In recent days, you may have heard about the trades made by Paul Pelosi, the husband of Congressional Representative Nancy Pelosi. On two different dates, February 12 and February 21, Mr. Pelosi purchased call options on Palo Alto stock. The Congresswoman disclosed the trades on February 23, 2024.
Both trades were placed before Palo Alto's fourth-quarter earnings report, which was delivered on February 22, 2024. The first of those trades was placed after members of Congress were briefed on a "serious national threat."
PANW stock is up 12% since earnings.
Is it insider trading? That's a difficult claim to prove. But if you take politics out of it (which can be tricky), an evergreen truth comes from this activity.
Investors, even members of Congress, sell stocks for various reasons that have nothing to do with the fundamentals of a particular company. However, generally speaking, they only buy stocks for one reason. They anticipate the stocks will go up.
There are a few ETFs within the list of top Congressional Buying stocks. For the purposes of this presentation, we'll stick to individual stocks. Here are seven stocks that have seen the most buying from members of Congress in the last 90 days.
Click the "Continue to Slide #1" button to view the first company.
