The Edge - InsiderStreet.ai

🔥 PRE MARKET MOVERS

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

📈 Top Gainers by $ Volume

NI +2.47% $220M

EQH +1.19% $186M

IREN +0.58% $143M

FHN +1.14% $100M

AXTA +2.45% $76M

WAY +6.81% $62M

SHC +0.47% $56M

ALHC +2.12% $47M

PENN +0.90% $44M

SUZ +4.98% $26M

📉 Top Losers by $ Volume

CRH -3.33% $500M

CP -0.44% $307M

MET -1.76% $279M

EQR -2.07% $254M

KIM -1.30% $151M

HUN -0.96% $87M

HR -3.71% $76M

PK -1.29% $46M

BLMN -7.70% $35M

CIG -1.64% $15M

🐷 PIG ROAST

DDOG +31.3% Seeking Alpha: Beat by 9 cents, revenue crushed estimates, up 31% — but analysts still telling you not to chase. Classic.

FTNT +20.0% Benzinga: Smashed earnings by 20 cents after being down 17% for the year — cybersecurity finally pays when hackers work overtime.

SITM +27.9% Motley Fool: Up 277% in a year, beats earnings again, adds another 28% today — this clock company's timing is absolutely perfect.

AAON +31.5% Motley Fool: Data centers need cooling, AAON provides it, earnings obliterated estimates — sometimes boring industrial stocks aren't so boring.

FLNC +39.9% 247 Wall Street: Beat on losses, missed revenue badly, still up 40% — when you're down 41% YTD, any good news feels like Christmas.

ZTS -21.5% Beat nothing, missed everything, down 22% — when your animal health company makes investors sicker than the pets you treat.

INSM -23.4% Beat earnings and revenue but tanked 23% anyway — apparently Investor's Business Daily thinks your lung drug launch needs CPR.

SHAK -28.2% GuruFocus: Missed earnings, missed revenue, down 28% — turns out break-even burgers don't break even with investor expectations.

FSLY -38.2% Motley Fool: Beat everything, hit records, still crashed 38% — apparently being up 444% in a year makes "good enough" feel like failure.

PLNT -31.2% Beat both metrics handily but down 31% — when lawyers are investigating securities fraud, even perfect push-ups can't save your stock price.

💬 Word on the Street

Rep. April Delaney quietly added Steris PLC (STE) to her portfolio while 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 rest of us don't. Meanwhile, Datadog (DDOG) rockets 31% after crushing earnings and analysts are *still* pumping the brakes, SentinelOne (S) surges on a cybersecurity beat that suggests ransomware season is alive and well, and SiTime Corporation (SITM) extends its 277% yearly run with another 28% pop because apparently timing chips have better timing than most traders. Here's what smart money actually did with their capital 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 Falling Stock 5D -8.4% 3M -8.4% 1Y +2.5%

13 member(s) purchased N/A • 42 insiders purchased $8377.9M • 4386 ETFs increased positions

NOW ServiceNow, Inc. ⭐ CONGRESS INSIDER ETF

+ Buying Falling Stock 5D +0.2% 3M -19.8% 1Y -54.5%

8 member(s) purchased N/A • 5 insiders purchased $283.6M • 3368 ETFs increased positions

ALKT Alkami Technology, Inc. ⭐ CONGRESS INSIDER ETF

▲ + Buying Rising Stock 5D +2.0% 3M -6.1% 1Y -39.5%

1 member(s) purchased N/A • 15 insiders purchased $188.9M • 347 ETFs increased positions

CRM Salesforce, Inc. ⭐ CONGRESS INSIDER ETF

+ Buying Falling Stock 5D -0.0% 3M -9.2% 1Y -33.2%

5 member(s) purchased N/A • 10 insiders purchased $158.4M • 3075 ETFs increased positions

KO The Coca-Cola Company ⭐ CONGRESS INSIDER ETF

▲ + Buying Rising Stock 5D +0.4% 3M +2.4% 1Y +12.8%

8 member(s) purchased N/A • 11 insiders purchased $137.4M • 3128 ETFs increased positions

EMR Emerson Electric Co. ⭐ CONGRESS INSIDER ETF

▲ + Buying Rising Stock 5D +8.3% 3M -5.6% 1Y +38.2%

1 member(s) purchased N/A • 10 insiders purchased $134.9M • 2301 ETFs increased positions

TXN Texas Instruments Incorporated ⭐ CONGRESS INSIDER ETF

▲ + Buying Rising Stock 5D +8.1% 3M +29.8% 1Y +81.1%

1 member(s) purchased N/A • 23 insiders purchased $118.8M • 3319 ETFs increased positions

