Rep. Kevin Hern has announced his bid for Speaker of the House in light of Rep. Jim Jordan’s failure to secure enough support after facing betrayal from some RINOs.
In a statement, Hern, who sat on the Committee on Ways and Means, expressed a need to unify the party quickly and presented himself as a possible solution. However, reports have emerged that raise ethical questions regarding Hern’s stock holdings which have reportedly profited immensely from ongoing conflicts in Ukraine and Israel.
On social media, Rep. Hern made his case clear by emphasizing a need for “a different type of leader who has a proven track record of success.”
We need a different type of leader who has a proven track record of success, which is why I’m running for Speaker of the House. pic.twitter.com/updVLkDCGh
— Congressman Kevin Hern (@repkevinhern) October 20, 2023
As the Republican Party searches for new representatives, Rep. Kevin Hern’s ambition to ascend into a leadership position has been put under intense scrutiny due to his apparent profits from ongoing international conflicts.
According to Unusual Whales, a platform that specializes in providing financial support and market evaluation tools, Rep. Hern appears to be the main beneficiary of the current wars in Ukraine and Israel based on his stock ownership.
BREAKING: Kevin Hern has announced he is going to run for speaker of the House after Jim Jordan's attempt failed.
Kevin Hern currently is the Congressman who benefits most from the current wars in Ukraine and Israel, per his stock holdings.
Here are more of his unusual trades: pic.twitter.com/gPAEldgf0E
— unusual_whales (@unusual_whales) October 20, 2023
A report from the company alleges that Hern has a pattern of purchasing military stocks prior to influential news events. For instance, in August 2021, he invested in Lockheed Martin ($LMT).
Two weeks later, the aerospace firm was awarded a $10.9 billion Air Force contract. This timing and nature of these acquisitions have sparked a series of questions regarding the moral implications of such measures.
Kevin Hern has a tendency of buying military companies before news.
For example, Rep. Kevin Hern bought Lockheed Martin stocks back in August 2021.
He bought another $100k in $LMT just 2 weeks before Lockheed Martin won the $10.9 billion Air Force contract.
— unusual_whales (@unusual_whales) October 20, 2023
Rep. Hern has purchased stocks in organizations such as FS KKR Capital Corp. ($FSK), which lobbied Congress on taxation and Internal Revenue Code matters. Reportedly, Hern supported their efforts and profited 33.2% when he sold the stock.
Last month, he purchased stocks in Raytheon ($RTX), a weapons manufacturing company, prior to the intensification of tensions in the Middle East conflict between Israel and Gaza.
Additionally, Hern invested in energy stocks like NextEra Energy Inc ($NEE), Exxon Mobil Corp ($XOM), Pioneer Natural Resources Co ($PXD) and Devon Energy Corp ($DVN).
Kevin Hern also bought $RTX, Raytheon, a weapons manufacturer, last month, before the start of the Middle East Conflict with Israel and Gaza.
He also bought four energy stocks as well, $NEE, $XOM, $PXD, and $DVN, war beneficiaries.
— unusual_whales (@unusual_whales) October 20, 2023
Unusual Whales has reported that Rep. Kevin Hern has financial conflicts of interest beyond his stock holdings, such as receiving substantial lobbying from military companies and Political Action Committee (PAC) donations.
This dark money is notoriously difficult to trace.
A review of Rep. Hern’s trade history reveals further details regarding his financial interests.
Screenshot: Unusual Whales
ICYMI: Republicans Pivot To Backup Plan After Jordan Vote For House Speaker Fails Once Again
