US Congress members actively traded stocks across various sectors, with technology companies leading their portfolios this year. This trend reflects both the prominence of tech firms in the economy and the personal investment strategies of lawmakers. So, let’s look at the most traded stocks among US Congress members in 2024.
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Stay up-to-date on the trading activity of US Congress members. The signal triggers based on updates from the House disclosure reports, notifying you of their latest stock transactions.
Congress trading
Tracking stock trades by US Congress members is easier thanks to transparency measures like the Stop Trading on Congressional Knowledge (STOCK Act). Passed in 2012, this act prohibits lawmakers from using insider information obtained through their official duties for personal financial gain.
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Receive Signals on US Congress Members' Stock Trades
Stay up-to-date on the trading activity of US Congress members. The signal triggers based on updates from the House disclosure reports, notifying you of their latest stock transactions.
Top 10 stocks traded by Congress members in 2024
According to available data, the following list shows which stocks Congress members traded the most in 2024:
- Microsoft Corporation (NASDAQ: MSFT);
- Alphabet Inc. (NASDAQ: GOOGL);
- Citigroup Inc. (NYSE: C);
- JPMorgan Chase & Co. (NYSE: JPM);
- NVIDIA Corporation (NASDAQ: NVDA);
- Apple Inc. (NASDAQ: AAPL);
- Amazon.com, Inc. (NASDAQ: AMZN);
- The Coca-Cola Company (NYSE: KO);
- Bank of America Corporation (NYSE: BAC);
- Meta Platforms, Inc. (NASDAQ: META).
#1 Microsoft Corporation (NASDAQ: MSFT)
Microsoft remains a popular choice among US Congress members due to its dominance in software, cloud computing, and artificial intelligence (AI). Its Azure platform continues to gain market share, making it a top competitor in the cloud services industry.
#2 Alphabet Inc. (NASDAQ: GOOGL)
Alphabet captures Congressional interest through its leadership in digital advertising and AI. It’s a key player in the tech sector due to Google’s absolute dominance in search and YouTube’s strong influence in media and entertainment.
#3 Citigroup Inc. (NYSE: C)
Next, we have Citigroup. Its global presence and diversified financial services portfolio make it a frequently traded stock among Congress members. With its focus on institutional banking, wealth management, and consumer banking, it offers multiple revenue streams.
#4 JPMorgan Chase & Co. (NYSE: JPM)
As one of the largest banks in the US, JPMorgan attracts Congressional interest due to its strong balance sheet and leadership in financial innovation. Furthermore, its diversified services, including investment banking, wealth management, and consumer banking, provide broad market exposure.
#5 NVIDIA Corporation (NASDAQ: NVDA)
Nvidia’s leadership in graphics processing units (GPUs) and AI technologies made it a standout stock in Congress portfolios in 2024. Its chips power advancements in gaming, data centers, and autonomous vehicles, fueling growth in multiple high-demand markets.
#6 Apple Inc. (NASDAQ: AAPL)
Apple remains a favorite among Congress members due to its consistent product innovation and global brand strength. The company’s ecosystem of devices, services, and software ensures steady revenue growth and customer loyalty.
Additionally, Apple’s advancements in wearable technology and health tracking have opened new revenue streams, appealing to tech-savvy investors.
#7 Amazon.com, Inc. (NASDAQ: AMZN)
Amazon’s AWS platform continues to lead the cloud market, driving a substantial portion of its profits. Also, its expansion into grocery, healthcare, and logistics highlights its ambition to diversify and capture new markets.
#8 The Coca-Cola Company (NYSE: KO)
Coca-Cola appeals to Congress members as a defensive stock with a stable dividend, and a cornerstone for conservative investment strategies. The company’s global brand recognition and diverse product portfolio provide steady revenue even during economic downturns.
#9 Bank of America Corporation (NYSE: BAC)
Bank of America’s focus on retail banking, wealth management, and corporate banking makes it a popular pick among Congressional investors. Its digital transformation strategy, including the growth of mobile banking, has enhanced customer engagement and efficiency.
#10 Meta Platforms, Inc. (NASDAQ: META)
Meta’s shift toward building the metaverse has sparked both excitement and skepticism among investors. However, its focus on virtual and augmented reality technologies positions it as a pioneer in future digital interactions.
Furthermore, Meta’s strong advertising revenue and ongoing innovation make it a compelling option for lawmakers looking to invest in tech-driven growth.
The bottom line
All in all, from the data we were able to gather, the trading patterns of US Congress members in 2024 showcase their focus on major tech and financial companies. You can potentially profit by monitoring these activities due to insights into potential market movements and the sectors that lawmakers find promising.
Receive Signals on US Congress Members' Stock Trades
Stay up-to-date on the trading activity of US Congress members. The signal triggers based on updates from the House disclosure reports, notifying you of their latest stock transactions.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
FAQs
What is the STOCK Act, and how does it regulate Congressional trading?
The STOCK Act from 2012 prohibits lawmakers from using non-public information obtained through their official duties for personal financial gain. It also requires them to disclose stock trades within 45 days of the transaction.
Which sectors do Congress members invest in the most?
Congress members invest the most in technology and financial services. These sectors offer a combination of innovation, stability, and growth potential, making them attractive for investment.
How to see what stocks politicians are buying?
You can monitor politician stock trading through tools like Finbold Signals, which provide real-time updates on lawmakers’ trading activities.
What Congress stock tracker should I use?
You can use Finbold Signals, as it provides real-time updates on lawmakers’ stock transactions and detailed reports, helping you track trends and sectors that attract Congressional investments.
Are Congress members allowed to engage in insider trading?
No, insider trading is illegal. The STOCK Act ensures transparency and accountability by mandating disclosure of stock trades and prohibiting the use of insider information.
What stocks are Congress buying in 2024?
Popular stocks among Congress members in 2024 include Microsoft Corporation (NASDAQ: MSFT), Alphabet Inc. (NASDAQ: GOOGL), Citigroup Inc. (NYSE: C), JPMorgan Chase & Co. (NYSE: JPM), NVIDIA Corporation (NASDAQ: NVDA), Apple Inc. (NASDAQ: AAPL), Amazon.com, Inc. (NASDAQ: AMZN), The Coca-Cola Company (NYSE: KO), Bank of America Corporation (NYSE: BAC), and Meta Platforms, Inc. (NASDAQ: META).
Can I invest based on Congressional trades?
While tracking Congressional trades can provide insights, investment decisions should be based on comprehensive research and personal financial goals.
How do Congressional trades affect the stock market?
Individual trades by lawmakers generally don’t impact the market significantly. However, patterns in their trades can highlight sectors or companies with legislative favor or growth potential.
