230.65 +1.40 (0.61%)
Pre-Market: 7:33AM EDT
|Bid||231.40 x 900|
|Ask||232.15 x 1200|
|Day's Range||228.31 - 231.54|
|52 Week Range||214.64 - 275.31|
|PE Ratio (TTM)||18.30|
|Earnings Date||Oct 16, 2018|
|Forward Dividend & Yield||3.20 (1.35%)|
|1y Target Est||276.23|
CNBC's Leslie Picker reports on Goldman Sachs switching Tesla to "not rated" as the bank says for the first time on the record that it's acting as an advisor to Elon Musk on potentially taking Tesla private and cannot provide any price targets.
CNBC's Leslie Picker reports on which companies Berkshire Hathaway has increased or decreased its stake in, based on its latest 13F filing.
The dreaded sovereign-bank “doom loop” in Europe may have weakened. Thanks to political risks and regulatory changes, Italian lenders may be reluctant to snap up domestic government bonds during market stresses -- a potentially huge structural shift in demand in the euro area’s second-most indebted nation. Goldman Sachs Group Inc. casts doubt on whether such institutions can go on serving as dutiful marginal buyers, a bid that’s historically stabilized a market seen as Europe’s Achilles’ heel.
The U.S. Securities and Exchange Commission has sent subpoenas to Tesla Inc regarding Chief Executive Elon Musk's plan to take the company private and his statement that funding was "secured," Fox Business Network reported on Wednesday, citing sources. The electric carmaker's shares fell as much as 4 percent but cut their losses after Goldman Sachs Group Inc said it was dropping equity coverage of Tesla because it is acting as a financial adviser on a matter related to the automaker. Investors viewed the Goldman statement as confirming a tweet from Elon Musk on Monday about working with Goldman, even as the reported subpoenas indicated the SEC has opened a formal investigation into a matter.
Heard it again yesterday. I couldn't believe it. A conversation among reasonable people about how the bull is on its last legs. A few minutes later, I hear that Warren Buffett has bought more Apple , and, astoundingly, has actually purchased 2.
Warren Buffett, chairman and CEO of Berkshire Hathaway (BRK.B, $205.83), wasn't kidding when he said he couldn't get enough bites of Apple's (AAPL) stock. The Oracle of Omaha added to Berkshire Hathaway's already hefty stake in the iPhone maker during the three months ended June 30. Apple has since gone on to become the first U.S. company to top $1 trillion in market value. Buffett has made his ardor for Apple well-known, but the world's greatest value investor made a number of other noteworthy moves in the second quarter, according to a new 13F regulatory filing. (Large investors such as Berkshire are required to disclose their holdings to the Securities and Exchange Commission every three months.) The big picture remains the same. Buffett is, as always, bullish. In total, Berkshire spent $6.1 billion on stocks in the second quarter. And since it can be instructive to see what Buffett has been up to, we took a closer look at what Berkshire has been buying and selling. Keep in mind that bigger investments are thought to be made by Warren Buffett himself, while smaller positions are believed to be handled by lieutenants Ted Weschler and Todd Combs. With that caveat in mind, here are the most notable recent changes to Berkshire Hathaway's stock holdings. SEE ALSO: 20 Dividend Stocks to Fund 20 Years of Retirement
, making it the first time Constellation has officially announced the names of the high-profile banks. Bank of America has committed to provide the credit facility for Constellation Brands to purchase roughly $4 billion in Canopy Growth stock to bring Constellation's stake in the company up to 38%. "The fact that Bank of America is providing the financing for the transaction provides another level of validation for the industry in general," said Paul Rosen, CEO of Tidal Royalty and co-founder and ex-CEO of cannabis company Cronos Group.
One of the most hotly anticipated 13F filings each quarter is the report from billionaire investment guru Warren Buffett and Berkshire Hathaway. Buffett has long been seen as an investment icon, and his company's stellar performance year after year only helps to cement this status. One of the very most important stakes in the Berkshire portfolio is surely Apple Inc. ( AAPL).
Warren Buffett has for years been looked at as an investment icon, while maintaining a relatively simple mantra. Buffett and Berkshire Hathaway (BRK.B) have long tried to invest in companies that both the Oracle of Omaha and the conglomerate understand. This sounds easy enough, but what are some of Buffett's most recent investments?
Investing.com - Wall Street opened lower Wednesday on concerns about retail earnings and global market weakness.
“We remain conﬁdent in the trajectory of the consumer recovery, as drivers of spending remain solid,” suggests Goldman Sachs consumer analyst Matthew Fassler. At least in Goldman Sachs’ opinion, it’s full speed ahead when it comes to consumer stocks. Goldman Sachs has offered investors 7 consumer stocks, but I’d like to provide alternatives.
