In 2024, US senators have shown a keen interest in several high-profile stocks, reflecting their confidence in specific sectors and companies. Understanding these investment choices can give us insights into market trends and potential opportunities. So, in this guide, we’ll look at the top 10 stocks US senators are buying in 2024.
Tracking US senator stock picks in 2024
US senators have unique insights into economic trends and regulatory developments that can impact specific industries and companies.
Everyday investors can follow their investments by using tools like Finbold Signals and gain a window into potential growth sectors or companies that may benefit from future government policies or market shifts. The tool monitors political, institutional, and insider trading activities and delivers updates via email, Telegram, and Discord.
Receive Signals on US Senators' Stock Trades
Stay up-to-date on the trading activity of US Senators. This signal triggers based on SEC updates on all the trades that are made by US Senators. Learn more.
The STOCK Act requires transparency around congressional trading activities, making it easier to see what senators buy and sell. This access provides insights, especially in uncertain economic times when understanding where insiders place their bets can inform investment strategies.
Top 10 stocks US Senators are buying
Here’s a list of the top 10 stocks that US senators are investing in this year:
| Rank | Company name | Ticker symbol | Industry |
| 1 | Microsoft | MSFT | Technology |
| 2 | Apple Inc. | AAPL | Technology |
| 3 | Alphabet Inc. | GOOGL | Technology |
| 4 | Amazon.com Inc. | AMZN | E-commerce/Cloud |
| 5 | Nvidia Corporation | NVDA | Semiconductors |
| 6 | JPMorgan Chase & Co. | JPM | Financial services |
| 7 | Meta Platforms Inc. | META | Social Media/Tech |
| 8 | Tesla Inc. | TSLA | Electric vehicles |
| 9 | Berkshire Hathaway | BRK.B | Conglomerate |
| 10 | Visa Inc. | V | Financial services |
#1 Microsoft Corporation (NASDAQ: MSFT)
First up, we have Microsoft (NASDAQ: MSFT), which remains a favorite among senators, with numerous purchases reported throughout the year. The company’s consistent performance and leadership in cloud computing and software services make it an attractive investment. Notably, Microsoft was traded 141 times by members of Congress in 2023, indicating its popularity among lawmakers.
#2 Apple Inc. (NASDAQ: AAPL)
Apple’s (NASDAQ: AAPL) innovative product line and strong market presence continue to attract investments from senators. The company’s consistent growth and profitability make it a reliable choice for investors. In 2023, Apple was among the top stocks bought by members of Congress, with purchases totaling approximately $2.4 million.
#3 Alphabet Inc. (NASDAQ: GOOGL)
As the parent company of Google, Alphabet’s (NASDAQ: GOOGL) dominance in the digital advertising and technology sectors has led to significant interest from senators. Its diverse portfolio, including ventures into artificial intelligence and autonomous vehicles, adds to its appeal. Last year, Alphabet was traded 116 times by members of Congress, highlighting its prominence among lawmakers.
#4 Amazon.com Inc. (NASDAQ: AMZN)
Amazon’s (NASDAQ: AMZN) expansive e-commerce platform and ventures into cloud computing through Amazon Web Services have made it a popular choice among senators. The company’s continuous innovation and market expansion contribute to its attractiveness. In 2023, Amazon was traded 59 times by members of Congress, reflecting its significance in their investment portfolios.
#5 NVIDIA Corporation (NASDAQ: NVDA)
Next up, we have NVIDIA (NASDAQ: NVDA), a leader in manufacturing graphics processing units (GPUs) and a key player in the development of artificial intelligence technologies, garnering attention from senators. The company’s growth prospects in the AI and gaming sectors make it a compelling investment. In 2023, NVIDIA was traded 69 times by members of Congress, indicating its popularity among lawmakers.
#6 JPMorgan Chase & Co. (NYSE: JPM)
In sixth place is a leading financial institution, JPMorgan Chase (NYSE: JPM), with its stability and performance that have attracted investments from senators. The bank’s diverse financial services and global reach contribute to its appeal. JPMorgan Chase was traded 71 times by members of Congress in 2023, showing its prominence among lawmakers.
