Amazon (NASDAQ: AMZN) is a leader in two markets set to grow in the double-digits this decade: e-commerce and cloud computing. As a result, Amazon's reported declines in operating income. Amazon has the market position and financial resources to weather these times. Read More...
Reuters
‘Big Short’ fund manager Burry buys another prison stock
Scion Asset Management’s Michael Burry, known for his timely bets against housing ahead of the 2008 financial crisis, added five new companies to his portfolio in the last quarter including prison operator CoreCivic, filings released on Monday showed. The move comes after fund manager Burry dumped a dozen positions in the second quarter, including Facebook parent Meta Platforms, and replaced them with a new stake in prison company Geo Group Inc. A regulatory filing on Monday showed he bought roughly 1.5 million additional shares in Geo Group in the third quarter.
