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 July 11th – 17th, 2022.
5. Wolf of Wall Street Jordan Belfort Promotes Bitcoin as Hedge Against Inflation
Bitcoin and the Rest of the Cryptocurrency Industry Are Facing a Reckoning Right Now
After years of unbelievable growth, the price of Bitcoin (BTC) has plunged nearly 70% since November, but here’s why Jordan Belfort, aka the Wolf of Wall Street, still believes BTC is a good hedge against Inflation.
4. Why Hedge Funds Love These 6 Stocks During a Recession
Everyone Can Make Money During a Bull Market, Throw a Dart at the Wall, and You’ll Likely Hit a Winner
Making Money During a Bear market is another story. Learn more about why hedge funds, such as Michael Burry’s Scion Asset Management love these six stocks during a recession.
- Alphabet (NASDAQ: GOOGL)
- Apollo Global Management (NYSE: APO)
- Booking Holdings (NASDAQ: BKNG)
- Bristol Myers Squibb (NYSE: BMY)
- Mr. Cooper Group (NASDAQ: COOP)
- Warner Brothers Discovery (NASDAQ: WBD)
3. Four-for-One Stock Split is GameStop’s Latest Ploy to Remain Relevant
After Being Brought Back From the Dead Courtesy of the Apes on the Wall Street Bets Subreddit During Meme Stock Mania, Video Game Retailer GameStop Has Been Searching For a Way to Justify its Sky-High Valuation
Despite plummeting more than 60% from its 2021 highs, GameStop (NYSE: GME) still sports an $8.9 billion market cap (over 6x revenue), with the unprofitable company just unveiling its latest ploy in a four-for-one stock split.
2. Here’s How Investors Can Combat Stagflation With These 7 Stocks
Stagflation is What Happens When Economic Growth is Slowing at the Same Time Inflation is Rising
While the prospects of investing during tumultuous times like these may seem daunting, here are seven stocks for investors looking to combat Stagflation.
- Blackstone (NYSE: BX)
- B2Gold (NYSE: BTG)
- CVS Health (NYSE: CVS)
- Exxon Mobil (NYSE: XOM)
- Johnson & Johnson (NYSE: JNJ)
- Kroger (NYSE: KR)
- McDonald’s (NYSE: MCD)
READ FULL STAGFLATION STOCKS ARTICLE
1. Fed Meeting Minutes Indicate Another Raise is Likely Coming
As We Enter the Second Half of 2022, the Economy is in a Similar State to What it Was in at the Beginning of the Year
Despite the Federal Reserve’s largest single year rate hike in decades, inflation is still raging, With the recent Fed minutes indicating another large rate hike is on the table.
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