This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

5 Stocks Insiders Love Right Now

Stocks in this article: LINECABTSLATSRABXMT

Cabela's

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

Get Adobe Flash player

Another name that insiders are jumping into here is Cabela's ( CAB), a specialty retailer and a direct marketer of hunting, fishing, camping and related outdoor merchandise. Insiders are buying this stock into big time strength, since shares are up a whopping 62% so far in 2013.

Cabela's has a market cap of $4.7 billion and an enterprise value of $7.1 billion. This stock trades at a reasonable valuation, with a trailing price-to-earnings of 24.78 and a forward price-to-earnings of 17.36. Its estimated growth rate for this year is 26.1%, and for next year it's pegged at 13.1%. This is not a cash-rich company, since the total cash position on its balance sheet is $82.04 million and its total debt is $2.48 billion.

>>5 Toxic Stocks to Unload in June

A director just bought 5,000 shares, or about $334,000 worth of stock, at $67.50 per share. That same director also just bought 5,000 shares, or about $332,000 worth of stock, at $66.50 per share.

From a technical perspective, CAB is currently trending above both its 50-day and 200-day moving averages, which is bullish. This stock has been trending sideways inside of a consolidation pattern for the last few weeks, with shares moving between $65.49 on the downside and close to $70 a share on the upside. A high-volume move above the upper end of its recent range could trigger a major breakout trade for shares of CAB.

If you're in the bull camp on CAB, then look for long-biased as long as this stock is trending above some key near-term support levels at $65.49 or above its 50-day at $63.79, and then once it breaks out above some near-term overhead resistance levels at $69.21 to $70 a share with high volume. Look for a sustained move or close above those levels with volume that registers near or above its three-month average action of 690,680 shares. If that breakout triggers soon, then CAB will set up to re-test or possibly take out its next major overhead resistance level at its 52-week high of $72.54 a share. Any high-volume move above its 52-week high could easily send shares of CAB north of $80 a share.

3 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link 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

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, 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
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,815.75 +96.75 0.55%
S&P 500 2,062.31 +9.56 0.47%
NASDAQ 4,714.4250 +12.5580 0.27%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs