Here’s What Congress Has Been Trading

If you’re looking for trading opportunities, track Congress.

Granted, your elected officials don’t have to disclose what they bought for about 30 to 45 days after the transaction, per the STOCK Act. Oftentimes, they disclose sooner than that.

Part of the STOCK Act “Amends the Ethics in Government Act of 1978 (EGA) to require specified individuals to file reports within 30 to 45 days after receiving notice of a purchase, sale, or exchange which exceeds $1,000 in stocks, bonds, commodities futures, and other forms of securities and subject to any waivers and exclusions.”

You can read more about the Act here:
https://www.congress.gov/bill/112th-congress/senate-bill/2038

Since March, here are some of the biggest trades that were placed.

U.S. Rep, Doug Lamborn, for example, bought $97,502 worth of NetApp (NTAP) shares on March 20, 2024. Since then, the stock ran from about $102 to $108.50 so far.

U.S. Rep. Jonathan Jackson bought $75,000 worth of Applied Materials (AMAT) on March 13, 2024. At the time, AMAT traded at around $200. It’s now up to $209.73 and still pushing higher.

These transactions happen all the time.

And if you can spot the trades and the disclosure of trades in time, you could potentially make some good money. It’s just too bad we can’t buy something, and then make a major political statement that’s sure to send a stock higher.

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