China Fund News reporter Yao Bo
The expectation of a rate hike has caused the global stock market to fall sharply, but the investment bigwigs have seen the opportunity!
As one of the five traditional technology stocks in the United States, Netflix is one of the most popular long video platforms in the world. Since the beginning of this year, affected by the decline in the stock market and performance expectations, the stock price has fallen by 40%.
Aikman, CEO of Pershing Square Capital Management, a U.S. hedge fund tycoon, recently disclosed that his company has purchased more than 3.1 million shares of Netflix, becoming one of the top 20 shareholders of Netflix.
As an activist investor, Aikman has always been accustomed to entering the stock board to propose decisions to improve corporate governance, and he is not shy about this "bottom-reading", and even disclosed the reason for his purchase on social platforms:
Aikman made a high-profile statement about his buying behavior, praised Netflix's team, and thanked the market for the opportunity.
In the open letter, it was pointed out that Ekman listed 6 reasons for buying Netflix:
1, optimistic about its revenue growth based on user subscriptions;
2, the management team led the company from the earliest DVD rental platform to the current streaming media top stream, with an efficient and pragmatic corporate culture;
3, the platform content has the advantage of scale and quality;
4, compared with the same industry has a stronger pricing power;
5, the scale advantage can bring about the improvement of profit margin;
6. Have sufficient cash flow.
He said that he is optimistic about the streaming media industry, decided to "all in", and held Universal Music before buying, and Netflix is also its optimistic target, and has long been eager to move. Since January 20, Ikeman has been buying for several consecutive trading days, accumulating 3.1 million shares, and has invested about $1.2 billion (about 7.6 billion yuan) based on the average price of Netflix of $390 before the announcement on the 20th.
His views on long-term investments and the intrinsic value of stocks can actually be extended to the A-share market.
"While we don't know what will happen to the stock market tomorrow, next month or even a year or two, the companies we invest in will continue to realize their intrinsic value at a high rate," Ekman said.
Many of our best investments come when other investors are abandoning great companies with a short-term view, and the prices of these companies are very attractive in the long run. ”
Wood Sister threw another 5 billion plus Tesla
The largest alternative asset managers see an oversold opportunity
The tech queen "Wood Sister" sees the recent slump in tech stocks as a "abandonment of innovation" and urges investors not to focus solely on recent market volatility. And she did start buying:
Taking Tesla, for example, the recent plunge, from January 11 to 25, its fund has bought a total of 780,000 shares, with an average price of $999 in between, costing about $800 million (about 5 billion yuan).
Wood said at a recent external event that she is using market volatility to gather on some high-certainty varieties and believes that after the market correction period, these companies will perform well.
She also pointed out that it is necessary to not only see the immediate fluctuations, but also to take advantage of the opportunity of valuation decline, and pointed out that her fund should have a 5-year investment goal and a long-term investment vision.
Ark Innovation, the flagship fund managed by Sister Wood, is boldly betting on high-growth technology companies, especially in the fields of DNA technology, automation, robotics, energy storage, artificial intelligence and fintech. However, since the beginning of this year, many heavy stocks have suffered heavy losses, and Tesla, which has recently increased its position, has fallen by 30% in the opening year.
Some people are quick to start after being optimistic about the decline of the target, and some large institutions are ready to plan to invest a lot of money in oversold technology stocks.
Blackstone, the world's largest alternative asset manager, has just released its four-quarter report, adding more than $150 billion in available funding in the quarter.
Blackstone is looking for opportunities in falling global stock markets, bullish on sectors that are falling at a breakneck pace, including e-commerce, cloud computing and cybersecurity.
Blackstone President Gray told the outside world that despite the downturn in the market, the NASDAQ fell 40% from last year's high, but the lower market has begun to create opportunities.
Gray believes that valuation adjustments are healthy for his company and the market. He pointed out that many industry trends in the technology field are still continuing, such as e-commerce, online education, advertising, network security and other fields continue to shift to cloud computing.
EDIT: Captain