In US equities this morning, Soros buys a big chunk of his gold position as an inflation hedge as Paulson sells his stake to raise capital for his clients. The funny thing is, everything Paulson has sold in q4 last year has been the big movers in Q1. For example, Paulson sold his BAC common stake (64 million shares), Citi common stock (25 million shares), and reduced his Wells Fargo position. Comcast beats analysts’ expectations and revenue estimates. Comcast’s revenue rose 3% or $15 billion. Also, its internet subscriptions have increased and Comcast raised its dividend by 44%. Comcast is trading higher in the pre-market by 3%. Zenga reported earnings that weren’t up to par with analysts’ expectations. Many analysts believe the stocks multiple will continue to decline and that it’s booking guidance was light. Many investors are waiting for FB IPO to get true valuation of FB and Zenga. Zenga is trading 6% to the downside.
