Seven Lakes 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 ~920 transactions taking place

Healthcare & Capital Markets were the most invested sectors

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

🏦 2/ US Politicians potential insider trading: Senator Mullin is profiting from defense stocks

Rep. Josh Gottheimer, who has been in office since 2017, is a notable trader serving on the House Committee on Financial Services and the House Committee on Intelligence

Representing New Jersey, he has engaged in trading securities from 182 issuers, with a focus on the Information Technology sector, followed closely by healthcare and finance

In the latest filing for this week, Rep. Gottheimer reported 57 trades, including an investment in Adyen NV (ADYEN:US), with a value of up to $15,000 at a price of ~$596

On November 15, the stock closed at $1,027.6, representing a significant 41.84% price surge since Gottheimer's purchase.

This surge can be largely attributed to Adyen NV's Q3 2023 Financial Highlights, where net revenues increased by nearly €400 million, and the company refined its financial goals.

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

🔔 3/ 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

📄 4/ Interesting stock market stories

STORY #1: Congressman Greg Stanton shifts from stocks to ETFs

In the midst of the ongoing ethical debate surrounding congressional stock trading, various proposals have emerged to address concerns about perceived unethical practices.

Some members of Congress are advocating for a complete ban on stock trading to address these ethical considerations

The recent transaction report by Congressman Gregory John Stanton from Arizona's 4th congressional district adds fuel to the ongoing ethical debate surrounding congressional stock trading

Greg Stanton, a Democrat serving since 2019, disclosed over 150 trades in his report on October 21

As a member of the House Committee on Transportation and Infrastructure, he holds the position of Vice Chair of the Highways and Transit subcommittee and is also part of the Water Resources and Environment and Aviation subcommittees.

Stanton's report revealed that his wife hired a new investment firm in September 2023, which, unaware of the family's policy against owning individual stocks, purchased some stocks

Upon discovering this, Rep. Stanton promptly requested divestment on October 23, with the new investment firm complying and reallocating funds to exchange-traded funds.

Despite the swift action, some of Stanton's investments, including Advanced Micro Devices (AMD:US), Microsoft (MSFT:US), and Adobe (ADBE:US), yielded profits

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

STORY #2: Diabetes stocks dip due to UnitedHealth policy

Commencing on January 1, 2024, Optum Rx, a division of UnitedHealth (UNH:US), is instituting a significant change by assigning eight preferred insulin products to tier one on standard commercial formularies

This strategic shift aims to cap out-of-pocket expenses for these insulin products at $35 or less, in order to improving access and affordability for vital medications.

Tier one additions include products from Eli Lilly (LLY:US), Novo Nordisk (NVO:US), and Sanofi (SNY:US), causing a dip in shares of Eli Lilly and Novo Nordisk.

Currently, over 70% of users pay less than $35 per month for insulin. The alterations are expected to ensure that, as of January 1, 2024, 98% of all consumers can access insulin for $35 or less per month

Shares of Eli Lilly and Novo Nordisk had previously surged to all-time highs due to robust demand for diabetes drugs such as Ozempic and Wegovy

In a noteworthy development, Congress members Markwayne Mullin and Sheldon Whitehouse reportedly acquired LLY shares in September, aligning with the companies' strong year-to-date performance. Additionally, Mullin engaged in two transactions, investing up to $65,000 in UNH shares.

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

STORY #3: Take-Two Interactive Software up on GTA6 rumors

Take-Two Interactive Software (TTWO:US) experienced a surge in its stock on Wednesday following reports from Bloomberg News hinting at an impending announcement of a new Grand Theft Auto (GTA) game

The anticipated GTA 6, to be revealed by the company's Rockstar Games division, may be disclosed as early as this week

The previous installment of the game, GTA 5, boasts sales exceeding 185 million copies, making it the second-best-selling video game of all time and a significant contributor to TTWO's $25 billion market cap

This news follows leaks from last year revealing early footage of Grand Theft Auto VI

The formal announcement is expected coinciding with TTWO's quarterly results report scheduled after Wednesday's market close

Notably, Take-Two shares have seen a 31% rise year-to-date, with a nearly 9% increase in the stock's opening on Wednesday

It's worth mentioning that Congressman Ro Khanna has been actively trading TTWO shares throughout 2023.

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

📄 5/ 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 are offering 50% discount this week, due to Black Friday

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