We love earnings season at the Insider Report.
Opportunities are everywhere.
Tons of insiders buy in size weeks and sometimes days ahead of earnings.
We can never tell if earnings will actually be strong until they happen, but we can at least potentially profit from the market’s anticipation.
In fact, it makes the market more predictable for us than outside earnings season.
One of our watchlist stocks is a great example.
Last earnings season, we saw the CIO, the SVP of the General Counsel (GC), and another VP buy before earnings were reported.
The week before those earnings came out, the stock had a massive run, helping us book 12% gains on the stock and 100% on the option (we only sold half of each position).
Good thing we did — the stock promptly plunged below our stop. It’s stayed pretty low ever since.
Yet some insiders must see this as no more than a discount…
Because a few are buying again. They’re buying about the same distance out from earnings, too.
This time around, the SVP of the GC is buying at a much lower price. He boosted his holdings by 25%!
History repeats itself, as they say.
But instead of the CIO or that other SVP joining him…
It’s the CEO who’s also buying — and he bought $350k of shares!
This stock’s starting to look like it has potential again. We’ll have to wait a bit longer and see.
In the meantime…