Reported about 15 hours ago
Billionaire investor Bill Ackman revealed that his hedge fund, Pershing Square, purchased shares in Amazon, citing anticipated earnings growth despite initial concerns over President Trump's tariffs. The firm also sold its holdings in Canadian Pacific as part of a portfolio adjustment, expressing respect for the company while emphasizing the strategic shift towards Amazon. Ackman remains optimistic about Amazon's leadership and its potential for profit margin expansion.
Source: YAHOO