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<keyword id="70910" type="CITY" weightage="20" keywordseo="Hyundai-motor">Hyundai Motor</keyword> and its affiliate <keyword id="6372046" type="ORGANIZATION" weightage="20" keywordseo="kia">Kia</keyword> are set to report a sharp rebound in operating profit for the second quarter on strong demand for their vehicles that offset output disruptions by semiconductor shortages, <keyword id="49628" type="PERSON" weightage="20" keywordseo="analysts">analysts</keyword> said on Tuesday. <keyword id="596" type="CITY" weightage="20" keywordseo="Hyundai">Hyundai</keyword> and Kia, which together form the world's fifth-biggest carmaker by sales, are expected to have posted operating profits of 1.86 trillion won ($1.6 billion) and 1.34 trillion won, respectively, for the quarter ended June 30, according to a median forecast of local brokerages. In the year-ago quarter, Hyundai's and Kia's operating profits more than halved to 590 billion won and 145 billion won, respectively, as the coronavirus outbreak drove down global vehicle demand. Hyundai and Kia are forecast to report sales of 29.06 trillion won and 17.75 trillion won, respectively, in the second quarter, up from 21.86 trillion won and 11.37 trillion won a year earlier, reports Yonhap news agency. Behind the carmakers' quarterly earnings rebound are robust sales of their high-end vehicles in the domestic and the world's most important U.S. markets among others, analysts said. "A combination of (their) improved product mix, lower incentives and higher average selling prices (particularly) in the U.S. market helped offset the impact of chip shortages and boost profits in the second quarter," <keyword id="11626563" type="UNKNOWN" weightage="20" keywordseo="song-sun-jae">Song Sun-jae</keyword>, an analyst at <keyword id="11626561" type="UNKNOWN" weightage="20" keywordseo="hana-financial-investment-co-">Hana Financial Investment Co.</keyword>, said in his research notes. From January to June, Hyundai and Kia sold a combined 3.47 million vehicles, up 25 percent from 2.77 million units in the same period of last year. They aim to sell a total of 7.08 million autos this year, 1.7 percent lower than the 7.2 million units they sold last year. In the second half, Hyundai and Kia said they will continue to focus on promoting their new models, including Hyundai's all-electric IONIQ 5 crossover utility vehicle and Kia's K8 sedan and all-electric EV6 model, to ride out the COVID-19 pandemic crisis. SEE ALSO - <a href="https://www.businessinsider.in/tech/news/google-calendars-new-rsvp-option-will-let-you-specify-how-you-want-to-attend-a-meeting/articleshow/84237490.cms">Google Calendar’s new RSVP option will let you specify how you want to attend a meeting</a> <a href="https://www.businessinsider.in/business/corporates/news/tcs-hires-over-20000-in-june-quarter-its-highest-ever-quarterly-addition/articleshow/84240423.cms">TCS has loaded up half a million peeps as it expects many to move on</a>

Hyundai and Kia set to report a rebound in operating profit for the second quarter on strong demand in global markets, say analysts

