Market Commentary

Which Stocks Is Congresswoman Lois Frankel Trading?

Rahul Joshua23 Sept 2022 · 1 minute read

Lois Frankel, the United States representative for Florida's 21st congressional district since 2017, revealed that she made 10 new trades in the first half of September.

Congresswoman Frankel was both buying and selling stocks, although all trades she made in the first two weeks of September were of a smaller size according to value: $1,000 to $15,000. Frankel sold shares of Accenture PLC (ACN: US) on two occasions. One was on September 07, when ACN closed at $286.76 and on September 14 when stock price closed at $278.53.

These two exit prices were solid given that Accenture shares now trade in a low $260 after the IT services company reported Q4 results that topped market expectations, although the offered outlook was described as “mixed” by analysts.

Elsewhere, Congresswoman Frankel also bought shares of KLA Corp (KLAC: US) on September 07 and 14. The chipmaker’s stock trades nearly 10% lower compared to the average entry point. The Congresswoman was also buying shares of Lowe’s (LOW: US) and Analog Devices (ADI: US). On the other hand, Colgate-Palmolive (CL: US), Danaher (DHR: US), and Eaton (ETN: US) shares were also sold in the first two weeks of September.

In the past, Representative Frankel never made a trade that exceeds $15,000 in size. She prefers to trade sectors like Financials, Industrials, Healthcare, and IT. Some of her most traded stocks include American Express (AXP: US), DuPont (DD: US), and Pfizer (PFE: US).

She sits on House committees in charge of Appropriations as well as Veteran’s Affairs.