Trend Signal Now: The Hot Corner: Rep. Vicente Gonzalez Reports a Large TSLA Purchase

Wednesday, March 19, 2025

A couple of big moves stand out today.

Lawmakers are jumping into once high-flying momentum names that have recently unwound.

We're also watching a near-million-dollar purchase in a Dow component that's just broken down technically, completing a short-term top.

Let's get into it:

📌 Tesla $TSLA

Rep. Vicente Gonzalez of Texas bought between $15,000 and $100,000 worth of $TSLA across two transactions.

It's a vote of confidence in the EV giant that has seen its share price tumble from record highs as controversy surrounds its figurehead, Elon Musk.

📌 Hims & Hers $HIMS

Rep. Tony Wield of Wisconsin also went on a shopping spree in $HIMS, investing somewhere in the vicinity of $250,000.

This health-focused company soared last year but has since pulled back sharply.

Here's The Hot Corner, with data from March 18, 2025:

Click the table to enlarge it.

📌 Home Depot $HD

Director Gregory Brenneman stepped in with an $HD purchase worth $999,767, a significant insider buy for this bellwether and DJIA component.

Despite recent technical weakness, an insider is clearly betting on a turnaround or long-term resilience.

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The Hot Corner Insider

Here's what's happening with The Hot Corner Insider:

We get together on Wednesdays for the Hot Corner Insider Weekly Strategy Session. And we compile the recordings from each and every one in the Strategy Session Archive.

Note that all actionable setups we discuss in The Hot Corner Insider are compiled on the Trade Ideas page.

And please reach out if you have any questions.

Alfonso Depablos | Senior Analyst, All Star Charts

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