Based in Pontiac, Michigan, UWM Holdings Corp. is a wholesale mortgage originator that focuses on broker services rather than direct-to-consumer loans. It generates revenue from three segments: Loan Production, Loan Servicing, and Interest Income. UWMC is the leading wholesale mortgage lender in the U.S., with an approximate 44% share of the wholesale market and acts as a conduit for mortgage brokers in all 50 states. The company has approximately 8,000 employees.

Stock indices are a mixed bag heading into lunchtime on Monday. Investors came out of the long holiday weekend with a host of issues to consider. On again/off again good news/bad news out of Iran is for certain atop the list, and is responsible for whipsawing sentiment. Meanwhile, those focused on interest rates and inflation are not finding many reasons for irrational exuberance, and those with a sense of history may well be off their game on the news that Alan Greenspan, who presided over the Federal Reserve for 19 years under four presidents, has died at the age of 100. Argus' Director of Research Jim Kelleher, CFA, recalls how media and economy watchers would analyze Mr. Greenspan's briefcase heading into Fed meetings: a fat briefcase meant lots of charts and papers to support a rate change, while a slim briefcase meant no change in policy. Simple.

Based in Pontiac, Michigan, UWM Holdings Corp. is a wholesale mortgage originator that focuses on broker services rather than direct-to-consumer loans. It generates revenue from three segments: Loan Production, Loan Servicing, and Interest Income. UWMC is the leading wholesale mortgage lender in the U.S., with an approximate 44% share of the wholesale market and acts as a conduit for mortgage brokers in all 50 states. The company has approximately 8,000 employees.

Last week, we reported that the insider-sentiment data from Vickers Stock Research suggested that insiders were starting to poke around what was looking like a bargain basement for stocks. But now, after a fifth consecutive week of lower share prices and a growing sense that the end date for the war in Iran is a big unknown, the sentiment improvement has stalled. All of the major one-week sell/buy ratios from Vickers have pulled back (worsened) week over week -- and in so doing have solidified a solidly neutral stance. Drilling down to sectors and taking a longer-term view, Vickers' eight-week sell/buy ratios have locked down, showing no improvement this week. Taking this sector by sector, Consumer Staples, Financial, Healthcare, and Real Estate can claim a bullish eight-week sell/buy ratio for a second consecutive week. The neutral sectors are also unchanged week over week, and include Consumer Discretionary, Information Technology, Industrials, Materials, and Utilities. Also unchanged are the bearish ratios for Communication Services and Energy. Insiders, and most other investors, seem to be simply waiting for any sign of clarity on when hostilities may end and what the ultimate impact of the war will be on global markets. This week, analysts at Vickers highlighted insider transactions of interest at ConocoPhillips (NYSE: COP) and Palo Alto Networks Inc. (NGS: PANW).