Political 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 360 transactions taking place

Hotels and Oil & Gas were the most invested sectors

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

🏦 2/ US Politicians potential insider trading: Rep. Guest’s successful NVDIA trade

Michael Guest represents Mississippi's Third Congressional District and serves on Homeland Security committees and chairs the Ethics Committee

Since late 2023, he's disclosed investments in ABNB, UBER, and ABBV stocks

Reported on February 20, his spouse acquired shares of NVIDIA Corp (NVDA:US)

She invested between $1,001 and $15,000

Since the purchase, NVDA stock has surged by +30.86%

 In recent years, Nvidia's investment focus has shifted from high-performance processors for gaming and computing to specializing in GPUs for artificial intelligence. A vast majority of analysts agree that AI's growing phenomenon has given a boost to NVDA shares, which are currently trading at a whopping $908.88 per share. Furthermore, Nvidia supplies GPUs to creators of generative AI software, including ChatGPT, Microsoft Copilot, Google Gemini, and numerous others, which rely on Nvidia's GPUs to drive their AI capabilities.

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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:  Congressman Doggett Discloses Investment in Procter & Gamble Co

Congressman Lloyd Doggett from Texas disclosed investment in Procter & Gamble Co (PG:US) on February 15, 2024

He invested between $1,000 to $15,000 when PG shares closed at $157.01 per share

 The reason of the investment is that Procter & Gamble released fiscal second-quarter earnings at the end of January 2024

• Reported net income of $3.47 billion or $1.40 per share, down -13% from previous year

• Adjusted full-year earnings per share outlook was in a range of $6.37 to $6.43

• Net sales increased by 3% to $21.44 billion, slightly below Wall Street's expectations

• Organic revenue climbed 4% in the quarter

On a recent note, analysts at Wolfe Research and Raymond James rated PG stock as "outperform"

And, PG shares increased by around +2.30% in value since Congressman Doggett's investment

Uncertainty remains whether the positive trading trend will continue or halt over time

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

STORY #2: OpenAI's Dispute with Elon Musk

In a recent turn of events, OpenAI has found itself at the center of a dispute with its co-founder Elon Musk, who claimed the organization deviated from its original mission.

Musk filed a lawsuit against OpenAI, alleging a breach of the “Founding Agreement” and an unexpected collaboration with Microsoft Corp (MSFT:US).

The dispute revolves around OpenAI's shift to a for-profit entity in 2017, a move deemed necessary for the development of artificial general intelligence (AGI).

Musk, advocating for a merger with Tesla (TSLA:US), envisioned the electric car giant as the financial backbone for OpenAI's ambitious goals.

Amidst this turmoil, it's intriguing to observe how politicians with stakes in both Microsoft and Tesla are navigating these changes.

The politician’s trading trend indicates a collective affinity for Microsoft within political circles, manifesting in various buy and sell decisions so far this year. Conversely, the trading activity in Tesla among politicians remains notably subdued, with only a select few making moves in the electric car company's stocks. This suggests a more reserved approach or a distinct preference for Microsoft over Tesla within political portfolios.

The financial decisions of these politicians shed light on the broader implications of OpenAI's choices. As OpenAI aligns itself with Microsoft over Tesla, the intricate web of investments in both companies by influential figures emphasizes the complexity of the technology, politics, and finance nexus.

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

STORY #3: Congressional Stock Trading and Microsoft's Influence on OpenAI: An Analysis

Microsoft Corp (MSFT:US) is among the best-performing stocks traded by lawmakers.

Microsoft ranks as one of Congress's most actively traded stocks, with 133 reported transactions of MSFT stock in the past year.

Representative Suzan DelBene disclosed her spouse's sale of MSFT shares, valued between $100,001 and $250,000; Timing of the sale is notable, occurring after OpenAI's valuation at almost $80 billion, backed by Microsoft.

Other Congress members who recently traded in MSFT stock include Rep. Ro Khanna and Rep. Josh Gottheimer. Both lawmakers sold MSFT shares for up to $15,000 each on Feb 2 and Feb 8 respectively. Later in the same month, Rep. Gottheimer bought as much as $27 million worth of MSFT shares, as reported in his March 8 disclosure.

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