Update on our Lobbying Spending Strategy, WallStreetBets Discussion Data, and Last Week's Congress Trades

Last week we saw inflation reports come at higher-than-expected rates and a potential TikTok ban passage in the House overtake headlines. New trades were also reported by infamously successful congressional traders like Tommy Tuberville and Mark Green.

Here’s a snapshot of what we saw in some of our datasets last week:

LAST WEEK’S CONGRESSIONAL TRADES 

Insights from our Congress Trading Dashboard

• Representative William Keating filed 3 security sales, including Boeing (BA) which has dropped over 12% since. He also filed a purchase of TransDigm Group (TDG) which manufactures commercial and military aircraft parts. Keating sits on the Committee on Armed Services.

• Representative Mark Green filed a sale of NGL Energy Partners (NGL). Mark Green is the same congressman who saw 800% gains by trading Dogecoin.

• Senator Shelley Moore Capito filed purchases of Starbucks (SBUX) and drug company Zoetis (ZTS). She also filed sales of Medtronic (MDT) and Becton Dickinson (BDX). She sits on the Committee on Appropriations Subcommittee on Health and Human Services.

• Senator Tommy Tuberville filed 5 security purchases including biotech company Humacyte (HUMA) and Star Bulk Carriers (SBLK). He also filed sales of Applied Materials (AMAT) and Qualcomm (QCOM).

• Senator Rick Scott filed sales of 8 muni bonds worth over $2 million and purchases of 4 worth over $1.5 million. Scott sits on the Committee on Homeland Security and Government Affairs.

To see more details about their trades, and how they’ve performed since, check out our Congress Trading Dashboard. 

WALLSTREETBETS DISCUSSION DASHBOARD

Insights from our WSB Discussion Dashboard

WallStreetBets is a community on Reddit where participants discuss stock and option trading. By parsing discussion on this forum, we can track which companies retail investors mention the most, and the sentiment of the discussion around each ticker.

The WSB Dashboard gives you access to multiple datasets and data visualizations, including but not limited to the most-mentioned tickers, puts/calls mentions ratios, and trend maps.

NVDA has been the center of focus in the WSB discussion recently, and we can see that it is significantly outperforming second runner-ups (TSM and SPY) in associated relevancy with this scraped data. Looking at the trend map, NVDA makes up a large percentage, however, this hold is currently down 21%.

The WSB dataset also shows you a ticker’s movement vs. its mentions, as well as short activity and a consistently updated “last 24 hours” highlight.

Check out the dashboard for a full breakdown. 

LOBBYING SPENDING GROWTH STRATEGY

Insights from Quiver Strategies 

This strategy takes an equal-weighted position in 10 publicly-traded companies that disclosed the most Quarter-over-quarter growth in U.S. federal lobbying expenditures, rebalanced monthly.

Out of all of Quiver’s long-term backtested strategies, this one has seen dramatic successes post-Covid with a CAGR of 27.75%.

To check out the positions in this strategy or automate into your own portfolio, check out Quiver Premium. 

AIRLINES WARN OF CAPACITY CRUNCH AMID ONGOING BOEING SAFETY CRISIS

Insights from the Quiver News Feed

The U.S. airline industry is facing mounting challenges due to further jet delivery delays from Boeing (BA), raising concerns over their capacity expansion plans amid a safety crisis. This development has led to a decrease in airline shares, with significant implications for the industry's ability to meet surging travel demand. United Airlines (UAL) CEO Scott Kirby expressed concerns at a J.P. Morgan (JPM)-organized conference, noting substantial delays in Boeing deliveries and the uncertain certification timeline for the MAX 10 model. This uncertainty has prompted United to consider purchasing more A321neo jets from Airbus, the only other significant commercial aircraft manufacturer globally, to compensate for potential shortfalls.

Southwest Airlines (LUV) has also been significantly impacted by Boeing's ongoing issues. The airline expects 42% fewer MAX deliveries this year than initially anticipated, leading to a likely reduction in its 2024 capacity. This revision marks the second time this year that Southwest has had to adjust its delivery forecast, with the company's shares falling by 14.6%. Boeing has informed Southwest to expect 46 jets in 2024, all MAX 8 variants, down from the previously expected mix of 79 jets, including the MAX 7 version.

Continued on our News Feed.