Warren Buffett’s Berkshire Hathaway posts lower profits, reveals $25 billion in stock buybacks last year
Warren Buffett’s Berkshire Hathaway posted a 9% drop in operating earnings in 2020. The billionaire investor’s company took a $10 billion writedown on Precision Castparts. Berkshire repurchased about $25 billion of its stock last year. Visit the Business section of Insider for more stories. Warren Buffett’s Berkshire Hathaway suffered a 9% decline in operating earnings […]
Nikola downgraded to ‘sell’ by CFRA amid supplier issues and potential ‘legal risks’
CFRA analyst Garrett Nelson downgraded shares of Nikola to “sell” and lowered his price target to $12 on Thursday. The analyst cited “supplier issues” with the Tre semi-truck and potential ‘legal risks’ from false statements in his reasoning. The company’s 10-K confirmed several allegations made by Hindenburg Research in Sept. of last year. CFRA downgraded […]
Global stocks drop as 10-year Treasury yields pierce 1.5% for the first time since the pandemic
Global stocks fell on Friday, as Treasury yields headed towards their highest levels in over a year. A selloff in global sovereign bonds indicates expectations of a strengthening economy over the coming months. The spike in the 10-year-yield this month is spooking the stock market, a chief market strategist said. Global stocks dropped sharply on […]
Tesla slips as report says the EV maker will idle Model 3 line at its Freemont factory for two weeks
Tesla is temporarily shutting down the Model 3 line at its Freemont Factory until March 7. Analyst Dan Ives of Wedbush said the move is driven by a chip shortage. Ives said he doesn’t see the shutdown affecting “overall delivery trajectory” for Q1 or 2021. Shares of Tesla slipped as much as 4% on Thursday […]
Legendary investor Jeremy Grantham warns the stock-market bubble could burst before May in a new interview. Here are the 16 best quotes.
Jeremy Grantham warned the stock-market bubble will likely deflate before May. The GMO cofounder also criticized SPACs and cheered electric vehicles. Here are Grantham’s 16 best quotes from his “Invest Like The Best” interview. Visit the Business section of Insider for more stories. Retail investors piling into stocks have fueled a historic bubble that will […]
Buy stocks and sell bonds as a new secular bull market delivers double digit returns, Ned Davis Research says
Stocks are in a secular bull market that should deliver double digit returns going forward, Ned Davis Research said in a note on Thursday. To take advantage of the environment, investors should sell bonds and buy stocks, NDR advised. “We’ve seen a reset of the secular bull market that started in 2009,” NDR said. Sign […]
Warren Buffett and Elon Musk are shaking up markets this year. Here’s a look at the ‘Buffett Bump’ and the ‘Musk Move.’
Warren Buffett and Elon Musk are moving markets this year. Berkshire Hathaway’s bets on Verizon and Chevron boosted both stocks this week. Musk’s tweets have lifted GameStop, Dogecoin, Etsy, bitcoin, and other assets. Visit Insider’s homepage for more stories. Warren Buffett famously moves markets with his decisions, as many investors trust the Berkshire Hathaway CEO’s […]
How Robinhood gets users addicted, plus Cathie Wood talks Tesla and GameStop
Hello and welcome to Insider Investing. I’m Joe Ciolli, and I’m here to guide you through what’s been happening in markets, as well as what to expect in the coming weeks. Here’s what’s on the docket: If you aren’t yet a subscriber to Insider Investing, you can sign up here. Have thoughts on the newsletter? […]
Wall Street’s fear index is on the verge of closing below a key level that signals more upside ahead for the stock market, Fundstrat says
Wall Street’s fear index is on the verge of closing below a key level that would signal more upside ahead for the stock market, Fundstrat‘s Tom Lee said in a note on Friday. If the CBOE Volatility Index closes below the 20 level, fund flows into stocks could surge from systematic and quant funds, according […]
Warren Buffett’s Berkshire Hathaway has quietly racked up a $6 billion gain on its GM and BYD bets
Warren Buffett is a surprise winner in the electric-vehicle revolution. Berkshire Hathaway owns stakes in General Motors and Chinese automaker BYD. Buffett’s company has scored a $6 billion gain on the two stocks in less than five months. Visit Business Insider’s homepage for more stories. Warren Buffett’s Berkshire Hathaway is often associated with insurance, railroads, […]
