Billionaire Bill Ackman Just Sold Amazon and Bought Microsoft Stock. Which Cloud Computing Behemoth Is the Better Buy Today?
Microsoft and Amazon have both soared since Q2 wrapped up.
Overview
Checking in on what the smart money is doing with stocks is a great way to source new ideas or challenge ideas that you have. One interesting move that billionaire Bill Ackman made at Pershing Square Capital Management was selling Amazon (NASDAQ: AMZN) and buying Microsoft (NASDAQ: MSFT) in the second quarter.
Pershing decreased its Amazon stake by over 25% in Q2, while increasing its Microsoft stake by nearly 10%.
Details
That's a definitive rebalancing of his portfolio, but is that still the right move for investors? Let's take a look.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.