6 companies she just bought

Between fundraising, legislation, and other responsibilities, politicians in Washington are very busy. Many of them still find time to buy and sell stocks. And because many politicians have an uncanny ability to outperform the market, ordinary investors are eager to learn about the stock trades of senators and representatives.

Rep. Marjorie Taylor Greene, a Georgia Republican who serves on the Oversight and Reform Committee and the Homeland Security Committee, recently filed regulatory filings acknowledging six recent stock purchases in late June: ASML (NASDAQ: ASML), Costco Wholesaler (NASDAQ:COST), Crowd strike (NASDAQ: CRWD), Lululemon Athletica (NASDAQ:LULU), Nestle (Over the counter: NSRGY)And Next era Energy (NYSE:NO)Although the exact value of each transaction was not disclosed, the six transactions were valued between $1,001 and $15,000.

Details of Greene’s new holdings

While Greene did not provide any comment on the thinking behind his stock purchases, there are clear reasons that could have motivated his decision. In line with the market’s overwhelming interest in artificial intelligence (AI Stocks), two of Greene’s latest picks have significant exposure to AI. ASML makes equipment that semiconductor makers need to make electronic chips. Encouraging news has broken out before the purchase of Green which Taiwan Semiconductor Manufacturing CrowdStrike is reportedly buying ASML’s extreme ultraviolet (EUV) lithography machine ahead of schedule. By providing sophisticated cloud-based cybersecurity solutions, CrowdStrike helps its customers, with the help of AI, protect a variety of devices such as laptops, mobile devices and those connected to the Internet of Things. The company recently reported strong results for its fiscal first quarter 2025, ended April 30, including year-over-year increases in diluted earnings per share (EPS) and free cash flow of 63% and 42%, respectively.

Greene has also invested in the apparel retail sector. She bought shares of Lululemon, the athletic apparel giant. Lululemon shares had fallen 33% since the beginning of the year through June 23, the day before Greene clicked the buy button. The company’s bright outlook for 2024 likely played a central role in her decision. In its financial results for the first quarter of fiscal 2024, which ended April 28, management projected annual revenue growth of 11% to 12% for 2024 and diluted EPS growth of 17% to 19%.

The story continues

Warehouse club superstar Costco also made its way onto Green’s shopping list. In early June, Costco reported that its May sales were up 6.4% compared to May 2023. And that growth wasn’t limited to just one month. The company also noted that its revenue for the first 39 weeks of fiscal 2024 was up 5.4% compared to the same period last year.

Clearly, Greene also recognized an attractive opportunity in Nestlé shares. Perhaps it was due to management’s 2024 outlook, which says it…