The owners of one of Nashville's largest office buildings are taking steps toward offering their downtown tower for sale. The 27-story building bears the name of First Tennessee Bank (NYSE: FHN), and also features tenants such as Warner Music Group and law firm Waller Lansden Dortch & Davis. There's potential to develop a high-rise on top of the tower's parking garage.
Venus MedTech, a Chinese developer of heart valve replacements backed by Goldman Sachs Group Inc., is considering a Hong Kong initial public offering, people with knowledge of the matter said. Venus, based in the eastern Chinese city of Hangzhou, is weighing a plan to sell shares as soon as early next year, according to the people. The medical device maker could seek to raise about $300 million to $500 million, the people said, asking not to be identified because the information is private.
A federal judge on Tuesday said Goldman Sachs Group Inc (GS.N) shareholders may again pursue class-action claims that the bank concealed conflicts of interest when creating risky subprime securities before the 2008 financial crisis. U.S. District Judge Paul Crotty in Manhattan said shareholders could sue as a group because Goldman had not shown it more likely than not that its alleged misstatements had no impact on its stock price. Goldman spokesman Michael DuVally declined to comment.
A federal judge on Tuesday said Goldman Sachs Group Inc shareholders may again pursue class-action claims that the bank concealed conflicts of interest when creating risky subprime securities before the 2008 financial crisis. U.S. District Judge Paul Crotty in Manhattan said shareholders could sue as a group because Goldman had not shown it more likely than not that its alleged misstatements had no impact on its stock price. Goldman spokesman Michael DuVally declined to comment.
By Jonathan Stempel (Reuters) - Warren Buffett's Berkshire Hathaway Inc boosted its investments in Goldman Sachs Group Inc and Israel's Teva Pharmaceutical Industries Ltd during the second quarter and ...
Warren Buffett's Berkshire Hathaway Inc boosted its investments in Goldman Sachs Group Inc and Israel's Teva Pharmaceutical Industries Ltd during the second quarter and confirmed it has expanded its already ...
Goldman Sachs Group Inc. shareholders won a ruling allowing them to proceed as a group in a $13 billion lawsuit claiming the bank defrauded them by failing to disclose conflicts of interest related to investments linked to risky mortgages it sold before the financial crisis. U.S. District Judge Paul A. Crotty in Manhattan granted the shareholders’ request to certify the case as a class action, dealing a blow to the company’s efforts to avoid further liability for the investments at issue, including the infamous Abacus collateralized debt obligation. The suit centers around CDOs Goldman Sachs created and sold in early 2007 as the U.S. housing market began to unravel.
The changes were disclosed in a regulatory filing detailing Berkshire's U.S.-listed stock holdings as of June 30. Berkshire said it owned roughly 13.3 million Goldman shares worth $2.92 billion, a 21 percent increase in the number of shares over the 11 million it owned three months earlier. It also said it owned close to $47 billion of Apple stock, comprising about 252 million shares, up 5 percent from 239.6 million at the end of March.
Warren Buffett's Berkshire Hathaway Inc on Tuesday said it has increased its investment in Goldman Sachs Group Inc, and confirmed it has added to its stake in iPhone maker Apple Inc. The changes were disclosed in a regulatory filing detailing Berkshire's U.S.-listed stock holdings as of June 30. Berkshire said it owned roughly 13.3 million Goldman shares worth $2.92 billion, a 21 percent increase in the number of shares over the 11 million it owned three months earlier.
Investors can rummage through the cheapie bin, looking for stocks with ultralow price-earnings ratios. But buying so-called deep value stocks isn't for the faint of heart: Their shares tend to be inexpensive because of a downturn in their business, and they may not rebound soon. Yet bargain hunters aren't entirely out of luck. Banks and other financial firms, for instance, trade at an average 36% discount to Standard & Poor's 500-stock index, based on the stocks' book value (assets minus liabilities), according to Bank of America Merrill Lynch. Some media companies also look inexpensive, along with technology firms that aren't as pricey as the stars of the tech world but still have strong prospects. The following seven stocks are bargains you can bet on for the long term. Our picks are profitable and leaders in their fields, but their shares trade at reasonable prices because of pressures in their industry or company-specific challenges. Eventually, we think those issues will subside. And for now, investors can buy these stocks at an attractive discount to the broad market or to industry averages. That should help set up strong returns, even if the stocks' prices rise only enough to get back to long-term average valuations. SEE ALSO: The 10 Best Stocks for GOP Tax Reform