Politicians reportedly bought defense and energy stocks before the war broke out

It appears that the Israel-Hamas war, which broke out in the US over the weekend and became the most important item on the agenda for the first trading day of the week, had caught the attention of some politicians before it even started.

DID THEY KNOW ABOUT THE WAR?

It is observed that some political figures who are members of the US House of Representatives added defense and energy stocks to their portfolios in recent months. This situation raises questions about whether the politicians foresaw the war, what they knew, why they took steps in their portfolios accordingly, and why they purchased these specific stocks.

WHO BOUGHT WHAT?

Republican Representative Kevin Hern purchased Devon Energy (DVN) shares in January, March, April, and July.

On the other hand, another member of the House of Representatives, Michael McCaul, purchased Fortinet (FTNT) shares in multiple transactions in August, while figures such as Robert J. Wittman and Michael Patrick Guest opted for ExxonMobil (XOM).

Another stock popular among politicians was General Dynamics (GD). House members Lois Frankel, Richard Larsen, and Walter Schrader have made investments in GD at various times since last year.

News Source: 12punto