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- 🏦 Buffett Continues Selling BofA, Still Holding These Stocks
🏦 Buffett Continues Selling BofA, Still Holding These Stocks
Warren Buffett's latest moves, Microsoft earnings preview and Cramer's latest call
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Happy Tuesday Zingernation! Look, if I sell a stock, it doesn't mean much other than that I need to raise some liquidity for an upcoming trip or new golf club. But when Warren Buffett starts selling a stock, it may be a different story. Plus, taking a look at Microsoft ahead of its earnings report.
—Aaron Bry & Nic Chahine
Plus, check out the sector that Warren Buffett, Michael Bloomberg, Jeff Bezos and 48 members of congress are all buying into.
MARKET SNAPSHOT
Yesterday: Another rollercoaster day for the market with $SPY drawing down more than .5% in the morning, before ripping back into the green, and then trading off once again.
On Our Radar: Big afternoon for earnings with companies like AMD, Microsoft, Starbucks and more ready to report.
TOP STORY
Basically: Warren Buffett-led Berkshire Hathaway, Inc. is shaving its ownership in Bank of America Corp.’s, one of its core holdings, and on Monday the investment holding firm disclosed the third sale for the month.
What Happened: In a filing with the SEC late Monday, Berkshire disclosed it sold 18.42 million BofA shares valued at about $767 million, calculated using the weighted average price of the three tranches of transactions it provided. Here are the stocks that Buffett is still holding.
PRESENTED BY InvestorPlace
Why are Warren Buffett, Jeff Bezos, Michael Bloomberg, “The Walmart Family”, Bill Gates, and 48 members of Congress shifting their stocks in a frenzy?
This corner of the market is NOT artificial intelligence… Crypto… gold… energy… bonds… dividends… options strategies… or any other familiar sector or strategy.
Instead…
It’s a sector that is expected to grow another $10 trillion…
And save an estimated 14 million lives per year, in the process.
The last time we saw the world’s wealthiest investors move their cash into this corner of the market…
Stocks exploded 2,020%...
5,609%...
Even as high as 8,437% in just ONE year.
Now, it’s all happening again.
FIVE ZINGERS
Another Cramer Call: Jim Cramer says no to this healthcare stock, but recommends holding this energy stock despite recent dip.
$PG 13: Procter & Gamble’s chart was looking a little violent this morning, trading down more than 5% after the company’s earnings report.
Time To Strike?: Crowdstrike shares continued to move lower this morning after Delta announced a lawsuit against the cybersecurity company.
Who’s A Good Boy?: Some crypto experts are watching Dogecoin and looking for a potential breakout. Here are the levels to watch.
The Grass Is Green: Tilray shares are moving higher this morning after the cannabis company reported stronger-than-expected revenue.
ONE FOR THE ROAD
Basically: Among the largest companies to report quarterly earnings during the trading week is Microsoft Corp MSFT with investors and analysts eyeing continued growth of Cloud and artificial intelligence efforts.
Earnings Estimates: Analysts expect Microsoft to report fourth-quarter revenue of $64.36 billion according to data from Benzinga Pro. Here’s what the experts will be watching for in tonight’s call.
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