• News
  • Finance

Blue-Chip Stocks That Warren Buffett Dumped (And Why)

Blue-Chip Stocks That Warren Buffett Dumped (And Why)

In February, Berkshire had said its Apple stake grew by about 23 percent since the end of September to roughly 165.3 million shares.

Yahoo Finance is the exclusive online host of the Berkshire Hathaway 2018 Annual Shareholders Meeting, coming Saturday, May 5th.

"If you look at Apple, I think it earns nearly twice as much as the second most profitable company in the United States", Buffett told CNBC.

Apple shares added 3.9 percent, to $183.83, as investors hoped to grab some of the Buffett investment magic.




Buffett has said he looks at Apple like a consumer products company with a strong competitive position, rather than as a tech company.

"For the second quarter running, the iPhone X remains the world's most popular smartphone model overall, due to a blend of good design, sophisticated camera, extensive apps, and widespread retail presence for the device", said Strategy Analytics senior analyst, Juha Winter.

Tens of thousands of investors are on hand at the CenturyLink Center to spend hours listening to Warren Buffett and Charlie Munger talk about business and life. But with the latest stake purchase, it has grown to a massive 240.3 million shares worth $42.5 billion. Buffett had earlier told that Berkshire's goal is to substantially increase earnings of its non-insurance business and for that, it was looking for big acquisitions. When it comes to investment, Warren Buffet is a name that nobody can forget and it is true that if his company brought such massive shares in Apple, it is evidence enough that the company is doing really well. Revenue from services surged 31 percent to a record $9.2 billion in the most recent quarter.

An Apple Music subscription costs $10 per month (unless they're on a family plan), and the number of paying users recently hit 40 million.

Leave Your Comment

Leave Your Comment


Latest News

Breaking News



Recommended

Jay-Z's Got 99 Problems And This SEC Subpoena Might Be One

"We are aware that the SEC is seeking information on Iconix's financial reporting ", says a representative for Jay-Z. The company, whose retail brands include Joe Boxer and Candie's, did not immediately respond to requests for comment.

Parkland college students model firearm ban throughout Pence speech as NRA hypocrisy

Trump will also attend the convention on Friday, a senior White House aide said but did not give a time. The NRA did not respond to a request for comment. "You can't have it both ways, guys", she wrote.

Lion park owner mauled by lion recovering in hospital

Visitors to the park are able to watch animals being fed up close, with at least a dozen big cats living on the property. A graphic video posted on the News24 website on Tuesday shows Hodge running for a gate when the lion runs toward him.

'Avengers: Infinity War' achieves the second biggest box office opening ever

The net box office collections of the film, which released in India on Friday, stand at Rs 31.3 crore. And the weekend numbers are proving that " Infinity War " accomplished its mission.

United States signals it may exit Iran nuclear deal

Pompeo expressed pride in the administration's decision to recognize Jerusalem as Israel's capital and move the U.S. He also said that Iran was destabilizing the region by providing Houthis with weapons in Yemen.

Terminally Ill Mother Of Two Settles Against US Lab

He said documents relating to an audit seemed "confusing" and there was no direct advice as to how it should be dealt with. Prof Shepherd also agreed during cross examination that there was no malice or lack of bona fides involved in the process.

Dow rises as Boeing results buoy stocks

According to Kensho, an analytics company, Caterpillar's stock has had a 0.81 correlation with the Dow over the last six months. On Wednesday Goodyear Tire & Rubber said higher raw materials costs and weaker demand hurt its business in the first quarter.

Israel cancels expulsions of African migrants

Uganda recently backtracked on a deal with Israel to absorb several thousand migrants following days of negotiations in Kampala. However, Israel's immigration authorities are still seeking ways to deport migrants voluntarily, it said.

Arizona Cardinals trade up for Josh Rosen at No. 10

For their part, however, Cardinals fans should be feeling as fired up about Rosen's comments as he was when he made them. During a post-draft news conference in Dallas , Rosen said " there were nine mistakes ahead of me ".

49ers Trade Offensive Tackle Trent Brown to Patriots for Third-Round Pick

He started 26 games over the past two seasons, including 10 a year ago at right tackle before being placed on injured reserve. Brown was drafted by the Niners in the seventh round of the 2015 NFL Draft out of the University of Florida .