In the NFL, betting on league games gets you a suspension.
In Congress, betting on companies you directly oversee apparently gets you an ethics chairmanship.
That’s how it would appear, since Ethics Committee Chairman Michael Guest has actively traded energy stocks while in Congress.
He bought Permian Resources back in August…
Two weeks before the company made a strategic acquisition.
Source: Yahoo Finance
The stock is currently up about 12%.
Now, this deal had to get cleared by the federal government. Which means Congressman Guest very likely knew about this merger, and bought in two weeks before the deal cleared.
Of course, this is nothing new.
But just because we don’t enjoy the same advantages the Guests and Pelosis of the world do doesn’t mean we can’t play the same game.
A Secret to Picking Stocks Like Congress
For instance, we found a company called Kodiak Gas Services that saw a flurry of insider buys.
That was unusual because it was a recent IPO, and you don’t often see insiders buying right after a public offering – they’re normally selling.
As of this writing, we’re up 21% on this stock after four months in the trade.
In fact, it’s hitting all-time highs while crude is nearing multi-year lows. Check it out:
That’s not the only energy play in our insider portfolio, either.
The insiders have shown a real appetite for this stock through 2023, and it’s set to break out to new all-time highs as well.
This one is still an active buy in our model portfolio… along with several other stocks being quietly gobbled up by insiders.
If you’re wondering how this is all legal… and what kind of record we’ve seen over the long term with this strategy…
Original Post Can be Found HERE