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In a recent congressional trade report, Thomas H. Kean Jr, a member of the NJ07 congressional district, has made notable purchases in three major corporations. The transactions were conducted through the Kean Family Partnership investment vehicle.
The first transaction involved Amazon.com, Inc. (NASDAQ:AMZN), with Kean acquiring stocks valued between $1,001 and $15,000 on January 16, 2025. With a market capitalization of $2.36 trillion and annual revenue of $638 billion, Amazon’s robust performance in the market makes this a noteworthy investment. According to InvestingPro analysis, the stock appears fairly valued at current levels.
The second transaction was with Crown Holdings, Inc. (NYSE:CCK). Similar to the Amazon purchase, stocks valued between $1,001 and $15,000 were bought on January 7, 2025. Crown Holdings, known for its packaging products for consumer goods, adds a diverse element to Kean’s portfolio. Want deeper insights? InvestingPro subscribers get access to exclusive research reports covering 1,400+ top stocks, including comprehensive analysis of Amazon’s financial health and growth prospects.
The third and final transaction was with tech giant Microsoft Corporation (NASDAQ:MSFT). Kean purchased stocks valued between $1,001 and $15,000 on January 31, 2025. Microsoft’s consistent growth and solid market performance make it a valuable asset in any investment portfolio.
These transactions highlight Kean’s strategic investment approach, focusing on companies with strong market presence and potential for consistent growth. Amazon’s strong financial health score of GOOD from InvestingPro and impressive six-month return of 26.7% support this strategic positioning. The report shows that these purchases were made as part of the Kean Family Partnership, where Kean holds a 33% interest.
It’s important to note that the investment vehicle used for these transactions is based in the US, and the purchases do not involve initial public offerings. As with all investment activities, these transactions are subject to the STOCK Act, ensuring transparency and ethical conduct among congress members.
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