Fannie Mae, Freddie Mac shares tumble after conservatorship comments
In a recent congressional trade report, Thomas H. Kean Jr, a congressperson from New Jersey’s 7th congressional district, has made several significant transactions. These trades were made through the Kean Family Partnership, an investment vehicle held in the US.
Kean Jr has purchased common stocks in a number of prominent companies. These include Amazon.com, Inc. (NASDAQ:AMZN), which currently maintains a "GREAT" financial health score according to InvestingPro and has posted an impressive ~9.5% return over the last week. Other purchases include Analog Devices , Inc. (NASDAQ:ADI), Canadian Pacific Kansas City Limited (NYSE:CP), First Citizens BancShares, Inc. - Class A (NASDAQ:FCNCA), Fiserv (NYSE:FI), Inc. (NASDAQ:FISV), Illumina, Inc. (NASDAQ:ILMN), nVent Electric plc (NYSE:NVT), and Prologis , Inc. (NYSE:PLD). Each of these purchases was valued between $1,001 and $15,000.
On the flip side, Kean Jr also made sales during this period. He sold common stocks from Fortive Corporation (NYSE:FTV) and made a partial sale of Franklin Resources, Inc. (NYSE:BEN) common stocks. These transactions also fell within the $1,001 to $15,000 range.
These transactions provide a snapshot of the financial activities of one of New Jersey’s representatives in Congress. It’s worth noting that these trades do not necessarily reflect Kean Jr’s personal views on these companies, as they were made through the Kean Family Partnership.
As these transactions are made public, investors can gain insights into the investment strategies of prominent political figures. However, it’s important to remember that these trades should not be interpreted as investment advice. They merely provide an additional data point for investors to consider in their own research and decision-making processes.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.