Want to know what stocks members of Congress are buying? Recent disclosures reveal some interesting trends over the past 90 days. Here’s a detailed look at the top 5 stocks attracting attention from our elected officials:
1. Microsoft (MSFT)
- Estimated total value: $3,024,000
- 4 trades by 3 Congress members
Notable Purchases:
- Rep. Josh Gottheimer (D-NJ): $1M – $5M on 5/14/2024
- Sen. John Boozman (R-AR): $1K – $15K on 6/20/2024
- Sen. Sheldon Whitehouse (D-RI): $1K – $15K on 6/13/2024
2. NVIDIA (NVDA)
- Estimated total value: $3,024,000
- 4 trades by 4 Congress members
Key transactions:
- Rep. Nancy Pelosi (D-CA): $1M – $5M on 6/26/2024
- Rep. Josh Gottheimer (D-NJ): $1K – $15K on 6/28/2024
- Rep. Morgan McGarvey (D-KY): $1K – $15K on 5/31/2024
3. Broadcom (AVGO)
- Estimated total value: $3,008,000
- 2 trades by 2 Congress members
Significant buys:
- Rep. Nancy Pelosi (D-CA): $1M – $5M on 6/24/2024
- Rep. Josh Gottheimer (D-NJ): $1K – $15K on 6/28/2024
4. Intel (INTC)
- Estimated total value: $425,000
- 3 trades by 1 Congress member
All purchases by Sen. Tommy Tuberville (R-AL):
- $100K – $250K on 5/7/2024
- $100K – $250K on 5/8/2024
- $50K – $100K on 5/9/2024
5. Formula One Group (FWONK)
- Estimated total value: $350,000
- 2 trades by 1 Congress member
Both purchases by Sen. John W. Hickenlooper (D-CO):
- $100K – $250K on 5/20/2024
- $100K – $250K on 6/3/2024
Key Observations:
- Tech dominance: 4 out of 5 top stocks are in the tech sector
- Bipartisan interest: Both Republicans and Democrats are buying these stocks
- Big bets: Million-dollar trades in MSFT, NVDA, and AVGO by Reps. Gottheimer and Pelosi
- Consistent buying: Some members made multiple purchases of the same stock
- Diverse price points: Trades range from $1K to $5M, showing varied investment strategies
What This Means:
While Congressional stock trades can offer interesting insights into potential market trends, it’s crucial to remember that these officials may have access to information not available to the general public. Their trades should be viewed as one of many factors in your investment research, not as direct advice.
Remember: Always conduct thorough research and consider consulting with a financial advisor before making investment decisions. The stock market involves risks, and past performance doesn’t guarantee future results.
