![]() ![]() The economic data Buffett and others on Wall Street are combing through right now is muddled, making their jobs difficult. Why it matters: Given Buffett’s successful track record and consistent focus on the long-term, his investing patterns are watched closely by traders. That’s on top of more than $40 billion in shares Berkshire bought during the first quarter. (USB), and completely exited positions in Verizon and Royalty Pharma.īut the famed investor’s willingness to keep buying signals an ongoing confidence in where the US economy and financial markets are headed.īerkshire reported about $3.8 billion in net stock purchases during the second quarter. (ALLY), a financial services firm headquartered in Detroit, by 21 million shares, and scooped up 2.3 million shares of Chevron.īerkshire’s top holdings are now Apple, Bank of America, Coca-Colaīuffett reduced stakes in companies like Kroger It also raised its stake in Ally Financial (AAPL) by 3.9 million shares, according to new financial disclosures. What’s happening: Last quarter, Warren Buffett’s Berkshire Hathaway ![]() But the Oracle of Omaha isn’t losing faith. It’s a moment of great uncertainty for the US economy, as high inflation and rising interest rates feed fears that a recession could be around the corner. ![]()
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