You have commented 339 times on Rantburg.

Your Name
Your e-mail (optional)
Website (optional)
My Original Nic        Pic-a-Nic        Sorry. Comments have been closed on this article.
Bold Italic Underline Strike Bullet Blockquote Small Big Link Squish Foto Photo
Submit your comments on this article
Government Corruption
Congress buys up US Defense Industry war stocks ahead of Hamas attack on Israel
2023-10-14
[FINBOLD] As tensions escalate between Israel and the Hamas group, it has been revealed US congressional leaders have been making some strategic investment moves into military-related stocks.

For starters, defense company General Dynamics (NYSE: GD) has witnessed a surge in purchases. This isn’t entirely unexpected; defense stocks often become attractive during times of geopolitical tension. Remember the Ukrainian war? We saw a similar trend then.

However, what’s even more intriguing is the sectoral split between Republicans and Democrats. A substantial number of Republicans have shown a keen interest in the energy sector. Heavyweights like Exxon Mobil (NYSE: XOM), Devon Energy (NYSE: DVN), and Chevron (NYSE: CVX) are clearly the favorites.

On the other side of the aisle, Democrats seem to be playing the long game, focusing on the cybersecurity sector with acquisitions in firms like Fortinet (NASDAQ: FTNT), according to insights by @unusual_whales on X (formerly Twitter) on October 9
Posted by:Besoeker

#10  ^ Yes. Almost like they can feel their time on the gravy train ending soon.
Posted by: M. Murcek   2023-10-14 15:07  

#9  It’s amazing how vested these people are in funding the Ukrainian military.
Posted by: Super Hose   2023-10-14 14:58  

#8  4th Quarter stock churning? Bets that the Ukraine need for military gear will continue or at least US stockpiles will need to be replenished (longer term investment that)?

Assuming a causal link with the Hamas attacks seems ...premature, very premature.
Posted by: magpie   2023-10-14 13:26  

#7  Prime point of evidence the Covid Protocols was Bullshit.
Posted by: swksvolFF   2023-10-14 10:14  

#6  Got a "heads up" from somebody did they?

Don't have to trade on insider information when you are just making the information as you go.
Posted by: M. Murcek   2023-10-14 08:42  

#5  
Posted by: Cholutle Thrans9751   2023-10-14 08:29  

#4  Got a "heads up" from somebody did they ?
Posted by: Besoeker   2023-10-14 08:17  

#3  I hope I live long enough to see all these fuckers lined up and shot or hung.
Posted by: Chris   2023-10-14 08:11  

#2  Good. I like it when influential people can make $$$ by supporting Israel.
Posted by: Grom the Reflective   2023-10-14 03:36  

#1  Onslo wasn't surprised. Neither are any of us.
Posted by: Besoeker   2023-10-14 02:26  

00:00