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You all know that I love investment maxims - you know, lessons about the markets. And you also know that there's one aphorism that I love above all the others: On a beaten-down stock, the single-best "Buy" signal you'll find is insider buying.
We just told you about a big slug of insider buying with Private Briefing favorite General Electric Co. (NYSE: GE). We zeroed in on GE's hefty upside potential last year. And the fact that directors just spent more than $2.25 million to snap up 83,500 shares (after CEO Jeffrey Immelt bought $1 million of the stock himself last year) tells us that we're right.
There's another Private Briefing recommendation that's benefitting from a big bit of insider buying. I'm talking about Chevron Corp. (NYSE: CVX).
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