CNBC’s new show, 'Last Call’, explores the business implications of stock-market headlines such as the SVB’s collapse and the trading activity of US politicians. Powered by Capitol Trades’ data, the debut episode delved into Congress Members’ defense stock trading amidst the Ukraine war.
Capitol Trades is the ultimate resource for tracking the trading activity of US politicians and lawmakers.
2iQ Research is excited to work alongside CNBC by providing powerful data and unique insight for ‘Last Call’. Right off the bat, our free-to-use platform has underpinned a pointed analysis of congressional trading linked to the war in Ukraine.
In this episode, The New York Times’s Kate Kelly joins host Brian Sullivan to hone in on the portfolio of Diana Harshbarger, a former Homeland Security Committee member, and current member Daniel Goldman. Since the war began, both have invested in security companies such as Lockheed Martin and Raytheon. 2iQ also reported on Lockheed Martin and the significant insider buying at the company in February 2023.
Last Call explores the recent performance of those trades and the solid financial backgrounds of these politicians. The show’s analysts also touch on the irony of these trades, as politicians such as Goldman are making significant investments despite campaigning against congressional trading.
Diana Harshbarger made around 41 trades in defense stocks – track the latest additions to her portfolio with Capitol Trades.
2iQ and Capitol Trades Data Utilized in Global Reporting
TipRanks regularly reports on politicians’ trading portfolios by tracking activity through Capitol Trades.
On March 24, 2023, Sheryl Sheth reported on the filings made by Republican Michael McCaul.
The politicians invested in ConocoPhillips (COP:US), Arista Networks (ANET:US), and PayPal Holdings (PYPL:US) in mid-February. The story covers the mild performance of the stocks in light of McCaul’s investment and also touches on the significant insider buying at PayPal.
Amidst the ongoing turmoil in the banking sector, Curtis sold shares of Bank of America (BAC:US) and First Republic Bank (FRC:US). Capitol Trades also published a report on the impact of FRC’s price fall.
Many companies, particularly in the technology and finance sectors, have experienced a wave of insider buying from company founders in recent months.
In a March 15, 2023 roundup of this insider buying wave, InsiderPlace referenced 2iQ’s insider transaction report on Shopify Inc (SHOP:US). In the report, we delved into the $10 million worth of stock purchased by the CEO and Founder Tobias Lütke.
Visit 2iQ’s blog for valuable insights into politician and insider trading activity.