Petroleum Stock Climbs Charts While Rep. McCaul Invests

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 155 transactions taking place

Oil & Gas and Capital Markets the most invested sectors

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

🏦 2/ US Politicians potential insider trading: Petroleum Stock Climbs Charts While Rep. McCaul Invests

Rep. Michael McCaul, who has served since 2005, holds key positions as Chairman of the House Committee on Foreign Affairs and Chairman Emeritus of the House Committee on Homeland Security. Over the past year, he has traded assets worth up to $289.61 million, with a substantial portion of his portfolio invested in financial and industrial stocks.

On February 1, Rep. McCaul's child invested in Occidental Petroleum Corp (OXY:US) shares, amounting to as much as $100,000. This disclosure came through a filing that listed trades in 50 other issuers as well.

Since then, the stock has seen a price rise of +12.00%. This trade came in before Occidental disclosed its Q4 2023 results on February 15. With a strong operating cash flow of $3.2 billion, Occidental also increased quarterly dividends. Furthermore, a recent news update showed that Warren Buffett also raised his stake in the energy company, adding another reason for the stock’s possible bull run. 

If you want to receive daily updates on political trading, click here

🔥Recommended link🔥

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 👇👇👇👇👇

GET DAILY UPDATES

📄 3/ Interesting stock market stories

STORY #1:  Forge Investments & Pelosi: Decoding a $5M Investment Strategy

Congresswoman Nancy Pelosi recently disclosed a significant investment of up to $5 million in Forge Investments, LLC, which holds stock in Databricks, Inc. This move underscores Pelosi's strategic acumen in navigating the financial landscape, particularly within burgeoning sectors.

Databricks, Inc., founded by the original creators of Apache Spark, has emerged as a prominent player in the technology industry. Despite economic uncertainties, Databricks reported a staggering revenue of $1.6 billion for the fiscal year ending January 31, 2024, representing over 50% growth from the previous year. This exceptional performance has solidified Databricks' position as a key player in the data analytics space.

With a valuation of $43 billion, Databricks stands as one of the largest privately held venture-backed U.S. companies, attracting significant investor interest.

Pelosi's investment in Forge Investments aligns with her forward-looking investment strategy, tapping into the potential of disruptive technologies shaping the future. Her previous investments in Palo Alto Networks Inc (PANW:US) and now in Forge Investments reflect a discerning approach to identifying transformative opportunities in the tech sector.

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

STORY #2: Amazon Makes a Historic Investment in AI Startup “Anthropic” Amidst Global AI Competition

Amazon (AMZN:US) recently announced its largest outside investment to date, totaling $2.75 billion, aimed at bolstering its position in the competitive landscape of artificial intelligence. This investment is directed towards Anthropic, a San Francisco-based startup renowned for its advancements in generative artificial intelligence, particularly through its foundation model and chatbot "Claude", which competes with industry players like OpenAI's ChatGPT.

This latest investment follows a prior commitment made in September, where Amazon pledged $1.25 billion, with the potential for a total investment of up to $4 billion. In the initial deal, Amazon acquired a minority stake in Anthropic and secured agreements ensuring Anthropic's continued utilization of Amazon Web Services (AWS) for its computational needs.

The reliance on external partners like Anthropic and OpenAI reflects the challenges faced by companies such as Amazon and Microsoft (MSFT:US) in developing sophisticated AI models internally. But despite the substantial investment, Amazon has chosen to maintain only a minority stake in Anthropic, refraining from securing a board seat within the company.

 Amazon's investment coincides with Anthropic's introduction of Claude 3, its latest suite of AI models touted for their enhanced speed and power.

On the congressional trading front, Congressmen Brian Mast, Earl Blumenauer, and Ro Khanna were seen stocking up the company's shares. In contrast, Representative Shri Thanedar and Blake Moore were seen on the selling front.

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

STORY #3:  A Summary of the Main Trades Placed by Politicians this Week

Representative Kathy Castor filed a sale of Berkshire Hathaway (BRK.B). Berkshire’s largest holding is Apple (AAPL) - and they were just sued by the Department of Justice.

Senator Thomas Carper filed 15 security purchases including Arcadium Lithium (ALTM). He also filed 15 security sales, including Apple (AAPL). Carper sits on the Subcommittee on Natural Resources.

Representative Michael Burgess filed a sale of Walgreens (WBA) and a sale of Illumina (ILMN). Burgess sits on the Committees on Budget and Energy + Commerce. Burgess has a trade volume of $2.69 million.

Representative Gerald Connolly filed sales of Science Applications International (SAIC), Leidos Holdings (LDOS), and Dominion Energy (D). Connolly sits on the Committees on Foreign Affairs and Oversight + Accountability.

Representative Brian Mast filed purchases of AT&T (T) and Amazon (AMZN). Mast sits on the Committee on Foreign Affairs.

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