Warren Buffett Cuts His Stake in Apple (Again)
From Nasdaq: 2024-11-10 09:05:00
Berkshire Hathaway, led by Warren Buffett, holds a record $325 billion cash pile. Buffett has been selling Apple shares, reducing the stake to around 300 million shares worth $69.9 billion. Apple’s revenue grew 6% in Q4, but lags behind peers. Antitrust risks from Google lawsuit may impact profits.
Buffett’s cautious approach to investing in Apple is driven by valuation concerns. Apple’s high P/E ratio of 36 signals overvaluation. Investors may consider trimming positions if Apple is a significant part of their portfolio. Despite challenges, Apple’s brand strength and competitive advantage remain intact.
An expert team of analysts is issuing “Double Down” stock recommendations for companies poised to surge. Past recommendations for Amazon, Apple, and Netflix have yielded impressive returns. Investors are urged to take advantage of this opportunity before it’s too late. Don’t miss out on potentially lucrative investments.
Disclosure: Berkshire Hathaway, Amazon, Apple, Alphabet, and Microsoft are recommended by The Motley Fool. Board members of these companies hold positions. The Motley Fool has positions in these companies and recommends certain options. Personal disclosures from the author are also mentioned.
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