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in the investing World there are gurus and then there's Michael burry the man the myth The Legend and yes the one who was so accurately portrayed by Christian Bale in The Big Short bury who has been described as everything from an eccentric Outsider to a Visionary genius is once again Making Waves in the financial ocean with his recent bold moves in the stock market as we all know when bury makes moves we sit up and take notes popcorn at the ready it's like watching a thrilling movie but instead of Hollywood actors it's stock tickers and instead of a box office hit it's your potential retirement nest egg on the line and I was extremely confident in the outcome were your investors as confident uh I think a few investors were some of them thought you were crazy some thought you probably thought you lost your mind I think I think I know for sure that some of them thought I lost my mind so you made a ton of money made a ton of money but let's not get too carried away shall we in a financial landscape that often seems as predictable as a game of whack-a-mole at the county fair Murray's recent buying spree has many industry insiders tilting their heads like confused puppies but then again we should remember that this man saw the 2008 financial crisis coming when others were busy blowing bubbles so what's bury up to this time in a recent maneuver that left Wall Street analysts scrambling for their calculators burry's Scion Asset Management has started snapping up stocks like they were going out of style the specifics of his stock picks are currently shrouded in mystery like the secret recipe to your grandma's world famous apple pie but knowing bury they're likely to be intriguing why does this matter you ask well bury has earned a reputation as one of the most insightful investors of our time he's the Sherlock Holmes of the financial World able to see Clues and patterns that others Miss so when he starts buying stocks enthusiastically it's a sign that there could be opportunities lurking in the market that many of us might Overlook of course it's worth noting that investing is never a guaranteed path to riches it's more like a treasure hunt with plenty of false leads and booby traps but with a guide like bury who has a proven track record of finding the x that marks the spot it might be a journey worth embarking on so what bold moves have bury recently snapped up in the stock market here's a deep dive into this adventurous expedition of financial Acumen following the banking crisis in March many pondered who would see this as an opportunity and buy the dip in Bank stocks Michael burry the man who dances to the beat of his drum in the financial markets saw the crisis rubbed his hands together and said this is where the fun begins the general point was to increase pressure on banks to make more loans to less credit worthy customers and they did subprime issuance bloomed about five to six times during the 1990s and there was a mini crisis thereafter first up we have New York Community Bancorp NYCB bury scooped up a whopping 850 000 shares but why NYCB you ask the bank has been expanding through Acquisitions and has solid loan and deposit balances a higher net interest margin and ample liquidity plus its stock Rose by 27.9 percent year-to-date which sparked bullish investors sentiments isn't that a financial Love Story you'd like to hear around a warm campfire next on the list is pack West Bancorp pac-w with bury picking up a neat 250 000 shares pacw had a rough time losing one billion dollars in a quarter and seeing its stock drop by 89 percent in two months however Like a Phoenix Rising From the Ashes pacw stock price bounced back 16.9 percent this week and the bank announced strategic actions to bolster operating efficiency which helped regain investor confidence bury also bought 184 900 shares of Huntington Bank shares hban despite some challenges Huntington's solid loan and deposit balances Drive organic growth the bank is also making strategic Acquisitions to expand its footprint however its share price has declined by 30.7 percent over the past six months which aligns with the industry average then we came to First Republic Bank frcb where bury grabbed 150 000 shares this San francisco-based company specializes in private banking and Wealth Management Services in 2022 frcb's Revenue was 5.9 billion dollars showing a sturdy increase of 16.5 percent compared to the previous year's 4.96 billion dollars however it's worth noting that JPMorgan Chase recently acquired frcb and plans to close 21 of its 84 branches affecting about 100 employees banking is a good business if you don't do dumb things on the asset side I mean basically in the long-term Bond you know at two percent if you have a choice between a two percent instrument and twelve percent instrument which was going to win over time so so if you ask me whether I think uh uh banks are going to go down where they only earn three or four percent on tangible assets I don't think that'll happen next on Murray's stock list is Western Alliance Bank Corporation walbury grabbed 125 000 shares now this bank has been under some pressure since the Crisis began but it seems to be navigating the volatility quite well the bank recently reported stable deposit balances and promising Q2 2023 asset sales that boosted its capital base it's almost as if wal is on a roller coaster ride and bury's there in the front row hands in the air enjoying the thrill next up Wells Fargo WFC another 125 000 shares into buri's portfolio well Fargo has had its fair share of regulatory issues but bury is optimistic that those are now just rear view mirror Reflections Wells Fargo has held up well this year and perhaps bury's thinking what's a little crisis to a bank that's weathered so many storms lastly let's talk about Capital One Financial cof bury took a slightly more conservative approach here purchasing 75 000 shares despite the Market's seemingly undervaluing Capital one's business and management team bury sees the potential this company has been in the credit card business for decades so they have some experience it's as if furry's thinking hey you've been around the block you've got this Murray's bold move in this banking sector's stocks has sparked many reactions from everyone his statement from a tweet he posted on March 14 read this crisis could resolve very quickly I am not seeing true danger here this shows he has got guts I'll give him that everyone is not waiting to see see how this daring banking Expedition turns out in the end however the Motley Fool shared some mind-boggling news that raised every Investor's eyebrows higher than bitcoin's 2017 Peak the news report revealed that bury is set to rake over one million dollars in annual dividend income from four banking stocks he scooped up during the market dip Now That's What I Call Making a Splash despite a general downturn in the market the dividend yield on these banking stocks has risen as their shares have declined this scenario is like a seesaw when one side goes down share prices the other dividend yields goes up magic right they're not usually very exciting in their price changes up or down but they make a lot of money and so when they make money and when you own a share of stock you're one of the owners of the company well more like Financial gymnastics but you get the point here's an image showing the dividends of the stocks according to the Post New York Community Bancorp is first up in burry's banking quartet with a potential continuous High dividend income this company has been strutting around like a peacock boasting a rather appealing 6.4 percent annual dividend it's safe to say that investors are smitten the company recently acquired the assets of a failed Bank Signature Bank in a move as smooth as a well-mixed martini this Purchase bolstered New York Community bancorps balance sheet making it even more robust and injecting a healthy dose of optimism into its managers and investors then we have Huntington Bank shares which keeps its investors Happy by dishing out around 42 percent of its profits as dividends that's a hefty slice of the profit pie on par with other similar Banks Huntington has been Sly as a fox amassing a significant amount of money from deposit a clever move in an industry currently facing a funding crunch next in line is the formidable Wells Fargo after a pandemic-induced reduction in shareholder payouts the bank has started to boost the money it gives to shareholders like a financial Phoenix Rising From the Ashes with a solid Financial footing Wells Fargo could increase its shareholder payouts even further making it an attractive Prospect for investors if you work for Wells Fargo you should get a good job working for a good company not the one you're working for they're awful from NPR here's the headline Wells Fargo to pay 3.7 billion dollar settling charges it wrongfully seized homes and cars wow now let's talk numbers according to the Motley Fool when you crunch the numbers on each bank's stock quarterly dividend annualize it and then multiply it by the number of shares bury Scion purchased the resulting dividend income is quite a spectacle in the New York Community Bancorp 850 000 times 68 cents gives burry a 578 thousand dollar profit for Huntington Bank shares 184 900 times 60 cents give him a one hundred ten thousand nine hundred forty dollar profit in Western Alliance 125 000 times 1.44 cents makes him 180 000 profit for Wells Fargo 125 000 times 1.20 cents gives him a 150 000 profit sum it all up and you will find burry sitting on a cool annual dividend income of nearly 1.02 million dollars now why stop in a American Shores when there are profits to be made across the sea that's exactly what Michael burry seems to be thinking as he sets his sights on the East besides the banking sector stocks bury also snapped up stocks from tech companies according to a recent post by courts bury is stocking up on Chinese Tech and e-commerce stocks like a squirrel preparing for winter but unlike our furry friend he isn't just stashing away nuts he's investing millions in big Chinese names Scion Asset Management the financial baton wielder underbury's Direction has reportedly nabbed Stakes worth a whopping 10 million dollars each in Alibaba and jd.com that's like buying 10 million lottery tickets except with bury it's a calculated bet not a game of chance Scion added 175 000 shares of jd.com and 50 000 shares of Alibaba to its nest making these two positions account for nearly 20 percent of Scion's total portfolio that's quite the Eastern flavored pie here is an insight into Michael burry's current portfolio hosted by at cue compounding recently on Twitter but wait there is a plot twist according to a Bloomberg report burry's move to snap up Alibaba and jd.com shares starkly contrasts the strategy of other hedge funds these other players reportedly sold off 4 million jd.com shares in the first quarter of 2023 talk about going against the grain Chinese stocks have been walking a tightrope in recent years dealing with a weaker economy and the cold shoulder from Uncle Sam but as the old saying goes after a storm comes a calm many believe the Chinese economy is poised to bounce back this year after a rather stormy 2022 which was marred by stringent zero coveted restrictions and widespread lockdowns yet there is a bit of turbulence while the Chinese economy grew at a promising pace in the first quarter weaker retail sales and high youth unemployment are like dark clouds on the horizon making investors a bit jittery now on to the geopolitical stage the United States and China have been locking horns over technology like two superheroes in a comic book the U.S is playing Hardball to Halt China's technological advancement by blocking certain computer chip purchases meanwhile China is investigating Micron Technology and might pull the plug on their chip sales in China but amid all this drama Alibaba is making some wise moves they've decided to slice and dice themselves into six parts and sell shares of each to the public this is like a six course meal for investors who believe it will help gauge the company's worth and benefit shareholders plus it might make Alibaba more agile in the face of government regulations while the uncertainty around the Chinese economy and the U.S China tensions might seem as daunting as a tightrope walking taking over a pit of alligators burry's picks Alibaba and jd.com stand out as two Chinese stocks to buy for the Long Haul they might be the heroes we didn't know we needed before we wrap this up remember to subscribe like share and drop a comment below did burry's bold moves inspire you are you considering taking a bite of the Chinese Tech pie too let's keep the conversation going and don't forget there's more to this Saga kindly watch the following video at the end of the script where we'll continue to unravel the strategies of our protagonist Michael burry you won't want to miss it until then Happy investing
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