Peak insider buying suggests solid support for materials stocks

Basic Materials from Jun 14, 2019

Insiders signal a key bottom in the group was established in May

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This report was originally published for INK Research subscribers on Jun 14th 2019.

In a bullish development for Canadian Basic Materials stocks, our sector indicator peaked late last month. Generally, indicator peaks which reflect peak insider buying often take place around share price lows.

Gold and more recently lumber have been moving up, helping to validate insider optimism in the current environment. While many commodities in the group including copper have yet to reverse course, insiders seem to be betting that it is only a matter of time. To see which Basic Materials stocks insiders are buying, registered users can download a PDF version of the INK Canadian Basic Materials sector report today for free.

More generally, strong insider buying in Basic Materials suggests that now is a good time for investors who are underweight Canadian stocks in their equity portfolios to considering increasing exposure.

Are you looking for an investing edge via sector screening? If so, take a moment to consider our INK Research premium services.

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