Good Evening,
I know that I sent this first part last Tuesday, but I want to keep reminding you of the re-brand!
My name is Matt Allen, and our team at Grit Capital has re-branded this newsletter into a newsletter that tracks congressional stock trades, government contracts, and lobbying deals every Tuesday.
Congress keeps trading stocks on inside information that is not available to the average person. They are becoming millionaires when they are supposed to be working for me and you. The entire mission behind this “Follow The Money” newsletter is to help level the playing field between the average person and the insiders in Washington DC.
We are also launching a paid subscription where subscribers also receive two deep-dive investigations every month into stocks that Congress has been buying. The companies that are featured will have a track record of congress buying the stock along with government lobbying and/or government contracts. These investigations are published on the first and third Thursday of the month at 9:00 am.
I look forward to getting to know each of you, and it is time that we level the playing field for the average investor!
Hunter Biden, the son of President Joe Biden, has plead guilty to 3 federal counts that include tax evasion and gun charges. He will more than likely not face any type of serious punishment besides public embarrassment.
Secretary of State Anthony Blinken has said that the Biden Administration do not support Taiwan independence on his trip to China.
A submarine that was sent out to explore the Titanic has gone missing.
The White House has said that decisive action will be taken on Artificial Intelligence in the coming weeks.
New Congressional Stock Trades
Notable stock trades by members of congress in the past week include:
Congressman Michael Garcia (R) has sold $115,000 worth of Tesla stock.
Senator John Hickenlooper (D) has sold $250,000 worth of American Tower Corporation
Senator Tommy Tuberville (R) has purchased $25,000 worth of NU Holdings.
Congressman Robert J. Whitman (R) purchased between $1,000-$15,000 worth of JP Morgan Chase stock.
Congressman Michael Burgess (R) has sold $15,000 worth of Blackstone
Congressman William Keating (D) has purchased $10,000 worth of Mckesson stock.
Congressman Zoe Lofgren (D) sold between $15,000-$50,000 worth of Bank of America stock
Congressman Kevin Hearn (R) purchased $25,000 worth of Accenture stock.
Congressman Katherine Clark (R) sold $30,000 worth of Warner Brothers stock.
Congressman Jonathan Jackson (D) purchased $50,000 worth of BP stock.
Data for this section is provided by www.quiverquant.com
Government Contracts
Notable government contracts to publicly traded companies in the past week:
Aecom was awarded a contract by the Department of Homeland Security.
Aecom was also awarded a contract by the Department of Interior.
Faro Tech was awarded a contract by the Department of Agriculture.
Pitney Boes was awarded a contract by the Department of Agriculture
The Southern Company was awarded a contract by the Department of Justice.
Edwards Lifesciences was awarded another contract by the Department of Veterans Affairs for medical devices.
Ford was awarded a contract by the General Services Administration. Data for this section is provided by www.quiverquant.com
Government Lobbying
The leaders in Government Lobbying over the last 90 days:
Occidental Petroleum ($8.5 Million)
Abbott ($6 Million)
Amazon ($5.5 Million)
The Southern Company ($5 Million)
Comcast ($4.8 Million)
Huntington Ingalls ($4.7 Million)
Visa ($4.7 Million)
Bank of America ($4.6 Million)
Meta ($4.5 Million)
Altria Group ($4.5 Million)
If you have any questions, feedback, or just wanna say hey, email me at mallen@gritcap.io
Stay Gritty,
Matt Allen
P.S. Follow along on Instagram, TikTok and Twitter for more recommendations, inspiration, and giveaways.
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