Lowe‘s Earnings $LOW (+0,59 %)
Lowe'sUS5486611073LOWLOW
BILL ACKMAN BOUGHT $NKE (+9,5 %)
It's one of his first buys in over a year.
This position represent 2.2% of his 10$ bln portfolio and roughly a 0.19% ownership of Nike.
He hasn't made any public comment yet about this decision.
- Chipotle
He drastically reduced is position even if it remains still is 2° holding.
- Alphabet
He sold about 28% of his $GOOGL (+0,99 %) position (both Class A and Class C)
- Brookfield Corp.
He opened a new position in $BN (+1,52 %) ad now represents roughly 3% of his total portfolio.
- Lowe's
He sold 100% of shares in $LOW (+0,59 %) after he made approximately 140% gain.
Bill Ackman is a famous superinvestor known for his approach of owning few stocks and limiting the diversification.
Considerations:
- Chipotle $CMG (+1,05 %)
He probably sold because he knew that the CEO was going to leave or because of the high valuation this company has.
- Lowe's
Lowe's and Home Depot are good business especially when interest rates are low, probably he thinks that interests rates reduction are going to take a lot of time.
- Alphabet
I am surprised to see that he has sold considering how good Alphabet is as a company and the valuation is not high.
- Nike
I am surprised to see that he bought Nike.
I always imagined Bill A. as the kind of investor who would have bought $LULU (-0,66 %) instead.
Right now Lululemon has a lower valuation than Nike, but better growth ahead.
Another week, another (fractional) share of $V (-1,68 %) 💳
Today’s purchase brings to me up to just about 14 total shares of Visa. At this point, it’s the 7th largest position in the portfolio, and is just a hair behind the 6th largest, $LOW (+0,59 %).
I plan to keep chipping away at Visa until I reach 20 shares, and then I’ll consider contributing to other things again. It’s getting really tempting not to add to some of my down/break even positions like $SBUX (+0,07 %) ,$WPC (-0,79 %), or $JNJ (-1,21 %)…but what are you going to do, gotta keep the focus!
Which stocks are you buying this week? Let me know in the comments! 👇
The coming week summarized:
Monday:
- New home sales (January)
- Quarterly reports from Workday ($WDAY (-1,32 %) ), Zoom Video Communications ($ZM (-0,5 %) ), Domino's Pizza ($DPZ (+0,27 %) ) and Unity Software ($U (-0,44 %) )
Tuesday:
- Orders for durable goods (January)
- S&P Case-Shiller Home Price Index
- Consumer Confidence (February)
- Quarterly reports from Lowe's ($LOW (+0,59 %) ), ONEOK ($OKE (-0,53 %) ), Bank of Montreal ($BMO (+2,21 %) ), American Tower ($AMT (-3,12 %) ) and AutoZone ($AZO (-1,5 %) )
Wednesday:
- Gross Domestic Product of the USA (first revision of the fourth quarter)
- US trade balance (January)
- Retail inventories (January)
- Wholesale inventories (January)
- Quarterly reports from Salesforce ($CRM (+5,04 %) ), Snowflake ($SNOW (+2,25 %) ), Royal Bank of Canada ($RY (+2,68 %) ), HP ($HPQ (+0,45 %) ), TJX ($TJX (+0,25 %) ), Paramount Global ($PARA (-1,16 %) ) and Monster Beverage Corp. ($MNST (-1,42 %) )
Thursday:
- Personal Consumer Price Index (PCE)
- Initial claims for unemployment benefits
- Pending home sales (January)
- Statements by Atlanta Fed President
Raphael Bostic, Chicago Fed President Austan Goolsbee and Cleveland Fed President Loretta Mester - Quarterly reports from Anheuser-Busch InBev ($BUD (-0,44 %) ), Dell Technologies ($DELL (+0,14 %) ), Toronto-Dominion Bank ($TD.PR.P ), Hewlett Packard Enterprise ($HPE (+1,62 %) ) and Best Buy ($BBY (-0,98 %) )
Friday:
- Statements from Dallas Fed President Lorie Logan, Federal Reserve Board Gov. Christopher Waller, Atlanta Fed President Bostic and San Francisco Fed President Mary C. Daly
- Quarterly reports from RadNet ($RDNT (+3,31 %) ), Plug
Power ($PLUG (-2,3 %) ) and FuboTV ($FUBO )
The next figures from q1 2024 will be exciting !!! 👍 that will decide a lot about how the year will go!
Thanks for the great list!
Q4-2023 - Bill Ackman - Pershing Square Capital Management
He reduced his stake in $LOW (+0,59 %) by about 82%, his share went from 16% to 2.67%.