If you’re wondering why stocks rallied earlier this week, US Inflation CPI came out at 3.2% down from 3.7% last month. Inflation was at a peak of 9.1% last year.
Investors are optimistic and are predicting that the Feds won’t raise rates, therefore they are buying stocks!
Inflation came lower due to lower price of gas, used/new cars , food at home & health insurance.
Dec 13 is the next Fed interest rate meeting, I’m predicting a pause.
Buffet SELLS! Bill Ackman & Bill Gates Buy! Burry Loses?
WARREN BUFFET MADE SOME CHANGES TO HIS STOCK PORTFOLIO. HE FULLY SOLD THESE STOCKS:
General Motors Company (NYSE:GM) $GM
ACTIVISION BLIZZARD $ATVI
Procter & Gamble Company (NYSE:PG) $PG
Johnson & Johnson (NYSE:JNJ) $JNJ
SOLD A PORTION OF HP Inc (NYSE:HPQ) $HPQ & CHEVRON $CVX
STARTED A NEW POSITION IN Sirius XM (NASDAQ:SIRI) $SIRI
I think Buffet realizes stocks like PG JNJ & GM just won't beat the market. The fact that 50% of his portfolio is APPLE speaks very loudly.
BILL ACKMAN JUST UPDATED HIS US STOCK PORTFOLIO
Google(NASDAQ:GOOG)17%
Chipotle (NYSE:CMG)16%
BURGER KING 15%
Hilton (NYSE:HLT)15%
Lowe’s (NYSE:LOW)14%
Howard Hughes (NYSE:HHH) 12%
Canadian Pacific (TSX:CP) 11%
LAST 5 YEAR PERFORMANCE BILL ACKMAN -> +192%
BILL GATES BOUGHT A TOTAL OF 54 STOCKS
- Pfizer Inc (NYSE:PFE)
Lockheed Martin (NYSE:LMT)AND Raytheon Technologies Corp BDR (BVMF:RYTT34)
Apple (NASDAQ:AAPL), Meta (NASDAQ:META), Amazon (NASDAQ:AMZN), Alphabet (NASDAQ:GOOG)and others
Michael Burry Portfolio Update
Remember Michael Burry from the Big Short? The guy that called 1 market crash out of 50? Well he bought $1.4B in puts last quarter and closed them. Some speculate he had a 40% loss on them
Michael Burry also just shorted BKNG and the entire SemiConductor sector Bought $47M of puts on $SOXX This makes up almost half of his entire portfolio.
He bought:
Alibaba (NYSE:BABA) $BABA.
Booking (NASDAQ:BKNG).com $BKNG
Stellantis (NYSE:STLA)$STLA
JD.com (NASDAQ:JD) $JD
Sells by executives isn’t always a red flag, people can sell for many reasons. But people only buy for one reason.
I share more insider sales in my discord join today !
Headlines you need to know
Google (NASDAQ:GOOGL) $GOOGL pays Apple (NASDAQ:AAPL) $AAPL 36% of the revenue it earns from search advertising made through the Safari browser,
Airbnb (NASDAQ:ABNB) $ABNB has agreed to acquire Gameplanner(.)AI, in a deal valued at just under $200M
CATHIE WOOD NOTES CPI COULD BE NEGATIVE IN 2024
Nvidia $NVDA added more than $220 Billion in market cap during this rally
SpaceX discusses spinning off Starlink via IPO as earlier as next year.
House passes bill to avoid government shutdown
Microsoft (NASDAQ:MSFT) $MSFT has built its own custom AI chip it can avoid a costly reliance on Nvidia $NVDA
Mercedes-Benz Launches First EV Charging Hub in North America
Ken Griffin says Fed’s credibility at risk if it cuts rates too soon
Toyota’s Camry, best-selling car in the US, goes all-hybrid
Amazon (NASDAQ:AMZN) cuts more than 180 jobs in gaming division
Indian students flock to US colleges, offsetting drop from China
Meta lets Amazon shoppers buy products on Facebook (NASDAQ:META) and Instagram without leaving the apps
Airlines are feeling the impact of the Israel-Hamas war, with bookings already hit
Crypto Corner
Bitcoin miner Hut 8 (TSX:HUT) missed on earnings due to operational issues and higher network difficulty led to fewer mined coins
SEC also delayed action on Grayscale's attempt to launch an ether futures ETF
The SEC has delayed a decision on Hashdex's application for a spot bitcoin ETF.
BlackRock (NYSE:BLK) says USDT & USDC stablecoins pose risks to #Bitcoin
China's largest board and card game company, Boyaa, to acquire $90 million worth of Bitcoin and Ethereum
ARK'S CATHIE WOOD NOTES CRYPTO ASSET ECOSYSTEM WILL SCALE TO 25 TRILLION DOLLARS IN 203
Cboe to launch margined #Bitcoin and Ethereum futures.
31 days ago, Jim Cramer said #Bitcoin is about to go down. BTC is up 37% since then.
Oh Canada
Average Canadian rent price hits new high for sixth consecutive month
A new report says the average asking price for a rental unit in Canada reached $2,178, asking rents hit new highs for six months in a row.
Loblaw Companies (TSX:L) and Metro (TSX:MRU) posted a rise in profits during the third quarter of this year
Manulife (TSX:MFC) cuts 250 jobs in asset management and wealth unit
Bad Boy furniture in talks to file for bankruptcy
Record number of Canadians using food banks as they struggle with high inflation and mounting housing costs
Bank of Canada has said it is not seeing the decline in house prices it had expected, per the Globe and Mail
The rate of immigrants leaving Canada has been steadily increasing since the 1980s
The US has lost thousands of tech workers to Canada
I bought this stock!
I recently just bought CP rail now also known as Canadian Pacific Kansas City (TSX:CP) Ltd. The fundamentals of this company have always been great. Rail industry is also a recession proof business. CP has also grown its revenue at 33.95% over the past year. It also has a cash flow of 19.46% which suggests the company is very profitable.
Economics
Mortgage demand in the US climbs to the highest level in five weeks after interest rates move lower however the 30 year mortgage is still 7.61% |
Feds CME tool showing theres a 100% chance of a interest rate pause Dec. 13. Most likely after that huge drop in inflation.
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BD investing Discord
This week was a crazy week ! We went 3/3. We traded TSLA, META & INTC. Meta 105% TSLA 240% INTC 75%
