9 of the most-loved stocks in the Trump White House
Portfolios of the presidential staff.
Financial disclosure forms for 180 Trump administration executives and staffers were released March 31. While the holdings don't reflect financial and investment positions on the day of the disclosure (they reflect positions held "the day they came into office," according to a White House statement), they do reveal the stock market propensities of some of the most powerful people in the nation. Here's a look at some of Washington's power players, and the stocks they hold in their portfolios.
Pfizer (ticker: PFE)
Kellyanne Conway, counselor to the president, lists her assets at $40 million. Among them is biopharma giant Pfizer, currently trading at about $34 per share. The stock is up from $30 per share since November 2016, when President Donald Trump was elected, and Conway was serving as his campaign manager.
Kraft Heinz Co. (KHC)
Another Conway favorite is consumer goods behemoth Kraft Heinz, trading at about $91 per share in mid-April, slightly over its consensus one-year pricing estimate of $90 per share. The stock is trading flat, in general, since the November elections.
Philip Morris International (PM)
Tobacco giant Philip Morris is held by both Conway and Gary Cohn, Trump's main economic advisor. The stock is trading at $114 per share. Investors are attracted to PM not just because of asset growth, but also for its generous 3.6 percent dividend. The company has raised its dividend payout nine consecutive years.
Coca-Cola Co. (KO)
White House press secretary Sean Spicer balances his investment portfolio between rental properties and big, brand-name stocks like Coca-Cola. The consumer beverage staple is trading at $43 per share in mid-April, and has a strong, long-term track record of producing portfolio gains through tough economic times. Recently, Coke has adeptly shifted its product offerings into diverse drinks, such as teas, juices, smoothies, bottled water and sports drinks, as it looks to balance its historical reliance on carbonated beverages.
Another Spicer favorite is telecom mainstay AT&T, which stands at about $40 per share, against its one-year target estimate of $43 per share. AT&T stock has been on a nice run since Trump won the presidency. The stock was trading at $36 per share in mid-November 2016.
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K.T. McFarland, deputy national security adviser on Team Trump and a former Fox News analyst, is big on the mega-technology companies, with kingpin Amazon at the top of the list. The stock is trading at a whopping $900 per share in mid-April, with a one-year target estimate of $970 per share. The stock has exploded since the November elections, up from $720 per share in mid-November, to its $900 per share level through mid-April.
Another McFarland stock position is Apple, which stands at about $141 per share. The technology innovator is another big mover since Trump was elected, moving from $115 per share in November 2016, to more than $140 per share in April. Investing in new-age tech game-changers like artificial intelligence and self-driving cars are aimed at driving AAPL's stock price higher.
Goldman Sachs Group (GS)
Cohn, a former Wall Street banker turned chief economic advisor to Trump, holds a substantial investment in Goldman Sachs – $216 million – and critics are up in arms over Team Trump's close ties with Wall Street and its calls for financial industry-friendly policies, such as looser regulations and the abolishment of the Consumer Financial Protection Board, among others. The stock for GS is trading at about $226 per share in mid-April.
Microsoft Corp. (MSFT)
Cohn also owns shares of Microsoft, another technology giant that has seen its shares gain since Trump won the White House. The stock has risen from $60 per share around the election to more than $65 per share in mid-April. The company is a leader in the cloud computing space and has its hands in myriad pies, including investments in LinkedIn Corp. (LNKD), Dies, and Flipkart – hoping to set the stage for future share growth.