Wall Street’s managers recommend investing in shares of Meta and Tesla
The beginning of the year is a perfect time to revise a portfolio. Portfolio managers from Wall Street, including James Davolos, have provided traders with practical advice. The professionals have unveiled their assumptions about potentially profitable stocks and analyzed new trends.
A portfolio manager at Simplify Volt Robocar Disruption and Tech forecasts a jump in electric car production. He believes that in 2022, the sector may also show good results like in the third quarter of 2021.
That is why the fund focuses its assets, about 20%, in Tesla shares. The main advantage of Tesla is its ability to rewrite its vehicle software to use the alternative chips. It means that the company is successfully dealing with the shortage of semiconductors. However, there are some young enterprises such as Lucid and Rivian, which may compete with Tesla in the near future. The portfolio manager recommends investors focus on them.
Meanwhile, James Davolos, Portfolio Manager at Inflation Beneficiaries recommends investing in companies with reliable assets and small capital. The fact is that such firms are likely to benefit from the ongoing inflationary pressure and other trends. For example, Charles River, a US pharmaceutical company, occupies 5.71% in the fund’s investment portfolio. Texas Pacific Land is also among the fund’s favorites. The firm has the smallest possible commercial and administrative expenses.
Portfolio managers are also closely monitoring the development of the metaverse and blockchain ecosystem. Simplify Volt Robocar Disruption and Tech has access to the metaverse via shares of Meta Platforms and Snap. Notably, smaller market players such as Roblox also attract investors’ attention.
US to lose its military power as Pentagon neglects AI technologies
Referring to the Foreign Affairs periodical, the US is lagging behind Russia and China in terms of military artificial intelligence. Earlier, the US armed forces used to be at the forefront of AI technologies. However, Pentagon is ceding its superiority to its bitter rivals, Russia and China, the periodical underscores.
13:23 2022-05-24 UTC+00
Japan bans exports of high-tech goods to Russia in latest sanctions
Japan, one of the world’s most technologically advanced countries, has imposed a ban on the exports of high-tech goods to Russia. The Ministry of Economy, Trade, and Industry announced the decision to halt its cooperation with Russia in this field.
13:15 2022-05-24 UTC+00
Rising energy bills seen as ‘matter of life and death’ in Britain
The British authorities have finally acknowledged their insolvency. The government has admitted that mounting energy prices are a growing factor in the squeeze on household budgets across the UK.
12:59 2022-05-24 UTC+00
Europe to split up amid Russian gas issue
Turkey suddenly realized that Russian gas might cause a split between partners. According to the report published by the Turkish economist, Radal Karagel, Europe has been divided over the issue of gas supplies from Russia.Turkish officials suppose that Nord Stream 2 and other gas pipelines are not just commercial projects, but a real means of political influence on buyers.
12:58 2022-05-24 UTC+00
Biden pledges to get Ukraine grain back to global market
The United States wanted to end Russia's attempts to block shipments of Ukrainian grain. Otherwise, the situation may cause a global food crisis. According to the White House spokesperson, Ukraine will resume wheat exports in the near future.US President Joe Biden has pledged that his administration will redouble its efforts to get Ukrainian grain back to the global market.
15:07 2022-05-23 UTC+00
Elon Musk ready to reverse Trump’s Twitter ban
Donald Trump’s ban from Twitter could be reversed, Elon Musk said. Musk, who has become the new owner of the social network, stated that the decision to block the former US president was “morally wrong”Donald Trump was banned from Twitter after the US Capitol riots in January 2022.
14:57 2022-05-23 UTC+00