From Yahoo Finance: 2024-05-04 18:29:37

Berkshire Hathaway’s cash pile hit a record high of $189 billion in the first quarter, expected to reach $200 billion soon. Warren Buffett signals bearish sentiment on the stock market by growing cash position and selling Apple shares. Berkshire’s decision to reduce Apple stake makes sense in current macroeconomic environment. Despite reducing Apple position by 13%, Buffett reassures confidence in the tech giant, comparing it favorably to Coca-Cola and American Express. Apple faces headwinds in China and with US consumers, impacting stock performance. Apple shares have declined 4.8% this year, underperforming the S&P 500. Buffett’s cash hoard hints at potential impact on other stocks as the year progresses.



Read more at Yahoo Finance: Why Warren Buffett’s billions in cash at Berkshire Hathaway is a bearish stock market signal