Latest trades by Politicians, Hedge Funds and Insiders

July 11, 2024

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Recent Trades in the Spotlight

In our latest update, we delve into the recent trades of notable figures in politics and the hedge fund industry.

Nancy Pelosi's Latest Trade

House Speaker Nancy Pelosi has made headlines once again with her latest stock trade.

Pelosi recently disclosed the purchase of 5,000 shares in Apple Inc. (AAPL) on June 30, 2024, at an average price of $200 per share.
This $1 million investment underscores her continued confidence in the tech giant's potential.

Apple has been a strong performer, with a market cap exceeding $3 trillion and a solid growth trajectory.
The company’s latest quarterly earnings report showed a 12% year-over-year increase in revenue, driven by strong sales in its services and wearables divisions. Pelosi's investment aligns with her past interest in technology stocks, which she believes are pivotal to the economy’s future.

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Hedge Fund Moves: Bridgewater Associates

Bridgewater Associates, the world's largest hedge fund founded by Ray Dalio, has also been active in the market.
Their latest trade includes a significant position in Microsoft Corporation (MSFT). On July 2, 2024, Bridgewater disclosed the purchase of 10,000 shares at an average price of $340 per share, amounting to a $3.4 million investment.

Bridgewater's bullish outlook on Microsoft is based on the company's robust financial health and growth prospects.
Microsoft recently reported a 20% year-over-year increase in its Azure cloud revenue and a 15% increase in overall revenue, driven by strong demand for its cloud computing services and software products.
The hedge fund's investment strategy often focuses on large-cap tech stocks due to their resilience and innovation-driven growth.

Tesla Insider: Elon Musk's Latest Trade

Tesla CEO Elon Musk has made a noteworthy trade, further stirring interest in the EV market. On July 5, 2024, Musk disclosed the sale of 50,000 shares in Tesla Inc. (TSLA) at an average price of $800 per share, totaling $40 million. This sale is part of Musk's ongoing plan to divest a portion of his holdings for personal liquidity purposes.

Despite this sale, Musk remains Tesla's largest shareholder, and his move does not indicate a lack of confidence in the company's future. Tesla recently announced a 25% year-over-year increase in vehicle deliveries and a 30% increase in quarterly revenue, driven by expanding market share and strong demand for its new models. Musk’s trades are closely watched by investors, given his influential role in the company and the broader EV market.

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