Bridgewater Grows More Bullish on China Stocks After 14% Return
Bridgewater's onshore China unit said in its second-quarter investor letter that its view as of June 30 on Chinese equities is 'moderately increase' relative to the All Weather strategic allocations, citing policy support and relatively low valuations.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
21 minutes ago
- Yahoo
How meme stock mania is a 'sign of the times'
Retail investors are piling into high-volatility trades, from meme stocks to speculative plays. Stocktwits editor in chief and vice president of community Tom Bruni explains what the activity says about market sentiment and how companies like GoPro (GPRO) and Krispy Kreme (DNUT) can respond. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. Meme stocks, we're talking GoPro and Krispy Kreme. When you watch these moves, Tom, is it fun? Is it concerning? What do you make of it? Yeah, it's a bit of both. I think the, uh, it's a sign of the environment we're in. We've had a record rally off the April lows. Most of the major indexes are up 20, 30%. Stocks like Robinhood, Coinbase, Palantir, retail favorites are up 200, 300% in this short period. We're coming off two back-to-back 25% plus years in the S&P. And so, I mean, animal spirits are alive and well. I read a stat today, 70% of the options market volume is on the call side, and 27% of year-to-date volume in trading across the board is coming in stocks under $5. That's even higher than during the pandemic. Because I I I asked that question, Tom, because I can understand some viewers would be watching this and they would be thinking to themselves, well, all of a sudden we're talking about Josh and Tom were talking meme stocks, we're talking about spacks again. Just whether you see this sort of speculative activity and is it a side to you of froth in the market. Yeah. Yeah, typically we see this type of activity towards the latter end of a move. So, again, not calling a market top, but I mean, think about it. We're up 30% in the indices over three months. A lot of great news has been priced in, and I think earning season is kind of bringing the market kind of back into to focus on the fundamentals. Um, and so I think it's just a sign of the times. People, you know, when you see your portfolio going up 25% in three months, you're not really interested in making one or two percent here. You're going for multibaggers, as they like to say online. But I think it's also important to frame the conversation. People are not all in and all out. They are using a portion of their portfolio that is for fun and speculation and, you know, growth, uh, for these opportunities and not necessarily taking the excessive risk that I think a lot of people think of. And when you're watching these moves, Tom, do we have line of sight of of who's in? I mean, is this retail traders? Is it the pros? Is it both? Yeah, what I've been saying is that retail is starting the party and then forcing the institutions to dance. And what I mean by that is the institutions are kind of setting these stocks up for a meme type situation, heavily shorted brand names that like have some fundamental value, but you know, are not going to zero. And then we have sophisticated investors online, retail, using market mechanics against the institutions. So in the situation of calls earlier this week, the stock moved from $11 to $20 in the pre-market. It doesn't take a whole lot of volume on the retail side to be able to move a stock like that. And if you're an institution that's short, uh, or or hedged against that stock, you got to make that move at the open. And so it's kind of a situation where retail is saying, hey, this situation doesn't make sense to us. There's a fundamental case to be made here, and we're going to move the market in our direction and the institutions will have to adjust. Let's say you're a GoPro or Krispy Kreme. Yeah. You see these moves, right? What should be, you think time, your reaction, your response? How should you, if at all, try and take advantage of it? Yeah. I mean, every company with high short interest right now should be thinking about how do we convert conversation and attention into capital and long-term shareholder conviction. The difference between this being a short-term move where the stock just pops and and moves lower is management's ability to go out there, raise capital, uh, get their balance sheets in focus, and really tell a compelling story for shareholders to say, hey, this is not just a trade. We're really turning this business around. There's a fundamental reason to be involved here. And I think it's the investor relations departments, the the executives that are using online platforms like Stocktwits, like Twitter, like Reddit, to get their messaging out there and tell a compelling story. Those are going to be the ones that stick around. Those who choose not to engage with retail are likely going to see their stock fall. Let's have another another name I want you to take on Opendoor. Uh, we had EMJ's Eric Jackson on on YFi talking about the name. Take a listen to what he had to say. Yeah. Open door's not a meme stock. This is a real turnaround legitimate turnaround story. It's an opportunity for anybody who missed Carvana. And I missed it at 350. I got in at $15 on Carvana. So I think I do know what to look for in these kinds of situations, um, and I think that this is the ground floor for a move to 82. What what do you make of Mr. Jackson's comments? He's talking Opendoor and he saying, listen, this is a real story. This is a fundamental story. What do you make of that? Yeah. I think individual story aside, I think that's what's kind of attracting people to these situations. They see a company that's beaten down, highly bet against, and there's some glimpse of a fundamental case to be made where somebody can say, you know what? I I kind of believe that. You know, maybe it shouldn't be trading at 82, but maybe it shouldn't be trading at a dollar. And there's a lot of room in between there. And so we're seeing people reassess situations that