Nancy Pelosi Loads Up On More Nvidia Shares, Sells Tesla: 'She Always Reports Right Before A Holiday'
Portfolio Pulse from Chris Katje
Nancy Pelosi disclosed several stock trades ahead of the Fourth of July holiday, including buying call options in Broadcom, purchasing shares in Nvidia, and selling shares in Tesla and Visa. The timing of these trades has drawn scrutiny, and ETFs tracking congressional trading activity have gained interest.
July 03, 2024 | 2:14 pm
News sentiment analysis
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NEGATIVE IMPACT
Nancy Pelosi sold 2,500 shares of Tesla, with a sale size between $250,000 to $500,000.
The sale of Tesla shares may indicate a less optimistic outlook, potentially leading to a short-term negative impact on the stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Nancy Pelosi sold 2,000 shares of Visa, with a sale size between $500,000 to $1 million.
The partial sale of Visa shares might suggest a reallocation of assets, potentially leading to a short-term negative impact on the stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
The Series Portfolios Trust Unusual Whales Subversive Republican Trading ETF tracks the trading activity of Republican members of Congress.
The ETF's performance is indirectly related to the trading activities of Congress members, making it a neutral impact in the short term.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
The Series Portfolios Trust Unusual Whales Subversive Democratic Trading ETF tracks the trading activity of Democratic members of Congress.
The ETF's performance is indirectly related to the trading activities of Congress members, making it a neutral impact in the short term.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Nancy Pelosi bought 20 call options in Broadcom with a strike price of $800, expiring in June 2025.
The purchase of call options suggests a bullish outlook on Broadcom's stock price, potentially driving short-term positive sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Nancy Pelosi purchased 10,000 shares of Nvidia on June 26, with a purchase size between $1 to $5 million.
The significant purchase of Nvidia shares indicates confidence in the company's future performance, likely leading to a short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90