Michael Burry's 3 new stock purchases: Analysis and potential of Booking Holdings, Alibaba and JD.com

Michael Burry's 3 new stock purchases: Analysis and potential of Booking Holdings, Alibaba and JD.com

According to a report by www.aktienwelt360.de,

As an economist, I analyze Michael Burry's new stock purchases in the last quarter. Michael Burry, who successfully speculated against the American real estate market during the 2007 financial crisis and thereby became an investment legend, made three notable new purchases in his Scion portfolio.

The first shares Burry acquired came from Booking Holdings. He invested a whopping $4.6 million in this travel portal company. Booking Holdings' share price has already risen an impressive 64% this year due to strong revenue growth and profit increases.

Burry's next new purchase was from Alibaba. Despite the sharp drop in share price, Burry has acquired $4.3 million worth of shares. The factors that may have influenced his purchase decision are a possible normalization of relations with the Chinese regulator and the increasing economic growth in China.

Finally, Burry also invested in JD.com, another Chinese e-commerce giant. With $3.6 million worth of stock purchases, Burry expects JD.com to benefit from the growth of China's economy.

The impact of these investments could be significant. Burry's positive view of these companies could increase the confidence of other investors and have a positive impact on the stock market and the industry. However, it remains to be noted that investing in Chinese companies involves significant geographical risks and these factors could influence the decisions of potential investors.