The Edge - InsiderStreet.ai

🔥 PRE MARKET MOVERS

Pre-Market Session • 07:00 ET • $0.0T Total Volume

📈 Top Gainers by $ Volume

MU +10.28% $500M

CRCL +23.12% $203M

NVDA +0.22% $149M

CTRI +0.70% $70M

ATKR +0.82% $36M

PHVS +11.53% $20M

NOK +0.34% $17M

OLPX +0.49% $5M

ABCL +13.66% $3M

GRAB +2.86% $3M

📉 Top Losers by $ Volume

INTC -0.18% $234M

PLTR -1.47% $212M

AMD -3.36% $166M

PYPL -1.11% $13M

BHC -0.71% $13M

SHO -9.35% $12M

ESRT -2.40% $8M

BCAX -1.85% $6M

RDW -5.14% $3M

ONDS -4.89% $3M

🐷 PIG ROAST

NBIS +14.2% Invezz: Up 637% in a year and still buying companies for $643M - when your stock runs this hot, why not double down?

CRCL +19.9% PYMNTS: Circle gets 20% pump from lawmakers actually agreeing on something - crypto's biggest miracle isn't blockchain, it's bipartisan compromise.

IREN +8.4% Fool: Up 677% in 12 months but still playing second fiddle to Nebius - even AI infrastructure has a pecking order.

AXTI +10.4% Zacks: Up 6,567% in a year and analysts asking if it can run higher - when stocks go parabolic, gravity becomes optional.

GBTG +57.5% Fool: Getting taken private sends shares up 58% - sometimes the only way out of public markets is straight up.

FDX -9.1% NY Post: Down 9% as Amazon launches delivery service - when your biggest customer becomes your biggest competitor, awkward doesn't begin to cover it.

UPS -10.5% NY Post: Amazon's "shot across the bow" sinks UPS 11% - nothing says disruption like your former partner declaring war on your business model.

NCLH -8.6% Seeking Alpha: Beat earnings but cut guidance, down 8% - apparently investors prefer profitable quarters over optimistic forecasts, who knew?

GME -10.1% Benzinga: Michael Burry exits his position, stock drops 10% - when "The Big Short" guy bails, maybe diamond hands need to reconsider.

CHRW -9.1% C.H. Robinson drops 9% despite solid fundamentals - up

💬 Word on the Street

While Rep. Robert E. Latta (R-OH) quietly added shares of Farmer Mac (FMAO), 42 insiders at Carvana (CVNA) stampeded for the exits with $1.9 billion in sales—the kind of divergence that makes you wonder who knows something the other doesn't. Meanwhile, volatility collapsed 9.2% as the VIX dropped to 17.0, and smart money overall pulled $5.1 billion off the table even as a few contrarian bets trickled in. Here's what smart money is doing today.

📖 HOW TO READ THIS REPORT

The Big Idea: When insiders, institutions, AND politicians all bet on the same stock? That's convergence — and historically, these aligned signals tend to pack more punch than solo moves. We track the smart money so you don't have to.

Signal Badges

ETF Institutional funds adding/removing positions
INSIDER Corporate executives buying/selling their own stock
CONGRESS Politicians making trades (yes, we see you)

Momentum Icons

▲ + Buying Rising Stock: Smart money accumulating as price rises — ideal alignment
+ Buying Falling Stock: Smart money accumulating while price drops — falling knife risk
▲ - Selling Rising Stock: Smart money exiting while price still rising — warning signal
- Selling Falling Stock: Smart money exiting as price drops — confirms downtrend

The Bottom Line: Convergence + aligned momentum = strongest setups. Convergence + divergent momentum = proceed with caution. This isn't financial advice — it's intelligence. What you do with it is on you.

🎯 SMART MONEY CONVERGENCE

📈 Accumulation Detected (10)

META Meta Platforms, Inc. ⭐ CONGRESS INSIDER ETF

▲ + Buying Rising Stock 5D -10.0% 3M -13.6% 1Y +6.9%

13 member(s) purchased N/A • 42 insiders purchased $8377.9M • 3786 ETFs increased positions

EQT EQT Corporation ⭐ CONGRESS INSIDER ETF

+ Buying Falling Stock 5D +0.8% 3M +8.2% 1Y +18.4%

2 member(s) purchased N/A • 24 insiders purchased $346.8M • 1225 ETFs increased positions

