This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

5 Stocks Insiders Love Right Now

St. Jude Medical

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Another stock that insiders are jumping into here is St. Jude Medical (STJ - Get Report), which develops, manufactures and distributes cardiovascular medical devices for the management of chronic pain. Insiders are buying this stock into some modest strength, since shares are up 11% so far in 2012.

St. Jude Medical has a market cap of $12 billion and an enterprise value of $13.5 billion. This stock trades at a reasonable valuation, with a trailing price-to-earnings of 16.06 and a forward price-to-earnings of 10.62. Its estimated growth rate for this year is 4.6%, and for next year it's pegged at 5%. This is not a cash-rich company, since the total cash position on its balance sheet is $1.05 billion and its total debt is $2.52 billion.

>>10 Stock Picks of the Highest-Rated Money Managers

A director just bought 25,000 shares, or about $966,000 worth of stock, at $38.65 per share.

From a technical perspective, STJ is currently trending below both its 50-day and 200-day moving averages, which is bearish. This stock has been downtrending badly for the last month, with shares moving lower from $43.76 to $37.78 a share. During that downtrend, shares of STJ have gapped down once, and mostly made lower highs and lower lows, which is bearish technical price action. That said, the stock has started to find some buying interest at around $38 a share, as shares have moved into oversold territory. The current relative strength index (RSI) for STJ is 32.04, which indicates an oversold condition.

If you're in the bull camp on STJ, then I would look for long-biased as long as it's trending above some near-term support at $37.78 a share with strong upside volume flows. I would consider any upside volume day that registers near or above its three-month average action of 2.7 million shares as bullish. If STJ can maintain that trend, then look to add to any long positions once STJ takes out $40.43 to $41 a share with high volume.
3 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
ENTG $11.52 0.00%
FTI $23.16 0.00%
KMI $14.60 0.00%
LXRX $8.20 0.00%
STJ $50.72 0.00%


Chart of I:DJI
DOW 15,914.74 -99.64 -0.62%
S&P 500 1,851.86 -0.35 -0.02%
NASDAQ 4,283.5920 +14.8290 0.35%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs