Congresswoman Marjorie Taylor Greene’s Savvy Investment Moves
As the election season heats up, U.S. Representative Marjorie Taylor Greene is keeping a sharp eye on her investments. The Georgia Republican has been consistently adding to her portfolio, and her latest moves are worth taking note of.
Artificial Intelligence Takes Center Stage
Greene has been building her exposure to artificial intelligence (AI) stocks, and her recent purchases are no exception. She snapped up shares of Applied Materials, ASML, Dell Technologies, Lam Research, and Meta Platforms. This isn’t her first foray into AI; she’s been steadily increasing her positions in these companies over the past few months.
Diversifying Her Portfolio
But AI stocks weren’t the only ones that caught her attention. Greene also invested in Costco Wholesale, a membership warehouse company that’s been gaining traction. Although the exact amounts invested are unclear, regulatory filings show that each transaction was valued between $1,001 and $15,000.
A Dollar-Cost Averaging Approach
A closer look at Greene’s trading history reveals a savvy investment strategy. She practices dollar-cost averaging, building positions over time to lower her average cost per share. In July, she bought shares of Applied Materials and Dell, and on October 4, she added to those positions at a lower price point.
ASML: A Semiconductor Powerhouse
Greene increased her stake in ASML, a semiconductor equipment manufacturer, during her latest buying round. Although the stock has suffered recently due to bearish analyst sentiment, Greene was able to pick up shares at a lower price. This move is likely to pay off in the long run, as ASML is a leader in its field.
Lam Research and Costco: Upside Potential
Greene also invested in Lam Research, which provides wafer fabrication equipment and services to semiconductor manufacturers. Although she paid a higher price for the stock this time around, many analysts believe it has additional room to run. Similarly, her investment in Costco Wholesale is expected to pay off, with price targets from Oppenheimer and Evercore ISI reaching $980 and $990, respectively.
Meta Platforms: A New Addition
For the first time, Greene invested in Meta Platforms, a company at the forefront of AI innovation. With its diverse offerings, including a large language model and generative AI product, Meta is an attractive option for those interested in AI stocks.
Investor Takeaways
Greene’s recent purchases offer valuable insights for investors. ASML is a compelling option for those looking for a bargain, while Lam Research and Dell offer attractive dividend yields. Whether you’re interested in AI, semiconductors, or retail, Greene’s investment moves are worth exploring further.
Leave a Reply