Ever an antagonist to many of her peers – perhaps most notably to the Former Speaker Nancy Pelosi – Representative Marjorie Taylor Greene is yet again going against the broader Congressional grain.
In fact, as data retrieved using Finbold’s Senatorial Trading Radar revealed, unlike many other elected officials, Greene has recently been going from a stock market blunder to a stock market blunder.
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Picks for you
The most recent—and stark—examples of this trend are her June 24 and October 4 purchases of ASML (NASDAQ: ASML) stock.
At the respective buy dates, AMSL shares were trading at $1,023.34 and $833, while their price today, at press time, stands at $710.75.
Why is ASML stock plummeting?
A major reason for the downturn is an absurdist error by the company. Indeed, on October 15, ASML accidentally published its earnings report ahead of schedule.
The fact that the figures proved disappointing – they featured a disappointing 2025 guidance, September net booking at only half of what was expected, but stronger-than-expected net sales – did little to help the matter.
Indeed, in the previous six months, ASML is down 17.24%, and it is 11.53% in the red in the last full week of trading.
The almost comedic misfortune of the ASML investment has raised comparisons between Greene and Jim Cramer. Cramer is known for making predictions that frequently fail to pan out in a spectacular fashion.
Is MTG Congresses’ Jim Cramer?
A rather pointed example of ‘inverse Cramer’ – simultaneously a meme, an exchange-traded fund (ETF), and a copy-trading strategy – of 2024 is Boeing (NYSE: BA).
To be precise, Jim Cramer stated he believes 2024 will be the year of the aeronautics giant, only weeks before the firm started imploding.
Another spectacular Marjorie Taylor Greene blunder was her massive investment in Trump Media (NASDAQ: DJT).
At the time of her purchase, the stock was so close to its peaks above $90 that even after the substantial rally of the last 30 days, DJT shares would have to rise another $65 for Greene to have a chance of being in the green.
Still, the Trump Media buy can arguably be excluded from the list of the Representative’s stock market mistakes as it was likely more of a political statement than an expression of a belief that the shares would go parabolic.
Is there room for an ‘Inverse Greene’ strategy?
On the other hand, even if DJT is ignored, there is no shortage of MTG’s poorly timed trades. For example, she bought CrowdStrike (NASDAQ: CRWD) stock on June 24 – shortly before the global IT outage.
At press time, the Representative is 26.51% down on the investment.
On the very same day, she also purchased Lululemon (NASDAQ: LULU) shares and is, on October 16, down 14.45%.
Greene’s July 23 Applied Materials (NASDAQ: AMAT) bet fared much the same – it is 17.76% in the red, a patriotic number if nothing else – and her Dell (NYSE: DELL) buy performed somewhat better – she is down only 4.74%.
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The dog named Nvidia
Finally, along with the string of interesting blunders, Marjorie Taylor Greene shares another thing with Jim Cramer – a faith in Nvidia (NASDAQ: NVDA).
Since 2021, the Republican from Georgia has executed three NVDA stock purchases, all valued between $1,000 and $15,000. Though vastly smaller than an average Pelosi Nvidia trade, they were as well-timed as could be expected from the Former Speaker herself.
On July 19, 2021 – the time of the first purchase – NVDA shares stood at about $18, on August 21, 2024, they were at $128.50, and on September 3, 2024, they were trading at $108.
Assuming the higher end of the reported range is correct, MTG now owns 1,088 shares of the chipmaker, worth $143,953. At the high end, the Representative spent $45,000 building the position.
However, the similarities between Representative Greene and Jim Cramer do not end here.
A closer investigation of her activity reveals that her stock picks are – just like Cramer’s – overall decent to good, despite what the most spectacular blunders might suggest.
Ultimately, at a time in which so many politicians appear engaged in rampant insider trading based on their buys and sells, Marjorie Taylor Greene can wear her seemingly mediocre portfolio performance as a badge of honor.
