New Partnership Alert: Quiver Teams Up with Stocktwits

September 27, 2024

PARTNERSHIPS
New Partnership with Stocktwits

Stocktwits is partnering with Quiver to shine light on Congressional stock trading

  • "Congressional Trade tracking has become highly topical with retail investors. In many cases, politicians have significantly outperformed key indices such as $SPY and $QQQ. We’re thrilled to partner with Quiver to share politicians’ holdings and portfolio updates in real-time with our entire audience."

    -Shiv Sharma, President & GM of Stocktwits

  • “We are thrilled to be partnering with Stocktwits to bring our data directly to their platform. We hope that this will provide their users with valuable trading insights, and also apply more pressure on Congress to pass ethics reform”
    -James Kardatzke, CEO of Quiver Quant

In today’s edition:

QUIVER STRATEGIES
Check out our top Performing Strategies

Each week, we are highlighting the top Quiver Strategies trending right now:

POLITICS
Last Week’s Congressional Trades

Insights from our Congress Trading Dashboard

Several members of Congress have already made millions of dollars in the stock market in 2024:

  • Representative Darrell Issa (R) has violated the STOCK Act with up to $175M worth of treasury bill trades. They were all disclosed over a year past the deadline. He will likely be fined less than a thousand dollars, based on historical enforcement of similar violations.

  • We posted 9/6/2024 about Representative Debbie Wasserman Schultz (D) buying stock in the Hecla Mining Company HL (up to $15k). This trade was notable because it’s the only trade made by her in months & the first time we have seen a politician trade HL in years. The stock has now risen 45% since the trade.

DATA ROUNDUP
Corporate PAC Spending this Election Cycle

Corporations spend hundreds of millions of dollars on election donations. They often donate to both sides, buying political favor. We've been writing code to collect data on this.

Here are some of the companies who have spent the most so far in the 2024 election cycle:


Recent Insider Purchases & Sales

  • Warren Buffet BRK.A continues selling Bank of America stock, going back as far back as 9/17/2024 and as recent as 9/23/2024, totaling $8.95B.

  • Charles B. Johnson former CEO of Franklin Templeton Investments bought nearly $3.9M worth of BEN in two purchases on 8/29/24 & 9/11/2024.

  • Equitable Holdings (Acquired by AXA Insurance) bought $17M in Alliance Bernstein. AB the investment management services company services both institutional, retail and private clients.

Insights from our Insider Trading Dashboard

NEWS
AI Boom Spurs Growth in Energy-Themed ETF

Thematic ETFs may have fallen out of favor in recent years, but the intersection of electrification and AI is sparking renewed interest in the sector. Issuer Global X recently filed for its U.S. Electrification ETF, targeting companies that meet growing electricity demands fueled by the artificial intelligence boom. This includes traditional energy firms, alternative energy providers, and companies building grid infrastructure. Similarly, Tema has introduced an ETF focused on firms tied to global electrification, underscoring the rising demand for power to support AI data centers and related technologies.

Tom Essaye, president of Sevens Report, likens the electrification trend to the gold rush, where those selling tools, or “picks and shovels,” reaped the most rewards. In this case, electricity companies are the critical players, powering the AI revolution as demand for data centers increases. Companies like Constellation Energy, which is investing $1.6 billion to revive the Three Mile Island nuclear plant to power Microsoft’s MSFT AI operations, exemplify how utilities are positioning themselves to benefit from AI’s massive energy consumption.