Earl Blumenauer of Oregon’s 3rd district adjusts retirement portfolio with multiple stock transactions

Oregon’s 3rd congressional district Representative Earl Blumenauer has recently made several adjustments to his spouse’s retirement portfolio. The transactions include both purchases and sales of various stocks, ranging in value from $1,001 to $50,000.

Blumenauer sold partial stakes in Blackstone Inc. (NYSE:), Caterpillar , Inc. (NYSE:NYSE:), and Embraer S.A. (NYSE:ERJ), each valued between $1,001 and $15,000. He also sold shares in Kroger Company (NYSE:NYSE:), Magna International , Inc. (NYSE:NYSE:), Quest Diagnostics Incorporated (NYSE:NYSE:), and TE Connectivity Ltd (NYSE:). New Switzerland Registered Shares (NYSE:TEL) in the same value range. Notably, a partial sale of McKesson Corporation (NYSE:NYSE:) was also made, valued between $15,001 and $50,000.

On the purchasing side, Blumenauer added to his retirement portfolio by acquiring shares of Nike , Inc. (NYSE:NYSE:), RTX Corporation (NYSE:RTX), Southern Company (NYSE:NYSE:), and Visa Inc . (NYSE:NYSE:), each valued between $1,001 and $15,000. He also purchased The Goldman Sachs Var 33 Due 02/24/33, Wells Fargo & Co Var 29 Due 07/25/29, US Treasury Bill 24 Due 06/13/24, and US Treasury Bill24 Due 07/25/24, all valued between $15,001 and $50,000.

InvestingPro Insights

As Representative Earl Blumenauer adjusts his spouse’s retirement portfolio, a notable acquisition was shares of Nike, Inc. (NYSE:NKE). With an eye on Nike’s performance, here are some key insights from InvestingPro that could offer a clearer picture of the company’s current financial health and potential:

Nike’s market capitalization stands at a robust $140.91 billion, reflecting its significant presence in the market. Despite a challenging economic environment, Nike has demonstrated resilience with a gross profit margin of 44.3% over the last twelve months as of Q1 2023. This indicates a strong ability to maintain profitability relative to revenue.

Investors may also find comfort in the company’s track record of dividend reliability. An InvestingPro Tip points out that Nike has not only maintained but also raised its dividend for 41 consecutive years, showcasing its commitment to returning value to shareholders. This is complemented by another InvestingPro Tip highlighting that Nike’s liquid assets exceed its short-term obligations, illustrating a sound liquidity position that can reassure investors of the company’s financial stability.

For those considering Nike as a potential addition to their portfolio, it’s worth noting that the company is trading near its 52-week low, which may present a buying opportunity for long-term investors. Additionally, with 14 analysts having revised their earnings downwards for the upcoming period, it’s essential to stay informed on future performance expectations.

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