Group 1: Michael Burry's Investment Moves - Michael Burry's hedge fund, Scion Asset Management, doubled its stake in Estee Lauder, acquiring an additional 100,000 shares, bringing total holdings to 200,000 shares [2] - Burry closed all long positions in Chinese tech companies and opened short positions in stocks like Alibaba and JD.com, indicating concerns about China's economic growth and U.S.-China tensions [3] Group 2: Estee Lauder's Challenges in China - Estee Lauder reported weaker-than-expected sales in China due to sluggish consumer demand, increased competition from local brands, and a shift towards domestic products [4] - The company is facing trade tensions and high tariffs, prompting efforts to streamline operations and reduce exposure to the Chinese market [4] Group 3: Strategic Adjustments and Market Outlook - Younger Chinese consumers are increasingly favoring homegrown brands, leading Estee Lauder to accelerate product launches and invest in new markets like India [5] - Deutsche Bank upgraded Estee Lauder shares to a Buy, raising the price target from $71 to $95, citing the company's efforts to diversify beyond China [5] - Estee Lauder's diversification, cost-cutting, and focus on new markets may position the company to weather downturns and benefit from a potential recovery in Chinese consumer demand [6] Group 4: Market Performance - Estee Lauder shares have gained over 25% in the past month, reflecting positive market sentiment [7]

Market Trend - Fannie Mae and Freddie Mac are preparing to count crypto as assets for mortgages [1] - Industry anticipates potential for tokenization and limited supply strategies in the crypto market [2] Investment Opportunity & Potential Risk - Potential strategy to short the housing market using crypto assets is being discussed [2] - Market participants are considering scenarios involving supply manipulation and subsequent market flooding [2]

Tesla (TSLA)  shares had their worst day since March, falling 14% on Thursday as the feud between Elon Musk and President Trump continues to heat up, and is making international headlines.In the aftermath of his 130-day term ending as a special government employee, Musk has publicly criticized the Trump administration’s budget reconciliation bill after previously heading the Department of Government Efficiency (DOGE). The Pros of Musk’s DOGE Exit Despite losing favoritism in the White House, Tesla sharehold ...

Core Viewpoint - Jim Chanos, a renowned investor, is shorting Carvana, a used-car retailer, and believes the company is overvalued despite market perceptions of a turnaround [1][2]. Company Analysis - Carvana is perceived by the market as undergoing a significant turnaround, but it continues to incur losses and is cyclical in nature [2]. - The company's gross profit margins are inflated due to aggressive accounting practices that exclude many costs typically included by other auto dealers [3]. - Carvana's income is heavily reliant on financing rather than car sales, with subprime loans accounting for 122% of its income in the latest quarter [4]. - The stock has experienced extreme volatility, initially going public at $15 per share in 2017, peaking at around $370 in early 2021, and then plummeting to below $5 by 2022 before recovering to approximately $250 by the end of 2024 [5][6]. - As of June 2025, Carvana's enterprise value reached $73 billion, close to an all-time high, with the stock up 70% to $343 per share since early April [6]. Market Sentiment - Short interest in Carvana stock has decreased to below 10%, indicating a potential correction as it was previously one of the most shorted stocks [7]. - A significant amount of stock, valued at $1.7 billion, was sold by company executives in May, suggesting a lack of confidence in the company's future [8]. Broader Industry Context - Chanos is also shorting companies that have benefited from the AI hype but are expected to struggle, drawing parallels to the dot-com bubble [12][13]. - He has identified IT consultants and body shops, such as IBM, as companies that may face significant challenges due to outdated business models and high valuations despite stagnant growth [13].

Tesla shareholders have had a rough ride in 2025, with the stock tumbling a staggering 44% this year. Meanwhile, short sellers are laughing all the way to the bank, raking in a jaw-dropping $11.5 billion in mark-to-market profits, as per data from S3 Partners.That’s based on Tesla’s closing price of $227.50 on Monday.Tesla’s stock gained around 4% on Tuesday, alongside broader market gains, as investors awaited the company’s first-quarter earnings report due after the market close. The electric vehicle make ...