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.

Nordstrom Inc. operates a chain of over 90 upscale specialty department stores and about 270 Nordstrom Rack stores. The company also operates Nordstrom.com, an e-commerce website. Its target customer is 25-54 years old and has a household income of more than $100,000. The company's total square footage is over 26 million, with about 24% of this space in California. Its top 20 markets account for about 75% of revenue. The company has approximately 54,000 full-time employees.

The major indices are mixed with the Nasdaq down nearly 1%. Most of the Magnificent 7 are lower. Trading this week will be laser-focused on Wednesday afternoon. That's when we get our answer from the Federal Reserve on whether they will cut interest rates by 25 or 50 bps. Odds are 50-50 for each size cut. We forecast 25. We believe the Fed will not do a larger cut as that might imply unclear signals on the state of the economy.

Nordstrom is a fashion retailer that operates about 93 department stores and more than 260 off-price Nordstrom Rack stores. The company also operates both full- and off-price e-commerce sites, two clearance stores, and seven Local locations. Nordstrom’s largest merchandise categories are women’s apparel (27% of 2023 sales), shoes (26% of 2023 sales), men’s apparel (15% of 2023 sales), and beauty (13% of 2023 sales). Nordstrom, which traces its history to a shoe store opened in Seattle in 1901, continues to be partially owned and managed by members of the eponymous family.