(4:10) Warren Buffett may have sold Apple shares too soon, missing out on new all-time highs. Despite still holding some Apple stock, he sold throughout 2024. Berkshire Hathaway also started selling Bank of America in 2024, missing out on gains as the stock rose 22% over the last year.
(12:00) Vertiv Holdings, an AI infrastructure company, recently hit all-time highs, up 872% in 5 years. However, with stretched valuations and a high forward P/E ratio of 44, investors may consider selling. United Rentals and Hilton Worldwide Holdings are also near all-time highs, but with missed earnings and high P/E ratios.
Zacks names a top semiconductor stock poised for growth in the AI, Machine Learning, and IoT markets. With strong earnings and growing demand, the company is expected to benefit from the projected explosion in global semiconductor manufacturing. Investors can access the full report for free to learn more. 1. The stock market reached record highs today with the Dow Jones Industrial Average closing at 30,000 for the first time. This milestone comes as investors remain optimistic about a potential coronavirus vaccine and economic recovery.
2. In sports news, LeBron James signed a two-year, $85 million contract extension with the Los Angeles Lakers. The deal will keep the NBA superstar with the team through the 2022-2023 season.
3. COVID-19 cases continue to rise across the United States, with over 12 million confirmed infections and 250,000 deaths. Health officials urge the public to practice social distancing and wear masks to slow the spread of the virus.
4. In entertainment news, Taylor Swift announced the surprise release of her ninth studio album, “Evermore.” The album features 15 new tracks and is a follow-up to her critically acclaimed album “Folklore.”
5. A new study published in a medical journal found that wearing a mask significantly reduces the spread of COVID-19. Researchers reported that communities with mask mandates saw a decrease in new cases compared to those without mandates.
6. Tesla CEO Elon Musk announced plans to build a new Gigafactory in Texas. The factory is expected to create thousands of jobs and produce Tesla’s new Cybertruck and Model Y vehicles. Musk also hinted at the possibility of moving Tesla’s headquarters to Texas.
Read more at Nasdaq: Did Buffett Sell Apple and Bank of America too Early?