NOW ServiceNow, Inc. ⭐ CONGRESS INSIDER ETF

+ Buying Falling Stock 5D +1.7% 3M -22.0% 1Y -52.0%

10 member(s) purchased N/A • 5 insiders purchased $283.6M • 2794 ETFs increased positions

TTD The Trade Desk, Inc. ⭐ CONGRESS INSIDER ETF

▲ + Buying Rising Stock 5D +4.2% 3M -19.0% 1Y -54.6%

3 member(s) purchased N/A • 14 insiders purchased $197.5M • 1383 ETFs increased positions

CRM Salesforce, Inc. ⭐ CONGRESS INSIDER ETF

+ Buying Falling Stock 5D +3.0% 3M -11.9% 1Y -30.7%

6 member(s) purchased N/A • 10 insiders purchased $158.4M • 2493 ETFs increased positions

KO The Coca-Cola Company ⭐ CONGRESS INSIDER ETF

▲ + Buying Rising Stock 5D +3.6% 3M +3.8% 1Y +12.1%

7 member(s) purchased N/A • 11 insiders purchased $137.4M • 2669 ETFs increased positions

EMR Emerson Electric Co. ⭐ CONGRESS INSIDER ETF

▲ + Buying Rising Stock 5D -4.2% 3M -8.5% 1Y +29.6%

1 member(s) purchased N/A • 10 insiders purchased $134.9M • 1960 ETFs increased positions

TXN Texas Instruments Incorporated ⭐ CONGRESS INSIDER ETF

▲ + Buying Rising Stock 5D +4.2% 3M +24.9% 1Y +80.4%

1 member(s) purchased N/A • 23 insiders purchased $118.8M • 2805 ETFs increased positions

LLY Eli Lilly and Company ⭐ CONGRESS INSIDER ETF

+ Buying Falling Stock 5D +11.5% 3M -7.1% 1Y +22.6%

9 member(s) purchased N/A • 50 insiders purchased $104.2M • 3068 ETFs increased positions

GD General Dynamics Corporation ⭐ CONGRESS INSIDER ETF

+ Buying Falling Stock 5D +11.7% 3M +0.8% 1Y +29.8%

4 member(s) purchased N/A • 40 insiders purchased $101.7M • 1691 ETFs increased positions

😱 VOLATILITY & FEAR

The VIX declined 9.2% week-over-week to 16.99, remaining within the normal range that typically reflects moderate investor concern rather than complacency or panic. More notably, the MOVE index measuring bond market volatility dropped 27.0% to 13.10, reaching historically low levels that indicate exceptionally calm conditions in fixed income markets. This combination suggests investors are pricing in relatively stable conditions across both equity and bond markets in the near term, though the equity volatility gauge remains above the sub-15 threshold where complacency concerns typically emerge.

VIX

16.99

-9.2% WoW

📉

Normal

MOVE

13.10

-27.0% WoW

📉

Low

📊 MARKET REGIME

Market breadth shows a technology-led regime with semiconductors leading at 100% participation, followed by real estate at 87% and broader technology at 75%, while defensive sectors like healthcare and consumer staples lag significantly below 40%. The Nasdaq 100 demonstrates stronger internal momentum at 64% breadth compared to the S&P 500 and Dow Jones at 56% and 53% respectively, though transports show notably stronger participation at 79%. This configuration reflects concentrated strength in cyclical growth and rate-sensitive sectors, with a clear bifurcation between offensive and defensive areas of the market.

Sector Strength

🔌 Semiconductors

100.0%

+0.1%

🏠 Real Estate

87.1%

+1.4%

💻 Technology

75.3%

+0.9%

⛽ Energy

72.7%

+4.7%

🏦 Financials

71.1%

-0.4%

📡 Communication

60.9%

+0.3%

🏭 Industrials

53.2%

-0.9%

⚡ Utilities

51.6%

+0.4%

🧱 Materials

46.2%

-2.2%

🛍️ Consumer Discretionary

41.7%

-0.1%

🛒 Consumer Staples

36.1%

+1.5%

🏥 Healthcare

22.4%

+0.9%

📈 INDEX BREADTH

SPY

56.1%

NEUTRAL

QQQ

64.4%

BULLISH

DIA

53.3%

NEUTRAL

IYT

79.1%

BULLISH

💧 FED LIQUIDITY

Net Liquidity: $6.70 Trillion

↓ $7.5B WoW

Federal Reserve net liquidity stood at $6.70 trillion as of April 29, declining $7.5 billion week-over-week, with the next H.4.1 data release scheduled for Thursday, May 7. The contraction in liquidity typically correlates with tighter financial conditions, as reduced Fed balance sheet support removes dollar availability from the financial system.

