The Market INK Report kicked off April noting that many investors had expected 2024 to be a year dominated by AI. However, geopolitics and commodity scarcity have emerged as key forces shaping returns year-to-date. That has turned out to be good news for insiders who have been buying copper, gold, and energy names for some time.
Canadian stocks preferred by insiders have enjoyed double-digit returns so far in 2024
It pays to let the insiders guide you. Year-to-date, the INK Canadian Insider Index which tracks 50 TSX-listed stocks preferred by insiders has advanced 12.22% as of April 23rd, thanks to its 49% weighting to the Energy and Basic Materials sectors. You can read more about insider sentiment trends and stocks with insider activity in our early April Market INK Report.
