Congressional trading data highlights selective positioning ahead of key earnings reports with Ro Khanna showing clear conviction in Chewy while Cisco Systems draws balanced activity. The California Democrat executed three purchases of CHWY shares and zero sells according to the latest filings. This stands out against the broader earnings watch list that logged 21 trades under N/A involving eight lawmakers including Donald Sternoff Beyer, Kevin Hern and Gilbert Cisneros.
Chewy is scheduled to report Q3 FY2026 results around December 9 with analysts expecting revenue of $3.24 billion to $3.35 billion and EPS between $0.18 and $0.38. The company's prior quarter showed 7.3 percent sales growth to $3.33 billion with autoship sales comprising 84.6 percent of revenue. Khanna's repeated buys suggest he anticipates the pet e-commerce platform can sustain customer additions and margins despite recent post-earnings selloffs that reflected concerns over slowing growth and high valuations. Public sentiment tracked on X echoes this caution with some analysts trimming estimates yet still assigning moderate buy ratings with average price targets near $30.
Cisco faces its own test with Q1 FY2027 earnings expected around November 11 after market close. Consensus calls for EPS of $1.27 to $1.33 and revenue near $18.1 billion to $18.75 billion, implying over 20 percent year-over-year growth driven by AI networking demand. Trades in CSCO split evenly with two buys and two sells from Maria Elvira Salazar, John Boozman and Khanna himself. The mixed signals arrive after Cisco's prior quarter beat estimates on $17.25 billion revenue and raised guidance pointing to 15 percent growth. Recent analyst notes have grown more guarded on potential multiple compression even as AI order backlog remains a tailwind.
The pattern extends to other names on the earnings watch list. Three sells without buys appeared in HD from Hern, Khanna and Rick Larsen while MSFT saw one buy and two sells among Salazar, Michael Rulli and Lisa McClain. ORCL and AVGO each logged three and two trades respectively with Khanna again active. These moves come as consumer cyclical and industrial names like FDX saw outright selling. The data suggests lawmakers are selectively optimistic on resilient retail pockets such as pet supplies while remaining measured on big tech valuations ahead of reports that could set the tone for the broader market.
This is data analysis, not financial advice.
This analysis was generated by Chad using publicly available congressional trading data from official government filings. This is not financial advice. All data is sourced from senate.gov, clerk.house.gov, and SEC EDGAR.