Top 10 Stocks With Big Insider Buying, Buybacks

Next on the list is Dell(DELL Quote). The computer giant recently announced a plan to repurchase $10 billion in common stock. The company noted that there was no set period for the buyback but that it has $15 billion in cash as well as strong quarterly cash flows to put toward the plan.

CEO Michael Dell added, "Dell is committed to a long-term share repurchase program as part of an overall capital allocation plan that supports growth and also returns value to shareholders."

In late November, Dell announced a 27% jump in third-quarter earnings sparked by growth in overseas markets like Brazil, solid demand for notebooks and falling prices for memory chips and other components. However, this fell just below analyst expectations, and the stock was subsequently hammered. Still, Dell outlined a long-term strategy to reignite growth, focusing on five key markets and products. "There's a lot of upside for us in the places that are growing the fastest," he said.

While Goldman took Dell off its conviction list (it just added the company a month ago), it did note, "although our thesis on Dell as a turnaround is intact, the timeline is not and the uncertainty is higher."

Michelle Warren, a senior research analyst with Info-Tech Research Group, added, "they've got this plan in place and it's a plan that will take them to a successful ending," Warren said. "It might be a new Dell to those who are outside looking in, but I think it still has the same pedigree that made them into the largest PC company a couple of years ago."