This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Buffett's Big Move in Shaky Market

Whether Combs or fellow-newcomer Ted Weschler played a part in Buffett's buying frenzy remains up for debate. For Berkshire investors, what ultimately matters is whether Buffett's new purchases can help get his company's stock out of its rut.

Year to date, BRK.A is down over 5.5%, handedly underperforming the broad S&P-tracking SPDR S&P 500 ETF (SPY). The mood remained soured this week following the release of the company's shaky quarterly earnings. Despite beating analyst estimates, the company reported a notable decline in third quarter profits. Commentators have attributed this drop to the investor's derivative bets.

Long a proponent of the U.S.' economic recovery, Buffett has expressed his bullish views through various mediums including interviews and op-ed articles. However, with his most recent purchases, it is clear that his optimism is more than just rhetorical. Looking ahead, it will be interesting to see if the investor's new bets pay off.

On a side note, I would like to encourage my readers to review an article written by Jonathan Buoni, the editor of my newsletters who has entered a new columnist competition. If you like the article, "The Ultimate Gold Valuation," you can vote for it at the top of the page. Thank you!

Written by Don Dion in Williamstown, Mass.

RELATED ARTICLES:


At the time of publication, Dion Money Management did not own any equities mentioned.
2 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
SYM TRADE IT LAST %CHG
SPY $185.43 0.01%
AMX $13.29 -3.42%
BAC $12.20 -0.57%
BRK.A $192,635.00 0.72%
KO $43.30 1.52%

Markets

Chart of I:DJI
DOW 16,014.38 -12.67 -0.08%
S&P 500 1,852.21 -1.23 -0.07%
NASDAQ 4,268.7630 -14.99 -0.35%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs