Warren Buffett’s Berkshire Hathaway has been making significant moves in the energy sector, particularly with Houston-based oil and gas producer Occidental Petroleum. Over the past nine trading sessions, Berkshire Hathaway has been gradually increasing its stake in Occidental Petroleum, bringing it to almost 29% of the company. The Omaha, Nebraska-based conglomerate has been steadily purchasing
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Nvidia’s recent surge in the stock market has led to a significant impact on the Technology Select Sector SPDR Fund (XLK). With Nvidia’s market cap exceeding $10 billion, the ETF will have to adjust its holdings by acquiring more shares of the chip giant while drastically reducing its exposure to Apple. The current top stocks
Investors often turn to dividend-paying stocks as a way to mitigate market volatility and potentially boost their overall returns. Kimberly-Clark (KMB) is a consumer products giant known for its popular brands like Huggies and Kleenex, making it a top choice for dividend-seeking investors. The company has a long-standing reputation as a dividend king, having raised
Recently, meme stock advocate Keith Gill, popularly known as “Roaring Kitty,” shared a screenshot of his E-Trade portfolio on Reddit. The screenshot revealed that Gill now holds a staggering 9.001 million shares of GameStop, along with over $6 million in cash. This significant increase in his GameStop holdings marks a considerable shift from his initial
The decline in GameStop shares by approximately 12% on Monday can be seen as a significant setback for the company. After experiencing a substantial drop of nearly 40% on Friday alone, the stock price fell to around $25 per share. This decline can be attributed to a combination of factors, including a disappointing earnings report
Amidst the ongoing debate over when the Federal Reserve will decide to lower interest rates, investors are turning their attention to individual stocks that have the potential to weather short-term market pressures and deliver strong long-term returns. Burlington Stores (BURL), an off-price retailer, has caught the eye of Wall Street analysts as a top pick
In December 2023, Scott Kleinman, Co-President of Apollo Asset Management, made a bold statement by predicting that there would be no rate cuts in 2024. This prediction went against the market consensus at the time, which was pricing in six or more rate cuts. Surprisingly, Kleinman’s contrarian view turned out to be accurate, as there
Barry Sternlicht, the chairman and CEO of Starwood Capital Group, recently made a controversial decision to limit the amount of money investors could withdraw from his real estate fund. This move comes as the fund faces mounting losses and increasing redemption requests. In a statement on CNBC’s “Squawk Box,” Sternlicht explained that the decision was
Cathie Wood’s ARK Invest has recently made a strategic move by investing in Elon Musk’s startup xAI. This decision showcases Wood’s deepening interest and commitment to artificial intelligence as a fundamental driver of innovation in the modern technological landscape. Wood’s ARK Venture Fund has not only taken a stake in xAI but has also diversified
Semler Scientific, a relatively unknown medical technology company, made headlines when it announced its decision to invest in bitcoin as its primary treasury reserve asset. This move, inspired by MicroStrategy’s similar actions, caused a surge in the company’s stock price by 37%. Additionally, Semler purchased 581 bitcoins worth $40 million, demonstrating its commitment to the