Warren Buffett is battling a bargain drought — and pared his Apple bet because it's a 'one-trick pony,' expert says
- Warren Buffett is building up cash because he can’t find anything better, Ted Oakley said.
- Buffett probably cut his Apple stake to reduce his exposure to the “one-trick pony,” Oakley said.
- The financial advisor predicted Buffett would pounce on bargains regardless of the market backdrop.
Best utility stocks of May 2024
Clearway Energy owns contracted renewable and conventional energy generation facilities and thermal energy infrastructure assets. Its Class C shares trade under the ticker CWEN and entitle investors to one one-hundredth of one vote. Its Class A shares trade under the ticker CWEN.A and entitle investors to one vote.
Clearway is a renewable energy yield company,
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Read MoreThe Man Who Brought Theoretical Physics to Wall Street
Photo: Jason DeCrow/AP
There are a vanishingly small number of people whose existence has changed Wall Street. One of them was Jim Simons, a former academic mathematician who brought trading closer to the world of theoretical physics — and then exploded the possibilities of how people could make,
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Read MoreWall Street coasts to the finish line of another winning week
NEW YORK —
U.S. stocks coasted to the close of another winning week Friday.
The Standard & Poor’s 500 index rose 8.60 points, or 0.2%, to 5,222.68 to finish a third straight winning week after its mostly miserable April. It had been on pace for a bigger gain in the morning,
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Read MoreCamila Giorgi officially announces retirement, calls recent rumours about future plans 'inaccurate'
Reports emerged on Saturday that Giorgi who suddenly turned up on the ITIA list of retired players earlier this week had fled to the US after owing money to the tax authorities after not filing paperwork.
Read MoreThe Burst
Is This The Perfect Bitcoin Strategy?
A decade or so ago, betting on bitcoin really was risky. The cryptocurrency was entirely unproven, unregulated, little-known and fraught with risk. Fast forward 10+ years and the times have changed substantially in favor of Satoshi’s creation.
Now exchange-traded funds exist that facilitate regular flows into the cryptocurrency and some companies, like Microstrategy,
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Read MoreThe Ivy
Down We Go?
Yesterday, we discussed how the market had shown relative strength recently and asked the question whether the bullish sentiment would last. While it’s hard to know precisely when a bottom will take place, we highlighted the danger of trying to pick the low point because inevitably at some stage betting on the bottom will lead to a losing trade where lower lows follow.
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Read MoreThe Spotlight
Why Does This Stock Predictably Go Up In April?
Over the past few days we’ve covered stocks that have strong histories of rising at this time of year, and apparently our readers really want to hear more about similar ideas, so here’s another nugget for you.
This time we turn our attention to the healthcare space where a well-known company, Quest Diagnostics,
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