The heightened scrutiny of politicians’ stock market activities – which some consider to be blatant examples of insider trading – has led to a curious side effect of regular investors seeking to track and copy elected officials’ trades.
Looking at the stock-picking track records of many a congressperson or senator, the strategy hardly looks surprising given that many of them have, for example, recorded triple-digit return rates in 2023 alone.
Few among the politician-traders, however, are as prominent and successful as the former Speaker of the House, Representative Nancy Pelosi, who is estimated to have made $5 million trading last week and, according to a recent X post, nearly $7 million so far in May.
Picks for you
With her proven and spectacular ability to find winning companies, Finbold decided to take a look at some of the best stocks in the Pelosi portfolio.
Nvidia (NASDAQ: NVDA)
One of her largest investments in recent months, along with the lackluster Palo Alto (NASDAQ: PANW) bet, and a wildly successful one at that, is Nancy Pelosi’s November 22 purchase of Nvidia (NASDAQ: NVDA) call options worth up to $5 million at the time.
Though the shares of the semiconductor giant have risen significantly since the final quarter of 2023, NVDA remains generally a strong buy and a firm expected to continue growing ever larger.
Provided analysts are correct in their rating of Nvidia as an overall ‘strong buy’ with a potential upside of over 50% and a price target reaching as high as $1,400, May might be an excellent month to take a long position.
Though the blue-chip chipmaker has seen a massive surge in 2024 in general, its more recent performance has been slower, though still positive. As things stand, since the year started, NVDA rose 89.26% but is up only 6% in the last 30 days.
Nvidia price today, at the time of publication, stands at $911.65.
Apple (NASDAQ: AAPL)
The technology giant Apple (NASDAQ: AAPL) is an older investment of Nancy Pelosi, but one that has served her – and other prominent investors who put faith in it – well historically.
Apple is also in a peculiar position in 2024 as it spent much of the first quarter declining on fears about falling sales in China, and its apparent inability to keep pace with the ongoing artificial intelligence (AI) boom.
The big tech firm has, however, recently received significant tailwinds with its latest earnings report and call and has entered into a decisive recovery.
Apple’s recent agreement with OpenAI – the company behind ChatGPT – pertaining primarily to upcoming iPhone models, could also offer a major boost for the stock.
Analysts are also rather bullish when it comes to Apple’s longer-term prospects and forecast, on average, a 7.49% rise. though some see the stock surging approximately 33% within the coming 52 weeks to $250.
Additionally, May appears to be a good month to enter the game given that AAPL only recently entered into an uptrend and turned its year-to-date (YTD) performance green – by 0.91%, to be precise.
Comparing the YTD chart to the last 30 days of trading reveals the strength of the ongoing rally, given that AAPL is 8.46% in the green on the monthly chart. Meanwhile, Apple’s price today, at press time, stands at $187.34.
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Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
