Buffett says he doesn’t time the market but when you look at his past moves, it’s clear that the old sage uses metrics that happen to coincide well with smart market timing.
Take his purchases at the bottom of the market in 2008-09 when he deployed almost 50% of his cash pile within the space of just a few weeks in October 2008.
On August 1st, Intel released its Q2 earnings report, much to the chagrin of longtime shareholders.
In the release, the company reported a 1% year-over-year revenue drop alongside a quarterly net loss of $1.6 billion. Much more concerning was the company’s plan for a cost reduction campaign that involved layoffs, reduced capital expenditures and a suspension of the company’s quarterly dividend.
If one market analyst is to be believed, the path of the market that will lead to most pain will involve a move higher from the early August lows followed by a sharp correction in September and October, repeating a pattern not seen since 1998.
Back then July marked the high and October the low,
You’ll never guess who has turned bearish on AI? It seems one of the most prestigious names on Wall Street, Goldman Sachs, has done a U-turn and is betting against a continuation of the momentum previously seen in artificial intelligence stocks.
While Goldman has a long history of staying bullish, often for too long,
While Buffett’s massive cash pile of nearly $300 billion on the books at Berkshire Hathaway has been making waves, what few are paying attention to is how much he’s actually earning on that money every day, week or month.
It turns out Buffett is raking in just shy of a cool billion dollars each and every month just from interest earnings on his war chest.
» Read more about: 1 Billion Reasons To Buy Buffett’s #1 Stock »
If Goldman Sachs is right, the market moves late last week were sufficient to alleviate selling pressure, at least for now. They identified a key line in the sand around 5250 where selling pressure would sharply drop over the coming week from the sell orders that had been slated.
It’s also been a tailwind to see big institutions,
With over 33 million subscribers as of 2024, Sirius XM seems like a company that has scaled and locked in a wide moat, but is there more to this Buffett stock than meets the eye.
After all, Buffett may be famous for making billions but he’s not immune to picking poor stocks from time to time.
When it comes to investing, following the actions of top investors is a much smarter play than following their words. Take Warren Buffett, for example, who has a philosophy of betting on America long-term and a reputation for having a holding period of forever. You could be forgiven for becoming complacent about how long to hold a position if you listened to that advice.
» Read more about: Buffett Has Sold For 7 Quarters In a Row, What Happens Next? »
The wild statistics are flying now. At the depths of the price action on Friday, the bearish tape was as bad as any seen since the COVID lows.
2% corrections in the Dow Jones Industrial Average, NASDAQ and S&P 500 all signaled broad-based selling and the obliteration of just about every sector.
Nothing was left unscathed.
Crowdstrike at this moment in time is the epitome of what makes investing challenging. The blackout experienced around the world due to an error in code left the reputation of the cybersecurity firm in tatters.
The company now faces two major hurdles to win back customer confidence. First, it has to win back the confidence of its clients and secondly it has to resolve the liabilities that may follow the global outage.
» Read more about: Is Crowdstrike a Risky Buy or a Golden Opportunity? »