This stock is U.S. politicians' favorite pick in 2024 so far

Group 1: Market Trends and Defensive Sector - The rise of global tensions, particularly in the Middle East, is leading investors to focus on the defensive sector, which is expected to benefit from conflict [1] - RTX stock has seen more purchases than sales by U.S. politicians in the past year, contrasting with the broader market trend favoring selling [2][5] Group 2: Political Activity and Stock Purchases - Republican House member Kevin Hern has been notably active, purchasing RTX stock in six separate trades, investing $5,000 each time [3] - A significant number of U.S. politicians have shown interest in RTX stock, particularly those on defense committees, with many buying shares multiple times since early 2023 [4] Group 3: Legislative Context - A bill introduced by Democratic Representative Rashida Tlaib aims to ban Congress members and their families from trading stocks in companies with Department of Defense contracts, but it is currently awaiting a vote [3][12] - Current laws allow Congress members to invest in securities, including defense stocks, as long as they disclose their holdings annually and report transactions within 45 days [11]