📅 ECONOMIC CALENDAR Surprise Index: +1.3

Factory orders surged 1.5% in March, tripling the 0.5% estimate and marking the strongest monthly gain since January 2024, as manufacturing demand showed resilience despite elevated rates—the back-to-back increases (0.3% in February, 1.5% in March) suggest industrial activity may be stabilizing after a choppy first quarter. Today's focus shifts to the ISM Services PMI, where economists expect a slight cooling to 53.7 from 54.0, though the real wildcard is the Non-Manufacturing Prices component that jumped to 70.7 last month—the highest since June 2022—which could signal sticky inflation in the dominant services sector that represents roughly 80% of the economy. Tomorrow's ADP employment report (expected at 99K versus last month's weak 62K print) will set the tone ahead of Friday's official jobs data, while JOLTS openings forecast at 6.83M would mark the lowest level since January 2021 if realized, confirming continued labor market softening.

Yesterday — Monday, May 04

2 events · 1 beat

14:00 Factory Orders MoM (Mar) 1.5% vs 0.5% est

Today — Tuesday, May 05

14 events · 14 upcoming

12:30 Exports (Mar) est 319.1B / prev 314.8B

12:30 Balance of Trade (Mar) est -60.5B / prev -57.3B

12:30 Imports (Mar) est 380.5B / prev 372.1B

14:00 New Home Sales (Mar) est 0.668M / prev 587.0M

14:00 Fed Bowman Speech Pending

14:00 ISM Services PMI (Apr) est 53.7 / prev 54.0

14:00 ISM Non-Manufacturing PMI (Apr) est 53.7 / prev 54.0

14:00 JOLTs Job Openings (Mar) est 6.83M / prev 6.882M

14:00 ISM Non-Manufacturing Employment (Apr) prev 45.2

14:00 ISM Non-Manufacturing Prices (Apr) prev 70.7

14:00 New Home Sales (Feb) est 0.61M / prev 0.587M

16:30 Fed Bowman Speech Pending

16:30 Fed Barr Speech Pending

20:30 API Crude Oil Stock Change (May/01) est -2.8 / prev -1.79

Tomorrow — Wednesday, May 06

7 events · 0 high impact

11:00 MBA 30-Year Mortgage Rate (May/01) prev 6.37%

12:15 ADP Employment Change (Apr) est 99.0K / prev 62.0K

13:30 Fed Musalem Speech Pending

14:30 EIA Gasoline Stocks Change (May/01) est -1.7 / prev -6.075

14:30 EIA Crude Oil Stocks Change (May/01) est -2.8 / prev -6.233

17:00 Fed Goolsbee Speech Pending

17:30 Fed Hammack Speech Pending

🏦 INSTITUTIONAL FLOW

# Institutional Flow Summary Exchange-traded funds demonstrated mixed positioning in mega-cap technology during the recent period, with 4,112 ETFs adding AVGO shares and 3,786 adding META, while 2,449 and 2,189 ETFs respectively reduced these same positions, indicating institutional disagreement on semiconductor and social media valuations. The data shows balanced flows overall (10 adding versus 10 removing), with notable activity in memory chip maker MU (3,706 additions) and healthcare giant LLY (2,049 removals), suggesting a potential rotation within growth sectors rather than a broad directional bet.

