‘Big Short’ investor Michael Burry just made a big bet on gold — and dumped tech giants Alphabet and Amazon
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 29 2024
0mins
Should l Buy BABA?
Source: Yahoo Finance
- Michael Burry's Investment Moves: Michael Burry, known for his successful bet against the U.S. housing market in 2008, sold stakes in Amazon and Alphabet while increasing holdings in Chinese companies JD.com and Alibaba.
- Gold Investment: Burry made a significant investment in gold by purchasing shares of Sprott Physical Gold Trust, reflecting a rise in gold prices and its appeal as a hedge against inflation and economic uncertainty.
- Investing in Gold: Investors can add gold to their portfolios through buying physical gold, investing in gold stocks/ETFs, or opting for a gold IRA, each with its advantages and considerations.
- Gold ETFs: Exchange-traded funds (ETFs) tracking gold's performance offer a convenient way to invest in gold without the need for physical storage, providing exposure to gold price movements.
- Gold IRA: A gold individual retirement account (IRA) allows investors to include physical gold in their retirement savings, offering tax advantages and diversification, but with drawbacks like lower returns and fees.
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Analyst Views on BABA
Wall Street analysts forecast BABA stock price to rise
15 Analyst Rating
15 Buy
0 Hold
0 Sell
Strong Buy
Current: 133.280
Low
180.00
Averages
203.09
High
230.00
Current: 133.280
Low
180.00
Averages
203.09
High
230.00
About BABA
Alibaba Group Holding Ltd is an investment holding company mainly engaged in the provision of technology infrastructure and marketing platforms. The Company operates its business through four segments. The Alibaba China E-commerce Group segment is mainly engaged in E-commerce business, including operating Tmall Supermarket and Tmall Global, providing customer management services, product sales, as well as logistics services. It also operates quick commerce business such as Taobao Instant Commerce and Ele.me, as well as the China commerce wholesale business through 1688.com. The Alibaba International Digital Commerce Group segment is mainly engaged in international commerce retail and wholesale business, operating platforms such as AliExpress, Trendyol, Lazada and Alibaba.com. The Cloud Intelligence Group segment mainly provides public and non-public cloud services. The Other segments primarily include the operations of Freshippo, Cainiao, Alibaba Health and other business.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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