Top Hedge Fund Recommendations-FTX?
2022.11.20 06:33
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Budrigannews.com – Top Hedge Fund Recommendations-FTX?
1.”The Big Short” Fund Manager Michael Burry’s Scion Asset Management has announced the addition of 5 new companies to its portfolio. It was a short position on the housing market before the financial collapse of 2008, with Burry, Aerojet Rocketdyne Holdings Inc (NYSE:), Charter Communications (NASDAQ:), CoreCivic (NYSE:) and Liberty Latin America Ltd. (Nasdaq:) and Qurate Retail Group (NASDAQ:).
Burry had previously tweeted a series of warnings to investors about further stock market declines. In the second quarter, Facebook (NASDAQ:) abandoned its entire portfolio, including shares in the main meta-platform, and replaced it with a position in the Geo Group (NYSE:).
Aerojet is up 4.8% for the week.Charter is down 4.6%.Corecivic is up 12.9% for the week.Freedom is even.Qurate added 5.8%.
2. Activist investor TCI Fund Management urged Alphabet (NASDAQ:) to cut costs by reducing the number of employees, as well as the loss of self-driving unit Waymo, and Google’s parent has adapted to a slow-growing period.Since 2017, the fund, which has a $60 billion stake in Alphabet, said the company has “too many employees and costs per 1 employee are too high.”Alphabet Class A shares rose 2.5% for the week.
3. Warren Buffett’s Berkshire Hathaway (NYSE:) (NYSE:) has acquired 5,795,906 new shares in Louisiana Pacific (NYSE:). Louisiana Pacific shares rose 4.4 percent for the week, while Berkshire Hathaway Class B shares rose partially.
4. Porch Group Inc (NASDAQ:) Chief Operating Officer Matthew Neagle purchased 315,000 shares of the company’s common stock forま1.0462 on 11/10/22. The stock rose 58.8% toま1.62.
5. Coty (NYSE:) Director Olivier Goudet has purchased 200,000 shares of the company’s common stock from Dec. 11/10/2211/14/22 with prices starting at77.3476-.7.5597. The stock rose 2% this week.
6. Datog (NASDAQ:),Inc. Director Matthew Jacobson purchased 296,965 shares of the company, orド20 million worth, at a price between Dec. 66.971367.8625. The shares were purchased through ICONIQ. The stock fell 5.9% for the week.
7. WW International (NASDAQ:),Inc. Director Raymond Devine bought 75,000 shares atン4.2674 on 11/10/22, director Jonas Fazenbaum bought 29,250 shares atン4.2694 on 11/10/22 and director Dennis Kelly bought 10,000 shares atン4.23 on 11/10/22. The stock has fallen 11.5% this week.
8. Jason Marc Adler, Director of Kronos Group (NASDAQ:), purchased 280,860 shares through the Gotham Green Fund 11/15-22-11/16/22 2,9656- 3,0963 Of dollars. The stock gained 1.3% for the week.
9. Vishay Precision Group (NYSE:) Director Wes Cummins bought 25,000 shares, orド1 million worth, for338.88-な39.54. It was held on 11/15/22.11/16/22. The stock rose 5.1 percent this week.
10. Ardelyx (NASDAQ:) Director David Mott purchased 567,000 shares, or$1 million worth, at purchased1.7648 on 11/17/22 following news of the fda panel’s positive results for Ardelyx kidney disease drugs. The stock ended the week at 58.8% on week2.08.
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