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 just 44 transactions taking place

Communications & Semiconductors were the most invested sectors

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🏦 2/ US Politicians potential insider trading: Rep. Greg Landsman Reaps Gains with Strategic Investment in Arista Networks

A Democrat from Ohio, Rep. Greg Landsman has been actively involved in financial markets, with investments in 36 different issuers. Currently serving on the Small Business and Veterans’ Affairs Committees, he is recognized for his policy focus and fiscal insights. On August 14, 2024, he made a strategic move by purchasing shares of Arista Networks Inc. (ANET) at a price of $348.65 per share.

Arista Networks, based in Santa Clara, California, is a leading player in the networking space. The company specializes in designing multilayer network switches for software-defined networking, primarily serving large datacenters, cloud computing, and high-performance computing environments.

Since his purchase, the stock has surged by 11.35%, with the latest price reaching $388.21, providing a solid return on his investment. Rep. Landsman’s decision to invest in a tech leader like Arista highlights his savvy approach to capitalizing on technology-driven growth sectors.

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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: 

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📄 3/ Interesting stock market stories

STORY #1:  Pelosi's Visa Stock Sale: A New Chapter in Congressional Trading Controversy

Concerns about congressional stock trading have resurfaced, raising questions about whether lawmakers prioritize the public's best interests or their personal gain. Nancy Pelosi, former Speaker of the House and current California representative, is under renewed scrutiny due to her husband's recent financial actions.

Her latest financial disclosure reveals that Paul Pelosi sold over $500,000 in Visa stock on July 1, 2024, just three months before the U.S. Department of Justice filed antitrust charges against Visa. The company is accused of abusing its dominance in the debit card industry, following a DOJ investigation.

Court filings suggest that Visa used its market power to penalize customers and merchants who chose alternative payment services. Visa also allegedly pressured financial technology firms into compliance by threatening those who resisted.

This isn’t the first time the Pelosis have faced criticism over stock trades, with suspicions of insider trading following their financial activities. Nancy Pelosi has also resisted efforts to regulate stock trading by sitting members of Congress.

Following the DOJ lawsuit, Visa's stock price dropped by approximately 5.5%, intensifying scrutiny around the timing of Paul Pelosi's sale.

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

STORY #2: Energy Leaders Rebuke Biden Admin's Policies Amid Congress Trades

The Biden administration has prioritized sustainable energy in the U.S., with clean energy jobs growing by 4.5% and potential health benefits, such as preventing 200,000 pollution-related deaths. However, at the 2024 Gastech Conference on September 17, energy executives voiced concerns about the lack of a clear U.S. energy policy.

Key industry leaders, including Lorenzo Simonelli of Baker Hughes, Michael Wirth of Chevron, and Ryan Lance of ConocoPhillips, criticized the administration for delays in approving energy projects and slow permitting reforms. They argued that these issues hinder economic development and energy exports. Ryan Lance emphasized the need for reforms and better infrastructure to support energy exports.

At the same conference, Michael Wirth highlighted the role of natural gas in reducing carbon emissions, pointing out that switching from coal to gas could significantly lower global greenhouse gas levels. He cited International Energy Agency (IEA) data showing that coal combustion accounted for over a third of emissions in 2022.

The relationship between U.S. politics and the energy industry is evident in congressional trades involving Chevron and ConocoPhillips stocks. Lawmakers, including Rep. Michael McCaul and Sen. Tommy Tuberville, have made notable trades, reflecting the high stakes in energy policy and market dynamics.

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

• Rep. Michael McCaul (R-TX) made significant trades involving 6,006 issuers with a total volume of $621 million, as recently as August 2024. His activity included major stakes in various industries, highlighting his influential position in the market.

• Rep. Pete Sessions (R-TX) traded $4.57 million worth of stocks on September 16, 2024. Sessions has been actively involved in multiple large-scale trades, showing ongoing interest in diverse sectors.

• Rep. Marjorie Taylor Greene (R-GA) executed trades totaling $3.51 million, with her most recent being on September 20, 2024. Greene's transactions reflect her engagement in key financial decisions linked to significant market movements

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📄 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