U.S. Representative Marjorie Taylor Greene, a Republican from Georgia, is not only focused on mobilizing her constituents for the upcoming election but is also making waves in the investment community with her recent stock acquisitions. Over the past few months, she has been actively diversifying her portfolio, with an eye particularly on the burgeoning artificial intelligence sector.
On October 4, Greene made headlines yet again by investing in several tech giants, predominantly in the AI space. Her latest purchases include stocks from well-respected companies such as Applied Materials (NASDAQ: AMAT), ASML (NASDAQ: ASML), Dell Technologies (NYSE: DELL), Lam Research (NASDAQ: LRCX), and Meta Platforms (NASDAQ: META). Interestingly, she also secured shares of Costco Wholesale (NASDAQ: COST), further showcasing her broad investment strategy. While the specific amounts Greene invested remain undisclosed, her regulatory filing indicates that each trade was in the range of $1,001 to $15,000.
A look at Greene’s trading patterns reveals a methodical approach—she often favors dollar-cost averaging, which allows her to gradually build her positions. This strategy was evident back in July when she bought stock in Applied Materials and Dell at prices of $219.65 and $125.85, respectively. In her recent acquisitions, she capitalized on the recent dip in prices: Applied Materials was trading at $201.97 while Dell shares dropped to $120.42 on the day she bought.
Greene also increased her holdings in ASML, a key player in the semiconductor industry. Her initial investment in ASML occurred on June 24 when shares were priced at $1,002.01, but during her latest purchase, she picked them up for a much more attractive $833 each—an opportunity for strategic investment at a reduced price.
While discount hunting is part of Greene’s strategy, she isn’t shy about paying a premium for stocks that analysts view favorably. For instance, Greene’s investment in Lam Research rose from an initial price of $77.32 to $81.54 in her latest acquisition. Similarly, although she paid more for Costco shares this time—closing at $883.11 compared to her earlier purchase at $848.16—many in the market believe Costco has lots of room for growth, with analysts setting price targets around $980 to $990.
In a notable move, Greene ventured into Meta Platforms for the first time, adding a layer of investment in AI that extends beyond traditional semiconductor stocks. Meta’s advancements, including its large language model Llama, are at the forefront of AI technologies and have garnered attention from industry leaders, further enhancing potential investments in the space.
For investors looking to follow in Greene’s footsteps, her recent stock picks present compelling opportunities worth exploring. ASML is particularly tempting given its current trading multiple of 31.4 times operating cash flow—lower than its five-year average of 38.2 times, indicating a possible bargain for savvy investors. Furthermore, investors seeking income from their AI-centric investments should take note of Lam Research and Dell, which currently offer forward dividend yields of 1.2% and 1.4%, respectively.
Before considering an investment in ASML, it’s important to do thorough research. While Greene’s recent trades show promise, they are just part of the broader landscape of investment opportunities. The Motley Fool has identified ten stocks that they believe might provide even greater returns than ASML, underscoring the need for investors to stay informed and cautious.
Overall, Greene’s stock-buying spree demonstrates a strategic and diversified approach to investment at a pivotal moment in both politics and the market, making her moves worthy of attention in today’s dynamic economic environment. For those aiming to boost their portfolios, the stocks she has selected could offer pathways to growth as the market evolves.