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☆ Apple remains Buffett's biggest public stock holding, but his thesis about its moat faces questions
▼ + stars: | 2024-05-03 | by ( Kif Leswing | ) www.cnbc.com time to read: +9 min

That's about four times bigger than Berkshire's second-biggest public stock holding, Bank of America , and makes the company the No. The bet on Apple and CEO Tim Cook has paid off handsomely for Buffett, who said in 2022 that the cost of Berkshire's Apple stake was only $31 billion. "So I called up Warren Buffett. "It's kind of more like an annuity and I think that's what Warren Buffett really sees as well." "When I buy Apple, I know that Apple is going to repurchase a lot of shares," he said in 2018.

Persons: Tim Cook, Warren Buffett, Berkshire Hathaway, behemoth, Buffett, He's, Cook, Apple, Warren, Ted Weschler, it's, Dan Eye, Buffett hasn't, Bernstein, Toni Sacconaghi didn't, Sacconaghi, Clayton Organizations: Warren Buffett Getty, CNBC, Berkshire, Apple, Bank of America, Buffett, Consumer Intelligence Research Partners, iPhone, Washington Post, Oracle, Fort Pitt Capital Group, Microsoft, The, Apple Watch, DOJ, Clayton Homes Locations: Omaha , Nebraska, Berkshire, Omaha, Cupertino , California, U.S

☆ 'Nearing exhaustion': Top strategists warn that weaker consumer spending could cause US stocks to run out of steam — but 22 investments can thrive during a market reversal
▼ + stars: | 2024-03-16 | by ( James Faris | ) www.businessinsider.com time to read: +10 min

Eight economists, investment chiefs, and strategists that Business Insider recently spoke to credited healthier-than-anticipated consumer balance sheets and spending for the continued expansion. "Either that, or they're going to be maxed out — they can't get any more money. They're not going to have any liquidity to be able to continue to do the things they're going to do." He's also sticking with defensive stocks as consumer spending softens, including those in the consumer staples sector like Clorox (CLX) and Procter & Gamble (PG). Real estate is a "hated asset class" that's negatively correlated with interest rates, Sekera said.

Persons: shouldn't, Kevin Gordon, Charles Schwab, they're, Sue Crotty, Ed Clissold, Ned Davis, Clark Bellin, Bellin, David Rosenberg, They're, Rob Swanke, Swanke, Preston Caldwell, Morningstar's, Dave Sekera, Sekera, Christopher Barto, Gordon, Clissold, He's, Morningstar's Sekera, Crotty, Segal Marco Advisors, She's, Barto, that's Organizations: Business, Consumers, Segal Marco, Ned, Ned Davis Research, Commonwealth Financial Network, Nasdaq, Morningstar, Fort Pitt Capital Group, Procter, Gamble, Federal Reserve, Exxon, APA Corp, Duke Energy, Segal, Energy, Healthcare Locations: Devon, Real, NiSource

☆ Healthcare sector should see a return to earnings growth next year, says Fort Pitt's Dan Eye
▼ + stars: | 2023-06-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHealthcare sector should see a return to earnings growth next year, says Fort Pitt's Dan EyeDan Eye, Fort Pitt Capital Group CIO, joins 'Closing Bell OVertime' to discuss buying opportunities in the Healthcare sector and why he says the sector should see a return to earnings growth next year.

Persons: Dan Organizations: Healthcare, Fort Pitt Capital Group

☆ Dow slides by almost 600 points as bank shares nosedive
▼ + stars: | 2023-05-02 | by ( Krystal Hur | ) edition.cnn.com time to read: +1 min

The Dow fell about 550 points, or 1.6% by midday Tuesday. Western Alliance Bank fell about 16.3% and New York Community Bancorp declined 6.6%. Wells Fargo fell 3.9%, Citigroup slipped 2.3% and Bank of America declined 3.6%. Since investors are already expecting a quarter-point rate hike on Wednesday, Fed commentary will be the focus for markets, Eye said. Investors will be watching for clues about the state of credit conditions following three bank failures, as well as about the Fed’s planned trajectory for future rate hike decisions.

☆ Play defense with these fortress stocks in the second quarter
▼ + stars: | 2023-04-02 | by ( Michelle Fox | ) www.cnbc.com time to read: +9 min

Bahnsen's investment philosophy focuses specifically on high-quality stocks that have a high dividend yield, along with consistent increases. One of his favorite plays is Procter & Gamble , which currently has a dividend yield of 2.5%. EOG has a 2.9% dividend yield and also has been paying a special dividend. Health-care names Names in the health-care sector are generally considered defensive. Quanta Services has a dividend yield on the lower end, at 0.2%.

☆ The Fed hiked rates further but Wall Street is already pointing to tighter conditions on the ground
▼ + stars: | 2023-03-23 | by ( Jason Ma | ) www.businessinsider.com time to read: +6 min

Between fighting inflation or the bank crisis, the Federal Reserve leaned toward the former. Wednesday's move comes despite the bank crisis, which previously led investors to price in a series of Fed rate cuts starting this summer. Indeed, Wall Street has started pointing to the facts on the ground when it comes to financial conditions. The banks are still tightening credit conditions and … non-bank lenders are as well," he told Bloomberg TV hours before the Fed meeting. Billionaire investor Mark Mobius says he is "very, very skeptical" of investing in bank stocks.

☆ Buy these 6 stocks to bet on the AI boom and future-proof your portfolio, according to a senior analyst
▼ + stars: | 2023-03-22 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

"I don't think there's any denying that AI is going to be the future," Jankowski said. 6 AI stocks to buyJankowski answered his own question by sharing six AI-focused stocks he's bullish on. "I don't think people realize or fully appreciate the sheer amount of computing capability it requires to run these programs and run AI," Jankowski said. Lastly, chipmakers whose silicon powers data centers will be among the biggest beneficiaries of the AI boom, Jankowski said. "We're looking at semiconductor companies — companies that focus on data centers," Jankowski said.

☆ The stock market is amazingly in the green since the bank crisis broke out. Here's why
▼ + stars: | 2023-03-22 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

Despite the banking crisis, the S & P 500 is actually higher than it was the day before Silicon Valley Bank's troubles dragged the banking sector down. Crisis causes Fed to 'grip the wheel' The bank crisis is also seemingly affecting the Federal Reserve 's policy of raising interest rates, experts said. Yet on Wednesday, the Fed announced a 25 percentage point increase , while expressing caution about the banking crisis. "The banking crisis basically caused the Fed to grip the wheel with two hands and take a more cautious approach to its rate tightening policy," Stovall said. "Other areas of the economy, including larger companies who may maintain access to bank credit and public markets (and perhaps consumer relative to commercial borrowers) might then escape with less negative impacts," he said.

☆ How to make the buy vs. rent housing decision as mortgage rates surge
▼ + stars: | 2022-09-28 | by ( Cheryl Winokur Munk | ) www.cnbc.com time to read: +4 min

With mortgage rates rising, more people may be asking themselves the age old question: rent or buy? The latest Federal Reserve interest rate increase, while not directly tied to mortgage rates, is having some effect on lending and home prices. Although they are higher than the recent past, rates are still among average levels over the last 30 years, he said. If the buying elements are right for you, it could still make sense to buy, even as rates are rising. Phillips offers the example of a client who is looking to buy a house in the $200,000 to $275,000 range.

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