Market Commentary

Strategic Stock Moves Highlight Susie Lee's Financial Acumen

Namra Pervaiz
6 Jun 2024 · 1 minute read

Currently serving her third term as the U.S. Representative for Nevada's 3rd Congressional District, Susie Lee has disclosed significant stock trades in the defense sector. Additionally, she serves as Vice Chair of the bipartisan Problem Solvers Caucus.

Before her congressional role, Rep. Lee was the founding director of the Inner-City Games in Las Vegas and president of Communities In Schools of Nevada. Her diverse background in community organization and leadership complements her recent financial maneuvers.

In her latest financial disclosure, Rep. Lee reported purchasing shares in Rheinmetall AG (RNMBY:US) on May 10, 2024. The investment, valued between $1,001 and $15,000, was made just four days before Rheinmetall's robust quarterly report.

The Q1 2024 report highlighted a 16% sales increase to €1.6 billion, a 60% rise in operating earnings to €134 million, and a significant order backlog growth from €28.2 billion to €40.2 billion.

Rheinmetall's strong performance was further underscored by a major €300 million order for artillery ammunition from a NATO customer, emphasizing the company's dominant position in the defense market and high customer confidence. The timing of Rep. Lee's purchase, coinciding with Rheinmetall's positive market movements, suggests strategic financial insight.

Interestingly, Rep. Daniel S. Goldman sold between $1,001 and $15,000 of Rheinmetall shares in late 2023, before the company’s significant growth, highlighting the varied investment strategies among public officials.

The precise timing of Rep. Lee's trades raises questions about whether these moves were based on strategic planning or fortuitous timing. Regardless, her actions demonstrate a keen awareness of market trends and potential profit opportunities.

These financial disclosures offer a glimpse into Rep. Lee’s investment strategy, contributing to the transparency expected of public officials and underscoring her adeptness in financial matters.