Politicians bought stocks prior to billion dollar acquisition

Hello Seven Lakers,

below a summary of relevant events happened on the stock market in the last few days

📈 1/ Stocks and sectors bought by US politicians last week

This week, the trading activity at Capital Hill was quite minimal with only a few transactions taking place.

🏦 2/ US Politicians potential insider trading: buying stocks pre billion dollars acquisition

With a current term ending in 2025, Rep. Michael Guest is no stranger to Congressional Trading.

Guest just revealed trades in 35 different stocks

He likes Energy sector a lot: coincidentally, Guest is a member of the House Appropriations Committee. The Committee includes the Subcommittee on Energy and Water Development and Related Agencies. In addition to this, Guest is a Chairman and a Vice Chairman of two other significant House Committees.

On August 9, Guest reported that his spouse invested in Permian Resources Corporation (PR:US), buying up to 1,221 shares

Permian Resources is an independent energy company, focused on developing crude oil and rich-in-liquids gas in the US

Less than a month after this trade, Permian announced that they would be acquiring Earthstone Energy

This all-stock transaction is estimated to value almost $4.5 billion 

Since the investment by Guest’s spouse, PR’s stock has risen by nearly 13.91%

📄3/ How to copytrade US Politicians

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)

There are several strategies that allows you to make similar returns to Nancy Pelosi or Michael Guest using political trading and other alternative data sources

Anyone can use them, it just takes some time to learn - yet they are still virtually unknown

We studied these methodologies for years and we developed the….

POLITICAL TRADING GUIDE

a comprehensive guide on how to copytrade politicians and insider traders to multiply your capital and make crazy returns like Nancy Pelosi

💵 4/ What’s happening on the stock market

STORY #1: Disney stocks reaches 9-year low due to lawsuit and streaming challenges

The Walt Disney Co (DIS:US) recently saw its stocks plummet to their lowest level in almost 9 years, dropping down to $83.11

This was due to:

• Company reported subscriber losses at Disney+ for the most recent quarter

• Company got sued by investors over an alleged "fraudulent scheme" of hiding Disney+ losses. The lawsuit claimed that Disney was lying about being able to achieve profitability with Disney+ by the end of 2024

• Visual Effects workers at Walt Disney Pictures moved to unionize with IATSE, an international labor union.

On the political front, Disney stock has been sold a lot.

Lawmakers Zoe Lofgren, Michael McCaul, Tom Carper, Kathy Manning, John Hickenlooper, Michael Burgess, and Ro Khanna were all seen selling their Disney stakes since the year's beginning.

What remains to be seen is how quickly Disney will respond to these contemporary issues and how soon it will cope with its share value loss

STORY #2: Dollar Tree not looking good after earning reports

Retailer Dollar Tree’s stock was down -12.9% in a single day after their fiscal Q2 2023 report.

Despite opening more than 110 stores in the quarter, it appears Investors were disappointed with the forecast for the next quarter

More than a month before this earnings reveal, a Congressman had sold up to 339 DLTR shares

STORY #3: NVIDIA stock pumping again after record revenue

Tech company Nvidia reported positive results including a record revenue of almost $13.51 billion.

As a result, NVDA stock was up +6.58% in a day

Breaking the resistance yet again, it's not all surprising that lot of Congress members are holding the stock