Marjorie Taylor Greene, the representative for Georgia's 14th congressional district, has made a series of stock purchases in some of the biggest names in the technology and energy sectors, according to a recent congressional trade report.
On November 1, 2024, Greene purchased stocks in Advanced Micro Devices, Inc. (NASDAQ:AMD), Apple Inc. (NASDAQ:AAPL), and Intel Corporation (NASDAQ:INTC). Each of these purchases was valued between $1,001 and $15,000.
In addition to her investments in the tech industry, Greene also bought stocks in Duke Energy Corporation (NYSE:NYSE:DUK), a leading energy company, and Digital Realty Trust, Inc. (NYSE:NYSE:DLR), a real estate investment trust that specializes in data center properties. These purchases were also valued between $1,001 and $15,000.
Greene diversified her portfolio further by buying stocks in Berkshire Hathaway Inc . (NYSE:BRKa) (NYSE:BRK.B), the multinational conglomerate led by Warren Buffet, and Corning Incorporated (NYSE:NYSE:GLW), a materials science company known for its specialty glass and ceramics. These investments were also valued between $1,001 and $15,000.
Additionally, Greene invested in Meta Platforms, Inc. (NASDAQ:META), the parent company of Facebook, and Tesla, Inc. (NASDAQ:TSLA), the electric vehicle and clean energy company. Again, each of these purchases was valued between $1,001 and $15,000.
Lastly, Greene purchased stocks in The Hershey Company (NYSE:NYSE:HSY), one of the largest chocolate manufacturers in the world. This investment was also valued between $1,001 and $15,000.
These purchases demonstrate Greene's interest in a diverse range of sectors, including technology, energy, and consumer goods. As a member of Congress, Greene's investment activities are closely monitored and publicly reported to ensure transparency and compliance with the STOCK Act, which prohibits members of Congress and other government employees from using nonpublic information for private profit.
InvestingPro Insights
Among Representative Marjorie Taylor Greene's recent stock purchases, Advanced Micro Devices, Inc. (NASDAQ:AMD) stands out as a particularly intriguing investment. AMD, a prominent player in the Semiconductors & Semiconductor Equipment industry, has shown strong performance indicators that align with Greene's investment strategy.
According to InvestingPro data, AMD's revenue growth has been robust, with a 17.57% increase in the most recent quarter. This growth trajectory is further supported by an InvestingPro Tip suggesting that net income is expected to grow this year. These metrics indicate AMD's potential for continued expansion in the highly competitive tech sector.
Despite AMD's recent stock price volatility, with a 15.36% decline over the past week, the company's long-term prospects remain promising. An InvestingPro Tip highlights that AMD is trading at a low P/E ratio relative to its near-term earnings growth, suggesting potential undervaluation. This could be particularly appealing for investors like Greene who may be looking for value opportunities in the tech sector.
It's worth noting that InvestingPro offers 17 additional tips for AMD, providing a comprehensive analysis for investors seeking deeper insights into the company's financial health and market position.
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