Berkshire Hathaway is still on a buying spree and announced a few new purchases such as Citigroup, Paramount, Chevron, Activision Blizzard, Ally Financial, Celanese, Markel and McKesson. It also sold Verizon, AbbVie, Bristol-Myers Squibb and Wells Fargo. Berkshire has deployed a third of its cash pile within 3 months – holding $106.3 billion of cash … Read more
What happened to the US Market? 5 May 2022 was a brutal day in the US market with the steepest drop since June 2020. All major indices plunged with the Dow closing more than 1000 points lower or 3.12% lower and Nasdaq taking a near 5% hit. The broad S&P 500 also took a 3.56% … Read more
We now have Amazon in the spotlight with a dramatic post-market dump. Quick overview, it does seem apparent that this sell-off is warranted as we are looking at how EPS missed expectations by -189.02%. That is indeed a huge miss for a large-cap tech stock and the after-hours selling pressure would most certainly have caught … Read more
For some prelude to this, do check out this article which covers Meta’s results for 4Q2021. Here we are once again with Meta’s earnings in the headlines. From .. We are now seeing … Needless to say, Meta is once again back in the headlines and this time on a much better note. What puzzles … Read more
After delivering >109% growth between 2020 and 2021, Netflix’s pandemic driven growth has dried up. To make things worse, its share price tanked by 36% in its biggest one-day loss, after its earnings report on 20 April 2022. It is now trading at a 4-year low. Here, I’ll discuss the reasons for Netflix’s crash, its … Read more