KUALA LUMPUR, Dec 5 (Bernama) -- Bursa Malaysia closed lower on Friday amid mixed regional market performance as investors turned cautious over a possible rate hike by the Bank of Japan (BOJ) and upcoming US economic data that may influence the Federal Reserve’s (Fed) interest rate decision next week. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) pared most earlier losses to settle 4.55 points easier, or 0.28 per cent, to 1,616.52 from Thursday’s close of 1,621.07. The benchmark index, which opened 0.37 of-a-point lower at 1,620.70, moved between 1,609.67 and 1,621.25 throughout the day. The broader market was negative, with decliners outpacing advancers 604 to 439. A total of 550 counters were unchanged, 1,151 untraded, and 18 suspended. Turnover declined to 3.17 billion units worth RM2.24 billion from 4.48 billion units worth RM2.75 billion yesterday. Rakuten Trade Sdn Bhd vice-presiden...
Key Takeaways
Matt Shapiro of MWS Capital bought Netflix, Alphabet, and Nvidia at distressed prices earlier this year.
He is now eyeing opportunities in Microsoft, Apple, Berkshire Hathaway, Deere, Chevron, Boeing, and European luxury names.
Shapiro is also adding long-dated Treasurys, TIPS, and sees crypto as an eventual must-own on pullbacks.
Matt Shapiro, a Chicago-based money manager overseeing US$183 million at MWS Capital, is preparing for market pullbacks even as he remains bullish on “super companies” fueling S&P 500 profit growth.
Earlier this year, Shapiro capitalized on what he called the first chance since 2022 to buy top-tier tech at bargain prices: Netflix under $1,000, Alphabet at $165, and Nvidia at $100. Those bets have since paid off, with Netflix closing at $1,200, Alphabet at $251, and Nvidia at $175 on Tuesday.
Looking Ahead: Diversification Beyond Tech
Shapiro told MarketWatch he is adding to Microsoft and Apple, while trimming Tesla after its surprise surge past $400. He also likes Berkshire Hathaway, Deere, Chevron, Boeing, and select European luxury stocks (LVMH, Hermès)that have slumped to near five-year lows.
Financials are also on his radar, including Citigroup, while utilities such as Entergy remain a core play on soaring U.S. electricity demand, particularly for data centers.
Bonds and Rates
Beyond equities, Shapiro has been building positions in Treasury bonds and TIPS, shifting toward the longer end of the curve for higher yields. While acknowledging U.S. fiscal risks, he sees a softening labor market and potential Fed accommodation as supportive for bonds.
Crypto Watch
On cryptocurrencies, Shapiro said traditional finance remains “underinvested” in bitcoin. He expects any dip below US$100,000 would draw heavy institutional buying, though he is waiting for a pullback before adding exposure.
Fed Risk
With the FOMC rate decision due Wednesday, Shapiro is bracing for possible disappointment if the Fed only cuts 25 basis points with a cautious outlook. Still, he views lower rates as a chance to accumulate names like Netflix, Microsoft, and Apple on weakness.
“Markets are in a seasonally tricky period,” he said. “But this is where the growth is — AI, chips, energy, and crypto are fueling a powerful rush, and patient investors can take advantage.”
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