Top Stocks, Sectors Loved By Congress Members Who Traded In 2023: Apple, NVIDIA, Microsoft, Ford And More Stocks To Watch In 2024
Portfolio Pulse from Chris Katje
A report by Unusual Whales revealed that 32 members of Congress outperformed the S&P 500 in 2023, with top sectors traded including Technology, Energy, Healthcare, Consumer Defensive, and Financial Services. The report also highlighted top stocks bought and sold by Congress members, with ETFs NANC and KRUZ allowing investors to follow their trades. Top stocks bought included AAPL, MSFT, and F, while top stocks sold included MSFT, META, and NVDA.
January 03, 2024 | 4:29 pm
News sentiment analysis
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NEGATIVE IMPACT
Meta Platforms was among the top stocks sold by Congress, potentially reflecting concerns about the company's future.
The sale of Meta Platforms by Congress members could indicate skepticism about the company's outlook, possibly affecting investor sentiment negatively.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
NVIDIA Corporation was among the top stocks sold, which may suggest a cautious stance on the semiconductor industry.
The sale of NVIDIA shares by Congress members might reflect concerns about the semiconductor industry or the company's position within it.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 70
NEUTRAL IMPACT
Microsoft Corporation appeared on both top stocks bought and sold by Congress, indicating mixed sentiment.
The presence of Microsoft on both the bought and sold lists suggests uncertainty or diverse strategies among Congress members, leading to a neutral impact.
CONFIDENCE 70
IMPORTANCE 75
RELEVANCE 90
NEUTRAL IMPACT
32 members of Congress outperformed the S&P 500, tracked by SPY, indicating active trading strategies.
While the outperformance of Congress members is notable, it does not directly impact the SPY ETF, which remains a broad market indicator.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Apple Inc was among the top stocks bought by Congress members, indicating confidence in the company's performance.
Being a top stock bought by Congress members suggests a positive outlook on Apple's future, potentially influencing investor sentiment.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Ford Motor Company was among the top stocks bought by Senate members, indicating a positive outlook for the auto industry.
Senate members' investment in Ford suggests confidence in the company's prospects, which could influence investor sentiment positively.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
The Unusual Whales Subversive Republican Trading ETF (KRUZ) offers a way to invest alongside Republican Congress members.
KRUZ ETF's focus on Republican Congress members' trades could draw investor interest, especially given the reported outperformance.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
The Unusual Whales Subversive Democratic Trading ETF (NANC) allows investors to follow trades by Democratic Congress members.
The creation of NANC ETF provides investors with a new avenue to mirror the trading patterns of Democratic Congress members, potentially attracting interest.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90