Prediction: 3 Stocks Warren Buffett Is Still Selling, in Addition to Apple and Bank of America
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Warren Buffett's team sold over $36 billion in stocks in the September-ended quarter, including Apple and Bank of America. The article predicts three other stocks that Buffett might still be selling.
November 13, 2024 | 10:30 am
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Warren Buffett's team has been selling shares of Apple, contributing to over $36 billion in stock sales last quarter.
The sale of Apple shares by Warren Buffett's team is significant due to the large volume of stocks sold, which could indicate a bearish outlook or profit-taking strategy. This action may lead to short-term downward pressure on Apple's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 80
NEGATIVE IMPACT
Bank of America shares were also part of the $36 billion stock sell-off by Warren Buffett's team last quarter.
The sale of Bank of America shares by Warren Buffett's team suggests a potential reevaluation of their position in the bank, possibly due to changing market conditions or strategic shifts. This could lead to short-term negative sentiment around BAC's stock.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 80