Rep bought IBM at $302 on Jan 8. Jan 28: Earnings beat. Jan 29: Analyst sets $370 target. Filed in 7 days.
Freshman Rep. David Taylor (R-Ohio) bought IBM on January 8 at $302.72.
Filed it 7 days later (way faster than the 45-day requirement).
Here's what happened next:
**Jan 27:** Jefferies upgrades IBM from Hold → Buy, raises PT from $300 to $360
**Jan 28:** IBM beats earnings (revenue up 12%, AI growth accelerating)
**Jan 29:** Jefferies analyst sets $370 price target
**The timing:** Bought exactly 20 days before a publicly scheduled earnings date.
**The context:** This is his first month in office. He also sold semiconductor stocks (LRCX, AVGO) the same day and bought MSFT + PG.
Pattern = rotating out of cyclical tech into blue-chip names ahead of earnings season.
Is this just good fundamental analysis? Maybe. Earnings dates are public.
But the 7-day filing is interesting. Most members wait 30-45 days. He disclosed almost immediately.
Sources:
[https://probors.com/articles/c9fb0bb7-0674-4b69-2dee-08de627bc15d](https://probors.com/articles/c9fb0bb7-0674-4b69-2dee-08de627bc15d)
[https://finance.yahoo.com/quote/IBM/](https://finance.yahoo.com/quote/IBM/)