Markets and Business News Review http://feed.informer.com/digests/M5D9T8VNUL/feeder Markets and Business News Review Respective post owners and feed distributors Fri, 08 Nov 2013 08:21:40 -0500 Feed Informer http://feed.informer.com/ FT 1000: Europe’s Fastest Growing Companies https://www.ft.com/reports/europes-fastest-growing-companies FT.com - IT urn:uuid:477c1f6d-482c-99cf-f14f-f6b39d371649 Fri, 01 Mar 2024 00:08:00 -0500 The latest annual ranking shows the extent to which entrepreneurship continues to thrive, despite a backdrop of considerable political and social upheaval given rising interest rates and a slowing economy ETF industry observers advise caution when adjusting portfolios https://www.ft.com/content/cf32dd2d-aa9b-4122-906c-e760cae6d25c FT.com - Equities urn:uuid:6f543db1-f97e-5819-0760-ac32ab41db9e Fri, 01 Mar 2024 00:00:38 -0500 Global elections, regional conflicts and sky-high US equity prices might test the patience of investors this year Apple faces the most disruptive threat it has seen in the iPhone era https://www.ft.com/content/e5936e3d-49b6-4b3c-a5fb-27f3371c5934 FT.com - IT urn:uuid:87a845ca-786a-4e75-0850-720c1739da2d Fri, 01 Mar 2024 00:00:38 -0500 The company has strengths in AI but ground to make up as rivals Google and Microsoft move fast Burn Book — a love-hate report from the tech front line https://www.ft.com/content/2d169e82-0aca-4df2-9237-6f067a435be4 FT.com - IT urn:uuid:6a397a21-40f7-1cef-bfc3-d9df77632be4 Fri, 01 Mar 2024 00:00:38 -0500 Journalist Kara Swisher’s breezy, score-settling memoir canters through a career covering Silicon Valley and its moguls Judge Fines Ex-Fox News Reporter, Catherine Herridge, for Not Revealing Sources https://www.nytimes.com/2024/02/29/business/catherine-herridge-fox-news-sources.html NYT > Business Day urn:uuid:946cfeaf-9abb-a9e7-6329-c8bb39a484e7 Thu, 29 Feb 2024 22:37:54 -0500 The journalist, Catherine Herridge, had reported on an F.B.I. investigation of a scientist’s Chinese ties. She was held in contempt of court. Herridge, Catherine Cooper, Christopher Reid News and News Media News Sources, Confidential Status of Freedom of the Press First Amendment (US Constitution) Fox News Channel Chen, Yanping Katie Robertson Catherine Herridge faces fines of $800 a day for withholding sources for articles written in 2017 while she worked at Fox News. John Paul Filo/CBS News, via Associated Press China Has Thousands of Navalnys, Hidden From the Public https://www.nytimes.com/2024/02/29/business/china-dissidents-aleksei-navalny.html NYT > Business Day urn:uuid:1fa8bdcb-6217-02c2-caab-036db46d85f6 Thu, 29 Feb 2024 21:34:01 -0500 China has no dissident with the kind of public profile that Aleksei A. Navalny had. The government has many critics, but they all disappear from view. Politics and Government Political Prisoners International Relations Social Media Human Rights and Human Rights Violations Censorship Asylum, Right of Demonstrations, Protests and Riots Prisons and Prisoners Navalny, Aleksei A Gao Zhisheng Ren Zhiqiang China Russia Li Yuan Outside the Russian Embassy in Warsaw on Feb. 16, the day Aleksei Navalny died in prison. Sergei Gapon/Agence France-Presse — Getty Images Congress votes to avert government shutdown https://www.marketwatch.com/story/house-to-vote-to-prevent-government-shutdown-61fc2313?mod=mw_rss_topstories MarketWatch.com - Top Stories – Sponsored by: CyberTrader urn:uuid:df75107a-4581-1cc2-a6b3-8f138094ec20 Thu, 29 Feb 2024 20:36:00 -0500 Congress on Thursday approved a measure to avert a government shutdown, delaying key deadlines and