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 133 transactions taking place

Semiconductors and Equipment were the most invested sectors

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

🏦 2/ US Politicians potential insider trading: Rep. Gottheimer's Successful Pharma Stock Trade

Rep. Josh Gottheimer purchased up to 698 shares of Agios Pharmaceuticals Inc (AGIO:US) on Jan 24, 2024.

AGIO stock surged by almost +24.49% since the purchase, contributing to a present market cap of nearly $1.51 billion.

Agios Pharmaceuticals, based in the US, specializes in developing medicines in cellular metabolism.

Rep. Gottheimer also disclosed purchases of Allegro Microsystems Inc and Credicorp Ltd stocks in the same filing, among nearly 37 trades.

Both Allegro Microsystems Inc and Credicorp Ltd stocks saw significant price surges of approximately +15.47% and +13.83% respectively since Rep. Gottheimer's purchases.

Rep. Gottheimer has been actively trading, with over 500 trades in more than 180 issuers in the past year.

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:  Is NVIDIA's stock price reaching its peak?

Stock market activity centered around semiconductor giant Nvidia (NVDA:US) this week.

Nvidia reported stellar performance in its earnings, including a +22% quarterly revenue increase and +265% year-over-year growth, attributed to demand for accelerated computing and generative AI technologies.

Nvidia's stock witnessed a remarkable after-hours surge of over +12%, reaching nearly $759, showcasing resilience and investor confidence post-earnings.

Future trajectory of Nvidia's stock remains uncertain, with previous concerns about its valuation potentially leading to significant pullbacks.

Congressional trading activities surrounding Nvidia: Congressman Ro Khanna sold shares, while figures like Senator Markwayne Mullin and Rep. Pete Sessions engaged in buying activities.

Purchase of Nvidia call options by ex-speaker Nancy Pelosi's spouse adds an intriguing dimension to the stock's narrative.

Market awaits further developments to gauge Nvidia's future performance post-earnings.

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

STORY #2: Senate greenlights $95 billion aid package; Lockheed Martin expands weapon production

U.S. Senate approved a $95 billion wartime aid package for Ukraine, Israel, and allies, awaiting House approval.

Lockheed Martin (LMT:US) plans production boost of weapons systems amid global security concerns.

Geopolitical tensions, including the Russia-Ukraine conflict, drive increased demand for U.S. defense companies' products:

• Lockheed Martin will double High Mobility Artillery Rocket Systems (HIMARS) production to 96 per year by 2024.

• Javelin antitank missile system production will increase to 3,960 per year by late 2026

• Guided Multiple Launch Rocket Systems (GMLRS) deliveries to exceed 10,000 this year, aiming for 14,000 per year by 2025

• PAC-3 MSE air defense missile system production to rise to 650 per year by 2027.

Democratic Congresswoman Kathy Manning and Republican Representative Kevin Hern made significant defense stock purchases in January.

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

Goldman Sachs (GS:US) revises S&P 500 year-end target to 5,200, indicating a +4% potential upside.

Previous target of 5,100 was revised from December's forecast of 4,700, reflecting expectations of U.S. central bank rate easing and moderated inflation.

Predicts an 8% profit increase for S&P 500 companies in 2024, driven by enhanced U.S. economic outlook and stronger mega-cap profit margins.

"Magnificent 7" stocks, particularly in artificial intelligence and consumer sectors, expected to drive revenue growth and margin expansion.

Operating margins for broader index expected to improve, albeit to a lesser extent, due to factors like moderated input costs and robust sales growth.

Republican Senator Markwayne Mullin reported buy transactions of The Goldman Sachs Group Inc shares on January 4, 2024.

Goldman Sachs stock rose by +19.37% over the last six months, reflecting strong performance.

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