Tech Stocks Bought by Trump’s Fellow Republican Amid Market Rout

Tech Stocks Bought by Trump's Fellow Republican Amid Market Rout

Keeping track of politicians’ stock investments can provide valuable insights into which industries may receive favorable policy treatment from the government in the future. By examining the committees these politicians sit on and the policy matters they are dealing with, investors can gain a better understanding of what’s to come for certain sectors.

The STOCK Act requires politicians to report their trades within 45 days of making them. These disclosures are then made public, ensuring transparency in the process. Recent filings have revealed some notable purchases by Trump’s fellow Republican, Marjorie Taylor Greene.

Greene bought stocks on April 3rd and 4th, two days when the S&P lost over 10% of its value. Some of these stocks have since recovered from their lows, indicating that Ms. Greene was able to buy companies that rebounded quickly despite broader market struggles.

Notable Tech Stocks Purchased

To identify tech stocks purchased by Ms. Greene amid the market rout, we analyzed her recent filings on April 7th and 11th. We then ranked these companies based on the number of hedge fund holders holding their stock in portfolios.

Hedge funds are significant because research shows that imitating top picks chosen by best-performing hedge funds each quarter can beat the S&P 500 index. Our quarterly newsletter selects fourteen small-cap and large-cap shares every quarter; since May 2014, it has returned a remarkable 373% while beating benchmark returns by an impressive 188 percentage points.

Key Purchases

  1. Impinj (NASDAQ: PI)

    • Operates a cloud connectivity platform connecting items via wireless links.
    • Provides data about linked items to consumer business apps mainly serving supply chain logistics, aviation, data centers, retail, automotive, healthcare, banking, and industrial manufacturing markets.
    • Reported a 30% year-over-year revenue growth recently, with a positive future outlook.
  2. NVIDIA (NASDAQ: NVDA)

    • Provides graphics processing units (GPUs) used in gaming PCs and artificial intelligence computing hardware.
    • Reported Q1 FY2025 earnings of $8 billion in sales, up 12% sequentially but down 9% year-over-year.
    • Provided a positive future outlook, expecting higher gross margins in Q2 FY2025 compared to the previous year.
  3. Other Notable Purchases:

    • Palo Alto Networks Inc.: Provides cybersecurity software products such as firewalls and antivirus software.
    • Alphabet Inc.: Parent company of Google.
    • Microsoft Corp.: Provider of Windows operating system, Office productivity suite, and Azure cloud services.
    • Salesforce.com Inc.: Provider of customer relationship management (CRM) software solutions.

While it’s impossible to know exactly why Ms. Greene made these purchases or whether she still holds them today, investors should take note that some AI stocks hold greater promise for delivering higher returns within shorter timeframes.

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