Democrats and Corporate Insiders are Buying These 5 Stocks

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1. Intel Corp (NASDAQ:INTC)

Unusual Whales Democratic ETF (NANC) Stake: $471,891.60

Intel Corp (NASDAQ:INTC) is one of the stocks Democrats and corporate insiders like. It is among the top holdings of the Unusual Whales Democratic ETF (NANC). Congressman Jonathan Jackson from the Democratic party on January 8 bought Intel Corp (NASDAQ:INTC) shares in a transaction worth between $15,001 to $50,000. Intel Corp (NASDAQ:INTC) shares have lost about 29% since then. Intel saw insider trading activity this year when its CEO  Patrick P. Gelsinger on January 29 bought 3,000 shares of Intel Corp (NASDAQ:INTC) at $43.36 per share. Since then Intel Corp (NASDAQ:INTC) shares are down 21%.

Ariel Global Fund stated the following regarding Intel Corporation (NASDAQ:INTC) in its fourth quarter 2023 investor letter:

“New holding, Intel Corporation (NASDAQ:INTC), one of the world’s largest semiconductor chip manufacturers by revenue, outperformed in the quarter. Intel is benefitting from the near-term rebound in semiconductor demand driven by the cyclical recovery of personal computers (PCs) and central processing units (CPUs). Shares also traded higher following the company’s Artificial Intelligence (AI) Everywhere launch event. Intel introduced its capabilities across cloud, edge and client hardware and showcased it can benefit from an enterprise upgrade cycle as both cloud-based and traditional enterprises look to incorporate AI features into core technology platforms. In our view, the market is also overlooking the progress Intel has made towards regaining its manufacturing technology advantage and believe the foundry business will continue to experience strong momentum as it grows its customer base and revenue.”

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