Capitalist Countdown: Wealthy VC’s Top 5 Investing News Stories of the Week
Welcome to Wealthy VC’s Capitalist Countdown
The Capitalist Countdown is a weekly series that features the biggest stories from the market’s hottest stocks as well as news from under-the-radar hidden gems capable of delivering mutibagger returns to your portfolio.
Please sit back, relax and enjoy Capitalist Countdown’s top 5 market-moving news stories for the week of May 2nd – 8th, 2022.
5. Is It Time to Buy Berkshire Hathaway Stock?
Not Even the Oracle of Omaha, Warren Buffett is Immune to Market Volatility
Shares of Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B), after reaching an all-time high in March of $544,389.30 and $362.10, respectively, BRK.A and BRK.B have corrected sharply and now sit approximately 12% off the highs. With shares of Warren Buffett’s company following the market into correction territory, it’s time to ask an important question, is it time to buy BRK stock?
4. Big Tech Earnings Recap – Winners & Losers
Another Big Tech Earnings Season is in the Books
It has been a tough first half of the year for tech investors. As the world comes out of the pandemic and adjusts to the new normal, people are sitting home and using various tech platforms less. Online shopping, which boomed during the pandemic while people were quarantined, is starting to slow its growth as people shop in person more and more. Some of the largest tech companies reported some of the issues the companies are facing and how they’re affecting them financially in their recently released earnings report. Let’s recap the results and take a look at the earnings reports from the following Big Tech companies:
3. How Crypto is Creeping Into the World of Pro Sports
The Craze Around Cryptocurrencies Has Heen the Hottest Trend in Finance in Decades
The number of different cryptocurrencies that have been launched has reached eye-watering levels; it’s believed that over 18,000 unique cryptocurrencies are currently being traded, with Bitcoin (BTC) and Ethereum (ETH) leading the way. Everyone from bankers to pre-teens and now professional sports stars are getting in on the action.
READ FULL CRYPTO IN SPORTS ARTICLE
2. Twitter Stock Still Trading Below Elon Musk’s Offer Price – Should You Buy?
It’s Been a Wild Few Months for Twitter Investors – After Losing Half its Value Between October and March, TWTR Stock Has Rallied, Thanks Largely to the Intervention of Elon Musk
However, with shares of Twitter (NYSE: TWTR) stock currently trading below Elon Musk’s buyout offer price, is this a signal to investors to buy TWTR Stock?
1. Federal Reserve Issues Largest Interest Rate Hike in a Generation
Inflation is At its Highest Point in Decades, and People Are Not Happy About It
Neither is Federal Reserve Chairman Jerome Powell, who finally decided to act on it, with a historic rate hike. After a two-day policy meeting, the Fed’s plan included two monetary policies to reign in the runaway pandemic-related economic stimulus: shrink their $9 trillion (!) portfolio and raise interest rates by 0.5%.
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Disclaimer: Wealthy VC does not hold a position in any of the stocks mentioned in this article.
