Marjorie Taylor Greene, the representative for Georgia's 14th congressional district, has recently made several significant stock purchases, according to a recent congressional trade report.
Greene invested in a range of companies, including Applied Materials, Inc. (NASDAQ:AMAT), ASML Holding N.V. (NASDAQ:AS:ASML), Costco Wholesale Corporation (NASDAQ:COST), Dell Technologies Inc. (NYSE:NYSE:DELL), FedEx Corporation (NYSE:NYSE:FDX), JP Morgan Chase & Co. (NYSE:NYSE:JPM), Lam Research Corporation (NASDAQ:LRCX), Meta Platforms, Inc. (NASDAQ:META), and Visa Inc . (NYSE:NYSE:V).
The dollar value of each of these trades falls within the range of $1,001 to $15,000.
In addition to these purchases, Greene also acquired US Treasury Bills, a government security, with a value between $50,001 and $100,000.
All these transactions were carried out on October 4, 2024, and were reported three days later on October 7, 2024.
The investments were made in common stocks, indicating that Greene has purchased a proportional share in the corporations.
This information is crucial for investors who track the trading activities of influential figures like congress members, as it can provide insights into their confidence in certain sectors or companies. However, these investments should not be interpreted as financial advice. Investors should conduct their research or consult with a financial advisor before making investment decisions.
InvestingPro Insights
Among Representative Marjorie Taylor Greene's recent stock purchases, Applied Materials, Inc. (NASDAQ:AMAT) stands out as a prominent player in the Semiconductors & Semiconductor Equipment industry. This aligns with the diverse investment approach highlighted in the article.
According to InvestingPro data, Applied Materials boasts a substantial market capitalization of $169.16 billion, underlining its significant presence in the tech sector. The company's strong financial position is evident from its ability to maintain dividend payments for 20 consecutive years, with a current dividend yield of 0.78%. This consistency in dividend payments could be attractive to investors seeking stable income streams.
InvestingPro Tips reveal that Applied Materials has raised its dividend for 7 consecutive years, demonstrating a commitment to returning value to shareholders. This trend may have factored into Greene's decision to invest in the company.
It's worth noting that AMAT's stock has shown a strong return over the last month, with a 15.17% price total return. This recent performance could have caught the attention of investors like Greene who are looking for momentum in their portfolio selections.
For those interested in a deeper analysis, InvestingPro offers 13 additional tips for Applied Materials, providing a more comprehensive view of the company's financial health and market position.
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