News 

Berkshire trimmed its Apple stake, but it reportedly wasn’t Buffett’s idea

“By the end of 2017, Buffett’s conglomerate already owned 165.3 million Apple shares, and it bought another 75 million shares in the first quarter of 2018” writes Dhiraj Singh for cnbc.com. Berkshire Hathaway decreased its stake in Apple by nearly 3 million shares, to 249.5 million, in the fourth quarter, but Warren Buffett reportedly had nothing to do with the selling. Source: cnbc.com

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Why momentum traded Amazon and Apple for Coca-Cola and Berkshire

“Momentum investors might not entirely agree with this allocation, but this particular momentum index is simply following its own rules, which determine its stock selection” writes Crystal Kim for marketwatch.com. It does its usual rebalance in May and November when it measures stocks’ momentum over the preceding six- and 12-month periods.BlackRock’s iShares directed Barron’s queries about the special rebalance to the index provider MSCI. MSCI did not respond to requests for comment.The index tracked by the iShares ETF conducted an ad hoc rebalance in January after a bout of extreme…

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Warren Buffett may be getting ready to pounce on more Apple shares

“That represented a decline of 1.2 million shares compared to the prior filing” writes Finanzen Net Gmbh for businessinsider.com. Buffett’s conglomerate owns 258.2 million shares of Apple, reflected in its most recent filing with the US Securities and Exchange Commission in September 2018.”From our standpoint we would love to see Apple go down in price,” Buffett said in May, at his annual shareholder meeting.Warren Buffett, the chairman and CEO of Berkshire Hathaway, said in May that he’d like to see Apple’s share price fall so he could step in and…

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Investors should be furious: 3 blue-chip stock buybacks that went horribly wrong

“The bull market that began after the Great Recession has been propelled (in large part) by one factor: a stock buyback program” writes unknown author for cnbc.com. But how many of those 20 stocks have outperformed the S&P 500 since 2009?. The buyback craze — which remains at record levels — has meant that the biggest buyers of stocks throughout the bull market run have been companies, not regular investors.If you add up the amount of money the top 20 corporate buyback programs have spent in the past decade on…

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Markets News Stocks 

Buffett’s big bank bet explained using a simple measure of stock market value

“Everyone is concerned about an overvalued stock market” writes Josh Elelson for cnbc.com. It would seem that there is good reason to be reminded of Buffett’s words about interest rates.Some of today’s tech giants would have been good long-term bets regardless, but about many other stocks, Buffett was right.A simple explanation that Warren Buffett once gave for knowing when the market is overvalued doesn’t present a full-throated endorsement of market bargains being plentiful right now.You don’t reach a full decade of a bull run without asking the reasonable question about…

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Nevadans side with Buffett’s Berkshire in energy spat with Adelson

“Since Berkshire acquired it in 2013, NV Energy has made investments in solar power, in addition to coal and natural gas sources” writes Midwest Communications Inc for 95kqds.com. Hotel-casinos like Sands’ Venetian, whose lights glitter in Las Vegas, are major power customers in the state.The energy company previously said the measure could “dismantle an electricity system that already provides low costs.”.  Source: 95kqds.com

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Buffett’s Berkshire doubles profit, repurchases $900 million stock in third quarter

“Helping the company’s massive insurance operations were lower estimated liabilities from property and casualty insurance in prior years and lower taxes” writes Midwest Communications Inc for 95kqds.com. After relaxing a policy that had effectively prevented Buffett from buying back the company’s shares at current prices, Berkshire said it bought $928 million of its own shares in the third quarter. Source: 95kqds.com

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Berkshire Hathaway in talks to buy stake in India’s Paytm: Economic Times

“Berkshire’s investment could be clinched in the coming weeks, valuing Paytm at over $10 billion, the paper said” writes Midwest Communications Inc for 95kqds.com. One of Berkshire’s key fund managers, Todd Combs, who is also seen as a potential chief investment officer at the company, is leading the transaction, the newspaper reported. Source: 95kqds.com

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Warren Buffett’s firm adds to Apple, Teva investments

“Berkshire held nearly 252 million Apple shares at the end of June, up from 239.57 million in March” writes The Associated Press for seattletimes.com. Besides investments, Berkshire owns more than 90 companies, including insurance, retail, manufacturing, railroad and candy companies.OMAHA, Neb. (AP) — Investor Warren Buffett’s company added to its stakes in Apple and Israeli drugmaker Teva Pharmaceuticals in the second quarter while tweaking several of its other stock investments.The Teva investment was just disclosed earlier this year and has grown to 43.2 million shares from 40.5 million in the…

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