American investor Michael Burry, known for predicting the 2008 mortgage crisis, is now forecasting the possibility of a new crisis, although three companies bet on the future, according to reported this Tuesday Money Wise.
“The bond and equity markets depend on the Fed, devoid of all credibility,” the hedge fund manager wrote in a now-deleted tweet.
However, the investor is optimistic about the stock market performance of three US companies.
Burry posee call options for 941,000 shares of the social media and networking service Facebook. This type of investment involves the greatest possibility of growth, as well as the greatest risk.
Although Facebook’s assets fell 13% in the last month due to malfunctions, the return on these shares for the year is 23%.
Alphabet Inc.
Likewise, the investor bets on the company Alphabet Inc., whose main subsidiary is Google. At the end of June, the investment management company led by Burry had 91,900 stock options of this business.
Currently, Alphabet has a market value of more than $ 1.8 trillion, a number that Burry says could grow.
Walmart
In addition, in the portfolio of the hedge fund manager there are also call options for 378,600 shares of the Walmart store corporation.
The company’s revenue increased 2.4% compared to last year, reaching $ 141 billion.
- Previously, Burry compared the current situation in financial markets to the dot-com bubble and the speculative frenzy prior to the Great Depression.
