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 substantial, with 202 transactions taking place

Banks and Semiconductors were the most invested sectors

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

🏦 2/ US Politicians potential insider trading: Rep. McCaul's Buys $TSM Before Chipmaker’s Price Hike

Rep. Michael McCaul's recently disclosed stock trades totaling nearly $20 million

McCaul serves as Chairman of the House Committee on Foreign Affairs.

One notable trade involved the purchase of Taiwan Semiconductor Manufacturing Co (TSM:US) before its +25.29% price increase on January 16, 2024.

Taiwan Semiconductor is a major semiconductor producer with a market capitalization of $542.6 billion and reported revenue of $19.9 billion.

In November 2023, McCaul's spouse also made a timely investment in Oshkosh Corp, with shares later sold for a profit of +11.84% on January 19, 2024.

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)

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:  Congressional Discussion on Recent Stock Purchases by Pelosi

Nancy Pelosi's spouse, Paul Pelosi, has attracted attention for his stock trading activities: recent transactions involved Palo Alto Networks Inc. (PANW:US), a cybersecurity solutions provider.

• On February 12, Paul Pelosi acquired 20 call options of PANW expiring on January 17, 2025, valued between $100,001 and $250,000

• On February 21, he acquired 50 call options of PANW expiring on January 17, 2025, valued between $500,001 and $1,000,000

Despite a brief dip on February 20, PANW's stock has shown strong growth, surging by more than +20%.

Paul Pelosi's investment coincided with a US Congress briefing on a "Serious National Threat" related to cybersecurity.

Palo Alto Networks disclosed its Fiscal Q2 2024 Financial Results on February 20, reporting $2.0 billion in revenue for the quarter, reflecting a 19% year-over-year increase.

The company's GAAP net income per diluted share stood at $4.89, with optimism expressed for upcoming earnings.

This marks Paul Pelosi's first investment of the year, following a previous trade in NVIDIA Inc (NVDA:US).

The NVDA trade saw a significant surge of nearly +60% in NVDA's stock price since the transaction.

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

STORY #2: Reddit Files for IPO - Potential Game-Changer in the Tech Market?

Social Media company Reddit, founded in 2005 by Alexis Ohanian and Steve Huffman, submitted its IPO prospectus to the SEC on February 22, 2024.

The IPO debut, scheduled for March, marks the first major tech IPO of the year and the first social media IPO since Pinterest Inc. in 2019.

The company reported a reduced net loss of $90.8 million for the year ending December 31, with $804 million in annual sales for 2023, a +20% increase from the previous year.

Reddit's primary revenue comes from online advertising sales on its website and mobile app.

With its IPO, Reddit could become a player in congressional trading, potentially joining favorites like Meta, Snap, or Pinterest.

The impact of Reddit's IPO on political trading remains uncertain, with questions about whether it will stand out or blend in among other social media issuers.

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

STORY #3: Goldman Raises target estimates for S&P500

Apple Inc. has decided to abandon its decade-long electric vehicle project, signaling a strategic shift towards prioritizing artificial intelligence (AI).

This decision reflects industry insights suggesting challenges in the electric vehicle market, including high borrowing costs and increased competition.

Prominent politicians, including Shri Thanedar and Kathy Manning, have recently engaged in significant stock sales, coinciding with Apple's strategic pivot.

Senator Tuberville and Rep Gottheimer were also among recent sellers of Apple stock.

While experts praise Apple's shift towards AI, the announcement posed a risk to the stock price.

The timing of these political stock transactions alongside Apple's strategic pivot raises questions about the intersection of politics and technology.

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