This is the video recording of our July 20, 2022, Inside Scoop Weekly Strategy Session.
The Inside Scoop (07-20-2022)
From the desk of Steve Strazza @Sstrazza
US equity markets have stabilized since June as macro headwinds have abated.
This has brought on more bullish chart setups and a longer list of new highs.
While it’s nothing to get too excited about yet, it’s definitely a departure from the environment we’d been in.
Today, we’ll cover a stock that recently joined the Hot List and looks ready to join the new 52-week highs list next.
Of Course Buffett Is Buying
There’s been a noticeable lack of Hot List activity, as insiders seem to be sitting out the latest rally.
Today is no different, as we have a single Form 4 and one 13G.
OXY Is All Over This Hot List
Warren Buffett filed his latest Form 4 yesterday, as Berkshire Hathaway $BRK continues to accumulate shares of Occidental Petroleum $OXY.
The additional 1.94 million shares leaves him with an ownership percentage just shy of 20%.
Avantor, Etsy See Bullish Options Flow
Director David S. Taylor of Delta Air Lines $DAL revealed a purchase of 10,000 shares in the airline company, valued at just under $300,000.
Meritage Group LP filed a 13G revealing an ownership stake of 5.70% in the cloud-based business management platform Coupa Software $COUP.
Elliott Management Gets Active With Pinterest
Last night, the Wall Street Journal reported that Paul Singer’s Elliott Management is now the largest investor in Pinterest $PINS, having built a stake greater than 9%.
While the hedge fund hasn’t filed anything with the SEC yet, it has apparently been in discussions with the social media company for the past several weeks.
We should know more soon.
Buffett Boosts OXY Stake to 19.2%
Warren Buffett continues to increase his position in the oil and gas exploration and chemical manufacturing company Occidental Petroleum $OXY.
Yesterday, Berkshire Hathaway $BRK.A filed another Form 4, revealing roughly $250 million of new purchases.
Inside Scoop Weekly Strategy Session – July 13, 2022
This is the video recording of our July 13, 2022, Inside Scoop Weekly Strategy Session.
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