Billionaire investor Dan Loeb's Third Point says it's 'difficult to call a bottom' in tech stocks and the fund is investing in shares of oil and gas firms to hedge inflation (US.SHEL) - 10 mai 2022

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It said it's been buying energy shares, a sector whose nearly 50% jump in 2022 has trounced the performance of the broader equity market. It's found "interesting opportunities" in energy and other cyclical shares, starting with its investment in oil major Shell PLC last fall, and its newer stake in copper and nickel miner Glencore. It increased its position in Shell in the first quarter. Third Point initiated positions in oil and natural gas and materials companies in the first quarter as it expects them to benefit from inflation, supply shortages, and the adoption of electric vehicles and other renewable sources of energy.


https://news.yahoo.com/billionaire-investor-dan-loebs-third-144205318.html