In a recent congressional trade report, it was revealed that Thomas R. Suozzi, representing New York's 3rd congressional district, made several transactions involving stocks of various companies. These transactions were made from his Merrill Lynch- Advisor Discretion Account- IRA.
Suozzi sold stocks of Boeing Company (NYSE:BA), with the transaction amount falling within the range of $1,001 - $15,000. Boeing, a multinational corporation that designs, manufactures, and sells airplanes, rotorcraft, rockets, satellites, telecommunications equipment, and missiles worldwide, is one of the largest global aerospace manufacturers.
The congressperson also sold shares of Corning Incorporated (NYSE:NYSE:GLW), a company known for its specialized glass, ceramics, and related materials and technologies. The transaction amount for this sale also fell within the $1,001 - $15,000 range.
Another sale made by Suozzi involved stocks of CVS Health Corporation (NYSE:NYSE:CVS), with the transaction amount once again falling within the $1,001 - $15,000 range. CVS Health, an American healthcare company, owns CVS Pharmacy, a retail pharmacy chain; CVS Caremark, a pharmacy benefits manager; Aetna, a health insurance provider, among many other brands.
However, not all transactions were sales. Suozzi made a significant purchase of NVIDIA Corporation (NASDAQ:NVDA)'s common stock (NASDAQ:NVDA). The transaction amount for this purchase was notably higher, falling within the $15,001 - $50,000 range. NVIDIA is a multinational technology company incorporated in Delaware and based in Santa Clara, California. It designs graphics processing units for the gaming and professional markets, as well as system on a chip units for the mobile computing and automotive market.
Lastly, Suozzi sold stocks from Weyerhaeuser Company (NYSE:NYSE:WY.Z), a company primarily involved in the timber industry, with the transaction amount falling within the $1,001 - $15,000 range.
These transactions provide a glimpse into the investment strategy of the NY03 representative, shedding light on his financial moves within his Merrill Lynch- Advisor Discretion Account- IRA.
InvestingPro Insights
Congressman Suozzi's significant purchase of NVIDIA Corporation (NASDAQ:NVDA) stock aligns with the company's impressive financial performance and market position. According to InvestingPro data, NVIDIA boasts a market capitalization of $3.58 trillion, reflecting its dominant status in the semiconductor industry.
NVIDIA's revenue growth has been nothing short of extraordinary, with a 194.69% increase in the last twelve months as of Q2 2025. This remarkable growth is complemented by a robust gross profit margin of 75.98%, highlighting the company's operational efficiency and pricing power in the competitive chip market.
InvestingPro Tips suggest that NVIDIA has a perfect Piotroski Score of 9, indicating strong financial health and performance. Additionally, analysts anticipate continued sales growth in the current year, which may have influenced Suozzi's decision to invest in the company.
It's worth noting that NVIDIA's stock price has shown significant momentum, with a 205.09% total return over the past year. This aligns with another InvestingPro Tip highlighting NVIDIA's strong return over the last three months and its trading near its 52-week high.
For investors seeking more comprehensive insights, InvestingPro offers 23 additional tips on NVIDIA, providing a deeper understanding of the company's financial health and market position.
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