These 4 Stocks Are Soaring In Premarket As Warren Buffett's Berkshire Hathaway Takes A Stake
Portfolio Pulse from Benzinga Neuro
Berkshire Hathaway, led by Warren Buffett, has increased its holdings in Ulta Beauty Inc. (NASDAQ:ULTA) and Heico Corp (NYSE:HEI), causing significant pre-market gains for these stocks. Chubb Limited (NYSE:CB) and Occidental Petroleum Corporation (NYSE:OXY) also saw minor pre-market increases. The surge follows Berkshire's disclosure of significant stock sales, including a reduction in Apple Inc. (NASDAQ:AAPL) holdings.
August 15, 2024 | 9:48 am
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NEGATIVE IMPACT
Apple Inc. (NASDAQ:AAPL) saw a significant reduction in Berkshire Hathaway's holdings, with over 389 million shares sold, though Berkshire still retains 400 million shares.
The significant reduction in Berkshire Hathaway's holdings in Apple may lead to short-term downward pressure on AAPL's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 70
POSITIVE IMPACT
Chubb Limited (NYSE:CB) saw a minor pre-market increase of 0.41% after Berkshire Hathaway boosted its holdings to 27,033,784 shares.
The minor pre-market increase of 0.41% suggests a modest positive reaction from investors to Berkshire Hathaway's increased stake in Chubb Limited.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Heico Corp (NYSE:HEI) experienced a pre-market gain of 3.85% after Berkshire Hathaway announced an increase in its holdings.
The pre-market gain of 3.85% reflects positive investor sentiment following Berkshire Hathaway's increased investment in Heico Corp.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Occidental Petroleum Corporation (NYSE:OXY) saw a minor pre-market increase of 0.97% after Berkshire Hathaway boosted its holdings to 255,281,524 shares.
The minor pre-market increase of 0.97% indicates a modest positive reaction from investors to Berkshire Hathaway's increased stake in Occidental Petroleum.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Ulta Beauty Inc. (NASDAQ:ULTA) saw a significant pre-market gain of 16.39% after Berkshire Hathaway announced an increase in its holdings.
The substantial pre-market gain of 16.39% indicates strong investor confidence following Berkshire Hathaway's increased stake in Ulta Beauty.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100