Prediction: 3 Stocks Warren Buffett Is Still Selling, in Addition to Apple and Bank of America
From Nasdaq: 2024-11-13 05:06:00
Nov. 14 is a crucial day for investors as institutional investors must file Form 13F with the SEC. This form reveals the latest quarter’s stock purchases and sales by top money managers, offering insights into market trends. Warren Buffett’s Berkshire Hathaway has been a net seller of stocks for eight consecutive quarters, with $166.2 billion more sold than purchased.
Investors eagerly await Buffett’s 13F filing as Berkshire Hathaway’s top holdings are disclosed in quarterly reports. Buffett has been reducing his stakes in Apple and Bank of America, selling over $36 billion in securities during the third quarter. The Oracle of Omaha is likely to have also sold shares of Capital One Financial, T-Mobile, and Louisiana-Pacific based on recent trends and valuations.
Buffett’s selling activity is driven by concerns over valuation and potential economic slowdown. Capital One Financial, T-Mobile, and Louisiana-Pacific have seen share reductions due to high valuations and economic uncertainties. Buffett’s strategy as a value investor involves selling stocks that no longer offer attractive valuations, even for strong companies like these telecom and building material providers.
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Disclaimer: Bank of America is an advertising partner of Motley Fool Money. The author has positions in AT&T and Bank of America. The Motley Fool has positions in Apple, Bank of America, and Berkshire Hathaway, and recommends T-Mobile US and Verizon Communications.
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