buying themselves more time to finish a bigger funding agreement. Robert Schroeder Agence France-Presse/Getty Image Look out, Super Micro: Dell is cementing itself as an AI play too https://www.marketwatch.com/story/look-out-super-micro-dell-is-cementing-itself-as-an-ai-play-too-716d1677?mod=mw_rss_topstories MarketWatch.com - Top Stories – Sponsored by: CyberTrader urn:uuid:09e7465d-86d2-034c-4d8e-5bd1c8f0718a Thu, 29 Feb 2024 20:26:00 -0500 ‘I think it’s a big opportunity for us,’ Dell’s COO says, as hardware maker eyes return to revenue growth in 2025 Therese Poletti Getty Images New York Community Bank’s stock slides after leadership changes, ‘material weaknesses’ notice https://www.marketwatch.com/story/new-york-community-banks-stock-drops-after-leadership-changes-material-weakness-notice-21f522ee?mod=mw_rss_topstories MarketWatch.com - Top Stories – Sponsored by: CyberTrader urn:uuid:de7116be-01fc-41e2-e675-9afb9d4efdc1 Thu, 29 Feb 2024 20:24:00 -0500 New York Community Bancorp Inc. on Thursday announced an immediate leadership shakeup, including a new CEO, after the bank booked a big hit to its profits last year, said it had “material weaknesses” in its accounting protocols and disclosed other financial-reporting issues. Bill Peters Getty Images SoundHound’s monster stock rally cools after earnings https://www.marketwatch.com/story/soundhounds-monster-stock-rally-cools-after-earnings-31fdbb3f?mod=mw_rss_topstories MarketWatch.com - Top Stories – Sponsored by: CyberTrader urn:uuid:ddb7f0c8-3a38-2050-3e2a-03d4a4021168 Thu, 29 Feb 2024 20:23:00 -0500 The AI company lost more money than it made in the latest quarter Emily Bary Getty Images Zscaler earnings top expectations, but the cybersecurity stock falls https://www.marketwatch.com/story/zscaler-earnings-top-expectations-but-the-cybersecurity-stock-falls-e3d9f0cb?mod=mw_rss_topstories MarketWatch.com - Top Stories – Sponsored by: CyberTrader urn:uuid:9bf51755-3489-e2cb-17af-c9d9afb2f5c9 Thu, 29 Feb 2024 20:22:00 -0500 Zsacler beat expectations with its latest results and outlook. Emily Bary Getty Images Fisker seeks deal with another carmaker to remain afloat, ‘going concern’ warning on the horizon https://www.marketwatch.com/story/fisker-seeks-deal-with-another-carmaker-to-remain-afloat-going-concern-warning-on-the-horizon-f83dab23?mod=mw_rss_topstories MarketWatch.com - Top Stories – Sponsored by: CyberTrader urn:uuid:a28adf7f-ecc0-e50c-ad95-deecaafbba40 Thu, 29 Feb 2024 20:21:00 -0500 Fisker Inc. shares fell 37% in extended trading Thursday after the EV maker said it was brokering a deal with an unnamed “large” carmaker as it seeks to remain in business, adding that there would be “substantial doubt” about its ability to do just so without a capital injection. Claudia Assis Fisker Inc. HPE’s stock slides after a steep decline in revenue https://www.marketwatch.com/story/hpes-stock-is-tumbling-after-a-steep-decline-in-revenue-f9adf73f?mod=mw_rss_topstories MarketWatch.com - Top Stories – Sponsored by: CyberTrader urn:uuid:1a2f431f-3126-b784-0049-49b6c72668a1 Thu, 29 Feb 2024 20:18:00 -0500 Hewlett Packard Enterprise Co.’s stock fell 4% in after-hours trading Thursday after the company posted a steep drop in quarterly revenue but improved earnings. Jon Swartz Dell’s big quarter, fueled by surge in AI-server demand, sends stock soaring 19% https://www.marketwatch.com/story/dells-big-quarter-fueled-by-surge-in-ai-server-demand-sends-stock-soaring-18-b792d43d?mod=mw_rss_topstories MarketWatch.com - Top Stories – Sponsored by: CyberTrader urn:uuid:5f1e1df3-615c-aeec-8810-67d4dc81f4ef