This week in power × markets

the briefing · 2026-11-09

Defense and federal-contract names dominate this week's overlap map, with $BA and $ACN each drawing policy signals and double-digit disclosed trades from members of Congress and executive-branch filers alike — while Big Tech remains the crowded trade on the Hill.

• $ACN leads the convergence board on filer count: 9 members of Congress and 1 executive-branch filer disclosed 11 buys and 12 sells in a ticker carrying a Federal Contract signal; $BA shows 7 members of Congress and 1 executive-branch filer across 13 buys and 12 sells, with both Federal Contract and USTR signals attached.
• $AAPL is the most traded name in Congress year to date — 20 members of Congress, 17 buys / 17 sells, 7 committee overlaps (members trading a sector their committee oversees) — followed by $MSFT (18 members, 27 buys / 27 sells, 10 overlaps) and $NVDA (15 members, 13 buys / 21 sells, 3 overlaps). In notable filings, a Nancy Pelosi (House) disclosure lists a Spouse-owned $AAPL sale of $5M–$25M; a Chip Roy (House) disclosure lists a Spouse-owned $AESI purchase of $5M–$25M.
• $GILD sits on both sides of the ledger: 2 members of Congress and 1 executive-branch filer disclosed 11 buys and 3 sells against FDA and Insider Trades signals, and Form 4s filed 2026-11-06 report 2 open-market sales by Chairman & CEO Daniel Patrick O'Day totaling roughly $19.7M (shares × reported price, unverified).
• Elsewhere in Form 4s filed 2026-11-06: Platinum Equity, LLC reported a single open-market $INGM sale of about $325.8M, American Express Chairman and CEO Stephen J. Squeri reported 4 $AXP sales totaling about $99.4M, and Baker Bros. Advisors LP went the other way with about $35.0M of $MDGL and $24.3M of $KOD purchases — all shares × reported price, unverified.

Get this every Monday →