Congress Members investing in Crypto

Hello,

below a summary of relevant events happened in the stock market in the last week

📈 1/ Stocks and sectors bought by US politicians last week

This week, the trading activity at Capitol Hill was limited, with 65 transactions taking place

Oil & Gas & Specialty Retail were the most invested sectors

If you want to receive daily updates on politicians trades, click here

🏦 2/ US Politicians potential insider trading:Rockwell Automation Investment Boosts Rep. Kevin Hern's Portfolio

In a notable trade, Rep. Kevin Hern has strategically enhanced his investment portfolio with a timely purchase of Rockwell Automation Inc. (ROK) shares. Rockwell Automation, a leading American provider of industrial automation and digital transformation technologies, boasts a portfolio of brands including Allen-Bradley, FactoryTalk software, and LifecycleIQ Services.

Headquartered in Milwaukee, Wisconsin, Rockwell Automation employs approximately 26,000 people and serves customers in over 100 countries. The Fortune 500 company reported global sales of $7.8 billion for the fiscal year 2022 and has a market capitalization of $32.82 billion.

On June 10, 2024, Rep. Hern bought shares at a price of $255.23. Since then, the stock has risen by 12.78%, with the latest price reaching $287.86, marking a significant gain for the Congressman.

Rep. Kevin Hern is a Republican from Oklahoma, known for his active trading, with a history of 461 trades across 104 different issuers, amounting to a substantial volume of $37.73 million.

He serves on the Ways & Means Committee, where his financial acumen continues to be an asset.

If you want to receive daily updates on political trading, click here

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How to be notified when politicians buy / sell stocks

As seen before, some suspicious trades were made by Congress Members and their relatives

However, the GOOD NEWS is that their moves can be copied (politicians need to disclose their stock positions)

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📄 3/ Interesting stock market stories

STORY #1: Congressional Trades in the Oil Sector Amid Shifting Global Supply Dynamics

A recent study by the U.S. Energy Information Administration (EIA) indicates that global oil demand might outpace supply next year, overturning a previous forecast of a surplus. This change follows OPEC+ extending significant oil output cuts into next year, initially implemented in late 2022 to bolster oil markets against weakening demand growth, high interest rates, and record U.S. output.

The EIA predicts a decline in global oil inventories by 700,000 bpd in the second half of 2024, following a 500,000 bpd reduction in the first half. Consequently, refiners may need to draw from inventories to meet demand.

Oil stocks have performed well in 2024, with Exxon Mobil Corp (XOM) rising 10.64% YTD. Representative Ro Khanna reported purchasing XOM shares worth up to $150,000. ConocoPhillips (COP) announced acquiring Marathon Oil in a $22.5 billion all-stock deal, including $5.4 billion in debt. Representative Jonathan Jackson invested up to $50,000 in COP, while others sold COP shares from late 2023 to early 2024. ConocoPhillips recently sued the Department of the Interior over new regulations they claim obstruct petroleum production in Alaska.

Other significant U.S. market players include Chevron Corp (CVX), Shell PLC (SHEL), and TotalEnergies SE (TTE). Despite rising electric vehicle use, petroleum remains the dominant energy source in the U.S., primarily for transport. The sector faces volatility amid bullish performance, acquisitions, and legal challenges.

If you want to be notified when insiders trade stock, we send daily email alerts here 

STORY #2:US Representative Michael Collins' Active Participation in Crypto

US Representative Michael Collins, a Republican from Georgia's 10th District, has attracted attention for his active engagement in cryptocurrency markets. Serving since 2023, Collins has disclosed multiple transactions involving digital assets like Aerodrome Finance (AERO), The Graph (GRT), and Velodrome (VELO).

Notable transactions include:

• June 22, 2024: Purchased $1,000 to $15,000 worth of AERO tokens at $0.778 per token.

• June 23, 2024: Sold similar value of AERO tokens at $0.747 per token.

• July 6, 2024: Acquired $15,000 to $50,000 worth of AERO tokens at $0.637 per token, preceding a 50% price surge.

Collins also traded:

• June 24, 2024: Sold $1,000 to $15,000 worth of The Graph at $0.217 per token.

• July 6, 2024: Purchased similar value of GRT at $0.188 per token.

• June 24, 2024: Sold $1,000 to $15,000 worth of Velodrome at $0.097 per token.

Regulatory Context: On May 22, 2024, the U.S. House of Representatives approved the Financial Innovation and Technology for the 21st Century Act (FIT21), establishing a regulatory framework for digital asset markets and positioning the Commodity Futures Trading Commission (CFTC) as the primary regulator. The bill received strong bipartisan support, marking a significant milestone for the crypto industry, though its future in the Senate remains uncertain.

If you want to be notified when politicians trade stock, we send daily email alerts here 

STORY #3: A Summary of the Main Trades Placed by Politicians and Insiders this Week

• Senator Markwayne Mullin has bought stock in Parker-Hannifin, (PH). Parker-Hannifin produces aerospace parts for the military. The company has been accused of overcharging the government in contracts. Mullin sits on the Senate Armed Services Committee.

• Facebook stock (META) has risen 287% since Rep. Dan Crenshaw bought in 10/25/2022

• Rep. Gerry Connolly (who sits on the House Committee on Foreign Affairs) has sold up to $15k in Leidos Holdings (LDOS), a technology, engineering, and science company that provides services and solutions in the defense, intelligence, civil, and health markets.

If you want to be notified when politicians trade stock, we send daily email alerts here 

📄 4/ Political Trading Bot

As you may remember, we have a trading bot that buys the same stocks as politicians

The bot is offered by the SEC registered broker QB, which will perform the trades. We will just provide them with the necessary data to execute

This means that every time politicians buy sizable amount of stocks, the bot buys those stocks as well

If you want to learn more about how to get access to the Political Trading Bot, click on the video below.

We assessed its performance, and it has been delivering solid results so far.

• We launched in May 2022 and the performance was +24% return

• Performance since April 2020 was +237% return