Is Elon's empire crumbling? (From Brownstone Research)
Insiders Spent Millions on These 3 Stocks Over the Past 2 Months 
Since early May, insider buying activity has surged at three major companies. Together, top executives and influential insiders have invested more than $170 million of their own money, sending a strong signal of confidence in the future of these stocks. Here’s a closer look at the three companies attracting serious insider attention. Board Chairman Signs +$55 Million Check for BLDR Shares Since the first week of May, multiple directors have made purchases of shares in Builders FirstSource (NYSE: BLDR), according to MarketBeat data. The most substantial purchases come from Paul S. Levy, who bought approximately $55.4 million worth of shares on May 8. Notably, Levy holds what many consider the most important role in a firm’s corporate governance structure. Levy is the Chairman of Builders FirstSource’s Board of Directors (BOD). He leads the BOD, which oversees the company and evaluates the performance of managers like the Chief Executive Officer (CEO). Thus, this isn’t just any insider purchasing big into the company, but rather one that checks the power of its most important executives. Since Levy’s purchase, shares of BLDR are up around 20%. A general recovery in the market has driven much of this. But, that return still exceeds the S&P 500’s 11% gain over the period. Levy’s high-ranking position and this performance suggest it may be worth paying attention to when he buys in again. Former CEO Who Led UNH’s Outperformance Spends $25 Million Upon Return Another name that has been the fancy of directors over the past months is UnitedHealth Group (NYSE: UNH). Again, the biggest purchase comes from someone who is one of the most influential people at UNH. That is Stephen J Hemsley, who bought approximately $25 million worth of shares on May 16. Hemsley is now indisputably the most powerful person at UNH, acting as both the CEO and the chairman of the Board of Directors. This means that Hemsley not only runs UNH's day-to-day operations but also leads the group that evaluates his own performance. Adding to the intrigue is the fact that Hemsley’s $25 million purchase comes just three days after the company appointed him as the new CEO. This is a clear sign that Hemsley is betting on himself. He believes that the healthcare giant will thrive under his leadership and that shares will appreciate. He certainly has a proven track record. Hemsley was the UNH CEO from December 1, 2006, to September 1, 2017. Under his leadership, shares of UNH provided a total return of 360%. This far outpaced the 121% return of the S&P 500 Index and the 195% return of the Health Care Select Sector SPDR Fund (NYSEARCA: XLV). Note that Patrick Hugh Conway, who sold 589 shares on June 10, is the CEO of UNH’s subsidiary, Optum. My top income trading expert, Dave Aquino, just released a 1-hour trading strategy designed specifically to help regular investors generate enough income to become financially independent…
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