Republican Pete Sessions Bought These Two Stocks in September

Pete Sessions, the U.S. representative for Texas's 17th congressional district, disclosed yesterday that he invested in two companies back in September.

The Congressman invested between $1,000 - $15,000 in both McDonald’s (MCD: US) and Verizon Communications (VZ: US) in the final 10 days of the month. These trades mark the first time Mr. Sessions invested in these two companies in the last 3 years.

McDonald’s shares were purchased when the market price closed at $251.08, which is about 5% lower compared to today’s market price of just below $240 per share. Similarly, Congressman Sessions bought Verizon shares when the market price closed at $38.89, while the stock now trades at around $36. CapitolTrades’ data shows the Congressman made just over 80 trades involving 51 issuers in the past 3 years.

Republican Representative, who sits on the committees for Oversight and Reform, is a closely watched stock market trader among Congress members. This is especially relevant for trades involving tech stocks as he sits on the Science, Space, and Technology committee.

Hence, it comes as no surprise that Mr. Sessions’ favorite sector for trading is IT, followed by Consumer Discretionary and Real Estate. The Congressman’s top 5 favorite stocks include chipmaker Nvidia (NVDA: US), Microsoft (MSFT: US), and Crown Castle (CCI: US). Amazon (AMZN: US) is also a popular stock for Sessions, taking into account volumes.

Mr. Sessions tends to trade smaller sizes, although he disclosed the sale of $100,000 - $250,000 shares of Apple (AAPL: US) and JPMorgan (JPM: US) each in September last year.