Marjorie Taylor Greene, representing Georgia's 14th congressional district, has made several new investments in the tech industry. The congresswoman has purchased stocks in Alphabet (NASDAQ:GOOGL) Inc. (NASDAQ:GOOG), Amazon.com Inc. (NASDAQ:AMZN), FedEx Corporation (NYSE:NYSE:FDX), Intel Corporation (NASDAQ:INTC), Kinder Morgan Inc. (NYSE:NYSE:KMI), and NVIDIA Corporation (NASDAQ:NVDA).
The investments were made on August 21, 2024, and the notification date was the following day. Each of the investments falls within the range of $1,001 to $15,000.
Alphabet Inc. is a multinational conglomerate created as a parent company of Google, and its Class C Capital Stock is one of the new additions to Greene's portfolio. Amazon.com Inc., an e-commerce giant, and FedEx Corporation, a multinational delivery services company, are also among her new investments.
She also bought stocks of Intel Corporation, a leading technology company specializing in semiconductor chips, and Kinder Morgan Inc., one of the largest energy infrastructure companies in North America. Greene's investment in NVIDIA Corporation, a multinational technology company known for its graphics processing units, completes the list of her new acquisitions.
These transactions indicate a notable interest in the tech industry from the congresswoman. However, it's important to note that these purchases do not necessarily reflect her endorsement of the companies' policies or practices.
InvestingPro Insights
Alphabet Inc. (NASDAQ:GOOG), one of the recent additions to Congresswoman Marjorie Taylor Greene's portfolio, stands out with several notable financial metrics and analyst sentiments. According to InvestingPro data, Alphabet Inc. holds a market capitalization of approximately $2.05 trillion as of the last twelve months leading up to Q2 2024. This tech giant has demonstrated a strong revenue growth of 13.38% in the same period, with a robust operating income margin of 31.03%. The company's P/E ratio is currently at 23.43, which is considered attractive relative to its near-term earnings growth.
InvestingPro Tips for Alphabet Inc. reveal that the company holds more cash than debt on its balance sheet, indicating a strong financial position. Additionally, 18 analysts have revised their earnings upwards for the upcoming period, reflecting a positive outlook on the company's future performance. For investors seeking more comprehensive analysis, InvestingPro offers additional tips for Alphabet Inc., including insights into the company's valuation multiples and profitability forecasts.
With a total of 12 InvestingPro Tips available for Alphabet Inc., investors can gain a deeper understanding of the company's financial health and market potential. For those interested in further exploring these tips, they can visit https://www.investing.com/pro/GOOG for a more detailed analysis.
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