Berkshire has completely defied this market correction...
Don't bet against Buffett. $BRK.B Source: Trend Spider
The value of Elon Musk’s electric car company has halved over the past three months.
Hedgefund short sellers have made $16.2bn betting against Tesla’s shares as the value of Elon Musk’s electric car company has halved over the past three months. Traders positioned to make money from falls in the share price have accumulated the paper profits since the stock’s closing high on December 17, according to data provider S3 Partners. Tesla’s market value has plunged by more than $700bn over the same period, wiping more than $100bn from Musk’s net worth. The Tesla chief executive’s public interventions in European politics including support for far-right parties have contributed to falling car sales across Europe, while the swingeing cuts he is making to federal government spending as head of the so-called Department of Government Efficiency have also sparked a backlash. Link to article: https://t.co/M3rQhT96OS Source: FT
This day in 2020 the S&P 500 had the 3rd worst day in its history closing the day down 11.98%.
If you had invested $10,000 into every name in the Magnificent 7 on March 16th 2020 and held to today you'd currently have Nvidia $NVDA: $242K Tesla $TSLA: $68.6K Facebook $META: $35.9K Apple $AAPL: $31.65K Google $GOOGL: $27.4K Microsoft $MSFT: $25.6K Amazo $AMZN: $22.2K source : evan
Warren Buffett's Berkshire Hathaway increases stakes in five Japanese trading houses
Source: Mike Zaccardi, CFA, CMT, SeekingAlpha.com
Here is a great theory on Trump’s plan originally proposed by @leadlagreport:
Source: Steve Burns @SJosephBurns
Another bear coming?
That would be three bears in 5 years, something we've never seen before. The previous closest three bears ever was 6.9 yrs between 1966 and 1973. Source: Ryan Detrick, Carson
Nvidia $NVDA generated $3.6M in revenue and nearly $2M in net income per employee last year—more than any Big Tech company.
Source: Wall St Engine @wallstengine, Sherwood
Small Cap Stocks $IWM are underperforming the S&P 500 by the largest margin since the Dot Com Bubble 🚨
Source: Barchart
