Wall Street
Buffett’s Berkshire sells $3.8 billion worth of Bank of America in 12-day selling spree
Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska, May 4, 2024. CNBC Warren Buffett is not done selling Bank of America. Berkshire Hathaway shed a total of 19.2 million BofA shares on Tuesday, Wednesday, and Thursday for almost $779 million at an average selling price of $40.52 per share, according […]
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Stocks making the biggest moves after hours: Meta Platforms, Qualcomm, Arm Holdings and more
Check out the companies making headlines after the bell : Meta Platforms — Shares of the social media giant rallied more than 4%. Meta Platforms topped revenue and earnings expectations for the recent quarter, posting earnings of $5.16 per share on $39.07 billion in revenue. The company also offered a strong forecast for the current […]
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Warren Buffett’s Berkshire Hathaway sells Bank of America for a ninth-straight day
In this article BRK.A BAC Follow your favorite stocksCREATE FREE ACCOUNT Warren Buffett walks the floor ahead of the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2024. David A. Grogen | CNBC Berkshire Hathaway’s selling streak in its big Bank of America stake has extended to nine straight days, suggesting that […]
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Stocks making the biggest moves after hours: Chesapeake Energy, F5, Lattice Semiconductor and more
Check out the companies making headlines after the bell : F5 — The tech stock surged 14% in after-hours trading after the company reported a blowout quarterly report. F5 posted adjusted earnings of $3.36 per share in the fiscal third quarter, compared to an LSEG estimate of $2.97 per share. Revenue of $695 million was […]
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Investors are punishing stocks that miss earnings more than normal this season
Companies with disappointing quarterly results are getting punished more than usual this earnings season. Second-quarter earnings misses have resulted in an average 3.8% decline for a stock from two days before the quarterly release through the two days after the report comes out, according to FactSet. That’s compared to the five-year average price decrease of […]
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Going for gold — Three ‘Big Short’ traders say the precious metal is a major long
“The Big Short” traders Danny Moses, Vincent Daniel and Porter Collins are focused on one of their top long bets: gold. “I just don’t think Americans have enough gold in their portfolio,” Collins said on CNBC’s ” Fast Money ” in an exclusive interview this week . The three investors are known for their successful […]
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Bill Ackman’s IPO of Pershing Square closed-end fund is postponed, NYSE says
Bill Ackman, founder and CEO of Pershing Square Capital Management. Adam Jeffery | CNBC Billionaire investor Bill Ackman is postponing the highly scrutinized listing of Pershing Square’s U.S. closed-end fund, according to a notice on the New York Stock Exchange’s website. The initial public offering of Pershing Square USA Ltd, with the ticker PSUS, has […]
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Frank Cappelleri on using charts to successfully navigate the markets
For Frank Cappelleri, technical analysis — reading charts to identify patterns in stocks and other assets — is not an art or a science. “It’s both.” That’s because, “I can look at an indicator and use a different way that someone else does,” Cappelleri, the founder and president of CappThesis, told CNBC’s Senior Markets Correspondent […]
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Why the new spot ether ETFs may ‘be a hit’ despite recent weakness
ETF Edge Why the new spot ether ETFs may ‘be a hit’ despite recent weakness Published Thu, Jul 25 20248:00 PM EDT Ellie Stevens@elliestevens02 WATCH LIVE Source
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Small caps are finally getting their moment in the sun. Here’s why managers think the rally can last
Many investors were anticipating small-cap stocks would outperform coming into 2024, saying the prospect of easing monetary policy introduced by Federal Reserve Chair Jerome Powell at the end of last year would be a boon for the interest rate sensitive asset class. Instead, small caps spent the first half of this year doing what they’ve […]
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