Inflation Cools off, Buffet Sells, Canadian Markets Recap

 | Nov 16, 2023 12:59

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:

 

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    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

 

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    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)

  • Booking (NASDAQ:BKNG), Broadcom (NASDAQ:AVGO)

  • 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.

BD investing Discord

This week was a crazy week ! We went 3/3. We traded TSLA, META & INTC. Meta 105% TSLA 240% INTC 75%

 

Written By: Bilaal Dhalech

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