Top Buying

AVGO Broadcom Inc. ⭐

▲ + Buying Rising Stock 5D -0.4% 3M +25.8% 1Y +112.0%

4112 ETFs • 0 shares

META Meta Platforms, Inc. ⭐

▲ + Buying Rising Stock 5D -10.0% 3M -13.6% 1Y +6.9%

3786 ETFs • 0 shares

MU Micron Technology, Inc. ⭐

▲ + Buying Rising Stock 5D +9.9% 3M +31.7% 1Y +642.4%

3706 ETFs • 0 shares

INTC Intel Corporation ⭐

▲ + Buying Rising Stock 5D +12.7% 3M +96.2% 1Y +379.4%

3393 ETFs • 0 shares

CSCO Cisco Systems, Inc. ⭐

▲ + Buying Rising Stock 5D +5.0% 3M +14.9% 1Y +61.3%

3296 ETFs • 0 shares

Top Selling

AVGO Broadcom Inc. ⭐

▲ - Selling Rising Stock 5D -0.4% 3M +25.8% 1Y +112.0%

2449 ETFs • 0 shares

META Meta Platforms, Inc. ⭐

▲ - Selling Rising Stock 5D -10.0% 3M -13.6% 1Y +6.9%

2189 ETFs • 0 shares

LLY Eli Lilly and Company ⭐

- Selling Falling Stock 5D +11.5% 3M -7.1% 1Y +22.6%

2049 ETFs • 0 shares

GILD Gilead Sciences, Inc. ⭐

- Selling Falling Stock 5D +3.9% 3M -7.1% 1Y +31.2%

1800 ETFs • 0 shares

MU Micron Technology, Inc. ⭐

▲ - Selling Rising Stock 5D +9.9% 3M +31.7% 1Y +642.4%

1632 ETFs • 0 shares

🏛️ CONGRESSIONAL TRADES

Rep. Robert E. Latta made multiple purchases of FMAO stock across three separate transactions during the reporting period. Rep. Lloyd Smucker reduced positions in three different holdings, selling FULT, ENBP, and PRU.

Top Buying

FMAO Farmers & Merchants Bancorp, Inc. ⭐ CONGRESS

▲ + Buying Rising Stock 5D -3.7% 3M -4.5% 1Y +10.7%

Rep. Robert E Latta (Robert E Latta) • $1,001 - $15,000

FMAO Farmers & Merchants Bancorp, Inc. ⭐ CONGRESS

▲ + Buying Rising Stock 5D -3.7% 3M -4.5% 1Y +10.7%

Rep. Robert E Latta (Robert E Latta) • $1,001 - $15,000

FMAO Farmers & Merchants Bancorp, Inc. ⭐ CONGRESS

▲ + Buying Rising Stock 5D -3.7% 3M -4.5% 1Y +10.7%

Rep. Robert E. Latta (Robert E. Latta) • $1,001 - $15,000

TSM Taiwan Semiconductor Manufacturing Company Limited ⭐ CONGRESS

▲ + Buying Rising Stock 5D -0.8% 3M +17.6% 1Y +134.2%

Rep. Cleo Fields (Cleo Fields) • $1,001 - $15,000

MAR Marriott International, Inc. ⭐ CONGRESS

▲ + Buying Rising Stock 5D -3.7% 3M +9.0% 1Y +43.4%

Rep. W. Gregory Steube (W. Gregory Steube) • $15,001 - $50,000

Top Selling

FULT Fulton Financial Corporation ⭐ CONGRESS

▲ - Selling Rising Stock 5D -3.3% 3M +0.8% 1Y +27.9%

Rep. Lloyd Smucker (Lloyd Smucker) • $50,001 - $100,000

ENBP ENB Financial Corp ⭐ CONGRESS

▲ - Selling Rising Stock 5D +0.6% 3M +6.1% 1Y +59.1%

Rep. Lloyd Smucker (Lloyd Smucker) • $1,001 - $15,000

PRU Prudential Financial, Inc. ⭐ CONGRESS

- Selling Falling Stock 5D +2.1% 3M -11.4% 1Y -0.3%

Rep. Lloyd Smucker (Lloyd Smucker) • $1,001 - $15,000

VZ Verizon Communications Inc. ⭐ CONGRESS

- Selling Falling Stock 5D +1.1% 3M +6.7% 1Y +13.6%

Rep. Lloyd Smucker (Lloyd Smucker) • $1,001 - $15,000

WFC Wells Fargo & Company ⭐ CONGRESS

- Selling Falling Stock 5D -1.6% 3M -13.7% 1Y +12.2%

Rep. Lloyd Smucker (Lloyd Smucker) • $15,001 - $50,000

👔 INSIDER ACTIVITY

Notable cluster activity this week shows 24 insiders at EQT Corporation acquiring shares while the auto sector experienced concentrated selling, with 42 insiders at Carvana offloading $1.9 billion in stock, 178 insiders at Avis Budget divesting $1.8 billion, and 347 insiders at Crow Holdings reducing positions worth $1.5 billion. The period resulted in balanced signals with 15 accumulation patterns offsetting 15 distribution patterns across monitored securities.

