Warren Buffett sells off Apple and buys into Chubb Limited and Occidental Petroleum

From Nasdaq: 2024-08-21 12:20:26

Warren Buffett once again shook up Wall Street in the second quarter of 2024 by selling off stocks like Apple, Bank of America, and Chevron, while increasing investments in Chubb Limited and Occidental Petroleum. Chubb, with a market cap of $110.5 billion, has been a top performer, with stock up 36% in the last 52 weeks. Analysts rate it as a “moderate buy” with an average target price of $278.95. Occidental Petroleum, a $50 billion integrated energy player, has seen Berkshire Hathaway increase its stake to around 28%. The stock has had a rough year, down 11.8% in the last 52 weeks, but is actively working to reduce debt, with analysts rating it as a “moderate buy” with an average target price of $71.68. Warren Buffett’s continued investment in these companies highlights their strong financial performance and growth potential.



Read more at Nasdaq: 2 Stocks Warren Buffett Kept Buying While He Unloaded Apple