Warren Buffett Sold 29% of Bank of America and Bought This Consumer Stock for 4 Consecutive Quarters
While Warren Buffett is no longer CEO of Berkshire Hathaway, he made several investments in the years leading up to his departure.
Although Warren Buffett has stepped down as the CEO of Berkshire Hathaway, the Oracle of Omaha remains chairman of the company’s board of directors. Additionally, Buffett’s legacy is likely to persist through the countless values he taught the Berkshire team and also through investments Buffett led in Berkshire’s massive equities portfolio.
Federal Reserve officials discussed interest rate hike scenarios at their last meeting
At their most recent meeting, Federal Reserve officials discussed scenarios in which an interest rate hike might be appropriate, according to minutes of it released Wednesday.
“Several” Fed officials thought there was a “possibility that upward adjustments” to interest rates “could be appropriate” if inflation continues to track above 2%, as it has for nearly five years.
Read More1 Reason Why Tesla Stock May Keep Underperforming
Key Points
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Tesla may have been too frugal with its capital expenditures last year.
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The company expects to more than double its capital expenditures this year, but this capital will be spread thin across a range of projects.
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The company’s more than $1.5 trillion market capitalization demands big spending and strong execution.
» Read more about: 1 Reason Why Tesla Stock May Keep Underperforming »
Read MoreNVIDIA (NVDA) sells off entire stake in ARM Holdings
NVIDIA has dumped approximately $140 million worth of ARM stock.
NVIDIA turned heads in the tech space this week when it sold the entirety of its stock in ARM Holdings, one of the tech industry’s prominent chip manufacturers.
As reported by Bloomberg,
» Read more about: NVIDIA (NVDA) sells off entire stake in ARM Holdings »
Read MoreStock Market Today, Feb. 20: Kosmos Energy Surges After Ghana Extends Licenses to 2040 and Details $2B Drilling Plan
Kosmos Energy rallied after Ghana extended its key offshore licenses through 2040 and the company outlined a 20-well drilling expansion.
Kosmos Energy
Today’s Change
(22.03%) $0.39
Current Price
$2.16
Key Data Points
Market Cap
$847M
Day’s Range
$1.97 –
The Burst
Micron Is Down 42%, Why It Might Be a Screaming Buy?
Micron Technology (NASDAQ: MU) is no stranger to volatility, but its recent price action has been brutal even by semiconductor standards. Since peaking in June of last year, the stock has tumbled 42%. And nearly 30% of that decline happened in just the past month.
So, is this a falling knife or an undervalued gem in the chip sector?
» Read more about: Micron Is Down 42%, Why It Might Be a Screaming Buy? »
Read MoreThe Ivy
Jack’s Fintech Giant Just Quadrupled Profits
The stock market has a way of turning heroes into villains overnight, and Block is a perfect case study. Just a few years ago, it was one of the hottest names on Wall Street, riding high on the wave of digital adoption.
Fast forward to today, and the stock is trading nearly 80% below its all-time highs.
» Read more about: Jack’s Fintech Giant Just Quadrupled Profits »
Read MoreThe Spotlight
1 Social Media Stock Savvy Investors Are Watching
Reddit, often referred to as “the front page of the internet,” has a claim to fame that over 400 million monthly active users engage with it across 130,000 active communities.
There is no two ways about it, Reddit has carved out a niche in the social media landscape that is distinct from giants like Facebook and Twitter.
» Read more about: 1 Social Media Stock Savvy Investors Are Watching »