The Vickers Top Buyers & Sellers is a daily report that identifies the five companies the largest insider purchase transactions based on the dollar value of the transactions as well as the five companies the largest insider sales transactions based on the dollar value of the transactions.

This pick list highlights constituents of the Morningstar US Large Cap Index that we believe offer investors the best risk-adjusted return prospects. Stocks of large-cap companies where neither growth nor value characteristics predominate. Stocks in the top 70% of the capitalization of the U.S. equity market are defined as large cap.

This morning's release from the Bureau of Economic Analysis (BEA) will be the third, and final, update of 2Q GDP. The update last month indicated 2Q real GDP rose at an annualized 3.0% pace, up from a shaky 1.4% growth rate in 1Q24. The all-important consumer economy rebounded to drive 2Q GDP. Consumer spending, designated as Personal Consumption Expenditures (PCE) in the GDP report, contributed 1.95 percentage points of the 3.0% growth in 2Q. Private domestic investment added 1.31 points, growing 7.5%, led by a 10.8% surge in equipment, which shows no hint of recession. We don't expect a major revision to GDP this morning. Between 1996 and 2022, the average absolute revision to the quarterly percentage change in real GDP was just 30 basis points, according to the BEA. PCE grew 2.9%, boosted by the huge services component, which was up a solid 2.9% on top of 3.3% growth in 1Q24. Consumer spending on goods rose 3.0%. Within goods, nondurables were up 2.0% and durables were up an impressive 4.9%. Residential fixed investment fell 2.0% after rising 16.0% in 1Q as mortgage rates moved above 7% in May. On October 30, the BEA will release its advance estimate for 3Q GDP. We expect 3Q24 growth of 1.6%. The September 18 GDPNow forecast for 3Q24 from the Atlanta Fed is 2.9%, with an estimate for 3.7% growth in PCE. Intellectual property and equipment could again make strong contributions to quarterly growth according to the Nowcast. Residential fixed investment is likely to be a bigger drag on 3Q GDP than it was in 2Q. We expect GDP growth of 1.7% in 4Q24. Our full year 2024 estimate is 1.9%. Our 2025 estimate is 2.0%. Federal Reserve board members and bank presidents expect GDP to grow 2.0% in 2024, 2.0% in 2025, 2.0% in 2026, 2.0% in 2027, and 1.8% in the "longer run."

This pick list highlights constituents of the Morningstar US Large Cap Index that we believe offer investors the best risk-adjusted return prospects. Stocks of large-cap companies where neither growth nor value characteristics predominate. Stocks in the top 70% of the capitalization of the U.S. equity market are defined as large cap.