Finance
Nancy Pelosi is buying new stocks, check out some of them
Such an important character in modern history is going shopping. Here are some of the stocks that Nancy Pelosi is buying.
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Nancy Pelosi is one of the most influential politicians in the world right now.
She is investing in some stocks recently and given her understanding of the world and her influence, it is a good idea to take a look into some of these options.
Pelosi’s investment choices could very well affect the stock market, so it is worth paying attention to what she is doing.
There is no guarantee that her investments will be successful, but it is definitely worth considering following her lead.
In this article, we are going to be taking a look at some of these options.
Again, this is not an investment recommendation. It is your job to study these options and see if it fits your investment philosophy.
Another thing to take into consideration is that Pelosi is still a human being, she can make mistakes, like all of us, including in her investments.
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AllianceBernstein
AllianceBernstein, a global asset management company, offers institutional, high-net-worth, and retail investors worldwide investment management and research services.
It might not seem like an interesting concept to you, but it might actually be relevant.
Social media gurus showered the blogosphere with unasked-for investing advice throughout 2020 and 2021.
However, only because we were in a distinct bull market cycle did their bullish predictions generally turn out to be accurate.
Sophisticated private investors like Nancy Pelosi need real direction now that we might be entering a bearish cycle, or at the very least, an unpredictable market.
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PayPal
PayPal is a platform for online and mobile payments. Pelosi exercised 50 call options with a $100 strike price in January 2022 to buy 5,000 PayPal shares.
Pelosi previously disclosed two sizable purchases of PayPal stock in June 2020 totaling at least $750,000 each.
Pelosi’s PayPal investment underperformed for the first half of 2022. One of the worst performers in the whole S&P 500, the stock was down more than 50%.
However, on August 3, 2022, activist investor Elliott Management revealed a $2 billion stake in the company, causing PayPal shares to increase by more than 13%.
Tesla
The Democrats have long supported policies that promote environmental justice. Electric vehicles are enticing as a solution, yet, to be honest, they are not a cure-all on their own.
The U.S. Energy Information Administration estimates that in 2021, natural gas accounted for around 38% of the country’s electrical generation.
Of course, hydrocarbons include natural gas. Therefore, until the electricity we generate is increasingly focused on sources with low net emissions, in some sense, we’re just moving deckchairs on the Titanic.
The House Speaker does, however, really like Tesla. She exercised 25 call options, or 2,500 shares of TSLA, with a $500 strike price on March 17 of this year.
Pelosi is well-off despite the losses Tesla has incurred—it is down over 32% YTD.
Therefore, daring investors may wish to take a chance now that volatility may be decreasing.
Micron Technology
Image sensors and semiconductor memory products are produced by Micron Technology.
Pelosi bought 100 Micron call options with a $50 strike price that expires on September 16, 2022, in December 2021.
These options will soon expire in just over six weeks. Since the purchase was announced, Micron shares have dropped 12.4%, thus Pelosi has likely already suffered a significant loss on her Micron call investment.
Although Micron dropped its fourth-quarter revenue outlook to $7.2 billion, below analyst estimates of $9 billion, it nevertheless announced fiscal third-quarter earnings that were above expectations.
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