Pelosi discloses sales of Nvidia and Apple shares, purchase of Alphabet and Amazon
Published On Jan 22, 2025, 8:30 AM
Nancy Pelosi recently disclosed stock trades where she sold shares of Nvidia and Apple, and purchased call options for Alphabet (Google) and Amazon. This investment move comes amid ongoing scrutiny regarding stock trading by members of Congress. On the sale side, she offloaded 10,000 shares of Nvidia and 31,600 shares of Apple. On the purchase side, she invested in call options for both Alphabet and Amazon, suggesting a strategic shift towards companies she anticipates will perform well in the near future.
Stock Forecasts
GOOGL
Positive
The sale of high-performing tech stocks like Nvidia and Apple, coupled with the purchase of call options on Alphabet and Amazon indicates a bet on growth potential in big tech amidst a possible tech market rally. Alphabet and Amazon's core businesses continue to show resilience and growth opportunities, especially with potential advancements in AI and e-commerce.
NVDA
Negative
Nvidia's recent performance has been favorable; however, Pelosi's decision to sell may indicate a short-term outlook or profit-taking. Given the overall outlook for semiconductors, which have been under pressure, this could be seen as a cautious stance regarding Nvidia's future performance following a strong run-up over the past year.
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