Members of Congress Are Buying This Beaten-Down "Magnificent Seven" Stock (Hint: It's Not Nvidia or Tesla)

Motley Fool
2025.04.26 09:11
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Members of Congress are increasingly buying Amazon stock, despite the poor performance of other "Magnificent Seven" stocks like Nvidia and Tesla. Recent data shows that Congress members have sold Nvidia and Tesla more often than they have bought them. In contrast, Amazon has bipartisan support, with multiple representatives and senators making purchases. Amazon's strong business performance, including $638 billion in revenue last year and growth in its cloud division, makes it appealing to investors. The current stock pullback presents a buying opportunity for long-term investors, especially with the expected growth in AWS and other initiatives.