U.S. stock futures slip lower; Cook’s firing increases Fed independence worries
In a recent congressional trade report, Rob Bresnahan, the congressional representative from Pennsylvania’s 8th district, has made a series of transactions in his JP Morgan Brokerage Account #2.
Bresnahan purchased stocks in Alibaba Group Holding Limited (NYSE:BABA), Cloudflare, Inc. (NYSE:NET), MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI), monday.com Ltd. (NASDAQ:MNDY), Snowflake Inc . (NYSE:SNOW), and Take-Two Interactive Software (ETR:SOWGn), Inc. (NASDAQ:TTWO). The value of each of these purchases falls within the range of $1,001 - $15,000. Notably, InvestingPro data shows BABA has delivered an impressive 65.85% return year-to-date, with the $317.77B market cap company trading at a P/E ratio of 19.14 and maintaining a GREAT financial health score.
In the same period, Bresnahan also sold stocks in Arista Networks , Inc. (NYSE:ANET), Microsoft Corporation (NASDAQ:MSFT), ON Semiconductor Corporation (NASDAQ:ON), Robinhood Markets , Inc. (NASDAQ:HOOD), and The Trade Desk, Inc. (NASDAQ:TTD). Each of these sales also falls within the $1,001 - $15,000 range.
The transactions were conducted in the United States through Bresnahan’s JP Morgan Brokerage Account #2. As per the STOCK Act, all transactions have been disclosed and certified by Bresnahan himself.
This trading activity provides insight into Bresnahan’s investment strategy and his views on these companies. However, it is important to note that these transactions do not necessarily predict the future performance of these stocks. Investors are always advised to conduct their own research and consult with a financial advisor before making investment decisions.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.