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 just ~19 transactions taking place

Oil & Gas was the most invested sector

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

🏦 2/ US Politicians potential insider trading: Rep. Jackson profiting on Telecom stocks

In 2023, Rep. Jonathan Jackson, who represents Illinois's inaugural Congressional district, commenced his term. He actively participates in the House Committees on Foreign Affairs and Agriculture, distinguishing himself as a notable stock trader. His financial activities involve eight disclosed filings, encompassing trades in 29 issuers, primarily within the Industrials sector.

One of the Representative's reported a $50,000 investments in T-Mobile US Inc (TMUS:US) in November 2023. Although the price change has not been substantial since the investment, it is showing a positive trend (+5.7%).

T-Mobile, a US-based wireless network operator, currently boasts a Market Cap of $179.8 billion. TMUS's stock price has witnessed an +11.84% increase year-to-date, earning it the label of a 'growth stock' from analysts, attributed to the company's accelerating earnings and sales growth.

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: Sen. Tuberville finally drops hold on military promotions after ~ 10 months

Senator Tommy Tuberville, a key figure in the Senate Committees on Veterans' Affairs and Armed Services, dropped hold on military promotions after ~ 10 months

Tuberville lifted holds on all promotions up to the three-star rank, totaling over 425 promotions, while retaining holds on 11 four-star generals.

During the hold, Tuberville faced criticism from fellow Republicans as attempts to confirm military nominees were repeatedly blocked on the Senate floor. Notably, Tuberville emerged as one of Congress' most active stock traders, conducting nearly $10 million in financial transactions, including shares in health firms such as Merck & Co Inc, Eli Lilly and Co, and Pfizer Inc.

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

STORY #2: Insider trading concerns on senator Tina Smith

Senator Tina Smith, a Minnesota Democrat, is facing scrutiny for stock trades linked to her role on the Senate Committee on Health, raising concerns about potential insider trading.

On November 8th, she invested between $100,000 and $250,000 in Tactile Systems Technology Inc (TCMD:US), a medical devices company based in Minnesota. The stock surged over +40%, fueling suspicions of insider information. Critics highlight a conflict of interest due to her committee role, and the minimal media coverage raises worries about holding elected officials accountable.

Senator Smith also made another profitable trade, a +30% gain in less than three weeks, by betting on Artivion Inc (AORT:US) ahead of earnings. These actions underscore the need for thorough investigations by regulatory bodies to address potential insider trading and conflicts of interest among elected officials. Upholding the financial system's integrity and the public's trust is paramount.

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

STORY #3: Media stocks are up as Apple and Paramount team up

In December 2023, Apple (AAPL:US) and Paramount (PARA:US) stocks rose due to discussions about a bundled streaming service. Paramount's stock surged by +9.81%, and Apple closed at $191.24 on December 01.

This positive news also affected other media stocks, with Warner Bros Discover (WBD:US) rising by 8.42%.

Bundling Apple TV+ and Paramount+ is seen as beneficial for their diverse content offerings. This concept aligns with industry trends, as seen with Netflix (NFLX:US) and Max partnering with Verizon (VZ:US) for a $10 monthly bundled service.

Keeping in line with these price surges, two Congress members previously purchased AAPL stock in October 2023. Rep. Josh Gottheimer bought up to $15,000 worth of Apple stock on 30 Oct. Rep. Ro Khanna’s child bought almost $15,000 worth of AAPL shares on Oct 02, while his spouse sold as much as $50,000 later on Oct 10.

The Californian representative sold up to $15,000 worth of PARA stock on August 29. Elsewhere, Sen. Tommy Tuberville bought between $50,000 and $100,000 worth on September 18. 

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