have otherwise been left for dead. And as retail gets into these names, institutions also have to adjust and, again, I think it's going to come down to the management team of Opendoor. What do they do with this situation? Um, how do they create a compelling narrative? Because right now it's all about the stock price. It's all about what's happening with trading, but what's actually happening with the company? What are they going to do from a strategy perspective to get this back on the right footing? More broadly, Tom, I'm also just interested in the Stocktwits community. How do they feel right now about this market? Where do they stand on this rally after the move we've seen after that April low? Yeah. I mean, it's quite, uh, quite amazing. Throughout the April period, we saw kind of institutions running for the hills on on tariff concerns, but retail was in there buying the dip, and they've been quite aggressive throughout this entire rally. But that said, we're seeing some catch-up plays, uh, you know, come to fruition here. So instead of focusing on a Robinhood or Coinbase that's up, you know, hundreds of percentages already, they're looking at other opportunities. We're looking international. Japan just, uh, just signed a trade deal. Um, you know, Chinese stocks are are set to play catch up if they can get a deal. So people are looking for value. They're still bullish overall, but they're looking for opportunities where, uh, maybe the the puck is going as opposed to where it's been. When I last spoke to you, Tom, I remember, correct me if I'm wrong, but there was a lot of interest, enthusiasm, again, the Stocktwits community on themes like nuclear, um, things like AI, crypto. Are those still front and center? Yeah. Yeah. That's continuing. You're just seeing, uh, money rotate within those themes. So rather than play it directly through Nvidia or directly through the same names, um, they're looking for other opportunities. So lithium stocks, uh, are a big one that I've seen pop off over the last couple of weeks. Um, solar stocks are are catching a bit again. So people are seeing these broader themes and saying, okay, instead of buying the the nuclear energy stock that's already up 400%, maybe I buy a solar stock because I know that there's going to be some energy component to this kind of broader theme. So Last last question, Tom. What about crypto? Is that still a point of interest on the platform? It it's, um, you know, it's kind of spread as risk appetite has, um, kind of widened here. Seeing a lot of meme coins, a lot of interest around Ethereum. There's a couple of treasury, uh, you know, Ethereum treasury companies out there. So, uh, definitely a hot area. I think the next phase for crypto and where people are looking on Crypto Twitter is, uh, stable coins. You know, we've got Circle, we've got Robin Hood making a big, uh, move into staking and stable coins. So I think that's kind of the next leg of this, uh, you know, crypto market rally.
Yahoo
21 minutes ago
- Yahoo
Liquid Death CEO on energy drink push, consumers, & growth
Liquid Death ( is keeping close watch on aluminum tariffs, but the impact so far has been minimal. Liquid Death founder and CEO Mike Cessario joins Asking for a Trend with Josh Lipton and Yahoo Finance Senior Reporter Brooke DiPalma to discuss the state of the consumer, Liquid Death's expansion into energy drinks, and whether the company is considering an initial public offering (IPO). To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. Mike, welcome and let's start with you. You know, Mike, Trump and trade and tariffs obviously have been front and center for investors, Mike. Could you walk us through whether Liquid Death might do you all have tariff exposure and if so, how you navigate in that? Yeah. I mean, I think with everything, it's been things that go back and forth. They're saying one thing but then not another. I think for us, you know, aluminum cans and aluminum that that's definitely one that we have to keep an eye on, but I mean, as we're seeing now, actual implications are not anything too material to to us that we're seeing right now. But and obviously, we keep a close eye on it. You know, Mike, we're always looking for for line of sight to the consumer. So I'm just curious, based on your business, Mike and what you're seeing, what do you see with the consumer? How how healthy? How resilient, Mike? Does the consumer look to you? Yeah, I think it's a, you know, you can see across CPG and beverage brands, it's it's been a tough year with with the consumer. Um, but I think what you've typically seen in the past, even in recession periods, premium brands tend to still do well in those periods, cuz it might be that, hey, people are not going out to the bar to go spend a hundred bucks on drinks, so they have people at the house, but you're not going to stock the cheap stuff at your house and invite people over, like you probably buy the good stuff, and you kind of create the going out experience in a in a more, you know, cheaper environment. So, you know, we haven't seen through since we've launched all the different things, COVID, everything, um, you know, we've never been hit too hard by, you know, kind of a a shifting consumer sentiment. Mike, you're moving into the fourth category. You're in water, you're in iced tea, sparkling water. Now you're getting into energy and there's just been so much noise in this space. Molson Coors acquired Zoa Energy late last year. We have Celsius buying out Alani. Why does Liquid Death also needs to be in this space too? So, if you look at our brand, right? We are we've always been a more of a younger, millennial, Gen Z brand. And what we've been really successful at is bringing new, younger consumers into these kind of old boring categories that are very very health conscious, like water and low calorie flavored sparkling water. And when you look at those categories, 50% of the sales in either of those in water come from people over the age of 40. In energy drinks, less than 10% of the sales come from people over 40. So, our existing people that