In this article, we discuss the 5 best Nancy Pelosi stocks to buy now. If you want to read about some more Nancy Pelosi stocks, go directly to 12 Best Nancy Pelosi Stocks to Buy Now.
5. The Walt Disney Company (NYSE:DIS)
Number of Hedge Fund Holders: 112
The Walt Disney Company (NYSE:DIS) together with its subsidiaries, operates as an entertainment company worldwide. It is one of the best stocks in the Nancy Pelosi stock portfolio. According to the data available publicly, she exercised 100 CALL options (10,000 shares) with a strike price of $100 in The Walt Disney Company (NYSE:DIS) stock worth somewhere between $1,000,000 and $5,000,000 in late January this year.
On October 26, KeyBanc analyst Brandon Nispel maintained an Overweight rating on The Walt Disney Company (NYSE:DIS) stock and lowered the price target to $143 from $154, noting that the company’s traditional media business is exposed to negative macro trends, but focus on sports positions it favorably.
At the end of the third quarter of 2022, 112 hedge funds in the database of Insider Monkey held stakes worth $3.8 billion in The Walt Disney Company (NYSE:DIS), compared to 109 in the previous quarter worth $3.1 billion.
In its Q2 2022 investor letter, Oakmark Funds, an asset management firm, highlighted a few stocks and The Walt Disney Company (NYSE:DIS) was one of them. Here is what the fund said:
“The Walt Disney Company (NYSE:DIS) is one of the most beloved consumer companies in the world. Its media business has a rich library of intellectual property, which provides a powerful engine for creating new content across the Disney, Pixar, Marvel, and Star Wars brands. This content also contributes to the success of Disney’s theme parks, which generated nearly half the company’s earnings and grew more than 10% annually in the decade before the pandemic. Shares have fallen nearly 50% over the past year as investors worried about the company’s ability to transition its media business to a direct-to-consumer streaming world. This transition has required management to make investments in its Disney+ streaming service that are depressing profitability today. However, we believe these investments will ultimately produce attractive returns as Disney+ continues to grow subscribers and increase pricing over time. As a result, we were able to purchase shares at a substantial discount to our estimate of intrinsic value.”
4. Salesforce, Inc. (NYSE:CRM)
Number of Hedge Fund Holders: 117
Salesforce, Inc. (NYSE:CRM) provides customer relationship management technology that brings companies and customers together worldwide. It is one of the top stocks in the Nancy Pelosi stock portfolio. On October 4, Salesforce revealed that it ended a pandemic-era program in which the company’s engineers and technical staff received a paid day off for well-being every month. A mandatory filing from late December shows that Pelosi bought Salesforce, Inc. (NYSE:CRM) stock worth somewhere $500,000 to $1,000,000 last year.
On October 20, Piper Sandler analyst Brent Bracelin maintained an Overweight rating on Salesforce, Inc. (NYSE:CRM) stock and lowered the price target to $175 from $200, noting that the advisory sees several factors that could further pressure billings, revenue, and free cash growth estimates into 2023, including elongating sales cycles, a shift in payment timing as customers preserve cash, elevated currency headwinds and budgetary constraints entering a 2023 recession.
At the end of the third quarter of 2022, 117 hedge funds in the database of Insider Monkey held stakes worth $8.2 billion in Salesforce, Inc. (NYSE:CRM), compared to 116 in the preceding quarter worth $7.9 billion.
In its Q3 2022 investor letter, Oakmark Funds, an asset management firm, highlighted a few stocks and Salesforce, Inc. (NYSE:CRM) was one of them. Here is what the fund said:
“Salesforce, Inc. (NYSE:CRM) has become a dominant global player in sales, customer service, commerce and marketing software over the past 20 years. The company earns 80% gross margins and grows 20% organically. Plus, virtually all of its revenue is recurring. We see Salesforce as a great business that we’ve admired from afar for a long time. More recently, the organization has made some changes at the top that prompted us to take a closer look at the stock. New CEO Bret Taylor and CFO Amy Weaver are bringing a culture of financial discipline. We believe this renewed focus on profitability and capital return, combined with Salesforce’s strong underlying business characteristics, will yield strong results. The current valuation of 3.9x next year’s revenues represents a significant discount compared to publicly traded peers and recent private market values in the software space that have similar growth profiles. We view this discount as an opportunity to invest in a great business at a good value.”
3. Apple Inc. (NASDAQ:AAPL)
Number of Hedge Fund Holders: 140
Apple Inc. (NASDAQ:AAPL) designs, manufactures and markets smartphones, personal computers, tablets, wearables, and accessories. It is one of the elite stocks in the Nancy Pelosi stock portfolio. Mandatory filings from early June show that Pelosi purchased 100 CALL options on Apple Inc. (NASDAQ:AAPL) stock worth somewhere around $500,000 and $1,000,000 in mid-May 2022. The options have an expiration date of March 2023.
On October 27, Baird analyst William Power maintained an Outperform rating on Apple Inc. (NASDAQ:AAPL) stock and lowered the price target to $170 from $185, noting that the advisory lowered its full-year revenue estimate to reflect the increasing FX impact but overall, it remains encouraged with the strong demand trends across geos despite macro and FX pressures.
