Berkshire Hathaway is a multinational conglomerate holding company led by renowned investor Warren Buffett. The company primarily engages in the acquisition and management of a diverse range of businesses across various industries, including insurance, utility, energy, rail transportation, manufacturing, and retail. By employing a value investing approach, Berkshire Hathaway seeks to identify and invest in companies with strong growth potential and effective management. In addition to its numerous wholly-owned subsidiaries, the firm also holds significant stakes in several publicly traded companies, reinforcing its position as a prominent player in the global investment landscape. Read More
Following up on my Berkshire Hathaway comments from Monday’s post, here are weekly charts of the stock, followed by its performance versus the S&P 500.
Warren Buffett and his team at Berkshire have proven to be savvy investors. While they are often early to a trend, they are more often than not proven correct over time.
Berkshire Hathaway is undergoing a significant change, and the stock has slumped in recent months. Here's why it could be a buying opportunity for investors.
Shares of health insurance company UnitedHealth (NYSE:UNH)
fell 3% in the afternoon session after investors took some profits off the table as markets awaited signals on future monetary policy from the Federal Reserve's Jackson Hole symposium later in the week. The downturn in the market was largely attributed to a significant sell-off in megacap tech and chipmaker shares. Nvidia, Advanced Micro Devices (AMD), and Broadcom all saw notable drops, dragging down the VanEck Semiconductor ETF. Other major tech-related companies like Tesla, Meta Platforms, and Netflix were also under pressure.
A key reason for this trend is that much of the recent market gains have been concentrated in the "AI trade," which includes these large technology and semiconductor companies. So this could also mean that some investors are locking in some gains ahead of more definitive feedback from the Fed.
Warren Buffett grabbed headlines with his UNH buy in Q2. But, there was plenty of intrigue to go around, with Buffett making these other key buys and sells.
