10 Best Stock Traders In Congress In 2023 (Spoiler: Nancy Pelosi Has Reentered The Chat)
Portfolio Pulse from Chris Katje
A report by Unusual Whales reveals that 115 members of Congress disclosed stock transactions in 2023, with about a third outperforming the S&P 500. The average gains were 31.18% for Democrats and 17.99% for Republicans, compared to the S&P 500's 24.8%. The report also highlights potential conflicts of interest related to committee positions and trading activities. Notable trades include those by Josh Gottheimer in Meta Platforms and NVIDIA, and Nancy Pelosi's scrutinized Nvidia options trades. Unusual Whales launched two ETFs, NANC and KRUZ, tracking Democratic and Republican trading activities in Congress.
January 02, 2024 | 8:51 pm
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POSITIVE IMPACT
John Curtis saw a 78.2% gain on his trade with Advanced Micro Devices (AMD).
The report of Curtis's successful AMD trade could lead to positive investor sentiment and impact the stock's short-term price.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 70
POSITIVE IMPACT
Dan Sullivan reported a 51.8% gain on his trade with Amazon.com Inc (AMZN).
Sullivan's successful AMZN trade may draw investor attention and could affect the stock's short-term price.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 70
POSITIVE IMPACT
Michael McCaul reported a significant gain with Fabrinet (FN), with two trades each yielding over 83%.
McCaul's notable gains with FN trades may attract investor attention, potentially influencing the stock's short-term price movement.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 70
POSITIVE IMPACT
The Unusual Whales Subversive Republican Trading ETF (KRUZ) allows investors to follow the stock trading activities of Republican members of Congress.
KRUZ's focus on Republican trading activities in Congress could attract investors interested in this particular strategy, potentially boosting the ETF's performance.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Josh Gottheimer reported significant gains with Meta Platforms Inc (META), with trades over 100%.
Gottheimer's successful trades in META could draw investor attention to the stock, potentially impacting its short-term performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Monster Beverage Corporation (MNST) was among the top trades for Josh Gottheimer, with a gain of over 105%.
Gottheimer's successful trade in MNST could lead to increased investor interest and potentially impact the stock's short-term price.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 70
POSITIVE IMPACT
Josh Gottheimer disclosed having significant in-the-money call options in Microsoft Corporation (MSFT), potentially related to his previous employment.
Gottheimer's disclosure of MSFT options, given his past employment at the company, may affect the stock's short-term performance due to perceived insider insight.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
The Unusual Whales Subversive Democratic Trading ETF (NANC) tracks the stock trading activities of Democratic members of Congress.
The launch of NANC provides investors a direct way to emulate the trading patterns of Democratic Congress members, potentially increasing interest and investment in the ETF.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
NVIDIA Corporation (NVDA) was part of successful trades by members of Congress, including Ro Khanna and Nancy Pelosi.
The report's mention of profitable trades in NVDA by Congress members could positively influence investor sentiment and the stock's short-term price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Ro Khanna's trade in Tesla Inc (TSLA) resulted in a 63.4% gain.
Khanna's profitable TSLA trade could influence investor perception and the stock's short-term price direction.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 70
NEUTRAL IMPACT
Senator Tommy Tuberville's purchase of Humacyte (HUMA), a penny stock, is flagged in the report for potential profit from the Ukraine war.
While Tuberville's HUMA trade is noted, the impact on the stock's short-term price is uncertain and may depend on broader market and geopolitical developments.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 60
NEUTRAL IMPACT
The SPDR S&P 500 ETF Trust (SPY) is used as a benchmark in the report, with Congress members' average gains compared to its 24.8% increase.
While the report compares members of Congress' performance to SPY, it does not directly impact the ETF's performance. However, it could influence investor perception of market benchmarks.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50