HomeMarket NewsAn Inside Peek: 3 Stocks Congress is Banking On

An Inside Peek: 3 Stocks Congress is Banking On

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As the financial landscape evolves, regular investors find it increasingly effortless to align their investments with those of Congress. With the advent of numerous ETFs monitoring Congressional activities, tracking their stock portfolio movements has become more accessible.

While some may argue that lawmakers hold an unfair advantage in the stock market, retail investors are not privy to the exact timing of Congressional trades due to the STOCK Act’s disclosure window of 30 to 45 days. Nonetheless, meticulous scrutiny of various ETF holdings offers valuable insights into the stock choices embraced by Congress.

Amidst this backdrop, it appears that the stocks favored by members of Congress are riding the wave of the tech rally.

Intel Corporation (INTC)

Close up of Intel (INTC) sign at entrance of The Intel Museum in Silicon Valley. Intel is an American multinational corporation and technology company.

Source: JHVEPhoto / Shutterstock.com

Intel (NASDAQ:INTC) emerges as the premier holding in the Unusual Whales Subversive Republican trading ETF (BATS:KRUZ). The grandiose interest displayed by Republicans in Intel positions this stock as a compelling choice for ordinary investors to consider.

Recent sentiments surrounding Intel have undergone a recalibration. A month back, the company posted mixed results, with a robust fourth-quarter performance but a somber first-quarter outlook leading to a price dip from $50 to $43.

Despite the volatility, Intel stands strong as the overarching asset in the mentioned ETF. The fervor surrounding the stock revolves around domestic efforts and the drive to establish foundry services within the U.S. Detaching the semiconductor industry from China has become a focal point for Republicans, bolstering attention on Intel, a beneficiary of such endeavors. This narrative alone is a compelling reason to dive into Intel at this juncture.

Microsoft Corporation (MSFT)

Microsoft logo close up. Microsoft (MSFT) Flagship Store Fifth Avenue, Manhattan, NYC.

Source: The Art of Pics / Shutterstock.com

Microsoft (NASDAQ:MSFT) stands as the pinnacle stock holding in the Democrat-oriented Unusual Whales Subversive Democratic trading ETF (BATS:NANC).

Consensus views unanimously endorse Microsoft as a robust investment avenue presently. The tech giant’s trajectory has been consistently upward, especially in the realm of artificial intelligence. Microsoft’s investment in OpenAI has reaped significant rewards.

Furthermore, its fundamentals are on an upward spiral, a direct result of its AI initiatives. Revenue surged by 18% in the latest quarter, with impressive performances in data center investments and cloud advancements. Azure revenues surged by 30%, eclipsing overall growth substantially.

Despite a few hiccups in its AI projects like concerning reports of ChatGPT responses, Microsoft is poised to overcome these challenges and continue thriving. It remains a highly revered stock among investors and Congress alike.

Nvidia Corporation (NVDA)

Nvidia’s Dominance in the Stock Market Landscape

Nvidia’s Dominance in the Stock Market Landscape

The Unstoppable Rise of Nvidia Stocks

When you think of a powerhouse in the tech stock realm, Nvidia (NASDAQ:NVDA) inevitably comes to mind. It’s no wonder this titan occupies a coveted spot among the top 10 holdings in major ETFs. A darling of Congressional members from both sides, Nvidia’s exceptional returns are a siren call that few can resist.

Surging Ahead in 2024

As the year unfolds, Nvidia shows no signs of slowing down. Its stock prices have catapulted from $500 to a staggering $875, a testament to its unrelenting ascent. The market cap surge has propelled Nvidia into the rarefied $2 trillion club, a milestone eclipsing the entire GDP of Canada. The sheer magnitude of Nvidia’s market presence is enough to give even seasoned investors pause.

Power Dynamics in Investments

Characterized by an insatiable hunger for power, Congress members are not shy about their investment choices. It’s hardly surprising that the stock portfolios of both political aisles are heavily laden with Nvidia shares. In the cutthroat world of stocks, power speaks volumes, and Nvidia’s prowess commands attention.

On the date of publication, Alex Sirois did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

Alex Sirois is a freelance contributor to InvestorPlace whose personal stock investing style is focused on long-term, buy-and-hold, wealth-building stock picks. From e-commerce to translation to education, and leveraging his MBA from George Washington University, he intertwines a myriad of skills to craft insightful narratives.

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