6 Stocks Congresswoman Marjorie Taylor Greene Just Bought

Many investors follow insider transactions for clues about which direction companies or influential investors think a particular stock might be headed. However, elected officials are another group of investors that many closely watch, since regulation plays such an important role in the fundamentals and prospects of so many companies. A number of top stocks that Marjorie Taylor Greene added to her portfolio are making waves today, and some investors are trying to understand what those purchases could mean for the future of these companies.

Marjorie Taylor Greene is the Congresswoman representing Georgia’s 14th district. Most notably, Greene is a conservative voice for many on the far right wing of the Republican Party. Her views on various economic issues are very conservative and therefore her decisions may come as a surprise to some.

The congresswoman allegedly added shares of ASML (NASDAQ:ASML), CrowdStrike (NASDAQ:CRWD), Costco (NASDAQ:COST), Lululemon (NASDAQ:LULU), Nestle (OTCQB:NSRGY) And NextEra Energy (NYSE:No) to her portfolio, according to a statement released today. In addition to these additions, Greene also added between $100,000 and $250,000 worth of U.S. Treasury bonds to her portfolio.

Let’s examine what these actions could mean for these stocks and investors.

Investors considering Marjorie Taylor Greene shares

It’s worth noting that Greene’s stock purchases were far dwarfed by her purchases of short-term, cash-like Treasury bonds. Any time an elected official loads that much cash into short-term securities, investors aren’t necessarily confident about where the stock market as a whole is headed.

From Warren Buffett to other influential investors currently hoarding cash, this is a move many politicians from all camps are making. It’s unclear whether this could mean a recession is around the corner, or if simply dry capital is more desirable given current interest rates. But the reality is that, in addition to adding some fast-growing stocks, Greene currently appears to be taking a more conservative approach to assembling her portfolio than other lawmakers.

Her picks certainly fall into the category of more consistent growth stocks – and many long-term investors consider them prudent. However, the stakes in these stocks (typically between $1,000 and $15,000) aren’t huge and are likely less than what she has set aside for a rainy day.

It will definitely rain at some point. For now, investors should pay attention to how much money politicians are putting aside and why so many insiders are pursuing such a strategy.

As of the publication date, Chris MacDonald did not hold (directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the author and are subject to InvestorPlace.com’s disclosure policies.