McGuire Trades Apple for NVIDIA Amid Volatility
Congressman John J. McGuire III has made two notable trades in his Merrill Lynch SEP IRA account, according to recent congressional trade reports.
The first transaction involved Apple Inc., with McGuire partially selling his holdings in the company's common stock on August 18, 2026. The value of this sale fell between $1,001 and $15,000. At the time of the trade, Apple was trading at $328.56, near its 52-week high of $344.57.
An InvestingPro analysis indicated that Apple is overvalued relative to its Fair Value. Additionally, 13 analysts have revised their earnings downwards for the upcoming period.
The second transaction was a purchase of common stock from NVIDIA Corporation also on August 18, 2026, with a similar value ranging from $1,001 to $15,000. NVIDIA has been performing well in the market recently.