Why Warren Buffett Is Selling These Stocks
It shouldn't be too big of a surprise that Warren Buffett has soured on IBM (NYSE: IBM). The Oracle of Omaha has been unloading his position in Big Blue all year. But IBM isn't the only stock that Buffett's been reducing in Berkshire Hathaway's portfolio. He's also been selling Charter Communications (NASDAQ: CHTR), and a bit more surprisingly, Wells Fargo (NYSE: WFC). Are the best days behind these stocks?
Big ships can't turn on a dime, and IBM is a freighter. Plans to reshape IBM back into a growth company are taking forever, and apparently, Warren Buffett's done waiting. He's been steadily selling Berkshire Hathaway's massive stake in IBM all year.
IMAGE SOURCE: MOTLEY FOOL.
Source: Fool.com
Wells Fargo & Co. Stock
€48.72
-5.070%
With 21 Buy predictions and 2 Sell predictions Wells Fargo & Co. is one of the favorites of our community.
With a target price of 60 € there is a positive potential of 23.17% for Wells Fargo & Co. compared to the current price of 48.72 €.
