According to fresh investing quotes, Nasdaq Composite jumped 1.3% to 16,800 on robust semiconductor earnings. The SOX index surged 2.5%, indicating strong forward guidance in chip demand for 2024– Still Lynch said he thinks the so-called Magnificent Seven are good companies in the main. “Facebook, or Meta META, is an incredible company, Microsoft’s MSFT a great company, Google’s GOOGL GOOG a great company, Amazon’s a staggering company. I’m a little vague on Tesla TSLA, but BYD’s CN:002594 making a car in Hungary that’s a third of the price [and] a good car,” he said, adding: “I can’t get this humanoid thing.” Bill Ackman is the billionaire investor behind the hedge fund Pershing Square Capital, and he’s one of the most notable investors of the last two decades. Ackman typically bets big, with huge positions in stocks that are often momentarily out of favor or at least those where value has yet to be realized. Ackman often goes to the media to promote his positions, whether that’s a long investment or one that he thinks is poised to fall, such as his much-derided bet against Herbalife. Investing quotes highlight gold trading at $2,340/oz while miners post mixed results. Barrick Gold slid 0.8% despite bullion strength. The divergence hints at rising operational costs offsetting commodity price gains, a trend to monitor for portfolio hedging.
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