Thu, 29 Feb 2024 20:17:00 -0500 Dell Technologies Inc.’s stock jumped 19% in extended trading Thursday after the company put up quarterly results that eclipsed Wall Street’s expectations. It also announced a 20% increase in its annual cash dividend, to $1.78 per share Jon Swartz Agence France-Presse/Getty Image New York Community Bank Reports $2.4 Billion More in Losses as C.E.O. Resigns https://www.nytimes.com/2024/02/29/business/nycb-losses-ceo.html NYT > Business Day urn:uuid:4bbea9ed-b1f8-1356-a5c7-2befea1444fe Thu, 29 Feb 2024 19:54:58 -0500 The lender said its earnings were far weaker than it had earlier stated, and it disclosed the discovery of “material weaknesses” in its internal controls. Banking and Financial Institutions Appointments and Executive Changes Company Reports New York Community Bancorp Inc. Signature Bank Rob Copeland New York Community Bank’s bad news on Thursday was the last thing the bank needed after weeks of trying to assuage investors’ concerns about its financial health. Ted Shaffrey/Associated Press How Cable News Handled Biden and Trump at the Southern Border https://www.nytimes.com/2024/02/29/business/media/biden-trump-border-media.html NYT > Business Day urn:uuid:06d431c9-6c1d-2a89-8987-d085060ca237 Thu, 29 Feb 2024 19:16:47 -0500 Fox News and CNN aired both men’s remarks in full; MSNBC carried neither one live. Television Presidential Election of 2024 News and News Media CNN MSNBC Fox News Channel Hannity, Sean MacCallum, Martha Nye, Bill Watters, Jesse Eagle Pass (Tex) Michael M. Grynbaum President Biden speaking with Border Patrol agents on Thursday in Brownsville, Texas. Kenny Holston/The New York Times Vanguard says chief Tim Buckley will leave $9tn asset manager this year https://www.ft.com/content/2abebae7-59d8-40ee-b239-26a6d911de57 FT.com - Financial Markets News urn:uuid:c03cc9d0-3abd-0f58-9d8d-161c2a58bf14 Thu, 29 Feb 2024 19:07:14 -0500 Head of world’s second-largest money manager has overseen rapid growth but faced climate criticism My friend’s controlling husband pressured her to give up her job — and ‘lost’ her passport. What can we do? https://www.marketwatch.com/story/my-friends-controlling-husband-pressured-her-to-give-up-her-job-and-lost-her-passport-what-can-we-do-91c6673c?mod=mw_rss_topstories MarketWatch.com - Top Stories – Sponsored by: CyberTrader urn:uuid:4a276368-ae7e-2ae6-91f7-845332449607 Thu, 29 Feb 2024 19:07:00 -0500 “She has complained that her husband has forced her out of the house on several occasions.” Quentin Fottrell Getty Images I borrowed $20,000 from my mother in 1996, but only repaid $5,000. She deducted the entire loan from my inheritance. I need that money. What now? https://www.marketwatch.com/story/i-borrowed-20-000-from-my-mother-in-1996-but-only-repaid-5-000-she-deducted-the-entire-loan-from-my-inheritance-i-need-that-money-what-now-023caa70?mod=mw_rss_topstories MarketWatch.com - Top Stories – Sponsored by: CyberTrader urn:uuid:a3697258-2191-3902-02f6-2d671583bb87 Thu, 29 Feb 2024 19:04:00 -0500 “I live in a semi-expensive assisted living facility, and I’m not in good health.” Quentin Fottrell Getty Images ‘Our American dream turned into a nightmare’: I sold my home, but rising interest rates and prices locked me out of the market. What can I do?  https://www.marketwatch.com/story/our-american-dream-turned-into-a-nightmare-i-sold-my-home-but-rising-interest-rates-and-prices-have-locked-me-out-of-the-market-what-can-i-do-03267370?mod=mw_rss_topstories MarketWatch.com - Top Stories – Sponsored by: CyberTrader