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After trading as a public company for 25 years, Dell Inc. went private in October 2013; acquired EMC Corp. in fall 2016; and resumed trading as a public company under the DELL ticker in December 2018. Dell operates two businesses: Infrastructure Solutions Group (ISG), which provides enterprise server, storage, and network solutions; and Client Solutions Group (CSG), which provides PCs and peripherals. In November 2021, Dell spun off VMware.

MongoDB provides an advanced scalable general purpose database or data management software platform. The MongoDB database is used by enterprises to develop applications that are at the heart of modern enterprise technology. MongoDB uses hybrid open-source and proprietary technology as the basis for its 'freemium' software business model. MongoDB was founded in November 2007 and made its initial public offering at $24 per share on October 19, 2017. About 46% of the company's revenue is generated outside the U.S. Original investors and insiders hold more than 95% of voting control through their supervoting (10 votes per share) Class B shares.

The calendar turned to September, historically the worst month of the year, and all of a sudden things go to heck and in a handbasket. Yet again, the largest drag on the stock market was the heavily weighted Information Technology (XLK -4.6%) sector. The group was once again dragged down by once-beloved semiconductor stocks, as the major semi indices getting pulverized by 7% to 8%. Since July 17, the iShares Semiconductor ETF (SOXX) and the VanEck Vectors Semi ETF (SMH) have dropped at least 6% on three different days. All three of those days featured very heavy volume, a clear sign of institutional distribution. We started to see distribution on the semis and the Nasdaq 100 (QQQ) back in the middle/latter part of July. Most of the major semi stocks have lost their 50-day average for the second time since late July, while a handful are breaking below their more-important 200-day averages and are closing in on their initial lows from early August. The QQQ cratered 3.2%, broke down out of a developing bull flag, and closed near a 38.2% retracement of the rally since the August 5 intraday low. We did see a minor 5/13 exponential moving average crossover sell signal, reversing the buy signal from August 15. A 50% retracement of the rally comes in at 454 and a 61.8% give-back lies at 447. The S&P 500 lost 2.1% as the index bounced off its 50-day average late in the day. A 38.2% retrace of its rally is at 5,448 while a 50% give-back targets 5,386. There was a 38% spike in the volatility index (VIX) and it is now just above 20. We have a feeling the month will bring more of the same.

The Vickers Top Insider Picks is a daily report that utilizes a proprietary algorithm to identify 25 companies with compelling insider purchase histories based on transactions over the past three months.