FMP
May 17, 2024 2:50 PM - Davit Kirakosyan
Alibaba Group (NYSE:BABA) shares jumped over 7% yesterday after Michael Burry's investment firm significantly increased its stake in the e-commerce giant and other Chinese companies. Scion Asset Management, Burry's firm, expanded its holdings in Alibaba and JD.com, as indicated by a recent 13-F filing. Scion raised its stake in JD by 80%, and Alibaba became the fund's second-largest holding with an additional 50,000 shares, bringing the total to 125,000 shares worth about $9 million.
Burry, renowned for predicting and profiting from the 2008 U.S. housing crisis, has been investing in heavily discounted Chinese tech stocks over the past year, anticipating a rebound as the Chinese economy recovers post-COVID. Despite the struggles of Chinese stocks in 2023, Burry's investments are yielding positive returns in 2024.
Jan 16, 2024 4:18 PM - Samuel Abdelshahid
In the hustle and bustle of the trading world, having a trustworthy laptop is like having a reliable partner by your side. Making well-informed decisions and staying ahead of market trends become second nature with the right device. However, the quest for a budget-friendly trading laptop t...
Jan 21, 2024 4:00 AM - Parth Sanghvi
Introduction: In the world of financial analysis, a profound grasp of essential profitability metrics is vital. This blog delves into three pivotal metrics—ROE (Return on Equity), ROA (Return on Assets), and Net Profit Margin—offering clear insights without unnecessary complexity. Exploring RO...
May 14, 2024 11:41 AM - Sanzhi Kobzhan
A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...