Here are Thursday's biggest analyst calls of the day: Lowe's, Tesla, Shopify, Amazon, Apple & more

Here are the biggest calls on Wall Street on

Occidental shares jump after Warren Buffett ups his stake above 20%

Occidental Petroleum is getting a boost from Warren Buffett once again as the legendary investor bumped his stake in the oil giant to more than 20%. Shares of Occidental jumped more than 4% on Tuesday after a regulatory filing Monday night showed that Buffett’s Berkshire Hathaway holding company paid about $391 million for nearly 6.7 … Read more

Novavax, GoodRx, Allbirds and more

Take a look at some of the biggest movers in the premarket: Novavax (NVAX) – The drugmaker’s stock plummeted 32.3% in the premarket after posting an unexpected quarterly loss and cutting its full-year revenue guidance in half. Novavax said it did not expect any further US sales of its Covid-19 vaccine this year amid soft … Read more

Market outlook ‘too volatile’ to chase stock, bond rallies, asset manager says

Investors should eschew chasing recent rallies in stocks and bonds given the current economic uncertainty, according to the chief investment officer of Swiss asset manager Prime Partners. Francois Savary said it was hugely difficult to have clear economic visibility due to the particulars of the current investment cycle, such as the Covid-19 recovery and the … Read more

Warren Buffett’s stock shopping spree slows down even during market’s big pullback. Here’s why

Warren Buffett’s stock-buying spree slowed down drastically in the second quarter even during the market’s big correction, and analysts said the “Oracle of Omaha” could be preserving capital for other uses. Berkshire Hathaway’s net stock purchase fell to $3.8 billion in the second quarter, compared with more than $41 billion in the first quarter, the … Read more

Berkshire CEO-designate Abel sells stake in energy company he led for $870 million

Greg Abel at Berkshire Hathaway’s annual meeting in Los Angeles California. May 1, 2021. Gerard Miller | CNBC Berkshire Hathaway said on Saturday that Vice Chairman Greg Abel, who is next in line to succeed billionaire Warren Buffett as chief executive, sold his 1% stake in the company’s Berkshire Hathaway Energy unit for $870 million. … Read more

Most of Warren Buffett’s equity portfolio is tied up in just 5 stocks. Here’s what they are

Warren Buffett’s Berkshire Hathaway just revealed that about 70% of its equity portfolio was concentrated up in just five names. Here’s a look at these high-conviction bets from the legendary investor. While the conglomerate enjoyed a big rebound in operating earnings, it did post a $53 billion loss on its investments during the second quarter … Read more

Berkshire Hathaway BRK earnings Q2 2022

An Andy Warhol-like print of Berkshire Hathaway CEO Warren Buffett hangs outside a clothing stand during the first in-person annual meeting since 2019 of Berkshire Hathaway Inc in Omaha, Nebraska, US April 30, 2022. Scott Morgan | Reuters Berkshire Hathaway’s operating profits jumped in the second quarter despite fears of slowing growth, but Warren Buffett’s … Read more

As East Coast ports add China trade, more bottlenecks for supply chain

Port productivity remains a huge hurdle for the US supply chain as billions of dollars of products are at anchor or landlocked, and a shift to use East Coast ports over West Coast ports creates new pressures. In the past three months, vessel capacity between the Far East and the US East Coast has risen … Read more

There’s a new favorite stock among retail traders — and it’s linked to Warren Buffett

Warren Buffett’s conviction bet on Occidental Petroleum has inspired a legion of retail investors to follow suit. Ever since Berkshire Hathaway initially revealed a $5 billion stake in the oil giant, the stock has witnessed a massive 16.5-hour increase in average daily net flows from retail investors — from $500,000 per day to $8.25 million … Read more