Why Warren Buffett Keeps Buying Apple And Bank Or Investment Company Stocks –
Warren Buffett and his right-hand man, Charlie Munger, seem nice on the world’s largest company, Apple (NASDAQ:AAPL). But that’s not the only stock Buffett’s company, Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B), has bought recently. The legendary investor also put into his positions in several big banks according to recent 13F filings. Buffett didn’t just buy.
Berkshire also sold a few of its position in Phillips 66, Charter Communications, United Airlines, American Airlines, and Wells Fargo. A few of these sales might indicate the trader is moving from the firms away, but others are simply an integral part of Buffett’s plans to keep his possession below 10% to avoid certain regulatory hurdles.
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Should traders be pursuing Warren Buffett into airline stocks, banking institutions, and Apple? Industry Focus host Shannon Jones and guest Matt Frankel discuss the average person positions and describe the need for really digging directly into 13F filings to get the full picture. A complete transcript comes after the video. Shannon Jones: Welcome to Industry Focus, every day the show that dives into a different sector of the stock market. It’s Monday, August the 20th. On today’s Financials show, we’re monitoring what Warren Buffett’s Berkshire Hathaway is investing. Also, we’ll dive into President Trump ask of the SEC to review the possibility of leaving quarterly company cash flow reports to twice a 12 months reporting.
We’ll dive into all of that and what it might mean for investors in this week’s show ofIndustry Focus: Financials. Before we do, I’m your web host, Shannon Jones, I’m joined in the studio via Skype with a financial expert and accredited financial planner, Matt Frankel. Matt, how’s it going? I’m checking out a new headset for the very first time.
It’s a thrilling day over here. Jones: That’s very exciting! We are shifting up the string here with this exciting technology, Matt. Glad to perhaps you have! Is Apple Killing Fitbit’s Core Business? As promised, when we covered Berkshire’s earnings a month or more ago, we said we’d come back to our listeners to discuss just what Berkshire and friends were investing in the second quarter of this year. It’s obviously something that investors always anticipate.
This quarter, no exception. What we see, high-level, is, despite the maturing bull market that’s taking place, Berkshire was an online buyer and even continued a bank-buying bonanza definitely. Matt, what is it possible to tell us about what Berkshire is buying? Frankel: There were a few significant buys this one-fourth. Apple (NASDAQ: AAPL) is the best one, as has it has been for recent quarters. Berkshire added about 5% to its Apple stake this quarter, which doesn’t appear to be a lot, but we’re still discussing billions of dollars. 55 billion right now. This is by far their biggest stock investment.