urn:uuid:ee1b3da1-8972-bee4-a812-5d4b768cf74b Thu, 29 Feb 2024 18:57:00 -0500 “The home we sold is now going into foreclosure, but it’s way out of our price range. To say the market is disappointing is an understatement.” Quentin Fottrell Getty Images Nasdaq Composite and S&P 500 close at record highs https://www.ft.com/content/886ddad7-60c0-4ad8-95b5-4668404040c1 FT.com - Financial Markets News urn:uuid:0e590840-5e9c-a08f-f87f-caec836e5807 Thu, 29 Feb 2024 18:49:21 -0500 This biotech ETF sees ‘breakout’ while U.S. small-cap technology stocks lag https://www.marketwatch.com/story/this-biotech-etf-sees-breakout-while-u-s-small-cap-technology-stocks-lag-69a87d4a?mod=mw_rss_topstories MarketWatch.com - Top Stories – Sponsored by: CyberTrader urn:uuid:b2afccb1-3daf-cab9-e8e8-f8b5b019ee9b Thu, 29 Feb 2024 18:46:00 -0500 This week’s ETF Wrap digs into the jump in biotech funds, as well as an “unusual” trend in U.S. small-cap stocks versus small-cap tech equities. Christine Idzelis MarketWatch illustration/iStockphoto ‘GRANOLAS’ vs. the Magnificent Seven: Which should you dig into now? https://www.marketwatch.com/story/granolas-vs-the-magnificent-seven-which-should-you-dig-into-now-79d2aaf5?mod=mw_rss_topstories MarketWatch.com - Top Stories – Sponsored by: CyberTrader urn:uuid:abbe35c6-75cb-6c85-e52d-f260bae70c12 Thu, 29 Feb 2024 18:44:00 -0500 These European and U.S. market darlings both come with spectacular trailing returns, overvaluation and investors’ FOMO. Mark Hulbert istock Oprah to Leave WeightWatchers Board https://www.nytimes.com/2024/02/29/business/oprah-weight-watchers-board-stock.html NYT > Business Day urn:uuid:864193bb-ffb7-6b1a-38bf-a0d724c61c03 Thu, 29 Feb 2024 18:30:19 -0500 The company announced the departure of its most famous spokeswoman in a corporate filing that sent the stock into a tailspin. Weight Diet and Nutrition Drugs (Pharmaceuticals) Weight Watchers International Inc Winfrey, Oprah Emily Schmall Oprah Winfrey revealed in December that she was taking a weight-loss medication. Mike Blake/Reuters New York Community Bancorp flags ‘material weaknesses’ as it switches CEO https://www.ft.com/content/2eab0944-37bb-48a1-80ad-231ef2db39fb FT.com - Financial Markets News urn:uuid:06ff8c94-9de9-e619-a889-a9a085180783 Thu, 29 Feb 2024 18:17:57 -0500 US regional lender’s shares fall again as investors worry about commercial property exposure Caitlin Clark is turning pro. Why she could make more money staying in college than the WNBA. https://www.marketwatch.com/story/why-caitlin-clark-could-make-more-money-staying-in-college-than-going-to-the-wnba-30da8566?mod=mw_rss_topstories MarketWatch.com - Top Stories – Sponsored by: CyberTrader urn:uuid:362f2eb4-094c-302a-b546-22b9ca5014b1 Thu, 29 Feb 2024 17:48:00 -0500 The highest salary Clark can make in the WNBA is $76,535. She currently makes over $900,000 in NIL deals. Weston Blasi Getty Images AMD is worth $300 billion for the first time. These stats show its dramatic rise. https://www.marketwatch.com/story/amd-is-worth-300-billion-for-the-first-time-these-data-show-its-dramatic-rise-d86a8f8e?mod=mw_rss_topstories MarketWatch.com - Top Stories – Sponsored by: CyberTrader urn:uuid:0b98bf3e-b6d8-b55e-e7ee-bfe2051dbfc6 Thu, 29 Feb 2024 17:47:00 -0500 AMD was the 222nd largest company in the S&P 500 five years ago. Lop off a digit and you get its current rank. Emily Bary Getty Images U.S. Proposes New Rules to Ease Flying for Travelers in Wheelchairs https://www.nytimes.com/2024/02/29/us/politics/air-travel-wheelchairs.html NYT > Business Day urn:uuid:9f3e2bd2-76ae-079a-3097-da932a5ff270 