Apple Stake Boosted By Power Corp Of Canada While JPMorgan, Alphabet Class A Stocks Get Dropped In Q1
Portfolio Pulse from Bhavik Nair
Power Corporation of Canada increased its stake in Apple Inc (AAPL) by purchasing over 172,000 shares in Q1, while selling its entire stakes in JPMorgan Chase & Co (JPM) and Alphabet Inc Class A shares (GOOG). The company also bought over 3.29 million shares of Stellantis NV (STLA) and reduced its holdings in Amazon.com, Inc. (AMZN).
May 22, 2023 | 7:31 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Power Corporation of Canada increased its stake in Apple Inc by purchasing over 172,000 shares in Q1.
The increased stake in Apple by Power Corporation of Canada shows confidence in the company's growth potential, which could positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Power Corporation of Canada bought over 3.29 million shares of Stellantis NV in a fresh stake buy during Q1.
The purchase of over 3.29 million shares of Stellantis NV by Power Corporation of Canada shows confidence in the company's growth potential, which could positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Power Corporation of Canada sold a significant chunk of its holdings in Amazon.com, Inc. during Q1.
The reduction of holdings in Amazon.com, Inc. by Power Corporation of Canada could indicate a lack of confidence in the company's growth potential, which may negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Power Corporation of Canada sold its entire stake in Alphabet Inc Class A shares (GOOG) during Q1.
The sale of the entire stake in Alphabet Inc Class A shares by Power Corporation of Canada could indicate a lack of confidence in the company's growth potential, which may negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Power Corporation of Canada sold its entire stake in JPMorgan Chase & Co, unloading over 58,000 shares during Q1.
The sale of the entire stake in JPMorgan Chase & Co by Power Corporation of Canada could indicate a lack of confidence in the company's growth potential, which may negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100