Three Stocks Warren Buffett Is Selling as a Recession Nears
Portfolio Pulse from Nic Chahine
Warren Buffett's Berkshire Hathaway is selling significant shares in Apple, Bank of America, and Chevron amid recession fears. Buffett's moves reflect concerns over slowing growth and potential economic downturns.
September 09, 2024 | 5:15 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Berkshire Hathaway has reduced its position in Apple by nearly 50%, citing tax reasons. However, Apple's slowing earnings and revenue growth may also be a factor.
Berkshire's significant reduction in Apple shares suggests a lack of confidence in its short-term growth, especially with slowing earnings and revenue.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Berkshire Hathaway reduced its position in Bank of America by $37 billion amid negative earnings growth and recession fears.
The reduction in BAC shares aligns with negative earnings growth and recession concerns, which typically impact banks heavily.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 85
NEGATIVE IMPACT
Buffett sold 30.6 million shares of Chevron, possibly anticipating lower energy prices due to reduced demand in a recession.
The sale of Chevron shares suggests expectations of lower energy demand and prices, impacting oil and gas profits.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80