Why Has Warren Buffett Been Selling So Much Stock?
Key Takeaways
- Warren Buffett’s Berkshire Hathaway continues to be a net seller of stocks, having offloaded a quarter of its stake in Apple in recent months, regulatory filings revealed Thursday.
- The holding company added to its cash pile for a ninth consecutive quarter, bringing its cash on hand to a record level.
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Read MoreWhy Bloom Energy Stock Rocketed 48% on Friday
Bloom Energy (BE 44.54%) investors are having a terrific Friday, as shares of the renewable energy company surged 47.8% through 10:30 a.m. ET.
Last night, Bloom Energy announced a deal to supply up to 1 gigawatt’s-worth of fuel cells to electric utility American Electric Power (AEP 1.90%).
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Read MoreThese Stocks Are Moving the Most Today: Applied Materials, Palantir, Tesla, Moderna, Super Micro, Alibaba, Bloom Energy, and More
Applied Materials tumbles after issuing a disappointing fiscal first-quarter outlook, Palantir is transferring its stock listing to the Nasdaq, and Tesla rises following a decline on worries President-elect Donald Trump will eliminate purchase tax credits for electric vehicles.
Read More2 Tech Stocks to Load Up On in November
Tech stocks have historically been a solid investment, with strong growth prospects driven by innovation, market expansion, and an increasing reliance on technology in all aspects of life.
Now, with the artificial intelligence (AI) revolution, tech companies with financial resources are at the forefront of major innovations that will shape the future.
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Read MoreNvidia is Wall Street’s most valuable company. How it got there, by the numbers
Nvidia has once again turned out quarterly results that exceeded Wall Street’s forecasts. The company has seen soaring demand for its semiconductors, which are used to power artificial intelligence applications.
Revenue nearly doubled in the latest quarter from the same period a year earlier, Nvidia reported Wednesday.
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Read MoreThe Burst
The ONLY Investing Rule That Matters
Yesterday the market fell as the Fed hiked rates, and more importantly signaled that it would continue to do so for longer than originally expected. But you might be surprised to discover this market reaction was highly unusual for 2022.
We’ll get back to the market in a moment but first, a quick throwback.
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Read MoreThe Ivy
Market Commentary: 3 Stocks On The Verge Of Huge Breakouts
If you study technical analysis theory, two patterns rank among the most popular and successful: the head and shoulders pattern and the base and break. So to mix things up today, we scoured through hundreds of charts to find three stocks that could be on the verge of huge breakouts.
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