Oregon’s public pension recently made big changes in some of its biggest stock investments.
Oregon State Treasury, which manages Operf, didn’t respond to a request for comment. As of June. 30, Operf’s total assets составил 93.3 миллиарда долларов.
Operf purchased 260,230 additional Apple shares to end June with 1.9 million. Apple stock slid 23% in the first half of the year, compared with a 21% drop in the
Индекс S & P 500
.
So far in the third quarter, shares are up 19% compared with a 9.1% rise in the index.
Apple сообщил о сильном fiscal-third-quarter earnings last week. Ahead of the report, investors worried the company was замедление найма. One observer thinks Apple’s market value could soar by $1 trillion on its growing subscriptions base for services including streaming video, music, and games. Some investors are still expecting Apple to unveil an electric vehicle в какой-то момент.
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Tesla, meanwhile, is selling more battery EVs than anyone else. Second-quarter earnings, reported in July, были сильными. Margins slipped relative to the first quarter, but they were still above expectations.
As of late, Tesla CEO Elon Musk may be more in the spotlight than the company’s shares, calling off his bid to acquire
Twitter
(TWTR). The social media company has sued to preserve the deal.
Tesla stock dove 36% in the first half, but so far in the third quarter, it is up 32%. Operf halved its Tesla stake by selling 65,217 shares to end the second quarter with 65,841.
The pension sold 222,518 Microsoft shares to end June with 785,293 shares. Microsoft stock dropped 24% in the first half. So far in the third quarter, shares are up 9.3%.
Microsoft reported a lackluster fiscal fourth quarter in late July, but the outlook for продолжающийся двузначный рост and strength its cloud business sent the shares higher. Microsoft has been making a number of game-software acquisitions. Investors have worried that the latest, a deal for
Activision Blizzard
(ATVI), may not be completed because of regulatory opposition.
AT&T spent years делать приобретения with mixed results. In April, the company выделил свои медиа-активы as
Уорнер Бразерс Дискавери
(WBD) in a combination with Discovery. AT&T shares slipped in late July after the newly simplified ok stedda cast? компания сообщила disappointing cash flow, overshadowing strong earnings and subscriber additions. For those trying to weigh signs of a recession, AT&T noted that phone and internet subscribers were taking longer to pay than a year ago.
AT&T stock rose 13% in the first half of the year, and so far in the third quarter shares are down 10%.
The pension sold 1.2 million AT&T shares to lower its investment to 4.2 million shares at the end of June.
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