1. Seasonal Factors This week, the US stock market enters its traditionally favorable period: Thanksgiving, Christmas, and an election year rally. Optimism often carries through to Inauguration Day in January (Rubner). 2. Easing of Key Cabinet Nomination Risks Previously controversial AG nominee Gaetz has withdrawn, and the market reacted positively. Over the weekend, Bessen was nominated as Treasury Secretary. He supports deregulation, reduced debt issua...
Berkshire Hathaway’s most recent portfolio update, based on filings as of Q3 2024, reveals several key holdings and recent changes: Top Holdings: 1.$Apple (AAPL.US)$26.2% of the portfolio, valued at $69.9 billion. Despite recent trimming of the stake, Apple remains the largest holding. 2.$American Express (AXP.US)$15.4%, valued at $41.1 billion. 3.$Bank of America (BAC.US)$11.9%, worth $31.7 billion, though the stake was reduced by 23% in Q3. 4.$Coca-Cola (KO.US)$10.8%...
Old Timer Trader
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He sold 80 BILLION DOLLARS of AAPL stock. Just a year ago, he stated that Apple was a stock that he would never sell… can you explain that?
Old Timer Trader
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Here’s my problem with Apple. it definitely has a good business model. But the fact remains that it’s AI is next to nothing. Updated Siri? That’s all they have on tap and if the market analysts are correct is the only future for tech companies. They sold the phone the iPhone 16 and ask people to buy it with no AI upgrades except it maybe hopefully possibly some will come in the future. That is not promising to me.
This week, the US stock market enters its traditionally favorable period: Thanksgiving, Christmas, and an election year rally. Optimism often carries through to Inauguration Day in January (Rubner).
2. Easing of Key Cabinet Nomination Risks
Previously controversial AG nominee Gaetz has withdrawn, and the market reacted positively.
Over the weekend, Bessen was nominated as Treasury Secretary. He supports deregulation, reduced debt issua...
Top Holdings:
1. $Apple (AAPL.US)$ 26.2% of the portfolio, valued at $69.9 billion. Despite recent trimming of the stake, Apple remains the largest holding.
2. $American Express (AXP.US)$ 15.4%, valued at $41.1 billion.
3. $Bank of America (BAC.US)$ 11.9%, worth $31.7 billion, though the stake was reduced by 23% in Q3.
4. $Coca-Cola (KO.US)$ 10.8%...
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