Rep. Marjorie Taylor Greene, a well-known political figure from Georgia, has made headlines for more than just her political stances. Greene's stock trading activity has caught attention for its volume and timing, with her latest regulatory filings showing investments of approximately $112,000 in a variety of companies. Her recent activity continues a trend of significant investments she has been making throughout 2024.
The Latest Stock Trades: Building on Her Tech-Focused Strategy
In her most recent filing on September 4, 2024, Greene disclosed new stock purchases in companies such as Amazon (AMZN) , Digital Realty Trust (DLR), Palo Alto Networks (PANW), and FedEx (FDX), adding to her already tech-heavy portfolio. This follows earlier purchases disclosed in August, when she added stocks like Alphabet (GOOGL) (GOOG), Intel (INTC), Nvidia (NVDA), and Kinder Morgan (KMI). The tech-centric nature of her investments signals her confidence in the continued growth of AI and cybersecurity sectors despite recent market volatility.
Greene's Investment History: Tech Dominates, But Results Vary
Greene's stock trading journey has been filled with aggressive moves, particularly in the technology space. Earlier in 2024, she made notable purchases in Apple, Advanced Micro Devices and Nvidia. This tech-focused strategy has concentrated her portfolio with some of the most innovative and high-growth sectors in the market.
Although Greene holds some of the top tech stocks, her stock returns have been mixed. She faced a major setback when CrowdStrike (CRWD) stock dropped 30% after a significant outage. This was just days after she purchased stocks of the company. Similarly, her Intel (INTC) investment, which came after the company's stock suffered a significant decline, has not yet paid off, with shares dropping 9% since her purchase. Furthermore, Dell (DELL) has declined by 13% since her purchase in July.
Following in Pelosi's Footsteps?
Greene's aggressive stock trading has drawn comparisons to former House Speaker Nancy Pelosi, who is widely known for her success in the stock market. Greene may be mirroring Pelosi's trading strategy, buying into some of the same high-profile names. Greene has recently added stocks favored by Pelosi, such as Nvidia and Palo Alto Networks. While some of her trades reflect Pelosi's strategy, Greene has been more concentrated in technology investments, compared to Pelosi.
Two other congressman, John James and Peter Sessions, also announced trades in Nvidia and other chip and cybersecurity plays.
With her continued stock trading activity, Greene, like many other politicians, has been subject to scrutiny. As in the case of other lawmakers, questions about potential access to insider information often arise when politicians engage in substantial stock trading.
Conclusion: Should Investors Follow Greene's Strategy?
Marjorie Taylor Greene's recent stock picks illustrate her confidence in the future of AI, cloud computing, and cybersecurity. While these sectors hold strong growth potential, they also come with heightened risk, especially in a market currently experiencing volatility.
For investors looking to emulate Greene's strategy, it's crucial to conduct thorough research and consider their own risk tolerance. While high-profile politicians like Greene may have access to expert advice, following their trades without due diligence can be extremely risky.
On the date of publication, Caleb Naysmith did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
