Apple up in early trading on Buffett’s Berkshire investment

“The Oracle of Omaha still has a touch for stocks,” Evelyn Cheng reports for CNBC. “Teva Pharmaceutical climbed more than 9 percent in premarket trading Thursday after news late Wednesday that Warren Buffett’s Berkshire Hathaway disclosed a $358 million stake in the drugmaker as of the end of the fourth quarter. The quarterly filing also showed Berkshire increased its holdings of Apple by 23.3 percent. Shares of the iPhone maker climbed 1 percent in premarket trading.”

“The purchase shows the influence of Buffett’s investment deputies, Berkshire portfolio managers Todd Combs and Ted Weschler,” Cheng reports. “One of them — the billionaire investor has declined to identify him — was responsible for the conglomerate’s initial stake in Apple in 2016, and Buffett has added to it since then.”

The 87-year-old Buffett is chairman of Berkshire Hathaway,” Cheng reports, “and his business partner is 93-year-old vice chairman Charlie Munger.”

Read more in the full article here.

MacDailyNews Take: 180 years of experience can spot an undervalued stock from miles away. Heck, in Apple’s case, even we can see it!

SEE ALSO:
Warren Buffett’s Berkshire Hathaway increases Apple holdings by 23.3% to 165.3 million shares – February 14, 2018

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5 Comments

      1. I would prefer that AAPL wasn’t so volatile because it would then be easier to buy and sell at times which suit me rather than when the market is favourable, but having said that, I have certainly done very well by buying AAPL at times when the market was acting illogically and I’ve also managed to sell at some pretty opportune times too.

        When the fundamentals of the company are strong, there’s no need to get too alarmed or excited when the share price fluctuates because when averaged over several months, AAPL’s trajectory remains on an upward trend and it pays a decent dividend too.

  1. Buffett likes well run companies they make money.

    Apple is a mint right now and he is no fool. The only concern going forward is that Apple’s growth in unit sales of phones is close to plateau and the only way to drive profit up in the phone biz is unit price. That only goes so far.

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