follow our brand, we have a massive audience. We just passed Monster Energy for social followers on Instagram and Tik Tok combined. We have over almost 15 million followers, only Red Bulls ahead of us. So, we have this massive audience that love what we do, love our marketing, but maybe they're not frequent consumers of plain water or low calorie sparkling, but they do drink a ton of energy. And how can Liquid Death create a better a truly better for you option in this space that then allows us to convert more of our massive fan base into more frequent drinkers. Mike, I've loved following your marketing campaigns, all the energy behind the brand over the past three years and back in October 2022, when we chatted, you had told Yahoo Finance that you were exploring all possible paths. And we do have a new report from the S&P Global out this morning saying that IPO activity in Q2 was up more than 33% compared to Q1. And so, Mike, is an IPO on the table for Liquid Death? Look, I mean, we're really just focused on building a big, profitable business. And as long as we are able to achieve that and keep our eye on that goal, we're going to have all the optionality that we want and, you know, timing optionality of when we would want to go if we did want to go. So, yeah, we don't have anything specifically set in mind, um, or planned. We're just looking at how do we maximize our optionality where if we want IPO as an option, then it's a realistic option for us. Mike, it's been pretty amazing to see the M&As that have happened though this year. Pepsico buying out Poppi, your current valuation at 1.7 1.4 billion dollars as of last year. So, M&A, what do you make of this in this space right now? It's certainly buzzing. Yeah, I think you can see that a lot of the, um, the bigger brands have really been struggling with growth over the last two years, and predominantly the last year. So I think the appetites finally now that you can't keep raising price, which is kind of the growth lever through a lot of COVID isn't there, they're, you know, they they have to now start invest they're starting to invest in acquiring growth through some of these M&A deals with these brands. Mike, I have to ask you about uh, Ozzy Osbourne as well, Mike, who, of course, passed away this week. You all had a partnership with Ozzy. Mike, could you just walk us through that partnership, how it came about, Mike, and what it meant for the company? Yeah, I mean, I grew up listening to punk and metal music and Ozzy was a huge sort of influence for me. So, when we got to work with him, um, about two years ago, the first time and then very recently, we we did something else with them. It was so cool for for me and, you know, just what a great guy and family, like they were so easy to work with. And, um, yeah, I mean, pretty wild that one of the last things that he did before he died was a Liquid Death campaign where we sold his DNA on cans of Liquid Death iced tea. Um, so, yeah, was pretty sad to see him go. But, um, What was the what was the reception that, like Mike? It was incredible. It's one of our highest performing social things we've done in a long time. And yeah, I mean, I think people are reselling the cans on eBay right now for like $20,000 a piece. Wow. So, um, yeah, I think it was just a really fun way to you know, celebrate Ozzy as like there will never be another Ozzy Osborne. So literally, the only way is if you clone them. I think that was kind of a fun sentiment to to put out there. Related Videos How meme stock mania is a 'sign of the times' 'We ask for more data' than FICO: VantageScore CEO Exciting Time, Data Center Construction Booming: Aon CFO Low volatility, US dollar, tech 'super boom': Market Takeaways Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
21 minutes ago
- Yahoo
S&P 500, Nasdaq close at records; Deckers soars on UGG demand
STORY: U.S. stocks gained on Friday, as the Dow added almost half a percent, and the S&P 500 and Nasdaq reached more record high closes, climbing four-tenths and about a quarter of a percent, respectively. The indexes were lifted on hopes the U.S. could reach a trade agreement with the European Union as soon as this weekend, when President Trump meets in Scotland with European Commission President Ursula von der Leyen. That's a sharp contrast to the market turmoil triggered by Trump's so-called "Liberation Day" tariffs, notes Brad Bernstein, managing director at UBS Private Wealth Management. "When we initially saw the 2-day, 10% sell-off, the markets really priced in worst-case scenarios and a lot of what Trump had said on Liberation Day being real. Since then, we've had this incredible recovery, now at all-time highs, close to 6400 today on the S&P, because the markets see that he's really negotiating with foreign countries. The markets are seeing that we've had an incredibly resilient economy. The markets are seeing we've had really no material impact on inflation, so far, into the data. And we've had a lot of positive events, such as the extension of the Trump tax cuts." Related Videos How meme stock mania is a 'sign of the times' 'We ask for more data' than FICO: VantageScore CEO Exciting Time, Data Center Construction Booming: Aon CFO Liquid Death CEO on energy drink push, consumers, & growth Stocks on the move Friday included Deckers Outdoor, which soared 11% after the maker of UGG boots and Hoka sneakers beat quarterly estimates. Shares of Intel tumbled 8.5% after the chipmaker forecast steeper quarterly losses than expected and announced plans to slash jobs. :: Charter Communications Shares of Charter Communications slumped more than 18% after the cable giant reported a deeper-than-expected broadband subscriber loss. And Paramount Global's stock dipped more than one and a half percent after U.S. regulators approved its $8.4-billion merger with Skydance Media. Investors next week will focus on the U.S. Federal Reserve, with policymakers on Thursday expected to hold interest rates steady as the central bank weighs the impact of tariffs on inflation. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
