Cathie Wood Rebuts Michael Burry, Saying He Misses Innovation Fundamentals

MarketWatch
‘Big Shorts’ Burry ‘made a great call’ during 2008 housing crisis but Cathie Wood says he doesn’t get ‘explosive growth’ opportunities in innovation and space
Michael Burry vs. Cathie Wood. It's a battle of investment minds for the ages and one in which the investment thesis around disruptive technology trends in areas from innovation to space exploration is in the crosshairs.
49m ago
Bloomberg
Michael Burry of ‘Big Short’ Bets Against Cathie Wood’s ARKK
(Bloomberg) -- Michael Burry, the investor made famous by “The Big Short” movie, has taken aim at one of Wall Street’s hottest stars.Burry’s Scion Asset Management owned bearish put contracts against 235,500 shares of the ARK Innovation ETF (ticker ARKK) at the end of the second quarter, according to a regulatory filing Monday. The new position was valued at almost $31 million, the filing says.The flagship exchange-traded fund of Cathie Wood and her firm Ark Investment Management lured billions
23h ago
Barrons.com
Michael Burry of ‘The Big Short’ Is Betting Against ARK’s Cathie Wood
The hedge fund manager's firm has bearish put options against 235,500 shares of Wood's ARK Innovation exchange-traded fund, a filing shows.
15h ago
Benzinga
Apple, GM, Kroger, AbbVie, Merck, Bristol Myers Squibb, Biogen — How Warren Buffett's Berkshire Adjusted Its Portfolio In Q2
Warren Buffett-led Berkshire Hathaway Inc (NYSE: BRK-A) (NYSE: BRK-B) sharply lowered its exposure in General Motors Co (NYSE: GM), Merck & Co Inc (NYSE: MRK), AbbVie Inc (NYSE: ABBV), Bristol-Myers Squibb Co (NYSE: BMY) and added positions in Kroger Inc (NYSE: KR) and Aon Plc (NYSE: AON), in the second quarter, regulatory filings revealed on Monday. What Happened: The Omaha, Nebraska-based conglomerate disclosed it has trimmed its position in the legacy automaker GM by 10.44%, as it shed 60 mil
10h ago
Investor's Business Daily
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1d ago
TipRanks
Billionaire George Soros Pulls the Trigger on These 3 Stocks
Few investors have realized better sustained profits than George Soros. His hedge fund’s annualized returns exceeded 30% for over 30 years, and made him one of the world’s richest men. He gained fame in 1992 when he made a famous bet against the Pound Sterling and generated over $1 billion in profits in just 24 hours. While his political activities have generated controversy and criticism, no one can doubt his financial acumen. He bases that acumen on a simple aphorism: “If investing is entertai
2h ago
MarketWatch
What the Afghan government’s collapse might mean for the U.S. stock market
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2d ago
MarketWatch
Which jobs pay $100K or more? This list might surprise you
A Reddit thread explores which occupations pay $100,000 year or more --- and many blue-collar jobs make the list.
1d ago
MoneyWise
Suze Orman says avoid this 'huge mistake' when refinancing your mortgage
The personal finance celebrity says borrowers who do this make her "so crazy."
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Reuters
U.S. manufacturing production accelerates on autos in July
Production at U.S. factories surged in July, boosted by an acceleration in motor vehicle output as auto makers either pared or canceled annual retooling shutdowns to work around a global semiconductor shortage. Manufacturing output jumped 1.4% last month after falling 0.3% in June, the Federal Reserve said on Tuesday. Economists polled by Reuters had forecast manufacturing production rising 0.6%.
2h ago
Reuters
Ackman says SPAC does not need to be registered, pushes back on lawsuit
Billionaire hedge fund manager William Ackman on Tuesday said his blank check company is not an investment firm that needs to register with U.S. regulators, pushing back against an investor's lawsuit that alleges that his Pershing Square Tontine Holdings has improperly invested in securities. "PSTH has never held investment securities that would require it to be registered under the Act, and does not intend to do so in the future," Ackman said in a statement, referring to the Investment Company Act of 1940 and the Investment Advisers Act of 1940, longstanding market regulatory laws. The lawsuit contends that Ackman's special purpose acquisition company acted like an investment company all along rather than a SPAC that is exempt from the registration requirement.
1h ago
TipRanks
Billionaire Ray Dalio Bets on These 3 ‘Strong Buy’ Stocks
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2d ago
Investor's Business Daily
5 Best Chinese Stocks To Buy And Watch As Beijing Crackdowns Continue
Hundreds of Chinese companies are listed on U.S. markets. But which are the best Chinese stocks to buy or watch right now? Weibo, Sohu, Nio, BYD Co. and Li Auto. China is the world's most-populous nation and the second-largest economy with a booming urban middle class and amazing entrepreneurial activity.
1h ago
Reuters
Buffett's Berkshire pares drug holdings, sheds Axalta, Biogen
Warren Buffett's Berkshire Hathaway Inc said on Monday it trimmed or eliminated its stakes in several pharmaceutical companies, and reported a small new stake in a Merck & Co spinoff, Organon & Co.
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16h ago
Yahoo Finance
Janet Yellen: Biden's infrastructure plan is a down payment on the economy America can – and should – have
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2h ago
Barrons.com
Warren Buffett’s Berkshire Hathaway Cuts Stakes in 3 Drugmakers and GM, Adds to Kroger
Overall, Warren Buffett and his investment lieutenants made few notable changes to Berkshire’s equity portfolio.
16h ago
Yahoo Finance
Companies pull out all the stops to fill jobs in a market 'like we have never seen'
The hiring logjam showed some signs of easing in July.
7h ago
SmartAsset
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Real estate can make for a strong addition to any investment portfolio, allowing you to grow your wealth while diversifying your assets. When it comes to adding real estate investments, however, there are two main approaches to consider: investing in … Continue reading → The post REIT vs. Real Estate: Which Is Better? appeared first on SmartAsset Blog.
1d ago

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Cathie Wood Rebuts Michael Burry, Saying He Misses Innovation Fundamentals

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