The tightening of monetary policy, cost inflation, and supply-chain bottlenecks have eroded corporate revenues and margins over the past few quarters, making investment decisions tougher. Under such circumstances, a proper study of the investment strategies and choices of well-versed investors, like U.S. politicians, could lessen the pain for prospective investors. Notably, some renowned U.S. politicians bought shares of three high market cap companies in August. These companies include The Procter & Gamble Company (NYSE:PG), AbbVie Inc. (NYSE:ABBV), and Starbucks Corporation (NASDAQ:SBUX). While shares of Procter & Gamble slipped 1.9% in the past month, AbbVie and Starbucks declined 3.3% and 1.8%, respectively.
https://www.tipranks.com/news/article/u-s-politicians-bought-pg-abbv-sbux-stocks-in-august?utm_source=advfn.com&utm_medium=referral
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