At the end of the third quarter of 2022, 140 hedge funds in the database of Insider Monkey held stakes worth $144 billion in Apple Inc. (NASDAQ:AAPL), compared to 128 in the previous quarter worth $143 billion.
In its Q2 2022 investor letter, Alger Capital, an asset management firm, highlighted a few stocks and Apple Inc. (NASDAQ:AAPL) was one of them. Here is what the fund said:
“Apple Inc. (NASDAQ:AAPL) is a leading technology provider in telecommunications. computing and services. Apple’s iOS operating system is the company’s unique intellectual property and competitive strength. This software drives extremely tight engagement with consumers and enterprises. The engagement is fostering the growing purchase of high-margin services like music, apps, and apple pay. Apple’s shares detracted from performance as management lowered its guidance for the third quarter due to headwinds from the war in Ukraine, adverse foreign currency shifts, and dampened consumer demand associated with the coronavirus in China. Additionally, many investors were concerned that lockdowns implemented to curtail the spread of COVID-19 would impact the production of apple products, however, the manufacturing facilities have resumed activity.”
2. Alphabet Inc. (NASDAQ:GOOG)
Number of Hedge Fund Holders: 156
Alphabet Inc. (NASDAQ:GOOG) provides various products and platforms such as google services, google cloud etc. It is one of the major stocks in the Nancy Pelosi stock portfolio. On October 24, YouTube, a subsidiary of Alphabet, revealed a makeover to its interface, including a new look, pinch-to-zoom feature, precise seeking, new buttons, ambient mode and dark mode. A regulatory filing dated late last year reveals that Pelosi purchased 10 CALL options worth somewhere between $500,000 and $1,000,000 in Alphabet Inc. (NASDAQ:GOOG) stock in mid-December 2021. The options have a strike price of $2,000.
On October 26, Oppenheimer analyst Jason Helfstein on Alphabet Inc. (NASDAQ:GOOG) stock and lowered the price target to $135 from $155, noting that the update reflects lower 2023 estimates on the weaker first half of the year and slower headcount growth.
Among the hedge funds being tracked by Insider Monkey, London-based investment firm TCI Fund Management is a leading shareholder in Alphabet Inc. (NASDAQ:GOOG) with 52 million shares worth more than $5 billion.
In its Q2 2022 investor letter, Baron Funds, an asset management firm, highlighted a few stocks and Alphabet Inc. (NASDAQ:GOOG) was one of them. Here is what the fund said:
“Alphabet Inc. (NASDAQ:GOOG) is the parent company of Google, the world’s largest search and online advertising company. Shares of Alphabet declined 21.6% in the quarter due to concerns about slower global growth impacting the company’s core advertising business. We retain conviction in Alphabet’s merits as it continues to benefit from growth in mobile and online video advertising, which accrues to its core assets of search, YouTube, and the Google ad network. We are further encouraged by Alphabet’s investments in Cloud, AI, and Autonomous Driving (through its Waymo subsidiary).”
1. Microsoft Corporation (NASDAQ:MSFT)
Number of Hedge Fund Holders: 269
Microsoft Corporation (NASDAQ:MSFT) develops, licenses, and supports software, services, devices, and solutions worldwide. It is one of the prominent stocks in the Nancy Pelosi stock portfolio. On October 25, Microsoft posted earnings for the first quarter of 2022, reporting earnings per share of $2.35, beating market estimates by $0.06. The revenue over the period was $50.1 billion, up 10.6% compared to the revenue over the same period last year and beating market estimates by $410 million. According to a Periodic Transaction Report from June 2022, Pelosi purchased 40 CALL options shares worth between $250,000 and $500,000 in Microsoft Corporation (NASDAQ:MSFT) stock in May this year. The options have a strike price of $180 and expire in June 2023.
On October 26, BMO Capital analyst Keith Bachman maintained an Outperform rating on Microsoft Corporation (NASDAQ:MSFT) stock and lowered the price target to $270 from $295, noting that the company’s Q1 results featured numerous sources of disappointment, with Azure growth coming in a point below expectations and a call for a 5-point deceleration in Q2 being wider than the 3-point slowdown expected.
At the end of the third quarter of 2022, 269 hedge funds in the database of Insider Monkey held stakes worth $61 billion in Microsoft Corporation (NASDAQ:MSFT), compared to 258 in the previous quarter worth $56 billion.
In its Q2 2022 investor letter, Baron Funds, an asset management firm, highlighted a few stocks and Microsoft Corporation (NASDAQ:MSFT) was one of them. Here is what the fund said:
“Shares of Microsoft Corporation (NASDAQ:MSFT), a leading global provider of software solutions, declined 16.6% in the quarter along with the broader software group as well as due to growing concerns of a potential macro-driven slowdown. This is despite the company posting strong quarterly financial results and successfully absorbing headwinds from the war in Ukraine. The company had 21% revenue growth, 23% operating income growth, and 35% growth in Microsoft Cloud (all year-over-year in constant currency), which now represents 47% of total revenues. (read more…)
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