This is the video recording of the June 7, 2023, Hot Corner Insider Weekly Strategy Session.

The largest insider buy on today's list comes in a Form 4 filing by Diversified Healthcare Trust $DHC director Adam Portnoy.

Portnoy reported a purchase of $9.8 million in the small-cap health care REIT.

From the Desk of Kimmy Sokoloff

The indices are kind of flat this morning.

Yesterday there was a lot of movement in names, names that haven't moved in quite some time.

From the Desk of Kimmy Sokoloff

$IWM led the pack today, up almost 3%.

Banks started to rally as well.

Time will tell if this continues.

The largest insider buy on today's list comes in a Form 4 filing by Artal Group SA.

The firm reported a purchase of 27,775,050 shares, equivalent to $72.2 million in Lexicon Pharmaceuticals, Inc. $LXRX.

From the Desk of Kimmy Sokoloff

We just about hit the 4,300 mark on the S&P 500.

A healthy pull-in here would be optimal. 

This is the video recording of our June 5th Monthly Charts Live Strategy Session

From the Desk of Steve Strazza @Sstrazza

Welcome to The Minor Leaguers.

We've had some great trades come out of this small-cap-focused column since we launched it back in 2020 and started rotating it with our flagship bottom-up scan, Under the Hood.

For the first year or so, we focused only on Russell 2000 stocks with a market cap between $1 and $2B.

That was fun, but we wanted to branch out a bit and allow some new stocks to find their way onto our list.

We expanded our universe to include some mid-caps.

To make the cut for our Minor Leaguers list, a company must have a market cap between $1 and $4B.

And it doesn't have to be a Russell component — it can be any US-listed equity. With participation expanding around the globe, we want all those ADRs in our universe.

The same price and liquidity filters are applied. Then, as always, we sort by proximity to new highs in...

From the Desk of Steve Strazza @sstrazza and Alfonso Depablos @Alfcharts

This is one of our favorite bottom-up scans: Follow the Flow.

In this note, we simply create a universe of stocks that experienced the most unusual options activity — either bullish or bearish, but not both.

We utilize options experts, both internally and through our partnership with The TradeXchange. Then, we dig through the level 2 details and do all the work upfront for our clients.

Our goal is to isolate only those options market splashes that represent levered and high-conviction, directional bets.

We also weed out hedging activity and ensure there are no offsetting trades that either neutralize or cap the risk on these unusual options trades.

What remains is a list of stocks that large financial institutions are putting big money behind.

And they’re doing so for one reason only: because they think...

From the Desk of Kimmy Sokoloff

That was a very slow day, with a healthy contraction in the afternoon.

$SPY is sitting outside the Bollinger band.

I'd think we can see 423 sooner versus later.

The largest insider buy on today's list comes in a Form 4 filing by Ben Tisch, senior vice president of corporate development and strategy at Loews Corporation $L.

Tisch reported a purchase of 330,000 shares, equivalent to $18,781,400.

From the Desk of Kimmy Sokoloff

The S&P 500 almost touched the 4,300 mark, and we're becoming a tad bit extended.

A lot of names that have been dead wood finally started to come to life on Friday.

We'll see if that continues.