19 Mar

STNE Stands Out in Berkshire Hathaway’s Portfolio

WRITTEN BY Mark O'Hara FEATURED IN Post-Release Earnings Reports and Consumer Discretionary


StoneCo (STNE) had risen 22.0% today as of 11:10 AM Eastern Time. The company released its earnings yesterday and crushed analysts’ estimates. Berkshire Hathaway (BRK-B) is StoneCo’s second-largest shareholder. Berkshire chairman Warren Buffett, who has an enviable track record of beating the S&P 500 (SPY) over the last five decades, has received criticism over some of Berkshire’s holdings.

STNE Stands Out in Berkshire Hathaway’s Portfolio

Kraft Heinz

Earlier this year, Coca-Cola (KO), part of Berkshire’s portfolio of publicly traded stocks, gave dismal guidance. Kraft Heinz (KHC) also plunged following its earnings release. Berkshire is Kraft Heinz’s biggest shareholder. Along with the earnings miss, Kraft Heinz announced a massive asset writedown and revealed a subpoena it received in October. In a CNBC interview, Buffett called Kraft Heinz “a wonderful business” though admitted that he “was wrong in a couple of ways about Kraft Heinz.” He added, “We overpaid for Kraft.”

Warren Buffett

Last year, Buffett admitted to missing out on Amazon (AMZN) and Alphabet (GOOG), saying he “made the wrong decisions on Google and Amazon.” Berkshire was Apple’s (AAPL) second-largest shareholder at the end of the fourth quarter. However, Buffett surprised markets by not adding more Apple stock in the fourth quarter despite its price plunging 30%. For more, read Buffett Didn’t Aggressively Buy Stocks in the Q4 Sell-Off and How Warren Buffett’s Investment Philosophy Has Evolved.

Latest articles

Verizon Communications stock (VZ) closed down 2.09% on Tuesday after the leading US mobile carrier reported mixed results for the first quarter of 2019 before the market bell yesterday.

24 Apr

Nokia’s Patent Business Is Put On the Spot

WRITTEN BY Rachel Gunter

Several European auto companies want Nokia’s (NOK) patent business subjected to an antitrust probe.

The first-quarter semiconductor earnings season has begun, and the stock market is showing bullish sentiment as investors buy ahead of earnings releases.

Netflix (NFLX) is working its way through a series of price increases in several markets, including the United States and parts of Europe.

Netflix (NFLX) is aiming to add 14.6 million paying subscribers in the first six months of 2019.

Earlier today, the second-largest US automaker, Ford Motor Company (F), announced a plan to invest $500 million in Plymouth-based automotive company Rivian.