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 73 transactions taking place

Pharma and Media were the most invested sectors

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

🏦 2/ US Politicians potential insider trading: Rep. Evans Betting on AI

Representative Dwight Evans is a member of the House Ways and Means Committee and has been serving in the US Congress since 2016.

He is an occasional stock trader, primarily focusing on the IT sector.

Over the past three years, Evans has made a total of eight filings featuring 39 trades.

In his latest filing on January 22, 2024, Evans reported two stock purchases and one sale.

He purchased up to $15,000 worth of Micron Technology Inc (MU:US) shares.

Since the purchase, MU stock has experienced an +11.93% price surge, closing at $88.08 on January 24.

Analysts predict that the tech stock could reach as high as $115.00.

The tech sector, particularly chipmakers, has seen bullish trends due to the integration of AI. Nvidia and Micron Technology Inc (MU) have both performed well, with MU stock rising by +69.43% Year-to-Date.

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 👇👇👇👇👇

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📄 4/ Interesting stock market stories

STORY #1: Senator Whitehouse investing in Pharma Stocks Just Before Big Announcement

Senator Sheldon Whitehouse has been serving as the junior United States senator from Rhode Island since 2007.

On January 18, he disclosed his stock trades from December 2023, including notable transactions in the medical sector.

On December 14, Senator Whitehouse purchased shares of Eli Lilly (LLY:US) within the $1,000 to $15,000 value range. The stock has since increased by over +6.5%.

The Eli Lilly trade coincided with the company's announcement of opening its third Gateway Labs location in San Diego in the first half of 2024.

Senator Whitehouse completely divested his holdings from Pfizer (PFE:US) within the same value range. Pfizer's stock has declined nearly 2% since the trade, with a YTD decrease of more than -5.5%.

The decision to sell Pfizer stock followed the company's discontinuation of an experimental weight-loss pill due to adverse side effects.

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

STORY #2: Senator Tuberville Bought ~$2mln of Cleveland Cliffs stock

Senator Tommy Tuberville has actively bought Cleveland Cliffs Inc. (CLF:US) stock since April 2021.

Cleveland Cliffs Inc. is a US mining company specializing in iron-ore pellets and is involved in the steel and mining industry.

Accumulated $779,000 to $1,955,000 worth of CLF stock.

Besides accumulation, consistently hedges his CLF stock position with options.

The company attempted a buyout of US Steel Corporation (X:US) last year, which faced rejection as Nippon Steel made a larger offer

CLF was left with a pile of cash, prompting an aggressive buyback program.

The stock has given returns of over +23% in the last three months.

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

STORY #3: Political Interest in AI developments

In 2024, there's a renewed focus on artificial intelligence (AI), marked by the launch of the National Artificial Intelligence Research Resource (NAIRR) pilot program by the National Science Foundation (NSF).

The NAIRR aims to provide researchers and educators access to high-powered AI technologies to maintain the U.S. leadership in AI research and innovation.

Major tech companies, including Amazon, IBM, Intel, Meta, Microsoft, Nvidia, OpenAI, and Palantir, are participating in the two-year pilot program.

Last year, several politicians significantly increased their holdings in these AI-related stocks, including Jared Moskowitz, Pete Sessions, Michael McCaul, Ro Khanna, and Josh Gottheimer.

Notably, Nancy Pelosi's spouse increased stakes in Nvidia by nearly 5 million and Microsoft by almost 1 million through call options.

The focus now shifts to the future of these tech giants and how lawmakers will navigate the evolving AI landscape.

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 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