While they don't quite fit into the same category as company insiders, politicians are arguably better informed than the average retail investor about the potential consequences of their own fiscal policies. That said, members of Congress have generally proven to be as hit or miss as the rest of us when it comes to stock picking - but their personal investments are, nevertheless, matters of understandable public interest.
In the current climate - with geopolitical tensions running high, regulatory issues front and center, and elevated bond yields raising alarms - we bring to you three stocks that U.S. politicians have been buying with their own money, on their own behalf. Interestingly, these stocks all stand out as defensive plays - most notably, Northrop Grumman (NOC) is an actual defense giant, and the other two Beltway buys are drawn straight from the consumer staples space. While these names are traditionally defensive, it's worth pointing out that one of these companies would seem to be facing some heightened risk right now… in the form of scrutiny from federal regulators.