#7 Meta Platforms Inc (NASDAQ: META)
Meta’s (NASDAQ: META) ventures into virtual reality and the metaverse have piqued the interest of senators. The company’s dominance in social media and advertising continues to make it a significant player in the tech industry. As such, Meta was traded 53 times last year by members of Congress, reflecting its importance in their investment strategies.
#8 Tesla Inc. (NASDAQ: TSLA)
Among the top 10 stocks that US senators are buying this year is also Tesla (NASDAQ: TSLA). With its advancements in electric vehicles and renewable energy solutions, Tesla is another popular choice among senators.
The company’s innovative approach and market leadership in the EV sector contribute to its attractiveness. What’s more, back in 2023, Tesla was among the top stocks bought by members of Congress, with significant investments reported.
#9 Berkshire Hathaway Inc. (NYSE: BRK.B)
Led by the legendary Warren Buffett, Berkshire Hathaway’s (NYSE: BRK.B) diverse holdings and consistent performance have attracted investments from senators. The company’s portfolio spans various industries, providing stability and growth potential.
#10 Visa Inc. (NYSE: V)
Lastly, we have Visa (NYSE: V), a global leader in digital payments with a strong market position and growth prospects that have drawn interest from senators. The company’s role in the expanding digital economy makes it a compelling investment.
Congressional stock trading and economic uncertainty
A study published in 2024 by Ye Moe and Yao Ma examined the relationship between congressional stock trading and economic policy uncertainty.
The authors find a positive relation between economic policy uncertainty and short-term abnormal returns of congress members’ stock purchases, adjusted for S&P 500, size, or Fama-French 12-industry benchmarks.
Moe and Ma’s findings suggest that members of Congress may have access to information that allows them to make advantageous trades during periods of economic uncertainty.
“There is a positive relation between economic policy uncertainty and short-term abnormal returns of congress members’ stock purchases.” — Ye Moe and Yao Ma
The bottom line
To summarize, following stock trades by US senators can offer insights into sectors and companies with strong growth potential. Their focus on tech giants like Microsoft, Apple, and Alphabet shows their belief in the ongoing innovation in the said industry. Similarly, their interest in financial services, represented by stocks like JPMorgan Chase and Visa, indicates optimism about stability in the financial sector.
Using tools like Finbold Signals to track these trading activities can help you make timely and well-informed investment decisions based on real data. As more ordinary investors look to understand the impact of political trading on stock trends, aligning strategies with these findings may provide you with a significant advantage.
Receive Signals on US Senators' Stock Trades
Stay up-to-date on the trading activity of US Senators. This signal triggers based on SEC updates on all the trades that are made by US Senators. Learn more.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
FAQs
Why should I track US senators’ stock trades?
Tracking stock trades of US senators can provide insights into sectors and companies they believe have growth potential. Because senators often have access to unique economic and regulatory information, their investments may reveal trends and upcoming market shifts.
How to track politicians’ stock trades?
The STOCK Act requires members of Congress to disclose their trades within 45 days. You can find this information on the official website of the US Senate or through tools like Finbold Signals, which provides real-time updates on political and insider trades.
Can politicians trade stocks?
Yes, senators can legally trade stocks, but they must disclose their transactions as per the STOCK Act. This legislation aims to prevent conflicts of interest by increasing transparency around their investments.
What stocks are Congress buying in 2024?
In 2024, senators are particularly interested in the technology, finance, and energy sectors, reflecting confidence in companies like Microsoft, Apple, and JPMorgan Chase.
How long do politicians have to disclose stock trades?
Politicians must disclose their stock trades within 45 days as required by the STOCK Act.
Should politicians be allowed to trade stocks?
This topic is debated; some argue it poses conflicts of interest, while others believe transparency laws like the STOCK Act provide enough accountability.
