Gates Foundation Shuffles Portfolio

Dow Jones reported that The Bill & Melinda Gates Trust, which manages the funds of the foundation, exited positions in  Alibaba Group and Uber Technologies, halved its stake in Apple, and increased investment in Schrodinger in the fourth quarter.

The following shows the relative performance between APPL and SDGR from June 2020 until the close yesterday, February 22, 2021.

As per all my previous charts, Green vertical lines represent that the top security, in this case, Schrodinger, is, on a relative strength basis, outperforming AAPL. A red vertical line, the Second security (AAPL) is doing better.

Bravo to the trust, so far.




Apple shares declined on news that sales of the iPhone were declining because of the downturn of consumer spending in China. Whether you believe that spin or realize that the costs of the new models do not offer a serious reason to upgrade the older phones is of little concern. Whatever the real reason, Apple stock went down.

Apple is one of the most widely held and more importantly one of the more actively traded stocks in the world. Share and options are traded with very small bid-asked spreads.

From a swing trading perspective, the following attached charts should be of some interest.

Daily prices are at 8:00 on Thursday,  July 11 , 2019: