A member of Congress just made his first stock trades since February, and the moves read like a small thesis on where the consumer is headed. Rep. Scott Franklin (R-Fla.) sold some Magnificent Seven names and rotated into the kind of companies that sell you fries and soda.

Out With Tech, In With Staples

Among the transactions disclosed were:

• Aug. 20: Sold $1,000 to $15,000 in Apple Inc. (AAPL) stock
• Aug. 20: Sold $1,000 to $15,000 in Alphabet (GOOG) stock
• Aug. 20: Sold $1,000 to $15,000 in Alphabet stock
• Aug. 26: Bought $1,000 to $15,000 in McDonald's Corp. (MCD) stock
• Aug. 26: Bought $1,000 to $15,000 in PepsiCo (PEP) stock
• Aug. 26: Bought $1,000 to $15,000 in PepsiCo stock

Put it together and you get a switch from Magnificent Seven and big technology names to consumer goods like PepsiCo and McDonald's, a top restaurant.

The moves may be risky given the rising inflation and higher consumer costs on goods at McDonald's and from PepsiCo. Franklin's timing may indicate he thinks the worst of inflation is behind consumers and that the companies could be winners moving forward.

Franklin also sold JPMorgan (JPM) stock and bought shares of Accenture (ACN) and Novo Nordisk (NVO).

Franklin's Trading History

As mentioned above, these were the first disclosed transactions by the congressman since February, but are certainly not among his first overall.

Franklin has made 290 stock trades totaling $80.9 million since 2021, according to data from Quiver Quantitative.

The majority of that trading occurred in 2021, totaling $62.1 million.

Last year, Franklin bought and sold $4.8 million in shares. This year, the total is around $187,000.

In recent years, Franklin has been selling more than buying, which could indicate profit-taking, bearishness, or tax-related activity.