Warren Buffett’s Berkshire Hathaway is adopting a cautious investment strategy, selling more stocks than it buys, including significant portions of Apple and Bank of America. The company holds a record $334.2 billion in cash, primarily in short-term Treasury securities, indicating a reluctance to invest in equities despite Buffett’s preference for them. His recent letter to shareholders suggests a lack of compelling investment opportunities, with further insights expected at the upcoming annual meeting.
read moreConstellation Brands, Inc.
0 in Finance and 0 in Crypto last week
U.S. Stocks Steady Near Record Highs Amid Tariff Talks and Fed Minutes
U.S. stocks opened a holiday week mostly higher, with the S&P 500 just 0.2% off its record high, as investors await tariff discussions and the release of Federal Reserve minutes. Despite inflation concerns, the market remains resilient, buoyed by corporate news, including Intel’s potential split and Southwest Airlines’ job cuts. Bitcoin trades below $100,000, while smaller FTX customers begin to recover funds after the exchange’s bankruptcy.
read moreWarren Buffett Sells Billions in Bank of America and Invests in Constellation Brands
Warren Buffett has sold $5.5 billion worth of Bank of America shares, reducing Berkshire Hathaway’s stake to 8.9%. In contrast, the firm invested $1.2 billion in Constellation Brands and also acquired shares in Sirius XM and Domino’s Pizza, while holding a record $300 billion in cash.
read moreDow Jones and Major Indexes Decline Following Strong Jobs Report
U.S. stock markets fell sharply on Friday following a stronger-than-expected December jobs report, with the Dow Jones down 1.4% and Nvidia sliding 4% amid news of tighter AI chip regulations. Oil prices rose to their highest since October, while bond yields spiked. Notable movers included Constellation Brands, which dropped 4.2%, and Walgreens, which surged over 15%.
read moreStock Market Outlook and Key Developments for the Week Ahead
U.S. stock futures rose after a tough week, with markets set to close Thursday for former President Jimmy Carter’s memorial. Investors are eyeing December jobs data and earnings from major companies like Constellation Brands and Delta Air Lines.Global semiconductor stocks gained following Foxconn’s strong quarterly results, boosting shares of U.S. chipmakers. Meanwhile, a winter storm is impacting travel and school schedules across the country.President Biden signed legislation to increase Social Security benefits for millions and announced a ban on offshore drilling along most U.S. coastlines, marking a significant environmental policy move before the transition to the next administration.
read moreStocks to Buy and Sell This Week AMD and Constellation Brands
U.S. stocks closed higher on Friday, but all major indexes posted weekly declines, with the S&P 500 down 0.5%. This week, focus shifts to the U.S. jobs report and the Federal Reserve’s meeting minutes, while Advanced Micro Devices (AMD) is recommended as a buy ahead of its CES 2025 GPU showcase, and Constellation Brands is advised as a sell due to disappointing earnings.
read moreStock market updates and key company developments for Tuesday
Wall Street is set for a higher open after a tough session for the S&P 500, with U.S. oil prices retreating and the 10-year Treasury yield remaining above 4%. PepsiCo lowered its full-year revenue growth guidance, while Constellation Brands faced a second downgrade. Honeywell plans to spin off its advanced materials division, and Wells Fargo received an upgrade from Wolfe Research. Nvidia and Foxconn are collaborating on Taiwan’s largest supercomputer, while Microsoft was downgraded by Oppenheimer amid concerns over high earnings estimates. American Express also faced downgrades from multiple analysts due to unrealistic expectations.
read moreMarket Anticipates Key Earnings and Economic Data in Early Q4
As the fourth quarter begins, Tesla and major Chinese EV manufacturers are set to report quarterly deliveries, while Nike, Carnival, and Constellation Brands highlight a quieter earnings calendar. Economic data, including the September jobs report, could influence Fed strategy amid a market rally pushing toward record highs. Investors are eyeing stocks like Texas Roadhouse, Amazon, and Mastercard for new buying opportunities.
read moreKey market updates and earnings to watch this week
Wall Street is set for a muted open as the S&P 500 approaches its mid-July all-time high, following comments from Federal Reserve Chair Jerome Powell about potential interest rate cuts. Key events this week include Nvidia’s earnings report and a court hearing on the Kroger-Albertsons merger, which could impact antitrust enforcement under the Biden administration. Meanwhile, Wells Fargo raised Amazon’s price target, and PDD Holdings faces challenges after disappointing quarterly revenues.
read moreKey Market Highlights: Jobs Report, Stock Movement, Analyst Recommendations
Stocks were mixed on Friday following a record S&P 500 close, with Treasury yields dipping due to an uptick in the unemployment rate. The June employment report showed the economy adding 206,000 nonfarm jobs, slightly better than expected, but with a rise in the unemployment rate to 4.1%. Analysts defended Constellation Brands, while Novo Nordisk and Eli Lilly stocks bounced back after a study raised concerns. Samsung Electronics hit a 3-year high in overseas markets after beating earnings expectations.
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