Berkshire Hathaway Inc
Cramer’s lightning round: Six Flags is not a buy
Portillos Inc: “We’re going to have to save that one for later and lower.” Berkshire Hathaway Inc: “I’ve been recommending that stock ever since the week that [Mad Money] began. … Berkshire Hathaway is for me.” Six Flags Entertainment Corp: “If you get bad weather … you’re going to end up getting hurt. So, I’m […]
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5 things to know before the stock market opens Wednesday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Dow futures rise as Wall Street begins June trading A trader works on the floor of the New York Stock Exchange (NYSE) in New York, US, on Tuesday, May 31, 2022. Michael Nagle | Bloomberg | Getty […]
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‘Top Gun: Maverick’ grosses $124 million, making it Tom Cruise’s best domestic opening weekend
Tom Cruise in “Top Gun: Maverick” Source: Paramount LOS ANGELES – “Top Gun: Maverick” soared to $124 million during its opening weekend, earning Tom Cruise his highest domestic debut. The prolific actor, who has made a name for himself as a fearless stuntman, has generated more than $4.2 billion at the domestic box office since […]
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The first act of the streaming wars saga is over — Netflix’s fall from grace has ushered in the pivotal second act
Reed Hastings, Co-CEO, Netflix speaks at the 2021 Milken Institute Global Conference in Beverly Hills, California, U.S. October 18, 2021. David Swanson | Reuters The media and entertainment industry prides itself on its mastery of classical storytelling’s three acts: the setup, the conflict and the resolution. It’s safe to declare the first act of the […]
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These buyback monsters are repurchasing a lot of their stock and ready to step it up some more
Corporations are increasingly repurchasing their shares as stock prices slide, and certain companies are ready to keep the buybacks coming. A share repurchase is when a company buys back its own shares from the marketplace. Doing so boosts per-share earnings by shrinking the number of shares outstanding, possibly enhancing the value of the stock. The […]
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Who’s finding value in Apple at these levels? Maybe Warren Buffett
Apple shares have fallen to their lowest level in a year during the latest market turmoil. Are they cheap enough yet for Warren Buffett, the tech giant’s second biggest investor, to buy more? Shares of the iPhone maker have dropped more than 20% this year. At its lowest level this week, the megacap stock fell […]
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Citigroup shares jump 7% after Warren Buffett reveals a near $3 billion stake in the struggling bank
Berkshire Hathaway Chairman and CEO Warren Buffett. Andrew Harnik | AP The 91-year-old “Oracle of Omaha” scooped up Citi shares while they have been underperforming the rest of the financial sector in the past 12 months. The stock is down nearly 40% while the Financial Select Sector SPDR Fund is off by 12% over the […]
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What may be behind Buffett’s surprising deep value bet on Citigroup
Count veteran banking analyst Mike Mayo among those on Wall Street surprised by Berkshire Hathaway ‘s recent $2.95 billion wager on Citigroup shares. The move, disclosed Monday in regulatory filings, is Berkshire’s biggest new bet on financials made in the first quarter. Berkshire also took a much smaller stake in online bank Ally Financial . […]
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Paramount shares jump about 10% after Buffett’s Berkshire reveals new stake
In this photo illustration, Paramount+ (Paramount Plus) logo is seen on a smartphone against its website in the background. Pavlo Gonchar | SOPA Images | LightRocket | Getty Images Shares of Paramount Global jumped Tuesday after Warren Buffett’s Berkshire Hathaway revealed a new stake in the media company. The stock rallied 9.5% around 10:10 a.m. […]
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Stocks making the biggest moves in the premarket: Walmart, Home Depot, Citigroup and more
Take a look at some of the biggest movers in the premarket: Walmart (WMT) – Walmart slumped 7% in premarket trading after missing bottom-line expectations for the first quarter. The retail giant earned $1.30 per share, 18 cents a share below estimates as inflationary pressures offset the positive impact of better-than-expected sales. Home Depot (HD) […]
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