<ul class="summary-list"><li>Michael Burry expanded his US stock portfolio from a single holding to six last quarter.</li><li>"The Big Short" investor placed bets on Qurate Retail, Charter Communications, and other companies.</li></ul>Michael Burry bolstered his US stock portfolio from one holding to six in the third quarter, a <a href="https://www.sec.gov/edgar/browse/?CIK=1649339">Securities and Exchange Commission filing</a> revealed on Monday.The investor of "The Big Short" fame quadrupled his stake in Geo Group, which invests in private prisons and mental-health facilities, to just over 2 million shares worth $15.5 million at the end of September.The Scion Asset Management chief also built a $10 million stake in Qurate Retail, and established smaller positions in Aerojet Rocketdyne, Charter Communications, Corecivic, and Liberty Latin America.Overall, Burry's US stock portfolio ballooned in size to $41.3 million, compared to only $3.3 million at the end of June. Yet it's still a fraction of its size at the end of March, when it contained 11 stocks worth a combined $165 million — excluding bearish put options that Scion held against 206,000 Apple shares.Burry <a href="https://markets.businessinsider.com/news/stocks/big-short-michael-burry-scion-q2-stock-portfolio-market-crash-2022-8">sold all but one of his holdings</a> in the second quarter of this year, after <a href="https://markets.businessinsider.com/news/stocks/big-short-michael-burry-twitter-return-biggest-market-bubble-ever-2021-6-1030524823?utm_medium=ingest&amp;utm_medium=ingest&amp;utm_medium=referral&amp;utm_source=markets&amp;utm_source=markets&amp;utm_source=yahoo.com&amp;utm_medium=ingest&amp;utm_source=markets" target="_blank" rel="nofollow noopener">sounding the alarm</a> on the "greatest speculative bubble of all time in all things" last summer, and <a href="https://markets.businessinsider.com/currencies/news/big-short-michael-burry-warns-meme-stocks-crypto-crash-coming-2021-6-1030534935?utm_medium=ingest&amp;utm_medium=ingest&amp;utm_medium=referral&amp;utm_source=markets&amp;utm_source=markets&amp;utm_source=yahoo.com&amp;utm_medium=ingest&amp;utm_source=markets" target="_blank" rel="nofollow noopener">warning</a> owners of meme stocks and cryptocurrencies they were careening toward the "mother of all crashes."The Scion boss shot to fame after his <a href="https://markets.businessinsider.com/news/stocks/big-short-michael-burry-scion-housing-market-bubble-gamestop-stock-2021-9?utm_medium=ingest&amp;utm_medium=ingest&amp;utm_medium=referral&amp;utm_source=markets&amp;utm_source=markets&amp;utm_source=yahoo.com&amp;utm_medium=ingest&amp;utm_source=markets" target="_blank" rel="nofollow noopener">billion-dollar wager</a> against the mid-2000s housing bubble was immortalized in the book and movie "The Big Short."He's also known for <a href="https://markets.businessinsider.com/news/stocks/big-short-michael-burry-elon-musk-tesla-cathie-wood-ark-2021-8?utm_medium=ingest&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_medium=referral&amp;utm_source=markets&amp;utm_source=markets&amp;utm_source=markets&amp;utm_source=yahoo.com&amp;utm_medium=ingest&amp;utm_source=markets" target="_blank" rel="nofollow noopener">betting against</a> Elon Musk's <a href="https://markets.businessinsider.com/stocks/tsla-stock?utm_medium=ingest&amp;utm_medium=referral&amp;utm_source=markets&amp;utm_source=yahoo.com&amp;utm_medium=ingest&amp;utm_source=markets" target="_blank" rel="nofollow noopener">Tesla</a> and Cathie Wood's <a href="https://markets.businessinsider.com/etfs/ark-innovation-etf-us00214q1040?utm_medium=ingest&amp;utm_medium=referral&amp;utm_source=markets&amp;utm_source=yahoo.com&amp;utm_medium=ingest&amp;utm_source=markets" target="_blank" rel="nofollow noopener">Ark Innovation fund</a> last year, and for <a href="https://markets.businessinsider.com/news/stocks/big-short-investor-michael-burry-scion-gamestop-stock-price-frenzy-2021-2-1030050393?utm_medium=ingest&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_medium=referral&amp;utm_source=markets&amp;utm_source=markets&amp;utm_source=markets&amp;utm_source=yahoo.com&amp;utm_medium=ingest&amp;utm_source=markets" target="_blank" rel="nofollow noopener">investing</a> in <a href="https://markets.businessinsider.com/stocks/gme-stock?utm_medium=ingest&amp;utm_medium=referral&amp;utm_source=markets&amp;utm_source=yahoo.com&amp;utm_medium=ingest&amp;utm_source=markets" target="_blank" rel="nofollow noopener">GameStop</a> before it skyrocketed in January 2021 and kickstarted the meme-stock craze.Read more: <a href="https://www.businessinsider.com/michael-burry-big-short-investing-housing-bubble-gamestop-tesla-ark-2022-7?utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets" target="_blank" rel="nofollow noopener">A Michael Burry expert breaks down what makes the 'Big Short' investor special. He also revisits Burry's iconic bet against the housing bubble, and his GameStop, Tesla, and Ark wagers.</a>

'Big Short' investor Michael Burry reveals 5 stocks he bought last quarter - after slashing his portfolio to a single holding