Thu, 29 Feb 2024 17:35:08 -0500 The Transportation Department said the proposed regulations would make it easier to hold airlines accountable for mishandling passengers’ wheelchairs. Airlines and Airplanes Disabilities Discrimination Wheelchairs Regulation and Deregulation of Industry United States Politics and Government Buttigieg, Pete (1982- ) Transportation Department (US) Biden, Joseph R Jr Mark Walker The proposed rules would require additional training for workers who physically assist disabled passengers or handle their wheelchairs. Scott McIntyre for The New York Times The S&P 500 is overbought, but that doesn’t mean it’s time to sell https://www.marketwatch.com/story/the-s-p-500-is-overbought-but-that-doesnt-mean-its-time-to-sell-d1763efc?mod=mw_rss_topstories MarketWatch.com - Top Stories – Sponsored by: CyberTrader urn:uuid:a6355688-1b6b-939b-35f4-52df3b0d2038 Thu, 29 Feb 2024 17:34:00 -0500 Signs of a market top are everywhere — and investors are ignoring them for now. Lawrence G. McMillan Getty Images/iStockphoto U.S. stocks are off to their best start to a year since 2019 — and the rally is not just about the ‘Magnificent Seven’ https://www.marketwatch.com/story/u-s-stocks-are-off-to-their-best-start-to-a-year-since-2019-and-the-rally-is-not-just-about-the-magnificent-seven-a0627fb6?mod=mw_rss_topstories MarketWatch.com - Top Stories – Sponsored by: CyberTrader urn:uuid:f1c55d32-2ec9-18ca-c7aa-d62807f18b36 Thu, 29 Feb 2024 17:30:00 -0500 Beaten-down corners of the stock market also found the spotlight to start 2024. Isabel Wang MarketWatch photo illustration/iStockphoto Nursing Home Staffing Shortages and Other Problems Still Persist https://www.nytimes.com/2024/02/29/health/nursing-home-staffing-shortages-pandemic.html NYT > Business Day urn:uuid:ff838713-4a67-f67b-9e7f-d539f9d41c6a Thu, 29 Feb 2024 17:20:35 -0500 Infection control lapses, severe staffing shortages and lowering vaccination rates have continued to plague many facilities beyond the pandemic. Coronavirus (2019-nCoV) Nursing Homes Shortages Elder Care Labor and Jobs Inspectors General Protective Clothing and Gear Vaccination and Immunization Medicare Medicaid Centers for Medicare and Medicaid Services Health and Human Services Department Biden, Joseph R Jr your-feed-healthcare Andrew Jacobs “Just as airplanes cannot be repaired while in flight, nursing home challenges could not be fully repaired during the pandemic,” said a social science analyst with the inspector general’s office. Shuran Huang for The New York Times Vanguard CEO Tim Buckley to retire at year’s end https://www.marketwatch.com/story/vanguard-ceo-tim-buckley-to-retire-at-years-end-00c24ab9?mod=mw_rss_topstories MarketWatch.com - Top Stories – Sponsored by: CyberTrader urn:uuid:c5256c0b-9d2f-4564-9267-6c6b26f38f35 Thu, 29 Feb 2024 17:18:00 -0500 Board of investment behemoth Vanguard has started a “comprehensive” selection process to evaluate both internal and external candidates to replace Buckley. Claudia Assis Vanguard Trump media company co-founders allege ‘stock grab’ in lawsuit https://www.ft.com/content/41486d7a-72f4-4f29-a0e0-73ed7cfa1221 FT.com - IT urn:uuid:90ec2141-e7fd-ede6-2f8c-d2fc3b2b8c7d Thu, 29 Feb 2024 17:15:31 -0500 Legal fight complicates path to public listing for Truth Social operator that could provide windfall for former president Gas prices are rising again. Here’s why you shouldn’t worry, one analyst says. https://www.marketwatch.com/story/gas-prices-are-rising-again-heres-why-you-shouldnt-worry-one-analyst-says-76c80be4?mod=mw_rss_topstories MarketWatch.com - Top Stories – Sponsored by: CyberTrader urn:uuid:5827bb7d-3ec0-248e-8eef-7e0d37990f1f Thu, 29 Feb 2024 17:08:00 -0500 Gasoline prices have gone up across the country over the past week, and drivers planning to head out of town for spring break sometime during the next two months will likely see prices that are higher still. Isabel Wang Agence France-Presse/Getty Image Disney Heirs Line Up Against Nelson Peltz and Activist Investors https://www.nytimes.com/2024/02/29/business/media/disney-heirs-nelson-peltz.html NYT > Business Day urn:uuid:fcc947ca-01c1-074f-b88d-59423cc998e2 Thu, 29 Feb 2024 17:00:14 -0500 Nine grandchildren of Walt and Roy Disney expressed support for Bob Iger and the company’s board, and criticized Nelson Peltz and others circling Disney. Walt Disney Company Iger, Robert A Peltz, Nelson Rasulo, James A Shareholder Rights and Activism Boards of Directors ValueAct Capital Partners Brooks Barnes Disney’s shares are up about 23 percent since the start of the year, but still down from where they were in 2021. Alex Welsh for The New York Times 10 stocks you can bet on being inflation-proof https://www.marketwatch.com/story/10-stocks-you-can-bet-on-being-inflation-proof-4f80c061?mod=mw_rss_topstories MarketWatch.com - Top Stories – Sponsored by: CyberTrader urn:uuid:62be9fb7-5b6a-f73f-8045-2430368fd62d Thu, 29 Feb 2024 16:51:00 -0500 High-quality stocks can do well when prices are rising or falling. Here’s why. Mark Hulbert Getty Images/iStockphoto Autodesk’s stock rises on fourth-quarter results, sales outlook https://www.marketwatch.com/story/autodesks-stock-rises-on-fourth-quarter-results-sales-outlook-0f14b340?mod=mw_rss_topstories MarketWatch.com - Top Stories – Sponsored by: CyberTrader urn:uuid:3baa23d7-9334-e18a-4e3b-0429cefad9f4 Thu, 29 Feb 2024 16:45:00 -0500 Shares of Autodesk Inc. rose after hours on Thursday after the developer of 3-D design software reported fiscal fourth-quarter results that topped expectations. Bill Peters Nasdaq Composite posts first record close in over 2 years https://www.marketwatch.com/story/nasdaq-composite-posts-first-record-close-in-over-2-years-75c94374?mod=mw_rss_topstories MarketWatch.com - Top Stories – Sponsored by: CyberTrader urn:uuid:81a817f8-b0ac-ff67-511b-d9814895bf74 Thu, 29 Feb 2024 16:38:00 -0500 The tech-heavy Nasdaq Composite Index posted its first record finish in more than two years Thursday, as inflation figures sparked a relief rally. William Watts Getty Images Warren Buffett Sold Apple While Continuing To Buy 2 Big Dividend Energy Stocks https://247wallst.com/investing/2024/02/29/warren-buffett-sold-apple-while-continuing-to-buy-2-big-dividend-energy-stocks/ 24/7 Wall St. urn:uuid:c79439db-9e76-40d3-f657-51d7d9f791b7 Thu, 29 Feb 2024 16:15:17 -0500 <p>If any investor has stood the test of time, it’s Warren Buffett, and with good reason. For years, the “Oracle of Omaha” has had a rock star-like presence in the investing world, and his annual Berkshire Hathaway shareholders meeting draws thousands of loyal fans who are investors. Known for his long buy-and-hold strategies and his [&#8230;]</p> <p>The post <a href="https://247wallst.com/investing/2024/02/29/warren-buffett-sold-apple-while-continuing-to-buy-2-big-dividend-energy-stocks/">Warren Buffett Sold Apple While Continuing To Buy 2 Big Dividend Energy Stocks</a> appeared first on <a href="https://247wallst.com">24/7 Wall St.</a>.</p> <p><strong>If any investor has stood</strong> the test of time, it’s Warren Buffett, and with good reason. For years, the “Oracle of Omaha” has had a rock star-like presence in the investing world, and his annual Berkshire Hathaway shareholders meeting draws thousands of loyal fans who are investors.</p> <p><strong>Known for his long</strong> buy-and-hold strategies and his massive portfolio of public and private holdings, he remains one of the preeminent investors in the entire world. Long-time investors and Buffett mavens are familiar with his quote, “His favorite holding for an S&amp;P 500 stock is forever”, so it’s not surprising to report that for all of the success and stature Berkshire Hathaway has in the investment world, the 5 top companies make up almost 75% of the fund&#8217;s total holdings.</p> <p><strong>While much more concentrated</strong> than most portfolio managers would ever consider, the strategy has worked for Berkshire Hathaway investors for years and likely will in the future.</p> <p><strong>While the portfolio moves</strong> are generally not earth-shaking, selling some of the most significant positions in Berkshire Hathaway is very notable. In addition, Warren Buffett continues to add shares to his energy positions.</p> <h2>Warren Buffett finally sold some Apple stock</h2> <figure style="width: 1366px" class="wp-caption aligncenter"><img decoding="async" loading="lazy" src="https://247wallst.com/wp-content/uploads/2017/10/warren-buffett.jpg" alt="" width="1366" height="768" data-caption="" data-id="417712" data-credit="Kent Sievers / Shutterstock.com" /><figcaption class="wp-caption-text">Mr. Warren Buffett</figcaption></figure> <p><strong>In a move that surprised</strong> many, Berkshire Hathaway reported selling 10 million shares of Apple Inc. (<a href="http://247wallst.com/companies/aapl" data-lasso-id="4534772">NASDAQ: AAPL</a>) in the last quarter of 2023. While for most portfolio managers, that would be a gigantic portfolio move, it was the proverbial drop in the bucket as the fund still holds 905,560,000 shares, which equates to a 5.9% stake in the legacy technology leader. The sale only lowered Apple holdings by 1%.</p> <h2>The Berkshire Hathaway Apple position is still huge</h2> <figure style="width: 1366px" class="wp-caption aligncenter"><img decoding="async" loading="lazy" src="https://247wallst.com/wp-content/uploads/2022/10/imageForEntry21-5C9.jpg" alt="" width="1366" height="768" data-caption="" data-id="1188372" data-credit="PhillDanze / iStock Editorial via Getty Images" /><figcaption class="wp-caption-text">New York Apple store</figcaption></figure> <p><strong>Despite the sale,</strong> Apple remains by far and away the largest holding in Warren Buffett&#8217;s portfolio. The stock is worth a stunning $164,069,380,800  at current trading levels and<span style="font-weight: 400;"> generates $869,337,600 in passive dividend income every year. </span></p> <h2>The problem selling Apple presents</h2> <figure style="width: 1366px" class="wp-caption aligncenter"><img decoding="async" loading="lazy" src="https://247wallst.com/wp-content/uploads/2020/04/imageForEntry2-TYi.jpg" alt="" width="1366" height="768" data-caption="" data-id="681037" data-credit="SARINYAPINNGAM / iStock via Getty Images" /><figcaption class="wp-caption-text">A stock trader looks at charts.</figcaption></figure> <p><strong>Many Wall Street writers</strong> and analysts have commented on the sale, and while it’s not a big deal at the margin if Warren Buffet ever started selling shares on a large scale, Apple’s stock price could plunge.