terminals all over Wall Street, Wednesday was just another miserable day to add to the many other miserable days since the bear-market started late last year. We are not sure how to parcel out the blame for Wednesday's weakness. Perhaps on politics, or on poor EPS reports (DIS), or on the "continued" crash in crypto, or on the worries that we will get another hot CPI print this morning.

While the volume of insider transactions reported by Vickers Stock Research remains relatively low because of restrictions placed on executives, beneficial owners, and directors during earnings season, the trading that is taking place has now been cautious for three consecutive weeks. New to the mix this week is a bearish pop in Vickers' NYSE One-Week Sell/Buy Ratio. That reading had been holding up, even as the Nasdaq one-week reading has been weak. But now, the NYSE reading also is showing some strain - and the combination of now-weakening NYSE sentiment combined with ongoing-weak Nasdaq sentiment is having a negative impact on Vickers' broader (eight-week) sentiment readings.

In the eight weeks before the start of earnings season, insider-sentiment data from Vickers Stock Research was consistently positive. On a scale where any reading below 2.00 is bullish, Vickers' Total One-Week Sell/Buy Ratio never got higher than 1.99 and was as low as 1.06. That resulted in a peak bullish Total Eight-Week Sell/Buy Ratio of 1.71 on October 15, just as the earnings onslaught began.

The Vickers Top Buyers & Sellers is a daily report that identifies the five companies the largest insider purchase transactions based on the dollar value of the transactions as well as the five companies the largest insider sales transactions based on the dollar value of the transactions.

Last week was the busiest of the quarter for corporate earnings, with a fair number of sharp moves in stock prices following above- or below-consensus results or changes in company guidance. Through October 25, Refinitiv reports that 129 S&P 500 companies have announced earnings, with 74% of those coming in ahead of the EPS consensus. The blended (reported and estimated) growth rate for the full quarter, however, is now at 3.3%. That's down from the 4.5% that was expected at the start of the quarter, which is likely a combination of the magnitude of the earnings misses as well as earnings estimates still coming down for those still scheduled to report. Sectors with the strongest beat rates so far have been Healthcare and Communication Services, where 100% of companies reporting have come in ahead of consensus. The biggest laggard has been Consumer Discretionary, where only 47% have exceeded consensus. Energy dominates, with a 119% blended earnings growth rate versus 3Q21, while Financials are at the other end with a 16% earnings decline. Our analysts are always on the lookout for companies that boost their outlooks during earnings season. Management's ability to "raise guidance" can often be a catalyst to strong returns in the quarters ahead. Here is an initial list of BUY-rated companies in Argus coverage for which management has raised guidance or increased its outlook during the 3Q22 EPS reporting season.

Stocks rose on Tuesday morning as investors weighed a new round of 3Q earnings reports. General Motors shares rose after the automaker posted strong third-quarter revenue and earnings, though management maintained its full-year EPS guidance. UPS also rose after posting above-consensus earnings, while GE fell after disappointing results, driven by losses in its renewable energy business. Growth in housing prices continued to slow. The Case-Shiller index reported a 13% year-over-year increase in home prices in August, down from 15.6% growth in July and below the consensus forecast. The Dow rose 0.6%, the S&P 1.0%, and the Nasdaq 1.6%. Crude oil rose more than 1% to $85.50 per barrel, while gold rose $9 to $1664 per ounce.

In 2022, the iShares 20+ Year Treasury ETF (TLT) has crashed 33%. Since peaking in August 2020, TLT is down an incredible 42%. Since TLT started trading in 2002, this is, by far, its worst decline. TLT has cycled into oversold territory on the monthly chart, an unusual event.