This is where today’s list of insider buying activity comes into play, as investors can reverse engineer the reasoning behind these bigger firms buying into a stock and, if justifiable enough, get some for themselves. This might ensure that their portfolios kick off the new year with a bang, leaving plenty of room to keep up the momentum for the remainder of the year.
Stocks like Nike Inc. (NYSE: NKE), FedEx Co. (NYSE: FDX), and even Occidental Petroleum Co. (NYSE: OXY) have all caught the attention of institutional buyers and investors recently. It looks like Wall Street analysts are aligned with the fundamental stories behind these companies, which are strong enough to justify double-digit upside in the coming months.
