NSRGY - Marjorie Taylor Greene Just Loaded Up on Stocks: 6 Companies She Just Bought
2024-07-16 07:20:00 ET
Between fundraising, legislating, and engaging in a number of other responsibilities, the politicians who serve in Washington, D.C., are busy. Many of them, however, find enough time to buy and sell stocks. And because many politicians demonstrate an uncanny ability to outperform the market, ordinary investors are keen to know the stock trades of senators and representatives.
Rep. Marjorie Taylor Greene, a Republican from Georgia who sits on the Oversight and Reform Committee and the Homeland Security Committee, recently submitted regulatory filings that acknowledged six recent stock purchases in late June: ASML (NASDAQ: ASML) , Costco Wholesale (NASDAQ: COST) , CrowdStrike (NASDAQ: CRWD) , Lululemon Athletica (NASDAQ: LULU) , Nestle (OTC: NSRGY) , and NextEra Energy (NYSE: NEE) . Although the exact value of each transaction wasn't reported, all six trades were valued between $1,001 and $15,000.
Although Greene didn't provide any commentary regarding the thinking behind her stock purchases, there are some clear reasons that could've motivated her decision making. Consistent with the market's overwhelming interest in artificial intelligence (AI) stocks, two of Greene's recent picks have significant AI exposure. ASML manufactures equipment that semiconductor manufacturers require for making microchips. Encouraging news broke prior to Green's purchase that Taiwan Semiconductor Manufacturing would be purchasing ASML's extreme ultraviolet lithography (EUV) machine earlier than expected. Providing sophisticated cloud-based cybersecurity solutions, CrowdStrike helps customers -- with help from AI -- protect various devices such as laptops, mobile devices, and those connected on the Internet of Things . The company recently reported strong results for its fiscal first quarter of 2025, ended April 30, including year-over-year diluted earnings-per-share (EPS) and free-cash-flow increases of 63% and 42%, respectively.
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Marjorie Taylor Greene Just Loaded Up on Stocks: 6 Companies She Just Bought