š Pay attention to what congress is investing inĀ
As tensions escalate betweenĀ IsraelĀ and the Hamas group, it has been revealed US congressional leaders have been making some strategic investment moves intoĀ military-related stocks.
For starters, defense companyĀ General DynamicsĀ (NYSE:Ā GD) has witnessed a surge in purchases. This isnāt entirely unexpected; defenseĀ stocksĀ often become attractive during times of geopolitical tension. Remember the Ukrainian war? We saw a similar trend then.
However, whatās even more intriguing is the sectoral split between Republicans and Democrats. A substantial number of Republicans have shown a keen interest in the energy sector. Heavyweights like Exxon Mobil (NYSE:Ā XOM), Devon Energy (NYSE:Ā DVN), and Chevron (NYSE:Ā CVX) are clearly the favorites.Ā
On the other side of the aisle, Democrats seem to be playing the long game, focusing on the cybersecurity sector with acquisitions in firms like Fortinet (NASDAQ:Ā FTNT), according toĀ insightsĀ byĀ @unusual_whalesĀ onĀ XĀ (formerly Twitter) on October 9.
Now, thereās no ignoring the fact that these companies lobby Congress with gusto. Lobbying, in many ways, serves as an avenue for corporations to communicate their perspective and interests to policymakers.
Taking a closer look, some of the notable members whoāve entered the fray include Republicans Michael McCaul (Texas), Kevin Hern (Oklahoma), and Michael Guest (Mississippi), with the latter acquiring up to $15,000 of XOM in August. Among Democrats, Fankel (Florida), Richard Larsen (Washington), and Walter Schrader (Oregon) stand out.
The market is a reflection of geopolitical events, and those with the right foresight can harness its potential. As they say, itās about ābuying the rumor and selling the news.ā Congressional moves, while subject to scrutiny, can often offer a finger on the pulse of where the āsmartā money might be heading.
In the world of stocks, information is power. The key is knowing how to interpret it.
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