Stocks With Insider Buying, Buybacks: CVS

Updated from 7:03 a.m. EDT

At Stockpickr.com, we strive to keep track of insider purchasing and buybacks each week. Here's the perfect setup in my mind: Insiders are buying the stock, the company is buying back its own shares, and a super-investor such as Warren Buffett is also buying shares. If I can get three out of three, I'm in heaven. If I can get two out of three, or even one out of three, I'm still pretty happy about the situation, particularly if the stock is cheap in other ways as well.

Each Thursday we update the Stockpickr Top 10 Insider Purchases and Buybacks portfolio, featuring stocks that recently have seen big insider purchases or new buyback programs as well as super investors accumulating shares.

CVS Caremark is in this week's portfolio. The drugstore chain said that it authorized the buyback of up to $2 billion in common stock during 2008 and 2009. The company added that the repurchases will be made on a time-to-time basis depending on market conditions. ...