Cluster Buying

EQT EQT Corporation ⭐ INSIDER

+ Buying Falling Stock 5D +0.8% 3M +8.2% 1Y +18.4%

24 insiders • $346.8M

NOW ServiceNow, Inc. ⭐ INSIDER

+ Buying Falling Stock 5D +1.7% 3M -22.0% 1Y -52.0%

3 insiders • $280.6M

PRIM Primoris Services Corporation ⭐ INSIDER

▲ + Buying Rising Stock 5D +7.3% 3M +21.4% 1Y +191.1%

8 insiders • $80.4M

PRLD Prelude Therapeutics Incorporated ⭐ INSIDER

▲ + Buying Rising Stock 5D +4.9% 3M +133.5% 1Y +416.1%

7 insiders • $27.1M

MEDP Medpace Holdings, Inc. ⭐ INSIDER

+ Buying Falling Stock 5D -1.0% 3M -29.1% 1Y +38.0%

4 insiders • $20.5M

Heavy Selling

CVNA Carvana Co. ⭐ INSIDER

▲ - Selling Rising Stock 5D -7.4% 3M -7.7% 1Y +49.5%

42 insiders • $1.9B

CAR Avis Budget Group, Inc. ⭐ INSIDER

- Selling Falling Stock 5D -10.0% 3M +45.7% 1Y +81.0%

178 insiders • $1.8B

CRWV CoreWeave, Inc. Class A Common Stock ⭐ INSIDER

▲ - Selling Rising Stock 5D +12.0% 3M +41.1% 1Y +183.2%

347 insiders • $1.5B

RDW Redwire Corporation ⭐ INSIDER

- Selling Falling Stock 5D -7.4% 3M -20.6% 1Y -21.1%

2 insiders • $242.2M

ANET Arista Networks, Inc. ⭐ INSIDER

▲ - Selling Rising Stock 5D +0.1% 3M +24.8% 1Y +96.5%

12 insiders • $78.0M

📅 EARNINGS CALENDAR

Today's earnings slate features 299 companies, with AMD and HSBC showing recent accumulation patterns by institutional holders ahead of their reports, while PFE and DUK have experienced notable distribution activity. Yesterday's session saw AXSM surge 19.2% and VAL-WT climb 16.9%, while NSSC declined 14.1%. Tomorrow's calendar expands to 309 companies reporting quarterly results.

📊 Previous Earnings — May 04, 2026

97 reported • ✅ 47 beats • ❌ 38 misses

AXSM Axsome Therapeutics, Inc. ⭐ MISS +19.2%

70

▲ + Buying Rising Stock

EPS: $-1.26 vs $-0.85 est (-48.2%)

Beats 8/12 quarters | Avg +4.5% | ⚠️ 3Q miss streak

3 insiders sold $11.1M

VAL-WT Valaris Limited Warrants ⭐ MISS +16.9%

70

▲ + Buying Rising Stock

EPS: $-0.24 vs $-0.04 est (-541.7%)

Beats 1/2 quarters | Avg +814.3%

NSSC Napco Security Technologies, Inc. ⭐ BEAT -14.1%

70

▲ + Buying Rising Stock

EPS: $0.39 vs $0.35 est (+11.4%)

Beats 9/12 quarters | Avg +8.2% | 🔥 4Q beat streak

3 insiders sold $14.6M

AMRC Ameresco, Inc. ⭐ MISS +12.8%

70

▲ + Buying Rising Stock

EPS: $-0.33 vs $-0.27 est (-22.2%)

Beats 7/12 quarters | Avg +30.3%

8 insiders sold $581.3K

JBTM JBT Marel Corporation ⭐ BEAT -11.8%

30

+ Buying Falling Stock

EPS: $1.58 vs $1.49 est (+6.0%)

Beats 8/11 quarters | Avg +124.4% | 🔥 5Q beat streak

2 insiders sold $2.8M

ADEA Adeia Inc. ⭐ BEAT +11.6%

70

▲ + Buying Rising Stock

EPS: $0.38 vs $0.36 est (+5.6%)

Beats 9/12 quarters | Avg +9.4% | 🔥 2Q beat streak

ERO Ero Copper Corp. ⭐ BEAT -11.4%

30

+ Buying Falling Stock

EPS: $0.69 vs $0.56 est (+23.2%)

Beats 7/12 quarters | Avg +30.6%

BCC Boise Cascade Company ⭐ BEAT -11.2%

50

▲ + Buying Rising Stock

EPS: $0.50 vs $0.43 est (+16.3%)

Beats 7/12 quarters | Avg +17.0% | 🔥 2Q beat streak

TVTX Travere Therapeutics, Inc. ⭐ MISS +10.1%

70

▲ + Buying Rising Stock

EPS: $-0.40 vs $-0.24 est (-65.3%)

Beats 5/12 quarters | Avg +7.1%

34 insiders sold $14.2M

BWIN The Baldwin Insurance Group, Inc. ⭐ MISS -9.9%

70

▲ + Buying Rising Stock

EPS: $0.63 vs $0.64 est (-1.6%)

Beats 6/12 quarters | Avg -34.0%

2 insiders purchased / 1 insider sold $625.4K

🎯 Reporting Today — May 05, 2026

299 reporting • Smart Money:

178 acc •

64 dist •

57 neut

AMD Advanced Micro Devices, Inc. ⭐

70

▲ + Buying Rising Stock

Beats 10/12 quarters | Avg +3.0% | 🔥 5Q beat streak

37 insiders sold $74.8M

HSBC HSBC Holdings plc ⭐

70

▲ + Buying Rising Stock

EPS: $2.00 vs $2.12 est

Beats 10/12 quarters | Avg +8.2% | 🔥 8Q beat streak

1 insider purchased $205

ANET Arista Networks, Inc. ⭐

70

▲ + Buying Rising Stock

Beats 12/12 quarters | Avg +11.8% | 🔥 12Q beat streak

84 insiders sold $215.7M

ETN Eaton Corporation plc ⭐

70

▲ + Buying Rising Stock

Beats 12/12 quarters | Avg +2.7% | 🔥 12Q beat streak

2 insiders sold $5.5M

BUD Anheuser-Busch InBev SA/NV ⭐

70

▲ + Buying Rising Stock

EPS: $1.52 vs $0.90 est

Beats 11/12 quarters | Avg +14.3% | 🔥 8Q beat streak

DUK-PA Duke Energy Corporation ⭐

70

▲ + Buying Rising Stock

Beats 9/12 quarters | Avg +3.0% | 🔥 4Q beat streak

KKR KKR & Co. Inc. ⭐

70

▲ + Buying Rising Stock

Beats 11/12 quarters | Avg +5.2%

13 insiders purchased $50.9M

CMI Cummins Inc. ⭐

70

▲ + Buying Rising Stock

Beats 9/12 quarters | Avg +9.9% | 🔥 8Q beat streak

25 insiders sold $18.4M

SU Suncor Energy Inc. ⭐

70

▲ + Buying Rising Stock

Beats 12/12 quarters | Avg +15.1% | 🔥 12Q beat streak

EOG EOG Resources, Inc. ⭐

70

▲ + Buying Rising Stock

Beats 11/12 quarters | Avg +6.8% | 🔥 8Q beat streak

7 insiders sold $2.5M

MPC Marathon Petroleum Corporation ⭐

70

▲ + Buying Rising Stock

Beats 11/12 quarters | Avg +313.6%

6 insiders sold $2.1M

AEP American Electric Power Company, Inc. ⭐

70

▲ + Buying Rising Stock

Beats 8/12 quarters | Avg +2.5%

2 insiders sold $719.9K

LITE Lumentum Holdings Inc. ⭐

70

▲ + Buying Rising Stock

Beats 11/12 quarters | Avg +20.4% | 🔥 11Q beat streak

62 insiders sold $38.9M

ET Energy Transfer LP ⭐

70

▲ + Buying Rising Stock

Beats 4/12 quarters | Avg -9.6% | ⚠️ 3Q miss streak

CCJ Cameco Corporation ⭐

70

▲ + Buying Rising Stock

Beats 5/12 quarters | Avg -5.8%

📌 Next Earnings — May 06, 2026

309 reporting • Smart Money:

174 acc •

59 dist •

76 neut

ARM Arm Holdings plc American Depositary Shares ⭐

70

▲ + Buying Rising Stock

Beats 8/10 quarters | Avg +0.2%

13 insiders sold $13.6M

NVO Novo Nordisk A/S ⭐

70

▲ + Buying Rising Stock

Beats 7/12 quarters | Avg +5.1% | 🔥 3Q beat streak

DIS The Walt Disney Company ⭐

70

▲ + Buying Rising Stock

Beats 12/12 quarters | Avg +12.3% | 🔥 12Q beat streak

1 insider purchased $98.8K

APP AppLovin Corporation ⭐

70

▲ + Buying Rising Stock

Beats 11/12 quarters | Avg +26.3% | 🔥 11Q beat streak

123 insiders sold $95.8M

CVS CVS Health Corporation ⭐

70

▲ + Buying Rising Stock

Beats 10/12 quarters | Avg +7.5% | 🔥 5Q beat streak

EQNR Equinor ASA ⭐

70

▲ + Buying Rising Stock

Beats 4/12 quarters | Avg -4.9%

MAR Marriott International, Inc. ⭐

70

▲ + Buying Rising Stock

Beats 8/12 quarters | Avg +7.8%

10 insiders sold $34.3M

JCI Johnson Controls International plc ⭐

70

▲ + Buying Rising Stock

Beats 9/12 quarters | Avg +3.2% | 🔥 8Q beat streak

1 insider purchased / 3 insiders sold $1.3M

DASH DoorDash, Inc. ⭐

70

▲ + Buying Rising Stock

Beats 5/12 quarters | Avg -28.0% | ⚠️ 2Q miss streak

56 insiders sold $29.4M

APO Apollo Global Management, Inc. ⭐

70

▲ + Buying Rising Stock

Beats 7/12 quarters | Avg +4.8% | 🔥 3Q beat streak

📝 Today's Summary

Smart money flows reveal diverging conviction levels across major growth names as institutional positioning shows clear disagreement on mega-cap technology valuations. Exchange-traded funds split nearly evenly on Broadcom (AVGO) with 4,112 adding exposure while 2,449 reduced positions, and similar division on Meta Platforms (META) with 3,786 adding against 2,189 trimming stakes. The institutional community showed stronger consensus on Micron Technology (MU) with 3,706 ETFs adding shares, suggesting differentiated views within semiconductors despite the sector's 100% breadth participation. Insider activity presented a stark contrast between energy and automotive sectors, with 24 insiders at EQT Corporation accumulating shares while the auto industry experienced heavy selling pressure—42 insiders at Carvana (CVNA) offloaded $1.9 billion, 178 insiders at Avis Budget Group (CAR) divested $1.8 billion, and 347 insiders at Crow Holdings Automobile Group reduced positions worth $1.5 billion. Congressional activity remained modest with Rep. Robert E. Latta executing multiple purchases of Farmers & Merchants Bancorp (FMAO) and Rep. Lloyd Smucker reducing exposure across Fulton Financial (FULT), ENB Financial (ENBP), and Prudential Financial (PRU). Market structure reflects a technology-dominated regime with semiconductors demonstrating universal participation at 100% breadth while defensive sectors lag dramatically, healthcare and consumer staples both registering below 40% participation. The Nasdaq 100's 64% breadth advantage over the S&P 500's 56% confirms concentrated leadership in cyclical growth names, though transports showing 79% participation suggests some broadening beyond pure technology. Volatility gauges signal expectations for stable conditions with the VIX declining 9.2% week-over-week to 16.99, remaining above complacency thresholds, while the MOVE index measuring bond volatility plunged 27.0% to 13.10, reaching historically calm levels that indicate fixed income markets are pricing minimal rate turbulence ahead. This bifurcated sector performance—rate-sensitive real estate at 87% breadth alongside defensive weakness—reflects markets digesting stabilizing inflation data while maintaining growth sector preference. The economic calendar presents potential catalysts that could either validate or challenge current positioning, with today's ISM Services PMI expected at 53.7 offering insight into the services sector representing roughly 80% of the economy, though the Non-Manufacturing Prices component warrants close attention after surging to 70.7 last month, the highest reading since June 2022. Factory orders provided an upside surprise with March's 1.5% surge tripling estimates and marking the strongest gain since January 2024, suggesting industrial stabilization that could support the semiconductor thesis reflected in institutional flows. Tomorrow's earnings calendar expands to 309 companies with Advanced Micro Devices (AMD) and HSBC Holdings (HSBC) showing recent institutional accumulation ahead of results, while Pfizer (PFE) and Duke Energy (DUK) experienced distribution

Key themes: Watch convergence signals closely. Stocks where insiders, institutions, and politicians agree tend to show stronger directional moves.