In a recent congressional trade report, Dan Newhouse, a member of Congress from Washington's 4th district, has made several transactions in his Edward Jones Individual Retirement Account (IRA). The transactions involved both buying and selling of stocks, all within the range of $1,001 to $15,000.
Among the purchases, Newhouse added Accenture plc (NYSE:ACN) Class A Ordinary Shares (NYSE:ACN), Analog Devices (NASDAQ:ADI), Inc. - Common Stock (NASDAQ:ADI), and Bank Amer Corp Dep Sh Repstg 1/1000th Pfd Ser I (NYSE:BAC$I) to his portfolio. Other notable acquisitions include CSX Corporation (NASDAQ:CSX) - Common Stock (NASDAQ:CSX), Danaher Corporation Common Stock (NYSE:NYSE:DHR), and Deere & Company Common Stock (NYSE:NYSE:DE).
Newhouse also increased his stakes in Dollar General Corporation Common Stock (NYSE:NYSE:DG), Elevance Health, Inc. Common Stock (NASDAQ:ELV), and Estee Lauder Companies, Inc. (NYSE:NYSE:EL). The congressman continued to diversify his portfolio with the purchase of FMC Corporation Common Stock (NYSE:NYSE:FMC), Fortinet (NASDAQ:FTNT), Inc. - Common Stock (NASDAQ:FTNT), and Honeywell International Inc. (NASDAQ:HON).
In addition to these purchases, Newhouse also sold several stocks from his portfolio. These include Booking Holdings (NASDAQ:BKNG) Inc. - Common Stock (NASDAQ:BKNG), Broadcom (NASDAQ:AVGO) Inc. - Common Stock (NASDAQ:AVGO), Eli Lilly and Company Common Stock (NYSE:NYSE:LLY), Intuit Inc (NASDAQ:INTU). - Common Stock (NASDAQ:INTU), Marathon Petroleum Corporation Common Stock (NYSE:NYSE:MPC), Microsoft Corporation (NASDAQ:MSFT) - Common Stock (NASDAQ:MSFT), Netflix, Inc. (NASDAQ:NFLX) - Common Stock (NASDAQ:NFLX), NVIDIA Corporation (NASDAQ:NVDA) - Common Stock (NASDAQ:NVDA), Procter & Gamble Company (NYSE:NYSE:PG), Salesforce (NYSE:CRM), Inc. Common Stock (NYSE:CRM), and ServiceNow (NYSE:NOW), Inc. Common Stock (NYSE:NOW).
Despite the sales, Newhouse continued to invest in several companies by purchasing stocks of Nike (NYSE:NKE), Inc. Common Stock (NYSE:NKE), NiSource Inc Common Stock (NYSE:NYSE:NI), PepsiCo (NASDAQ:PEP), Inc. - Common Stock (NASDAQ:PEP), RTX Corporation Common Stock (NYSE:RTX), The Hershey Company Common Stock (NYSE:NYSE:HSY), V.F. Corporation Common Stock (NYSE:VFC), and Philip Morris International Inc Note (NYSE:NYSE:PM).
The transactions reflect a balanced approach to portfolio management, with an equal emphasis on buying and selling. It's important for investors to keep an eye on these transactions as they can provide insights into the investment strategies of influential individuals. However, these transactions should not be considered as investment advice, but rather as an additional data point for investors to consider in their own research.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.