Stock of the Week
Assured Guaranty (AGO US, +1) – We ranked this stock +N on March 5th based on Andrew Feldstein’s (Chief Investment Officer, 2019) purchases of $1.5 million at $41. The stock has moved lower, but he has continued to buy shares, adding another $7 million worth of stock at an average price of $26.90. In addition, Francisco Borges (Chairman) purchased $260,000 worth of stock at $25.96 and Thomas Jones (Director) has spent $140,000 at $27.60. We are upgrading the stock from +N to +1.
Oneok Inc – (OKE, +1) – Brian Derksen (Director since 2015) purchased $200,000 worth of stock on March 25th at $22.70, twice what he has spent on any of his prior purchases. This is Derksen’s fourth purchase, and his prior three were timely. We ranked this stock +N on March 20th based on a cluster of purchases from five insiders, including the CEO, CB and CFO. We are upgrading the stock further with this additional purchase from Derksen.