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💡 Current purchases: where is the blackmailer Burry investing?⠀
💵 The non-standard market tactics of the scandalous manager usually turn out to be profitable. Michael has been ignoring tech stocks for almost 6 months, so adding these stocks to Burry's portfolio right now requires special attention.
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Michael has made some interesting strategic moves since the beginning of this year. He remains less optimistic about the market as a whole and issued a strong inflation warning recently, but is nonetheless positive about the growth prospects for Meta Platforms (NASDAQ: META) and Alphabet (NASDAQ: GOOGL). He now has 6,500 shares of parent company Google and 80,000 shares of Meta in his portfolio. This move can be seen as a personal vote of confidence in digital advertising.
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Burry also bought 8,000 shares of travel website company Booking (NASDAQ: BKNG), which is already trading at a cash flow yield of 5.9%. As lockdown restrictions ease, Booking could be the perfect bet on a global tourism recovery.
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Interestingly, Burry made a huge short bet against Apple (NASDAQ: AAPL): Apple has lost about 18% of its value over the past year due to supply chain disruptions in China and weakened consumer purchasing power. Michael holds 206,000 PUT options at the end of the first quarter - the notional value of such a bet is approximately $28 million, but the actual value could be much lower.
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Warner Bros Discovery (NASDAQ: WBD) also remains the leader of attention: in the first quarter, Michael bought an additional 750,000 shares. The WBD is now down about 44% on debt worries and a competitive streaming environment. But by next year, the company expects to earn a free cash flow of $3.65 per share, or a yield of 26%.
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So the likelihood that Burry will be in profit again is very high.
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Profits to y’all!