<ul class="summary-list"><li>Michael Burry built new stakes in Alibaba, JD.com, and MGM Resorts last quarter.</li><li>The investor of "The Big Short" fame may have spied value in beaten-down Chinese tech stocks.</li></ul>Michael Burry placed new bets on Alibaba, JD.com, and MGM Resorts last quarter, a <a href="https://www.sec.gov/Archives/edgar/data/1649339/000090514823000213/xslForm13F_X02/informationtable.xml" target="_blank" rel="noopener">Securities and Exchange Commission filing revealed</a> on Tuesday.The investor of "The Big Short" fame bought 50,000 American Depositary Shares (ADS) of Alibaba, valued at $4.4 million on December 31. He also scooped up 75,000 American Depositary Receipts (ADR) of JD.com, worth $4.2 million at the end of last year.ADS and ADR are traded on US stock exchanges but represent ownership of foreign-listed companies. Alibaba and JD.com are both Chinese e-commerce businesses.Both Alibaba and JD.com shares were hit hard last year by growing threats of government regulation, plus a wider exodus from risky technology stocks in the face of rising interest rates and a potential recession. Burry, a value investor who specializes in sniffing out bargains, may have determined the two companies' shares were oversold and likely to stage a comeback.Burry's Scion Asset Management also purchased 100,000 shares of MGM, a position worth $3.4 million at last quarter's close. The fund switched out all but two of its six previous holdings; Geo Group and Qurate Retail were the only survivors.Overall, Scion grew its US stock portfolio from six positions to nine, and its total value swelled by 13% to about $47 million.Burry's purchases suggest he remained bullish last quarter. He set alarm bells ringing when he slashed his portfolio to a <a href="https://markets.businessinsider.com/news/stocks/big-short-michael-burry-scion-q2-stock-portfolio-market-crash-2022-8?utm_medium=ingest&amp;utm_source=markets">single position</a> in the second quarter of last year, but <a href="https://markets.businessinsider.com/news/stocks/big-short-michael-burry-q3-stock-portfolio-scion-qurate-charter-2022-11">added five additional names</a> in the third quarter.Despite the bets on a select few companies, Burry has issued several dire warnings to investors this year, likely in response to the stock market's breathless rally in recent weeks. He offered a <a href="https://markets.businessinsider.com/news/stocks/big-short-michael-burry-sell-stock-market-outlook-inflation-recession-2023-2">one-word piece of advice</a> in late January: "Sell." He's also <a href="https://markets.businessinsider.com/news/stocks/big-short-michael-burry-stock-rally-dot-com-bubble-crash-2023-2">compared</a> the stock market's rally this year to the dot-com bubble, and <a href="https://markets.businessinsider.com/news/stocks/big-short-michael-burry-meme-stocks-bed-bath-beyond-death-2023-2">cautioned</a> meme-stock buyers.Burry is most famous for his billion-dollar bet against the mid-2000s housing bubble, which was chronicled in the book and movie "The Big Short." He's also known for <a href="https://markets.businessinsider.com/news/stocks/big-short-investor-michael-burry-scion-gamestop-stock-price-frenzy-2021-2-1030050393?utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets" rel="">investing</a> in GameStop before it became a meme stock, <a href="https://markets.businessinsider.com/news/stocks/big-short-michael-burry-elon-musk-tesla-cathie-wood-ark-2021-8?utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets" rel="">betting against</a> Elon Musk's Tesla and Cathie Wood's flagship Ark fund last year, and <a href="https://markets.businessinsider.com/news/stocks/big-short-michael-burry-twitter-return-biggest-market-bubble-ever-2021-6-1030524823?utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets" rel="">making grim predictions</a> about market crashes and economic catastrophes.Read more: <a href="https://markets.businessinsider.com/news/stocks/david-rosenberg-stocks-crypto-house-prices-inflation-recession-fed-portfolio-2023-2?utm_medium=ingest&amp;utm_source=markets" target="_blank" rel="nofollow noopener">We put 7 burning questions to top economist David Rosenberg. Here's what he said about the outlook for stocks and house prices, and the threat of a recession.</a>

