Report by Smart Insider

Last month saw 446 insider purchases (individuals) from 346 companies, spending a total of €2.2bn. Smart Insider upgraded 15+ stocks, meaning they currently have 70+ ranked stocks and just 2- ranked stocks. Upgrades were spread out among 10 countries with Germany leading. From a sector and industry perspective, sentiment was bullish in Basic Materials and Energy (Sell/Buy Ratio 0.28) and slightly bearish in Technology (S/B Ratio 1.05). The Consumer Sectors (Discretionary & Staples) led upgrades with a combined 8+. Positive ranked stocks based on Jan insider purchases include Syensqo, Colruyt, Technip Energies, Hugo Boss, Pirelli and Ebro Foods.