</p> <h2>Warren Buffett loves two mega-cap energy stocks</h2> <figure style="width: 1366px" class="wp-caption aligncenter"><img decoding="async" loading="lazy" src="https://247wallst.com/wp-content/uploads/2021/12/imageForEntry7-qIP.jpg" alt="" width="1366" height="768" data-caption="" data-id="1019619" data-credit="Funtay / iStock via Getty Images" /><figcaption class="wp-caption-text">Producing oil rig</figcaption></figure> <p>While the Apple sale was an eye-opener for many, Berkshire Hathaway bought another 4.3 million shares of Occidental Petroleum Corporation (<a href="http://247wallst.com/companies/oxy" data-lasso-id="4534773">NYSE: OXY</a>) in early February.</p> <p>Mr. Buffett has loaded the boat on Occidental Petroleum, which pays Berkshire Hathaway a reported $897,455,953 in annual dividends. $218,255,953 from the common stock and $679,200,000 from Occidental preferred stock which yields 8%.</p> <h2>Another huge buy of Chevron also hit the tape</h2> <figure style="width: 1366px" class="wp-caption aligncenter"><img decoding="async" loading="lazy" src="https://247wallst.com/wp-content/uploads/2019/06/imageforentry17-t9f.jpg" alt="" width="1366" height="767" data-caption="" data-id="557325" data-credit="Joe Raedle / Getty Images" /><figcaption class="wp-caption-text">Chevron storage tank</figcaption></figure> <p><strong>Many on Wall Street feel</strong> that an additional purchase of 16 million more shares of Chevron Corporation (NYSE: CVX) not only speaks to Mr. Buffett’s bullish take on energy but also seems to re-enforce the decision by Chevron to forge ahead with the $53 billion merger with Hess Corporation (NYSE: HES).</p> <p><strong>Chevron announced</strong> last fall that it has entered into a definitive agreement with Hess Corporation (<a href="http://247wallst.com/companies/hes" data-lasso-id="4534774">NYSE: HES</a>) to acquire all of the outstanding shares of Hess in an all-stock transaction valued at $53 billion, or $171 per share based on Chevron’s closing price on October 20, 2023. Under the terms of the agreement, Hess shareholders will receive 1.0250 shares of Chevron for each Hess share. The transaction&#8217;s total enterprise value, including debt, is $60 billion.</p> <p><strong>Berkshire Hathaway</strong> owns 6.8% of Chevron&#8217;s outstanding stock with 126,093,326 shares, and the energy giant makes up 5.1% of the portfolio. Each year, the stock generates $776,734,888 in dividend income. </p> <p>&nbsp;</p> <p>&nbsp;</p> <p>&nbsp;</p> <p>&nbsp;</p> <p>&nbsp;</p> <p>&nbsp;</p> <p>&nbsp;</p><div class='fwpPitch' data-site='247wallst' data-link='https://smartasset.com/retirement/find-a-financial-planner?utm_source=247wallst&#038;utm_campaign=wall_qualified&#038;utm_content=desktop|warren-buffett-sold-apple-while-continuing-to-buy-2-big-dividend-energy-stocks|1362057&#038;utm_term=247wallst&#038;utm_medium=eoaCTALinkDefault' data-campaign-name='wall_qualified' data-utm-source='247wallst' data-utm-campaign='wall_qualified' data-utm-term='247wallst'><div id="smartasset" style="margin-bottom: 1em; margin-top: 1em;"> <p><b>Sponsored: Find a Qualified Financial Advisor</b></p> <p>Finding a qualified financial advisor doesn’t have to be hard. <a href="https://smartasset.com/retirement/find-a-financial-planner?utm_source=247wallst&#038;utm_campaign=wall_qualified&#038;utm_content=desktop|warren-buffett-sold-apple-while-continuing-to-buy-2-big-dividend-energy-stocks|1362057&#038;utm_term=247wallst&#038;utm_medium=eoaCTALinkDefault" target="_blank" rel="noopener" target="_blank"> SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes.</a> Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. 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