Markets are all abuzz with the weekend release of Warren Buffett's annual letter to shareholders of his Berkshire Hathaway Co. (BRK.A) , (BRK.B) , but what do charts say about The Oracle of Omaha's holdings?
Bruce Kamich, technical analyst for TheStreet's Real Money premium site for active traders, charted out Buffett's major holdings Monday, and here are excerpts of what he found:
A key Action Alerts Plus holding, Kamich says Apple's chart (below) shows that "the long side of Apple could well be profitable, but I need to find a location with a better risk/reward profile." Read more here.
Coke is trading at around $44 a share, but our technical analyst finds that "strength above $47 [is} needed to improve the chart picture." Click here to read his full analysis.
Check out TheStreet's Executive Editor Brian Sozzi's recent interview with Coke's CEO James Quincey.
Wells Fargo (WFC)
Wells Fargo is trading at about $60 a share, and Kamich says a rally above $62 "could restart the uptrend -- but a close below $54 are likely to embolden the bears." You can see his full analysis here.
Click here to read Kamich's full reports on all of Buffett's major holdings, as well as to get real-time analysis from him, Jim Cramer and other experts every market day.