Insider Trading Weekly Summary

Hello Seven Lakers,

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 minimal, with just 27 transactions taking place

Consumer and Retail were the most invested sectors

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

🏦 2/ US Politicians potential insider trading: Senator Carper bought $TGT the day before positive earning report

Senator Tom Carper is from Delaware and holds key positions on Senate Committees including Homeland Security, Finance, and chairs the Environment and Public Works Committee.

His recently disclosed transactions include his spouse's purchase and two sales of US Treasury bills, and a sale of energy stock Equinor ASA.

A filing on Feb 16 revealed his spouse's purchase of up to 101 shares of Target Corp stock (TGT:US), disclosed on March 4.

This disclosure was made a day before Target announced its Q4 2023 and Full Year 2023 results, which showed enhancements in comparable sales and traffic trends.

Target's earnings for the three-month period ending on February 3, 2024, increased by nearly 57.8% year-over-year, and its underlying cash and equivalents surged by almost 70.70% year-over-year.

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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)

The Seven Lakes Research analyst team provides PREMIUM detailed updates from Monday to Friday with all the relevant fact on: 

Click on the button below to start receiving them 👇👇👇👇👇

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📄 3/ Interesting stock market stories

STORY #1:  Senator Mullin did +140% on his portfolio in the last year, investing in tech stocks

Congressional trading consistently attracts attention from investors and journalists due to public curiosity.

Attention has shifted to Senator Markwayne Mullin from Oklahoma, whose portfolio reportedly grew by +140% over the past year.

This surge could potentially be attributed to his substantial investments in the tech sector, including companies like Nvidia and Advanced Micro Devices (AMD:US), among others, as well as other notable firms such as Meta Platforms (META:US), Alphabet Inc. (GOOGL:US), Microsoft (MSFT:US), and Adobe (ADBE:US).

Concerns about potential insider trading have been raised, but Mullin's financial achievements mark a significant milestone in his financial growth.

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

STORY #2: Congressman Shri Thanedar trading Bitcoin

Congressman Shri Thanedar of Michigan's 13th Congressional District has resumed reporting his financial transactions after a one-year hiatus.

His disclosed transactions include partial sales of holdings in established tech companies like Microsoft, Amazon, and Alphabet Inc.

Particularly notable is his significant divestment in Bitcoin, amounting to $800,000.

He made significant profits with Bitcoin, which is often criticized by government officials. However, as you can see government officials are also speculating on it

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

STORY #3: DELL outperformance due to AI demand

Dell Technologies Inc. (DELL:US) announced optimistic quarterly results, highlighting increasing demand for AI-related technology and anticipating revenue growth in fiscal 2025.

In the fiscal fourth quarter, Dell reported shipping $800 million worth of AI-optimized servers, driven by product transitions including new chips from Nvidia Corp. (NVDA:US) and Advanced Micro Devices Inc. (AMD:US).

Dell's bullish outlook underscores the increasing significance of AI technology in the market, with competitors urged to take notice.

Senator Tom Carper's investment of up to $15,000 in Dell shares on Jan 2, 2024, has proven lucrative as the stock has appreciated by over +26% since then.

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