This article presents an overview of Democrats and Corporate Insiders are Buying These 5 Stocks. For a detailed overview of such stocks read our article, Democrats and Corporate Insiders are Buying These 10 Stocks.
5. CVS Health Corp (NYSE:CVS)
Unusual Whales Democratic ETF (NANC) Stake: $149,195.25
CVS Health Corp (NYSE:CVS) is part of the Unusual Whales Democratic ETF since the fund owns 2,139.00 of CVS Health Corp (NYSE:CVS). CVS saw corporate insider buying activity on November 3 last year when Edward J. Ludwig, a director at CVS Health Corp (NYSE:CVS), piled into 2,000 of CVS Health Corp (NYSE:CVS) at $70.47 per share. Since then the stock has lost about 0.7% in value.
As of the end of the fourth quarter of 2023, 67 hedge funds out of the 933 funds tracked by Insider Monkey were long CVS Health Corp (NYSE:CVS).
ClearBridge Sustainability Leaders Strategy made the following comment about CVS Health Corporation (NYSE:CVS) in its Q3 2023 investor letter:
“Other health care holdings such as managed care company UnitedHealth Group and health care services company CVS Health Corporation (NYSE:CVS) were also rewarded in the third quarter. CVS, though a marginal contributor, has been weighed down in 2023 by an acquisition deal for Oak Street Health, an increase in medical benefits costs and a decline in the company’s overall Medicare Advantage star rating, but recent operational improvements suggest progress in its transition from a retailer to a diversified health care services company. Oak Street Health is a potential foundational asset for CVS’s retail primary care strategy, and we are positive on the company’s long-term prospects.”
4. Topgolf Callaway Brands Corp (NYSE:MODG)
Unusual Whales Democratic ETF (NANC) Stake: $163,987.20
Topgolf Callaway Brands Corp (NYSE:MODG) ranks fourth in our list of the stocks Democrats and corporate insiders are buying. On November 22, Topgolf Callaway Brands Corp’s (NYSE:MODG) CEO and President Oliver G. Brewer III loaded up on 11,000 shares at $11.68 per share. Since this transaction the stock is up 33%. Topgolf Callaway Brands Corp (NYSE:MODG) accounts for about 0.22% of the total assets of the Unusual Whales Democratic ETF.
Polen U.S. Small Company Growth Strategy stated the following regarding Topgolf Callaway Brands Corp. (NYSE:MODG) in its fourth quarter 2023 investor letter:
“Topgolf Callaway Brands Corp. (NYSE:MODG) was created in 2021 with the merger of Callaway, a longstanding and slower-growing collection of high-quality golf brands, and Topgolf, an emerging sports and entertainment company. We spent over a year researching Topgolf Callaway as we sought to gain comfort with the level of earnings post-pandemic (golf popularity increased significantly and the Topgolf operating model. Importantly, we believe the Topgolf business model has significant room for growth both in units and in unit-level profitability. At the same time, the core Callaway brands provide ballast and cash flow to be reinvested to drive future growth. Beyond stores/units, Topgolf Callaway has invested in great brands and golf technology that we believe will create additional runways for growth. While the company is profitable, earnings have been under pressure over the past year. However, we believe they will reach an inflection point based on business mix and growth in Topgolf sometime in FY24, before growing at a consistent low-to-mid teens rate driven by store/unit expansion.”
3. Ford Motor Co (NYSE:F)
Unusual Whales Democratic ETF (NANC) Stake: $188,837.70
Ford Motor Co (NYSE:F) is among the top stock picks of Democrats and corporate insiders. The Unusual Whales Democratic ETF has $188,837.70 stake in Ford Motor Co (NYSE:F). Ford Motor Co (NYSE:F) saw insider buying activity on December 8 last year Ford Motor Co’s (NYSE:F) Chief EV, Digital and Design Officer John Douglas Field piled into 182,000 shares of Ford Motor Co (NYSE:F) at$11.05 per share. The total value of this transaction was $2,010,590. Since this transaction the stock has gained about 11%.
2. Ball Corp (NYSE:BALL)
Unusual Whales Democratic ETF (NANC) Stake: $282,467.55
Ball Corp (NYSE:BALL) ranks second in our list of the stocks corporate insiders are Democrats are buying. On March 14, 2024, Ball Corp’s (NYSE:BALL) CEO Daniel William Fisher piled into 3,869 shares of Ball Corp (NYSE:BALL) at $64.56 per share. Since then the stock is up 0.43%. The Unusual Whales Democratic ETF owns 4,349.00 shares of Ball Corp (NYSE:BALL).
As of the end of the fourth quarter of 2023, 28 hedge funds of the 933 funds tracked by Insider Monkey reported having stakes in Ball Corp (NYSE:BALL).
Broyhill Asset Management stated the following regarding Ball Corporation (NYSE:BALL) in its fourth quarter 2023 investor letter:
“Recent investments in this bucket include Ball Corporation (NYSE:BALL) Fidelity National Information Services, and Avantor. Founded in 1880, Ball Corporation makes aluminum packaging for drinks, food, and other products. While arguably not the most exciting business in the world, a glimpse at the company’s performance provides a valuable lesson: exciting business models are not a prerequisite for exciting performance. In fact, more often than not, we’d argue that those factors are inversely correlated. In the decade ending in 2020, Ball stock compounded at 20% annually, nearly 6% better than the market per year. Since then, performance has faltered, falling almost 60% from peak to trough, as the industry struggled with over-expansion, aggressive pricing, and other challenges. As interest rates soared, investors became increasingly focused on the leverage on Ball’s balance sheet, which had spiked as high as 7.6x following the acquisition of UK’s Rexam in 2016. The stock’s multiple collapsed from highs near 30x in FY20-FY21 to lows below 15x last year, prompting management to go on the offensive. In August, Ball announced the sale of its aerospace division to BAE Systems for 19.6x EBITDA and its intent to pay down debt to ~3x or the low end of its target range, along with ~$2 billion of share repurchases.”
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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