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☆ Warren Buffett is selling down his stocks. Here are his top 5 holdings
▼ + stars: | 2024-11-02 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Warren Buffett turned heads as he dumped another big portion of his Apple stake, and here's where his top holdings stood at the end of the third quarter. Berkshire Hathaway disclosed in its earnings report that approximately 70% of its equity portfolio was concentrated in just five stocks — Apple, Bank of America , Coca-Cola , American Express and Chevron . Since mid-July, Berkshire has reaped more than $10 billion from selling its longtime Bank of America investment. The Omaha-based conglomerate's Chevron holding was untouched last quarter, worth $17.5 billion at the end of September. Its longtime holding Coca-Cola was also held steady last quarter, worth $28.7 billion.

Persons: Warren Buffett, Berkshire Hathaway, Buffett Organizations: Apple, Berkshire, Bank of America, American Express, Chevron, America Express Locations: Omaha, Berkshire

"While company reported 2Q results ahead of guidance on higher take-rate, weaker 3Q guidance and removal of FY GMS outlook suggest no near-term visibility," the analyst wrote. Etsy stock is 20% lower on the year but has increased 16% since July 8. Positively, AmEx did see slightly better [small or midsize enterprise] spend in Q2'24," wrote analyst Donald Fandetti. Bank of America lifted its price target to $563 from $555, while Citi increased its target to $580 from $555. Its price target of $220, up from $175, implies upside of 23% from Wednesday's close.

Persons: Morgan Stanley, Robinson, Brian, Ossenback, — Lisa Kailai Han, Oppenheimer, Jason Helfstein, Etsy's, Etsy, Helfstein, he's, Lisa Kailai Han, Wells, David Lantz, Lantz, Carvana, Raymond James, Brian Vaccaro, Vaccaro, AmEx, Donald Fandetti, Fandetti, Goldman Sachs, Ross Sandler, Andrew Percoco, Fred Imbert Organizations: CNBC, GE, JPMorgan, Carvana, TAM, Management, American Express, America Express, Meta, Wall Street, Goldman, Citi, Barclays, Bank of America, Google, GE Vernova, General Electric Locations: C.H, Etsy, Wingstop, Wells Fargo, Q2'24, 2H24, Wednesday's

☆ Warren Buffett has likely seen $8 billion wiped off the value of his financial stocks in 3 days, as SVB's collapse rattles the banking sector
▼ + stars: | 2023-03-14 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Warren Buffett has likely seen an $8 billion hit to his financial stocks from SVB's collapse. Bill Ackman has suggested Buffett may capitalize on the chaos and buy cut-price bank stocks. Berkshire's other financial stocks dropped as well, including Ally Financial (-22%), US Bancorp (-20%), Jefferies (-15%), Citigroup (-12%), BNY Mellon (-11%), and Globe Life (-10%). Overall, its 15 financial holdings have shed $8 billion of value in the past three trading days, a Markets Insider analysis shows. Here's a chart showing the blow to Berkshire's financial stocks over the past three trading days:

Writer Erica Lamberg has learned the hard way that the most important perk for a good travel credit card is no foreign transaction fees. Her go-to travel cards with no foreign transaction fees are the Bank of America Travel Rewards credit card and the Capital One Venture Rewards Credit Card. Upon returning home, when I opened my credit card statement, I gasped at the Euro fees on my credit card. Plus, the Travel Rewards card boasts a reliable rewards program — earn 1.5 points per $1 spent on all purchases. Another card I like is the Capital One Venture Rewards Credit Card.

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