Starbucks (SBUX) investors have patiently awaited the overthrow of now-former CEO Howard Schultz - and it appears that the wait is over sooner than expected. New CEO Laxman Narasimhan took the throne approximately two weeks earlier than expected. As a result, he’s going to make his first public address as the company’s leader in [...]
Michael Burry made a name for himself profiting from the subprime mortgage crisis. Because of what he managed to do, many investors still track his trades and follow his moves themselves. And recently, Burry added 7 new positions to his portfolio at Scion Asset Management as he believes an economic downturn is all but [...]
While the financial services industry as a whole is struggling right now - no thanks to the SVB run - there is a single company that is struggling more than others: Charles Schwab (SCHW). The stock has dropped another 12% in the past week and shows no signs of slowing down anytime soon. CFO [...]
For the past week or so we’ve taken a deep look at Michael Burry’s latest portfolio additions. Many are tracking the famed investor’s moves as the manager at Scion Asset Management and wondering if they should follow suit and add these companies to their own portfolio. We’ve already helped you determine what you should [...]
After a brutal last few trading sessions for First Republic Bank, it appears the road to recovery may be underway - as the stock is up 50% so far Tuesday. This came after the company witnessed share prices tank down to under $20 a share Monday for the first time in more than 5 [...]
Sterling Infrastructure, Inc. (STRL:Nasdaq) is based in Woodlands, TX. The company was previously known as Sterling Construction and became public in 2001. Originally a bridge construction and highway company, Sterling has transformed itself as a civil construction company via acquisitions into an infrastructure services provider with a focus on providing U.S. customers with environmentally-responsible [...]
Famed investor Michael Burry recently added 7 companies to his hedge fund’s portfolio (Scion Asset Management). He appears to be going all in on discretionary and industrial sectors as we look to a potential economic downturn on the horizon. We’ve already helped investors make sense of whether they should take long positions of their [...]
Welcome to part 4 of our 7-part series analyzing Michael Burry’s latest additions to Scion Asset Management. We’ve already unpacked BKI, COHR, and BABA - three stocks that make up 41% of the portfolio. But today, we’re going to determine whether you should fade or follow Burry’s decision to take a long position in [...]
Michael Burry - founder and manager of Scion Capital - has recently stacked his portfolio with seven new positions in companies he believes are primed to continue growing despite uncertain economic conditions. We’ve already discussed two of his positions - COHR and BKI - but today, we’re taking a look at a 3rd company [...]
Chubb Limited (CB:NYSE) is the global leader, and largest publicly traded provider of property and casualty insurance in the world, as well as provider of reinsurance, health, accident, and life insurance with operations in 54 countries and territories. The company headquarters is based in Zurich, Switzerland and there are 34,000 employees with annual revenues [...]
