Seven Lakes Weekly Summary

Hello Seven Lakers,

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

📈 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. If you want to receive daily updates, click here

🏦 2/ US Politicians potential insider trading: Rep. Khanna selling pharma stocks just before price drop

Despite being in favor of banning Congressional stock trading, Ro Khanna trades a lot

In the past 3 years, Rep. Khanna has divulged 36 stock filings, with than 12,000 trades mostly in the Finance and Technology sectors

Disclosed in September 2023, the California-based Representative reported selling Walgreens Boots Alliance Inc (WBA:US) shares, just before price dropped on top of negative news

Since the transaction date - August 1, 2023 - the WBA stock’s price has declined by -25.94%

Much of this price fall was due to WBA’s Fiscal third quarter 2023 results, which failed to hit analysts’ expectations

Adding to this, Walgreens disclosed a leadership change. Their CEO, Rosalind Brewer would be resigning after serving less than three years at her present post.

Prior to Sessions, three other Congress members sold WBD stock earlier this year. 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: Lockheed Martin congressional lobbying - influence, contracts, and geopolitical dynamics

Recently, Lockheed Martin (LMT:US), a prominent American conglomerate specializing in aerospace, arms, defense, and information security, revealed an expenditure of around $3.4 million on lobbying efforts.

This was shared in our PREMIUM daily updates last week

Lockheed Martin allocated a significant $14 million and $10 million towards lobbying in 2021 and 2022 respectively, indicating their commitment to influencing government policies and decisions.

It's worth noting that Lockheed Martin is a major recipient of government contracts and funding, receiving over $40 billion in government support in 2022

Furthermore, amid the Russia-Ukraine conflict, the United States provided $43 billion in military assistance to Ukraine, as part of the $60 billion committed in total.

Lockheed Martin's involvement in defense and aerospace sectors positions them as a key player in supplying equipment and technology, making their lobbying efforts relevant in this geopolitical context

On the political trading front, Representatives Kevin Hern and Daniel Goldman were buying Lockheed Martin shares this year, while Congresswomen Kathy Manning and Diana Harshbarger were seen on the selling side

STORY #2: Tesla stock price goes up as Morgan Stanley turns positive on the stock

Morgan Stanley analysts stated that Dojo supercomputer has the potential increase Tesla’s market value potentially by $600 billion

This could be achieved by accelerating the adoption of robo-taxis and Tesla's software services. Tesla shares rose 7% on Monday in response to this report

Some more information:

• Tesla began production of the Dojo supercomputer in July, with plans to invest over $1 billion in it by the next year

• Dojo can help make cars see and react: cars can make real-time decisions based on camera pictures

• Morgan Stanley selected Tesla as their "top pick" and raised their target price for Tesla's shares by 60% to $400

• Congress members Ro Khanna, Michael Guest, Josh Gottheimer, and Mike Garcia were all trading TSLA shares in recent months

  • Most notably, Rep. Khanna disclosed in July that he bought $15,000 - $50,000 worth of Tesla shares on June 26, when the stock closed at $241.05

• Tesla shares are up 130% during last week, trading at around $265 apiece

STORY #3: Apple shares down as China bans iPhones for governments officials

After a bullish performance in 2023, Apple shares declined -3.5% in the past week due to a startling move by China

This was due to:

• China announced that government officials were not to use iPhones or at least, not bring them into work

• This announcement comes as another stance for China to limit their dependence on foreign tech, despite the country being one of Apple’s biggest revenue generators

• Apple Investors are worried, as China represents 19% of Apple revenue

• China tech giant Huawei just introduced a new smartphone capable of ultrafast data connectivity

• In June 2023, Nancy Pelosi and here husband exercised 50 call options to purchase 5,000 Apple shares at $80 strike price