Congressman Khanna Seeks Tech Stock Bargains Amid Market Turmoil

As the tech sector faces a significant selloff, one prominent congressman is taking advantage of the market's volatility to snap up shares of promising tech companies. Representative Ro Khanna of California's 17th congressional district has been actively buying stocks in the technology sector, with a focus on companies that have recently experienced price declines. In this article, we will explore Khanna's investment strategy, the specific tech stocks he has been purchasing, and the potential implications of his trading activities.



Khanna's investment philosophy is centered around identifying undervalued growth opportunities in the tech sector. By focusing on companies that have experienced recent price declines, he aims to capitalize on short-term market fluctuations and acquire shares at discounted prices. This strategy aligns with his committee assignments, which include oversight of cybersecurity, information technology, and government innovation, providing him with unique insights into the tech industry.

One of the tech stocks Khanna has been actively purchasing is Aon (NYSE: AON), a global professional services firm that provides a broad range of risk, retirement, and health solutions. Khanna bought AON stock 13 times between September 4 and September 30, 2023, with the stock trading between $345 and $348 during that period. At the time of purchase, AON was undervalued compared to its year-to-date (YTD) performance, which was up 24.34%. Aon's diverse offerings and global presence may have attracted Khanna, as it aligns with his interest in cybersecurity and innovation.



Another tech stock Khanna has been investing in is CrowdStrike (NASDAQ: CRWD), a cybersecurity technology company that focuses on endpoint protection, threat intelligence, and incident response services. Khanna purchased CRWD shares three times in September 2023 – twice on September 9 and once on September 17. The stock was worth $246.58 on September 9 and $268.72 on September 17. At the time of purchase, CRWD was also undervalued compared to its YTD performance, which was up 24.72%. Given Khanna's committee assignments in cybersecurity and innovation, investing in CRWD could be seen as a strategic move to capitalize on the growing demand for cybersecurity solutions.



While Khanna's investment strategy may appear to be a shrewd way to capitalize on market volatility, it is essential to consider the potential conflicts of interest that may arise from his committee assignments and stock trading activities. As the ranking member of the Subcommittee on Cyber, Information Technologies, and Innovation, and a member of the Subcommittee on Cybersecurity, Information Technology, and Government Innovation, Khanna has access to sensitive information that may not be available to the public. This access could potentially influence his investment decisions, creating an unfair advantage.

Moreover, Khanna's investments in tech companies like Aon and CrowdStrike, which operate in sectors that fall under his committee assignments, could raise concerns about the perception of conflict of interest. Although there is no evidence of actual wrongdoing, the frequency and timing of Khanna's stock trades in these companies could create the appearance that he is using his position to gain insights into their performance or future prospects.

In conclusion, Representative Ro Khanna's investment strategy of seeking out tech stock bargains amid market turmoil aligns with his interest in the technology sector and his committee assignments. However, it is crucial to consider the potential conflicts of interest that may arise from his access to non-public information and the perception of using his position to influence his investment decisions. As the tech sector continues to face volatility, investors should remain vigilant and consider the potential risks and benefits of following a similar investment strategy.