LLY Eli Lilly and Company ⭐ CONGRESS INSIDER ETF

▲ + Buying Rising Stock 5D +16.0% 3M -10.7% 1Y +20.9%

9 member(s) purchased N/A • 50 insiders purchased $104.2M • 3675 ETFs increased positions

GD General Dynamics Corporation ⭐ CONGRESS INSIDER ETF

▲ + Buying Rising Stock 5D +2.5% 3M -1.7% 1Y +28.8%

4 member(s) purchased N/A • 40 insiders purchased $101.7M • 2074 ETFs increased positions

BK The Bank of New York Mellon Corporation ⭐ CONGRESS INSIDER ETF

▲ + Buying Rising Stock 5D +1.0% 3M +10.2% 1Y +64.3%

2 member(s) purchased N/A • 11 insiders purchased $101.2M • 2662 ETFs increased positions

😱 VOLATILITY & FEAR

Market volatility measures indicate relatively calm conditions across asset classes, with equity volatility sitting in the normal range while bond market volatility has declined to notably subdued levels. The VIX at 17.38 reflects modest investor hedging activity in equity markets, though the week-over-week decline suggests some reduction in near-term concern. Meanwhile, the MOVE index's sharp 12.9% drop to 13.85 signals that Treasury market participants are pricing in minimal interest rate uncertainty, a level that historically has preceded both extended periods of stability and occasional sharp reversals when unexpected catalysts emerge.

VIX

17.38

-2.5% WoW

➡️

Normal

MOVE

13.85

-12.9% WoW

➡️

Low

📊 MARKET REGIME

Market breadth shows a moderate advance with 55% of SPY components moving higher, while a notable divergence appears as the tech-heavy QQQ registers 63% participation and transports surge ahead at 74%. Semiconductors and Real Estate are commanding the leadership board at 100% and 90% respectively, demonstrating concentrated strength in rate-sensitive and technology sectors, while traditional defensive areas like Healthcare and Utilities lag significantly at 31% and 36%. The performance split reveals a risk-on tilt favoring growth and cyclical sectors, though the divergence between sector leadership strength and broader index participation suggests uneven market internals.

Sector Strength

🔌 Semiconductors

100.0%

+6.6%

🏠 Real Estate

90.3%

+0.0%

💻 Technology

72.6%

+6.4%

🏦 Financials

65.8%

-1.1%

⛽ Energy

63.6%

-6.2%

🧱 Materials

53.8%

-0.1%

📡 Communication

52.2%

+0.7%

🏭 Industrials

51.9%

-0.3%

🛒 Consumer Staples

47.2%

-0.4%

🛍️ Consumer Discretionary

39.6%

+1.3%

⚡ Utilities

35.5%

-3.7%

🏥 Healthcare

31.0%

-0.9%

📈 INDEX BREADTH

SPY

55.0%

NEUTRAL

QQQ

63.4%

BULLISH

DIA

53.3%

NEUTRAL

IYT

74.4%

BULLISH

💧 FED LIQUIDITY

Net Liquidity: $6.70 Trillion

↓ $7.5B WoW

Fed net liquidity stood at $6.70 trillion as of April 29, down $7.5 billion from the prior week, indicating a slight tightening in financial system liquidity that historically correlates with pressure on risk asset prices. The next H.4.1 Federal Reserve balance sheet update releases Thursday, May 7, which will show whether this contraction trend continues or reverses.

📅 ECONOMIC CALENDAR Surprise Index: +1.1

Yesterday's labor market data showed initial jobless claims rising to 200K from 190K but still beating the 205K estimate, maintaining the tight employment conditions that have persisted throughout 2024, while the bigger surprise came from unit labor costs rising just 2.3% versus the 2.6% estimate—a sharp deceleration from the prior 4.6% reading that marks the slowest wage pressure growth since Q2 2021 and could give the Fed more confidence that inflation pressures are easing even as productivity growth of 0.8% badly missed expectations at 1.4%. Today's employment report dominates the calendar with nonfarm payrolls expected to decelerate sharply to just 62K from 178K, which if accurate would represent the weakest job creation since the pandemic recovery period and will be scrutinized alongside average hourly earnings data expected to accelerate to 3.8% YoY from 3.5%—a potential contradiction that would suggest wage inflation is reaccelerating even as hiring slows, complicating the Fed's policy calculus ahead of five separate Fed speaker appearances scheduled throughout the day.

