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Marjorie Taylor Greene buys into Advanced Micro Devices, Apple, and others

EditorBrando Bricchi
Published 2024-05-21, 12:14 p/m
© Reuters.

Marjorie Taylor Greene, representative for Georgia's 14th congressional district, has been active in the stock market, according to a recent congressional trade report. Greene has made purchases in several well-known companies, including Advanced Micro Devices, Inc. (NASDAQ:AMD), Apple Inc. (NASDAQ:AAPL), Caterpillar , Inc. (NYSE:NYSE:CAT), Charles Schwab Corporation (NYSE:NYSE:SCHW), Kinder Morgan , Inc. (NYSE:NYSE:KMI), and Southern Company (NYSE:NYSE:SO).

Each of these stock purchases falls within the range of $1,001 to $15,000. The transactions were all made on May 21, 2024, and were reported on the same day.

In addition to these stock purchases, Greene also invested significantly in US Treasury Bills. Three separate purchases were made, each valued between $100,001 and $250,000. These transactions were made on May 20, 2024, and reported between May 21 and May 22, 2024.

All these transactions represent a mix of technology, energy, and financial sector stocks, along with secure government securities. It's worth noting that these purchases do not necessarily reflect Greene's personal endorsement of these companies or their business practices, but rather her investment strategy.

The report does not disclose whether these investments were made through a personal or managed account. However, the purchase of these stocks and government securities shows a diversified approach to portfolio management.

As always, investors are reminded to do their due diligence and not to base their investment decisions solely on the trading activity of public figures. The investment strategies of individuals may not necessarily align with the risk tolerance or financial goals of every investor.

InvestingPro Insights

Representative Marjorie Taylor Greene's recent stock market activity includes a notable purchase of shares in Advanced Micro Devices, Inc. (AMD). For investors looking at AMD as a potential addition to their portfolio, current metrics and analyst insights from InvestingPro may offer valuable context.

AMD's market capitalization stands at a robust $266.43 billion, reflecting its significant presence in the semiconductor industry. The company's price-to-earnings (P/E) ratio is currently high at 237.6, which suggests that investors are willing to pay a premium for AMD shares based on its earnings potential. This is further emphasized by a P/E ratio of 237.97 for the last twelve months as of Q1 2024. Additionally, the company has seen a strong return over the last week with an 8.6% price total return, and a 13.43% return over the last month, indicating recent positive market sentiment.

InvestingPro Tips highlight that AMD is expected to grow its net income this year, which could justify the high P/E ratio to some extent. However, it's important to note that 20 analysts have revised their earnings estimates downwards for the upcoming period. This discrepancy suggests that investors should closely monitor AMD’s performance and future earnings reports. For those interested in exploring further insights, there are additional InvestingPro Tips available that delve deeper into AMD's financials and market performance.

For a more comprehensive analysis and to discover more tips, which could help in making an informed investment decision, consider using the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription at InvestingPro.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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