News highlights a political figure’s disclosed purchase tied to Axon, coinciding with related federal procurement/taser discussions that can drive near-term sentiment and trading momentum even without direct evidence of involvement.
When President Trump or another celeb buys a stock, here is the one investing rule to follow Brian Sozzi · Executive Editor Tue, June 30, 2026 at 6:37 PM GMT+2 2 min read AXON When the prez hits the buy button on a stock, it's best to zoom out and keep things in perspective. "I think it's an idea generator. Do not confuse this purchase with conviction.
You don't know why he bought it," Portfolio Wealth Advisors chief investment officer Lee Munson said on Yahoo Finance's Opening Bid (video above). "And remember, you never know when they're going to sell that stock. And so you have to do your own research because you can't coattail.
You maybe can on the entry point, but you never know about the exit. " The reminder comes as Taser maker Axon's ( AXON ) stock gained 10% on Monday following federal disclosures that President Trump purchased between $1 million and $5 million of its shares back in February. Weeks after President Trump bought the shares, Immigration and Customs Enforcement sought out a $220-million Taser deal with Axon.
A CNBC report suggests the product descriptions are specific to Axon, but ICE has not yet awarded the contract. There is no evidence Trump was involved in or had knowledge of the procurement process. Shares of Axon rose another 6.
5% on Tuesday. Which brings up this investing reminder : Find great stocks before prominent people find them! "Certainly you'll make money if you buy the sort of stocks that Trump recommends, but you'll make even more money if you buy them before he recommends them," said BCA Research chief economist Peter Berezin on Opening Bid.
"So there are certain industries, whether they be defense, whether they be energy, whether they be AI, that clearly are national security priorities for the Trump administration. I would be targeting my purchases in those industries because they're going to do well, regardless of whether a particular company gets bought by Trump or not. " Brian Sozzi is Yahoo Finance's Executive Editor and a member of Yahoo Finance's editorial leadership team.
Follow Sozzi on X @BrianSozzi , Instagram , and LinkedIn . Tips on stories? Email brian.
sozzi@yahoofinance. com.
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