'Big Short' investor Michael Burry reveals new bets on Alibaba, MGM, and JD.com

<ul class="summary-list"><li>As digital becomes increasingly important and expected alongside traditional brick-and-mortar retail spaces, prepare to see advertisers adjust their tactics to maximize growth potential.</li><li>But not all stores have been successful when launching an ecommerce component, which calls into question what key elements are needed to infiltrate this buzzing market and sustain user attention.</li><li>To learn more, check out <a href="https://store.businessinsider.com/products/the-next-era-of-retail-ecommerce-bundle?IR=T&amp;itm_source=businessinsider&amp;itm_medium=content_marketing&amp;itm_campaign=report_teaser&amp;itm_content=top_text&amp;itm_term=store_text_link-brick-mortar-ecommerce-target-outlook-2020&amp;vertical=emarketer#!/">The Next Era of Retail Ecommerce.</a></li></ul>Target's brick-and-mortar retail spaces have been drawing in consumers with different interests and demographics for years, due to its wide array of appealing merchandise and affordable price points. The retailer's decision to funnel dollars and time into its e-commerce business seemed to be a wise one, as their online component alone is poised to increase 24% to $8.34 billion in 2020. The future looks bright for Target, as it has already surpassed three competitors to become No. 8 on the latest ranking of the nation's top retailers. Amazon, as expected, also has little to fear this year when it comes to competition in the online market, as it is projected to capture 4.6% of total US retail sales.However, not all retailers are having success in the e-commerce space. Even companies who were initially top ranked in the online market are starting to lose sales share. For instance, Macy's e-commerce share is expected to drop down from from 1.2% to 1.1% this year, and Qurate won't make the top 10 list for the first time in years. Startlingly, even eBay and Apple will see their US e-commerce market share drop slightly. <a href="http://www.emarketer.com">eMarketer</a>Top Ranked Ecommerce CompaniesWhat advertising tactics are setting certain companies apart, and how can businesses encourage more customers to consistently buy online to maximize their visibility and profits?To help answer this question, eMarketer has put together The Next Era of Retail Ecommerce bundle to offer clarity on the continued draw of audiences to certain retail sites, but the churn of online customers for other businesses. We'll communicate what shifts can be expected in the future of online shopping, and how companies can cash in on the potential of this growing market.Here are some e-commerce trends to consider:<ul><li>As 5G phones explode in the second half of 2020, the faster speed and enhanced media experience will encourage more users to order online via mobile.</li><li>Fostering trust with pricing consistency and offering security features (such as fingerprint ID through services like Apple Pay) can help counter privacy concerns that may otherwise prevent users from making purchases online.</li><li>Brands are more successful when they advocate for the speed and ease of online shopping, as convenience has been cited as the primary reason that 43% of US internet users make online purchases.</li><li>Cementing future ordering is key in ensuring that an e-commerce business stays profitable long-term. Advertisers should consider offering discounts or incentives to encourage repeat purchases.</li></ul>Interested in getting more content like this? <a href="https://store.businessinsider.com/products/the-next-era-of-retail-ecommerce-bundle?IR=T&amp;itm_source=businessinsider&amp;itm_medium=content_marketing&amp;itm_campaign=report_teaser&amp;itm_content=full_report_text&amp;itm_term=store_text_link-brick-mortar-ecommerce-target-outlook-2020&amp;vertical=emarketer#!/">Purchase &amp; download The Next Era of Retail Ecommerce bundle.</a> Or, if you want access to new content each day, fill out the form below to learn more about an eMarketer membership.

Some brick-and-mortar stores are missing the mark in e-commerce - but Target is hitting the bullseye

<div class="KonaFilter image-container display-table float_right"><div><div class="image on-image">Reuters/Beck DiefenbachIntel CEO Brian Krzanich</div></div></div>Intel just released its second quarter earnings.Here's the score:EPS: $0.55 vs. $0.50 expected.Revenue: $13.2 billion vs. $13.04 billion expected.That's an overall beat. Intel shares are up more than 7% after hours.But compared to the same qurater of last year, Intel's revenue was down 5%, while its net income slipped 3%.Its gross margin also dropped two percentage points to 62.5% year-over-year.Intel's Client Computing Group, the newly formed entity after combining its PC and mobile divisions last quarter, had $7.5 billion in revenue, down 14% from the second quarter of last year.But its other businesses, mainly Data Center Group and Internet of Things Group, saw big jumps in sales, leading to an earnings beat. The Data Ceneter Group's revenue was up 10% year-over-year, at $3.9 billion, while the IoT Group had $559 million in revenue, up 5% from last year.The Data Center Group remains the most profitable group with $1.8 billion in operating profits, followed by the Client Computing Group, which had $1.6 billion in operating profit."Second-quarter results demonstrate the transformation of our business as growth in data center, memory and IoT accounted for more than 70 percent of our operating profit and helped offset a challenging PC market," said Intel CEO Brian Krzanich.Intel gave mid-point revenue guidance of $14.3 billion and gross margins of 63% for the third quarter.

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Hyundai and Kia set to report a rebound in operating profit for the second quarter on strong demand in global markets, say analysts

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'Big Short' investor Michael Burry reveals 5 stocks he bought last quarter - after slashing his portfolio to a single holding

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'Big Short' investor Michael Burry reveals new bets on Alibaba, MGM, and JD.com

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Some brick-and-mortar stores are missing the mark in e-commerce - but Target is hitting the bullseye

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