New Pelosi AI Investment and Other Insights From This Week's Data

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 minimal, with 38 transactions taking place

Banks and Marine Transportation were the most invested sectors

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

🏦 2/ US Politicians potential insider trading: Tommy Tuberville made +7% in one month with $GOGL

The Alabama lawmaker Senator Tuberville has often made his stance on congress trading, saying that banning the practice would demotivate future lawmakers from entering the arena of American politics.

Predominantly, the Senator has traded mostly IT stocks and reported up to 430 trades in the past year.

In his last trade disclosure, he reported a purchase of Golden Ocean Group (GOGL:US) stock valued up to $100,000. Since Feb 27 - the date of purchase - the stock has climbed by almost +7.11%. While this increase looks meager, it appears differently when compared to GOGL’s overall performance.

Golden Ocean Group Limited is a shipping giant with a vast fleet of dry bulk vessels worldwide. With one of the largest dry bulk fleets globally, the company is poised for substantial growth, as analysts anticipate profits to more than double in the coming years. This projected surge in profits suggests the likelihood of increased cash flow, which should contribute to a higher share valuation for the stock. Presently, GOGL stock is up by 31.28% YTD.

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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:  Nancy Pelosi makes another AI investment

Nancy Pelosi has recently disclosed a new investment exceeding $1 million in Databricks, a pre-IPO company specializing in big data and generative AI.

She made this investment through Forge Investments' secondary markets platform.

Pelosi's connection to Databricks is strengthened by its San Francisco headquarters, located in her congressional district. The transaction, made on March 4, was promptly reported to comply with regulations outlined in the STOCK Act.

Pelosi has recently had strong performance within this industry, with large returns on her recent Nvidia (NVDA) investments.

Databricks focuses on data processing scheduling and management, including ETL, and utilizes AI to generate dashboards and visualizations. Despite challenges faced by many enterprise companies, Databricks stands out with remarkable growth. In September, it secured $500 million in funding, valuing the company at $43 billion. For the fiscal year ending January 31, 2024, Databricks generated $1.6 billion in revenue, representing a growth rate of over 50% compared to the previous year, which is notable given the current economic climate.

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

STORY #2: A summary of the main trades place by politicians this week

Representative Dan Meuser filed 3 sales of Nvidia (NVDA). Meuser has been selling NVDA since early 2022 and sits on the Committee on Financial Services.

 Representative Thomas Kean Jr. filed a purchase of Berry Global Group (BERY) which makes plastic products, and Nike (NKE). Kean sits on the Committee on Foreign Affairs

 Representative Jonathan Jackson filed a purchase of Hexcel Corporation (HXL) that produced defense materials. Jackson sits on the Committee on Foreign Affairs.

 Representative Max Miller filed a purchase (capital call) of an Elliott Associates private fund. Miller is an active private investor with a net worth of $13.77 million at 35.

 Senator Mitch McConnell filed a purchase of Wells Fargo (WFC). McConnell is the Senate minority leader and has been purchasing large amounts of WFC since 2017.

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

STORY #3:  Politician’s timely investment in Hexcel Corporation raises eyebrows

Hexcel Corporation merges with Woodward Inc., positioning itself as a leader in aerospace and defense.

Merger approved by both companies' boards, promising synergistic growth opportunities.

Combined entity boasts over 16,000 employees and global manufacturing operations.

House Representative Jonathan Jackson's trade in Hexcel shares, between 15,000 to 50,000, just before the merger announcement.

Jackson, a committee member on Agriculture and Foreign Affairs, capitalizes on insights at a strategic time.

Trade occurred on Feb 16, at $73.98 per share, reflecting confidence in Hexcel's future.

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