Yesterday — Thursday, May 07

7 events · 1 beat · 2 misses

12:30 Initial Jobless Claims (May/02) 200.0K vs 205.0K est

12:30 Nonfarm Productivity QoQ (Q1) 0.8% vs 1.4% est

12:30 Unit Labour Costs QoQ (Q1) 2.3% vs 2.6% est

16:10 Atlanta Fed GDPNow (Q2) 3.7% vs 3.7% est

Today — Friday, May 08

18 events · 18 upcoming

09:45 Fed Cook Speech Pending

12:30 Participation Rate (Apr) est 61.7% / prev 61.9%

12:30 Non Farm Payrolls (Apr) est 62.0K / prev 178.0K

12:30 Average Hourly Earnings YoY (Apr) est 3.8% / prev 3.5%

12:30 Average Hourly Earnings MoM (Apr) est 0.3% / prev 0.2%

12:30 Unemployment Rate (Apr) est 4.3% / prev 4.3%

14:00 Michigan Consumer Sentiment (May) est 49.5 / prev 49.8

14:00 Michigan 1 Year Inflation Expectations (May) prev 4.7%

15:05 Fed Goolsbee Speech Pending

15:30 Atlanta Fed GDPNow (Q2) prev 3.7

19:30 CFTC Gold Speculative net positions prev 159.6K

19:30 CFTC S&P 500 speculative net positions prev -101.4K

19:30 CFTC Nasdaq 100 speculative net positions prev -2.3K

19:30 CFTC Crude Oil speculative net positions prev 191.9K

23:30 Fed Daly Speech Pending

23:30 Fed Waller Speech Pending

23:30 Fed Goolsbee Speech Pending

23:30 Fed Bowman Speech Pending

Tomorrow — Monday, May 11

3 events · 1 high impact

14:00 Existing Home Sales (Apr) est 4.05M / prev 3.98M

14:00 Existing Home Sales MoM (Apr) est 2.1% / prev -3.6%

14:00 Existing Home Sales MoM prev 1.7

🏦 INSTITUTIONAL FLOW

# Institutional Flow Summary ETF positioning data reveals a concentrated technology rotation, with semiconductor and mega-cap tech names AVGO, META, and MU attracting the most inflows despite simultaneous distribution from other funds—AVGO and META appeared on both the top buyers and sellers lists. The nearly balanced 10-to-10 add/remove ratio suggests institutional capital is churning within tech rather than rotating out, while healthcare name LLY experienced notable trimming among the top outflows.

Top Buying

AVGO Broadcom Inc. ⭐

▲ + Buying Rising Stock 5D +4.9% 3M +38.1% 1Y +112.8%

4999 ETFs • 0 shares

META Meta Platforms, Inc. ⭐

+ Buying Falling Stock 5D -8.4% 3M -8.4% 1Y +2.5%

4386 ETFs • 0 shares

MU Micron Technology, Inc. ⭐

▲ + Buying Rising Stock 5D +28.6% 3M +75.8% 1Y +730.4%

4332 ETFs • 0 shares

INTC Intel Corporation ⭐

▲ + Buying Rising Stock 5D +19.3% 3M +132.5% 1Y +457.5%

4077 ETFs • 0 shares

CSCO Cisco Systems, Inc. ⭐

▲ + Buying Rising Stock 5D +2.3% 3M +12.9% 1Y +56.3%

3971 ETFs • 0 shares

Top Selling

AVGO Broadcom Inc. ⭐

▲ - Selling Rising Stock 5D +4.9% 3M +38.1% 1Y +112.8%

2792 ETFs • 0 shares

META Meta Platforms, Inc. ⭐

- Selling Falling Stock 5D -8.4% 3M -8.4% 1Y +2.5%

2611 ETFs • 0 shares

LLY Eli Lilly and Company ⭐

▲ - Selling Rising Stock 5D +16.0% 3M -10.7% 1Y +20.9%

2381 ETFs • 0 shares

GILD Gilead Sciences, Inc. ⭐

- Selling Falling Stock 5D +5.8% 3M -6.8% 1Y +35.3%

2096 ETFs • 0 shares

UNH UnitedHealth Group Incorporated ⭐

▲ - Selling Rising Stock 5D -1.0% 3M +33.0% 1Y -7.5%

1994 ETFs • 0 shares

🏛️ CONGRESSIONAL TRADES

Rep. April Delaney recently purchased positions in STERIS (STE), Markel Group (MKL), and Packaging Corporation of America (PKG), while simultaneously selling holdings in Clean Harbors (CLH), Service Corporation International (SCI), and Morningstar (MORN). The Representative's transactions show a rotation from environmental services and death care sectors into healthcare sterilization, specialty insurance, and packaging materials.

Top Buying