Energy is very undervalued. The market is not sure how to interpret what is going on in the world, and it runs scared of its own shadow.

We could be on the verge of another major oil M&A boom like the historic one that brought Exxon and Mobil together. Mergers and acquisitions have the potential to shake up a market and send some stocks soaring, but the best industry plays aren’t all that obvious.

Welcome to edition 223 of Insider Weekends. Insider buying decreased last week with insiders buying $30.92 million of stock compared to $49.49 million in the week prior. Selling increased with insiders selling $587.59 million of stock last week compared to $469.15 million in the week prior.

Utilities are top scoring this week, followed by financials and basic materials. Healthcare, technology, and consumer goods score in line with the average universe score. Focus on large and mid cap in healthcare.

Top scoring weekly returns: Buy and Hold 1 Year

Since 2010, the top scoring stocks in our weekly large cap report have returned an average 374 bps of excess to the SPX in the following year.