Warren Buffett Just Sent Wall Street a $5 Billion Warning. Is It Safe to Buy Stocks Now?
Warren Buffett has been investing in the stock market for nearly 81 years, and his financial success has become the stuff of Wall Street legend. In 1965, Buffett brought his considerable business savvy to bear on Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) when he took control of the company, and its value has since increased by a factor 43,100. Much of that wealth creation can be attributed to shrewd investments Buffett has made.
Berkshire had $318 billion invested in equity securities (stocks) at the end of the third quarter -- presumably a material contributor to its $770 billion market capitalization -- and nearly two-thirds of those invested assets were unrealized gains. Suffice it to say, Buffett has a knack for picking great stocks, so many investors monitor when and where Berkshire deploys its capital.
Well, the company released its third-quarter earnings results last week, and they contained a clear warning for Wall Street. The report showed Berkshire buying $1.7 billion in equities, but selling $6.9 billion in equities, meaning the company was a net seller of stocks to the tune of $5.2 billion during Q3. The logical conclusion: Buffett sees very few buying opportunities in the market.
Source Fool.com
Berkshire Hathaway Inc. A Stock
Currently there is a rather positive sentiment for Berkshire Hathaway Inc. A with 3 Buy predictions and 0 Sell predictions.
As a result the target price of 650000 € shows a slightly positive potential of 8.06% compared to the current price of 601500.0 € for Berkshire Hathaway Inc. A.
