Marjorie Taylor Greene Expands Investment Portfolio Amidst Election Push

U.S. Rep. Marjorie Taylor Greene, a Republican from Georgia, is focused on gathering votes for the GOP this Election Day while also keeping an eye on her investments. Over the last few months, Greene has consistently added to her portfolio.

Investing in AI Companies at Lower Prices

Recent activity shows that Greene is increasing her stakes in artificial intelligence (AI) stocks. She bought shares of Applied Materials (NASDAQ: AMAT), ASML (NASDAQ: ASML), Dell Technologies (NYSE: DELL), Lam Research (NASDAQ: LRCX), and Meta Platforms (NASDAQ: META). Greene also invested in Costco Wholesale (NASDAQ: COST). Although specific amounts for each stock are not disclosed, her regulatory filings indicate that all transactions on Oct. 4 were valued between $1,001 and $15,000.

Using a Smart Investment Strategy

An overview of Greene’s trading history reveals a strategy of building positions gradually, a technique known as dollar-cost averaging. In July, for instance, she purchased shares of Applied Materials and Dell. Those stocks closed at $219.65 and $125.85 on the day of her purchase. On Oct. 4, Applied Materials was priced lower at $201.97, while Dell was at $120.42, helping her lower her average cost for these stocks.

Greene also bought more shares of ASML, a leading semiconductor manufacturer. When she first bought this stock on June 24, shares closed at $1,002.01—up 37% since the start of the year. However, her recent purchase occurred when ASML was trading for $833, allowing her to average down her buying price.

Not All Stocks Are Discounted

Interestingly, not every stock Greene purchased during this round was at a discounted price. Her initial investment in Lam Research happened on Sept. 20, when shares closed at $77.32. By Oct. 4, the price had risen to $81.54.

Similarly, Greene bought more Costco shares on Oct. 4, despite a price increase from her initial purchase on June 24, when shares were at $848.16. They closed at $883.11 in her latest transaction. Still, many analysts expect Costco’s stock to continue to grow, with price targets set at $980 and $990 by Oppenheimer and Evercore ISI, respectively.

Adding Meta Platforms to the Mix

This month marked Greene’s first investment in Meta stock, broadening her AI investments beyond semiconductor stocks. Meta’s advances in AI technology, such as its large language model Llama, are considered influential in the AI space. Additionally, its new generative AI product, Movie Gen, provides valuable tools for content creators.

Are These Stocks Worth Buying Now?

For investors outside of Congress looking at AI stocks, Greene’s recent acquisitions provide intriguing prospects. ASML, for instance, is currently priced at 31.4 times operating cash flow, making it somewhat expensive yet still a discount compared to its five-year average cash flow multiple of 38.2.

Alternatively, investors interested in passive income may find Lam Research and Dell appealing; both offer forward yields of 1.2% and 1.4%, respectively.

Don’t Miss This Investing Opportunity

If you have ever thought about investing in successful stocks, here’s your chance.

Occasionally, analysts put forth a “Double Down” stock recommendation for companies they believe are on the verge of significant growth. If you feel you’ve missed earlier investment opportunities, now might prove a strategic moment to buy. Historical data underscores the potential:

• Amazon: A $1,000 investment in 2010 would yield $21,121!*
• Apple: A $1,000 investment in 2008 would amount to $43,917!*
• Netflix: A $1,000 investment in 2004 would have soared to $370,844!*

Currently, “Double Down” alerts are being issued for three noteworthy companies, making this a fortuitous moment for potential investors.

Explore 3 “Double Down” stocks »

*Stock Advisor returns as of October 14, 2024

Randi Zuckerberg, former director of market development at Facebook and Mark Zuckerberg’s sister, sits on The Motley Fool’s board. Scott Levine does not own any mentioned stocks. The Motley Fool recommends ASML, Applied Materials, Costco Wholesale, Lam Research, Meta Platforms, and Nvidia.

The views expressed in this article reflect those of the author and may not represent those of Nasdaq, Inc.