Apple remains Berkshire's biggest single investment. The firm owned roughly 908 million shares at the end of last year. The stake's value accounts for about 44% of its entire $270 billion stock portfolio.
The new bets on Verizon and Chevron highlight Buffett's confidence in more traditional sectors to recover from the coronavirus pandemic. The legendary investor was optimistic the start of the health crisis, telling investors they should"never, ever bet against America." While tech giants led the stock market's initial rebound, investors have since rotated cash to value and small-cap stocks in hopes that vaccinations and new stimulus can supercharge an economic rebound.
Verizon closed at $54.15 on Tuesday, down roughly 7% year-to-date. The company has six"buy" ratings and 11"hold" ratings from analysts.
Yes ! Investor confidence
Is this kind of disclosure by big investors is it good for our CSE? What do you think?