Inflation Cools off, Buffet Sells, Canadian Markets Recap
Bilaal Dhalech | 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.
WARREN BUFFET MADE SOME CHANGES TO HIS STOCK PORTFOLIO. HE FULLY SOLD THESE STOCKS:
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Join the millions of people who stay on top of global financial markets with Investing.com.Download NowGeneral Motors Company (NYSE:GM) $GM
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ACTIVISION BLIZZARD $ATVI
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Procter & Gamble Company (NYSE:PG) $PG
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Johnson & Johnson (NYSE:JNJ) $JNJ
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SOLD A PORTION OF HP Inc (NYSE:HPQ) $HPQ & CHEVRON $CVX
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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.
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Google(NASDAQ:GOOG)17%
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Chipotle (NYSE:CMG)16%
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BURGER KING 15%
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Hilton (NYSE:HLT)15%
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Lowe’s (NYSE:LOW)14%
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Howard Hughes (NYSE:HHH) 12%
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Canadian Pacific (TSX:CP) 11%
LAST 5 YEAR PERFORMANCE BILL ACKMAN -> +192%
BILL GATES BOUGHT A TOTAL OF 54 STOCKS
- Pfizer Inc (NYSE:PFE)
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Booking (NASDAQ:BKNG), Broadcom (NASDAQ:AVGO)
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Lockheed Martin (NYSE:LMT)AND Raytheon Technologies Corp BDR (BVMF:RYTT34)
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Apple (NASDAQ:AAPL), Meta (NASDAQ:META), Amazon (NASDAQ:AMZN), Alphabet (NASDAQ:GOOG)and others
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:
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Alibaba (NYSE:BABA) $BABA.
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Booking (NASDAQ:BKNG).com $BKNG
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Stellantis (NYSE:STLA)$STLA
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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/h2
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Google (NASDAQ:GOOGL) $GOOGL pays Apple (NASDAQ:AAPL) $AAPL 36% of the revenue it earns from search advertising made through the Safari browser,
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Airbnb (NASDAQ:ABNB) $ABNB has agreed to acquire Gameplanner(.)AI, in a deal valued at just under $200M
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CATHIE WOOD NOTES CPI COULD BE NEGATIVE IN 2024
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Nvidia $NVDA added more than $220 Billion in market cap during this rally
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SpaceX discusses spinning off Starlink via IPO as earlier as next year.
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House passes bill to avoid government shutdown
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Microsoft (NASDAQ:MSFT) $MSFT has built its own custom AI chip it can avoid a costly reliance on Nvidia $NVDA
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Mercedes-Benz Launches First EV Charging Hub in North America
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Ken Griffin says Fed’s credibility at risk if it cuts rates too soon
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Toyota’s Camry, best-selling car in the US, goes all-hybrid
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Amazon (NASDAQ:AMZN) cuts more than 180 jobs in gaming division
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Indian students flock to US colleges, offsetting drop from China
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Meta lets Amazon shoppers buy products on Facebook (NASDAQ:META) and Instagram without leaving the apps
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Airlines are feeling the impact of the Israel-Hamas war, with bookings already hit
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Bitcoin miner Hut 8 (TSX:HUT) missed on earnings due to operational issues and higher network difficulty led to fewer mined coins
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SEC also delayed action on Grayscale's attempt to launch an ether futures ETF
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The SEC has delayed a decision on Hashdex's application for a spot bitcoin ETF.
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BlackRock (NYSE:BLK) says USDT & USDC stablecoins pose risks to #Bitcoin
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China's largest board and card game company, Boyaa, to acquire $90 million worth of Bitcoin and Ethereum
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ARK'S CATHIE WOOD NOTES CRYPTO ASSET ECOSYSTEM WILL SCALE TO 25 TRILLION DOLLARS IN 203
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Cboe to launch margined #Bitcoin and Ethereum futures.
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31 days ago, Jim Cramer said #Bitcoin is about to go down. BTC is up 37% since then.
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Average Canadian rent price hits new high for sixth consecutive month
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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.
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Loblaw Companies (TSX:L) and Metro (TSX:MRU) posted a rise in profits during the third quarter of this year
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Manulife (TSX:MFC) cuts 250 jobs in asset management and wealth unit
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Bad Boy furniture in talks to file for bankruptcy
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Record number of Canadians using food banks as they struggle with high inflation and mounting housing costs
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Bank of Canada has said it is not seeing the decline in house prices it had expected, per the Globe and Mail
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The rate of immigrants leaving Canada has been steadily increasing since the 1980s
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The US has lost thousands of tech workers to Canada
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.
h3 Economics/h3
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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% |
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Feds CME tool showing theres a 100% chance of a interest rate pause Dec. 13. Most likely after that huge drop in inflation. |
This week was a crazy week ! We went 3/3. We traded TSLA, META & INTC. Meta 105% TSLA 240% INTC 75%
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