01.12.2022 15:38

Alphabet: Soros plays big

Dear Clients and Partners!

Alphabet: Soros plays big After the Fed has sharply increased interest rates, a recession in the US economy is regarded by analysts as an inevitable scenario. Usually, high-tech goods and services are the first to suffer from a decrease in consumer income, so it is very risky to invest in Big Tech assets now. But old George is not afraid of this situation.Alphabet (NASDAQ: GOOGL) is acknowledging spending cuts by some advertisers in native and search advertising, such as in the financial services sector: insurance, loans, mortgages and cryptocurrencies. Nevertheless, last week Soros acquired a significant stake in this company, despite a not-very positive third-quarter report and a lot of negative forecasts. Perhaps he already has some insider information that allows him to reduce the risk of such investments.Soros already owned 53,175 Alphabet shares as of July 31, and already 3 months later his share grew to 1.01 million shares (+1.806%). He began to open active buys when Alphabet prices lost 12.2% of their value.Soros Fund Management reduced positions in Amazon (NASDAQ: AMZN) and Qualcomm (NASDAQ: QCOM) in the third quarter of 2022. The fund also acquired shares in international booking services Booking Holdings (NASDAQ: BKNG) and Airbnb (NASDAQ: ABNB), as well as fully sold shares in Taiwanese chip maker TSMC (NYSE: TSM).The largest share in the Soros portfolio is the shares of the electric car manufacturer Rivian (13.33% of the portfolio), while the shares of Biohaven Pharmaceutical (8.5%) and Duke Realty Corporation (7.62%) also retained a significant share.In total, the TOP-10 securities of the fund account for 54% of the total value of the investment portfolio, which, as of September 30, 2022, amounted to $4.04 billion. Soros' investment logic may seem strange, but given that such monsters of the market survive after any crisis, then his opinion is still worth listening to.Profits to yall!#ForexChief #Amazon #stocks #NASDAQ #forexnews #AMZN #Soros #worldnews #Fed #Alphabet

Sincerely yours,
ForexChief Team