Originally published on InvestorPlace.com
Follow the true oracle with these Nancy Pelosi stocks.
While you might not agree with the political stuff, Nancy Pelosi stocks have represented a tremendously popular topic. You might say there’s bipartisan support for tracking the securities that the former House Speaker has acquired.
Investors have plenty of reasons to consider trading alongside the legislator. First, Pelosi is smart. Again, you can disagree with her politics. However, you don’t rise to power (and stay there) without commanding tremendous intellect. Second, she knows how things work (or don’t work). If Pelosi feels strongly about a company, you should at least pay attention.
Granted, no one has a 100% success rate. Still, these Nancy Pelosi stocks have proven to be quite lucrative.
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Palo Alto Networks (PANW)
One of the more recent acquisitions among Nancy Pelosi stocks, the former House Speaker acquired shares of cybersecurity specialist Palo Alto Networks (NASDAQ:PANW) in February of this year. Technically speaking, it’s not the outright best-performing idea this year. Since the beginning of January, PANW has moved up a bit over 2%. However, the potential is robust.
Per information provided by Forbes, a data breach costs on average about $4.45 million. It notes that in 2022, business email accounts that suffered data compromises incurred $2.7 billion in losses. It’s no surprise, then, that the global cybersecurity industry should reach a valuation of $208.8 billion by the end of the year.
As for Palo Alto Networks, experts project that it will post $7.98 billion in revenue by year’s end. If so, that would be up 15.8% from last year’s haul of $6.89 billion. In fiscal 2025, sales could rise to $9.13 billion.
PANW isn’t the best-performing idea among Nancy Pelosi stocks. However, it offers significant long-term upside potential.
