Buffett’s Berkshire ramps up giant Apple stake again, dumps Verizon

Warren Buffett’s Berkshire Hathaway ramped up its stake in Apple again last quarter during the tech-driven sell-off, while the conglomerate exited the Verizon holding it had owned for almost two years. The holding company raised its bet on the iPhone maker to 894.8 million shares, worth $122.3 billion at the end of June, according to … Read more

Market outlook ‘too volatile’ to chase stock, bond rallies, asset manager says

Investors should eschew chasing recent rallies in stocks and bonds given the current economic uncertainty, according to the chief investment officer of Swiss asset manager Prime Partners. Francois Savary said it was hugely difficult to have clear economic visibility due to the particulars of the current investment cycle, such as the Covid-19 recovery and the … Read more

Warren Buffett’s stock shopping spree slows down even during the market’s big pullback. Here’s why

Warren Buffett’s stock-buying spree slowed down drastically in the second quarter even during the market’s big correction, and analysts said the “Oracle of Omaha” could be preserving capital for other uses. Berkshire Hathaway’s net stock purchase fell to $3.8 billion in the second quarter, compared with more than $41 billion in the first quarter, the … Read more

Berkshire CEO-designate Abel sells stake in energy company he led for $870 million

Greg Abel at Berkshire Hathaway’s annual meeting in Los Angeles California. May 1, 2021. Gerard Miller | CNBC Berkshire Hathaway said on Saturday that Vice Chairman Greg Abel, who is next in line to succeed billionaire Warren Buffett as chief executive, sold his 1% stake in the company’s Berkshire Hathaway Energy unit for $870 million. … Read more

Most of Warren Buffett’s equity portfolio is tied up in just 5 stocks. Here’s what they are

Warren Buffett’s Berkshire Hathaway just revealed that about 70% of its equity portfolio was concentrated up in just five names. Here’s a look at these high-conviction bets from the legendary investor. While the conglomerate enjoyed a big rebound in operating earnings, it did post a $53 billion loss on its investments during the second quarter … Read more

Berkshire Hathaway BRK earnings Q2 2022

An Andy Warhol-like print of Berkshire Hathaway CEO Warren Buffett hangs outside a clothing stand during the first in-person annual meeting since 2019 of Berkshire Hathaway Inc in Omaha, Nebraska, US April 30, 2022. Scott Morgan | Reuters Berkshire Hathaway’s operating profits jumped in the second quarter despite fears of slowing growth, but Warren Buffett’s … Read more

The reason behind a mysterious trading surge in stocks like Berkshire Hathaway has been revealed

Warren Buffett and Charlie Munger press conference at the Berkshire Hathaway Annual Shareholders Meeting, April 30, 2022. CNBC Berkshire Hathaway’s Class A shares are among the stock market’s most expensive stocks priced above $400K a share and therefore it was often one of the least traded well-known companies. So a surge in volume that began … Read more

Here are the top dividend stock picks from the biggest investors during market turmoil

The appeal for high-dividend stocks is growing fast as the market’s turmoil and surging inflation shows no signs of easing. Most on Wall Street expect a bumpy road ahead with low, if not negative, returns as the central bank rapidly hikes interest rates to combat soaring prices at the risk of slowing the economy. During … Read more

Warren Buffett beefs up his Occidental bet again, pushing his stake to 18.7%

Warren Buffett’s Berkshire Hathaway continued its buying spree in shares of Occidental Petroleum this week, pushing its stake in the oil giant to 18.7%. The conglomerate bought another 12 million shares of Occidental on Tuesday and Wednesday at a cost of about $ 698 million, according to a Securities and Exchange Commission filing. The “Oracle … Read more

Levi Strauss, GameStop, Twitter and more

Check out the companies making headlines before the bell: Levi Strauss (LEVI) – Levi Strauss rallied 3.9% in the premarket after reporting better-than-expected sales and profit for its latest quarter, helped by higher prices and strong demand for its denim offerings. Levi Strauss also raised its quarterly dividend by 20%. GameStop (GME) – GameStop fell … Read more