Zacks Investment Ideas feature highlights: FedEx, Casey's General Stores and Centene

For Immediate ReleaseChicago, IL – January 13, 2025 – Today, Zacks Investment Ideas feature highlights FedEx FDX, Casey’s General Stores CASY and Centene CNC.Insiders Are Buying These 3 Large-Cap StocksInvestors closely monitor insider buys, as they can give hints surrounding the long-term picture.An insider is an officer, director, 10% stockholder, or anyone who possesses internal information because of their relationship with the company. It’s critical to note that insiders have a longer holding period than most, and many strict rules apply to their transactions.Several large-cap companies – FedEx, Casey’s General Stores and Centene – have seen recent insider activity. Let’s take a closer look at the transactions for those interested in trading like the insiders.FedExFDX shares have been somewhat disappointing over the last year, gaining roughly 12% and underperforming relative to the S&P 500. Quarterly results have regularly brought big post-earnings moves, though that’s unsurprising given its economically-sensitive nature.Just a few days back, FDX’s CFO swooped in for a purchase, acquiring 1k shares at an overall transaction cost of just under $275K. It was a pretty sizable purchase for the insider, increasing its total shares owned by more than 10%.Casey’s General StoresCASY shares have been strong over the past year, gaining nearly 40% and outperforming relative to the S&P 500. Though off its high, the strong performance here is certainly notable given its retail-heavy footprint.A director recently purchased 500 shares at a total cost of just under $200k, increasing the total stake by more than 20%.CenteneCNC shares have fared the worst out of the bunch over the last year, losing nearly 20% and widely underperforming relative to the S&P 500. Several insiders swooped in for purchases just before the Christmas holiday, with the combined transaction totaling roughly $1.6 million.Though the recent insider purchases may ring positivity, the near-term outlook for CNC shares here remains bearish, with analysts downwardly revising their expectations.Bottom LineMany investors closely monitor insider buys, looking to receive insights into the longer-term picture. The transactions shouldn’t be relied on for near-term performance, as insiders’ holding periods are longer than most, and many strict rules apply.Rather, investors can see insider buys as an overall net positive concerning the longer-term outlook.All large-cap stocks above have seen recent insider activity.Why Haven't You Looked at Zacks' Top Stocks?Since 2000, our top stock-picking strategies have blown away the S&P's +7.0 average gain per year. Amazingly, they soared with average gains of +44.9%, +48.4% and +55.2% per year.Today you can access their live picks without cost or obligation.See Stocks Free >>Media ContactZacks Investment Research800-767-3771 ext. 9339support@zacks.comhttps://www.zacks.comPast performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.7 Best Stocks for the Next 30 DaysJust released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.1% per year. So be sure to give these hand picked 7 your immediate attention. See them now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report FedEx Corporation (FDX): Free Stock Analysis Report Casey's General Stores, Inc. (CASY): Free Stock Analysis Report Centene Corporation (CNC): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks