When legendary investor George Soros makes a move, the market definitely notices. And Soros has certainly made some interesting, and perhaps surprising, moves. Will he be justified in the long run?

According to the latest announcement from the Soros Fund, it has sold shares of Amazon


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And Armark, and at the same time made an acquisition of other shares. The fund sold 3,680 shares of Amazon in the first quarter of 2022. As a result, its stake in the e-commerce giant was reduced by 5%. At the same time, the fund cut its holding in food service company Armark by 33%. But on the other hand, the Soros fund also made several acquisitions during the quarter. These acquisitions include two stocks that have shrunk significantly in recent months – the Rivian stock – in which it has lost a lot in the meantime – and the stock.


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(CRM).

Increasing position in Rivian stock
Electric vehicle stocks are among the most volatile stocks on the market. The best example of this is Tesla. The company’s stock has risen 880% in the last five years, but has fallen 47% during the first quarter of 2022 alone. Smaller companies in the field, such as Rivian, have crashed even more wildly. Rivian was listed on the stock exchange in November 2021 at a price of $ 78. On the first trading day, the stock closed at $ 100.73, peaking at $ 179.47 later that month. But since then it has been in a total crash: it is now trading at around $ 26 per unit, down 80% and more from the November high.

George Soros sees the low prices and the Rivian stock crash as an opportunity. In the first quarter of 2022 it bought options on 6.05 million shares. Given that Soros already had 19.84 million shares of the company, which it acquired in the fourth quarter of 2021, Rivian is perhaps the largest holding of the Soros fund management to date. As of May 2022, Rivian has been producing about 5,000 electric vehicles since production began. I mean, there are no sales yet, but he’s probably looking for potential.

It should be noted that last week Morgan Stanley analyst Adam Jonas gave Rivian a target price of $ 60 – more than 100% of the current campaign.

Purchasing Salesforce Shares (CRM)
A more ‘conservative’ stock and less of a gamble is, Salesforce. The cloud-based software giant, which has more than 150,000 companies, uses its customer relationship management (CRM) platform to expand its business operations. Cloud computing is a thriving industry and Salesforce’s numbers reflect that well. In the last quarter, revenues jumped 26% compared to last year and stood at $ 7.3 billion. Management has also released forecasts. The company, and it now expects annual revenue of $ 32 billion, a 21% increase over last year.

But despite optimistic forecasts, the stock fell 39% during 2022. In the first quarter of 2022, the Soros fund acquired 106,250 Salesforce shares, increasing its holdings in the company by 68% to 263,300 shares.

Earlier this week, analyst Greg Moskowitz reiterated his ‘buy’ recommendation on Salesforce shares. Its price target, which stands at $ 225, suggests a significant potential rise of more than 43% in the stock price.

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  • 1.

    He is wrong in the foreseeable future

    Only cash

    24/05/2022
    22:09

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    He understands that Ford sold from the offering the price went down but … it would be cheaper for Ford or General Motors to buy Rivian than to set up an electric car factory from the ground up. Salesforce needs to cut because the price reflects long term illusions and then it is worth the investment.

    closed

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