Which stocks did U.S. politicians purchase this week?

Hello,

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

📈 1/ Stocks bought by US politicians last week

This week, the trading activity at Capitol Hill was substantial, with 163 transactions taking place

Banks & Software were the most invested sectors

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

🏦 2/ US Politicians potential insider trading: Tech Wiz Representative Stocks Up on NOW Shares 

A former executive at Microsoft and one of the most prominent traders in Congress, Rep. Josh Gottheimer has reported just under 1,500 trades - mostly stocks - in the past three years. In office since 2017, he serves on the House Permanent Select Committee on Intelligence and the House Financial Services Committee.

On August 5, 2024, adding to his long list of trades in technology companies, Mr. Gottheimer reported a purchase of ServiceNow Inc (NOW) shares. Under a joint ownership, the New Jersey Democrat invested up to $15,000 in NOW shares.

Since the Representative’s investment, NOW shares have surged by 13.97%, an addition to the almost 30% price hike the stock has seen year-to-date.

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

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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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📄 3/ Interesting stock market stories

STORY #1:  BlackRock, Microsoft & GIP to Launch $100B AI Infrastructure Fund to Power the Future

BlackRock is partnering with Global Infrastructure Partners (GIP) to launch a massive investment vehicle targeting the growing energy and digital infrastructure needs of artificial intelligence (AI). The Global AI Investment Partnership aims to raise up to $30 billion in equity and potentially unlock an additional $70 billion in debt financing.

Key collaborators in this initiative include Microsoft, MGX, and Nvidia, which will provide expertise in factory design and integration. The demand for AI computing power is expected to put pressure on existing energy resources, highlighting the urgency of this investment.

This fund marks GIP’s first major venture since BlackRock's acquisition for $12.5 billion. Larry Fink, BlackRock’s CEO, emphasized the transformative potential of private capital in building AI infrastructure, describing it as a "multitrillion-dollar long-term investment opportunity."

Meanwhile, Brad Smith, Microsoft’s president, stressed the importance of substantial capital investment to develop AI infrastructure. MGX is also actively pursuing investments, including potential involvement in OpenAI's funding round.

In the political sphere, U.S. lawmakers have been reshuffling their portfolios, with 12 politicians reporting 38 trades since July 2024, many involving sales of stocks in major AI players like Microsoft, Nvidia, and BlackRock.

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

STORY #2: RTL & Paramount Cancel Merger Amid Regulatory Pushback

German broadcaster RTL and Paramount (PARA) have decided to pull back from their planned merger of Super RTL and Nickelodeon, according to Germany's Federal Cartel Office. The decision came after indications that the office would likely block the deal due to competition concerns.

In April, Super RTL, owned by Bertelsmann's RTL Group, announced an agreement to bring Nickelodeon’s content to German audiences, including popular shows like "PAW Patrol" and "SpongeBob SquarePants". The merger would have expanded Super RTL's lineup and boosted its children's programming offerings.

However, the German Cartel Office raised concerns about the impact on competition in the children's advertising market. Andreas Mundt, head of the office, stated that only a few companies offer advertising space specifically targeted at children, and RTL already holds a dominant position. The merger would have further strengthened RTL's control, prompting the office to likely prohibit the deal.

Meanwhile, Paramount has seen significant sell-offs from U.S. political figures. Since the second quarter of 2024, Democratic Representative Ro Khanna and Republican Senator Tommy Tuberville have both gradually reduced their stakes in the media giant, signaling a bipartisan move away from the company.

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

STORY #3:  A Summary of the Main Trades Placed by Politicians and Insiders this Week

• Senator John Hickenlooper (D) bought up to $100k in (LINE) on 7/3/2024 and disclosing 9/5/2024. This purchase was facilitated through his spouse, listed as the account owner.

• Representative Debbie Wasserman Schultz (D) just bought stock in the Hecla Mining Company (HL) (up to $15k). This trade is notable because it’s the only trade made by her in months & first time we have seen a politician trade (HL) in years.

• We posted this report on a suspicious purchase of Fair Isaac stock by Representative Josh Gottheimer (D) in May. (FICO) has now risen 53% since the trade. It's a credit scoring service. Gottheimer sits on the House Financial Services Committee.

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

📄 4/ 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