The Vickers Top Buyers & Sellers is a daily report that identifies the five companies the largest insider purchase transactions based on the dollar value of the transactions as well as the five companies the largest insider sales transactions based on the dollar value of the transactions.

Nimble, smart, and staying ahead. Argus has identified six companies that we believe should be added to our Innovation theme model portfolio. These are companies we know well (which we like) and that continue to perform well and demonstrate financial stability and success. Over and over again, they nurture their innovative mindset, responding to market needs and trends, remaining nimble, and adapting to stay ahead. Our team of analysts regularly review and analyze growth trends, business models, and management strategies, and we have 30 stocks in this portfolio. We break the theme into four categories of innovation: First to Market; New Product Specialists; Product and Process Perfectors; and Industry Disruptors. We enjoy throwing ourselves into this theme as we continue to learn about new technologies and discoveries. Below are the six companies recently added to our portfolio. All are rated BUY at Argus. To see the complete list of companies in the portfolio, please see the Theme Portfolios section of the Argus website. Note that these model strategies can be licensed for direct money management.

Netflix’s relatively simple business model involves only one business, its streaming service. It has the biggest television entertainment subscriber base in both the United States and the collective international market, with more than 300 million subscribers globally. Netflix has exposure to nearly the entire global population outside of China. The firm has traditionally avoided a regular slate of live programming or sports content, instead focusing on on-demand access to episodic television, movies, and documentaries. The firm introduced ad-supported subscription plans in 2022, giving the firm exposure to the advertising market in addition to the subscription fees that have historically accounted for nearly all its revenue.

Why are stocks moving back and forth at the speed of light but not really making any net progress? The answer is simple: the major indices are in a vacuum. Indeed, the S&P 500 (SPX) has oscillated violently between 4,835 and 5,500 since April 3. And, of course, prices are being pushed around by whatever the headlines of the day happen to be. Because the SPX basically crashed from 5,500 to 4,835 in only a couple of days, there is no chart support or chart resistance in this region. So price can move easily in the area with little or no technical restrictions to control the enormous volatility. Generally, this is a sign that the market is trying to trace out at least an intermediate-term "Hoover-style" bottom. On Friday, the SPX was able to push through the top of its April range after being rejected five times since April 9. We do not consider this move over 5,550 to be an official breakout; it was only by 25 points and we need to see some follow-through this week. If we get additional buying, it could open the door for a run to the 5,640 zone, which is a key 61.8% retracement of the correction. That is also the location of the falling 50-day average. The next important chart resistance is up at 5,770-5,780 from the high in late March and the low in mid-January. We did see some very encouraging breadth stats last week, which would suggest the correction is possibly over and the indices are heading to all-time highs. We had a rare Zweig Breadth Thrust, which, since 1950, has occurred 16 times. The SPX was higher six months and 12 months later on each occasion, with average returns of 16% (six months) and 24% (12 months). (Mark Arbeter, CMT)