Congressional stock trading has become a controversial topic in 2024, fueled primarily by the well-publicized stellar returns that former House Speaker Nancy Pelosi manages to secure on a regular basis.
Marjorie Taylor Greene, the Representative of Georgia’s 14th congressional district, is one of the more controversial sitting members of Congress.
However, her stock trades haven’t been attracting much attention until recently — if anything, they were thought of as a joke, with some investors even proposing an ‘inverse Marjorie’ strategy, referencing the ‘inverse Cramer’ ETF, based on the on an apparently similar tendency to make predictions that fail to materialize in a spectacular fashion.
In an unexpected reversal of fortune, MTG profited from a well-timed Tesla (NASDAQ: TSLA) trade on October 21. More recently, on November 4, just one day before the presidential election, the congresswoman disclosed 10 stock trades made on November 1.
Marjorie Taylor Greene goes big on big tech stocks
The recently published periodic transaction report revealed 10 trades — all of which are purchases. Due to the regulatory frameworks in place, the exact amounts are not stated, but a range between $1,001 and $15,000 is given for each transaction.
Taylor Greene could have invested anywhere from $10,010 to $150,000 in total. While her purchases include stocks like Warren Buffett’s Berkshire Hathaway (NYSE: BRK.B) and The Hershey Company (NYSE: HSY), most of her investments are focused on tech. The congresswoman is currently a sitting member of the House Subcommittee on Cybersecurity, Information Technology, and Government Innovation.
MTG seems to have doubled down on her TSLA bet. The stock is up 14.65% since her original October 21 purchase, and the electric vehicle maker saw a renewed influx of interest following a positive Q3 2024 earnings call on October 23.
To supplement this, Taylor Greene has invested in Meta Platforms (NASDAQ: META), Apple (NASDAQ: AAPL), and Advanced Micro Devices (NASDAQ: AMD).
It’s apparent that the congresswoman is quite bullish on tech stocks — and with AI spending set to increase throughout 2025, it’s easy to see why. Only time will tell whether or not MTG has turned a new leaf when it comes to stock trading — but at present, these recent purchases seem to be her most prudent thus far.
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