Tag Archive for AXP

Big Bank Earnings Today: Wells Fargo (NYSE: WFC) and JPMorgan (NYSE: JPM) – Money Morning

Two of the largest U.S. financial institutions kicked off third-quarter results for big bank earnings today, giving us a peek at how they fared amid tough times for both firms.

Wells Fargo & Co (NYSE: WFC) is in the midst of slashing headcount in its mortgage unit by some 1,800, and JPMorgan Chase & Co (NYSE: JPM) is tangled up in settlement talks with the U.S. Justice Department.

What Warren Buffett’s Shareholder Letter Tells Us – Money Morning

This is a syndicated repost courtesy of Money Morning. To view original, click here. Reposted with permission. Warren Buffett‘s shareholder letter to Berkshire Hathaway Inc. (NYSE: BRK.A, BRK.B) investors was full of the Oracle of Omaha’s market wisdom and one-liners, plus some hints about what Berkshire will pursue in 2013. Here’s a look at what…

Stocks to Buy: 5 Picks Buffett and Insiders Love Right Now – Money Morning

Investors often look to Warren Buffett’s purchases when trying to pick the best stocks to buy.

And with good reason: Buffett’s conglomerate, Berkshire Hathaway (NYSE: BRK.A, BRK.B),
has an impressive track record and got off to a stellar start this year. Berkshire Hathaway gained 8.7% in January, beating the Standard & Poor’s 500 Index’s 6% rise and the Dow Jones Industrial Average’s 7% increase.

It’s also a good sign when Buffett’s picks include companies with heavy insider buying, given insiders buy because they expect shares to rise.

That’s why MarketWatch and Insider Monkey just took a look at Buffett’s 38 holdings and compared his purchases to stocks that have had sustainable insider buying in the past 90 days.

And who knows better than insiders? These folks are privy to the most current information on their companies’ prospects, and research shows stock prices rise more after insiders’ net purchases than after net sales.

MarketWatch and Insider Monkey came up with the following five stocks to buy now, based on Buffett’s holdings and insider buying.

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Why the January 2013 U.S. Jobs Report May Surprise You – Money Morning

This is a syndicated repost courtesy of Money Morning. To view original, click here. Reposted with permission. The U.S. employment picture is expected to show continued signs of improvement when the Labor Department releases January’s U.S. jobs report Friday morning. Projections are for nonfarm payrolls to have gained 168,000 employees during the first month of…

Warren Buffett Stocks: Where the Oracle of Omaha Puts his Money

Berkshire Hathaway (NYSE: BRK.A, BRK.B) has been on a buying spree, adding a plethora of positions to its storied portfolio of “Warren Buffett stocks.”

Last Wednesday the conglomerate released its stock holdings. Mutual funds and retail investors closely watch the picks to dissect the selections for hints about the company’s tactics. Other simply want to mimic Buffett’s moves.

This quarter Berkshire disclosed new stakes in General Motors (NYSE: GM) and Viacom (Nasdaq: VIAB), larger positions in Wells Fargo (NYSE: WFC) and Wal-Mart Stores (NYSE: WMT), and a small increased position in International Business Machines (NYSE: IBM).

Declining stakes were noted in Kraft Foods (NYSE: KFT) and Procter & Gamble (NYSE: PG).

The Berkshire portfolio ballooned to $89.1 billion on March 31 from $77 billion at the end of 2011. The firm is the largest shareholder in Coca-Cola (NYSE: KO), Wells Fargo and American Express (NYSE: AXP).

The additions come as Buffett and Berkshire Vice Chairman Charlie Munger have tasked former hedge fund managers Todd Combs and Ted Weschler with more investing duties. The two were brought into Berkshire to help oversee investments, as Buffett, Berkshire’s CEO and chairman, transitions the company for his ultimate departure.

The 81-year-old sage acknowledged that he makes Berkshire’s larger bets, while his team of stock pickers is responsible for smaller wagers.

In his widely read shareholder letter in February, Buffett penned, “When our quarterly filings report relatively small holdings, these are not likely to be buys I made but rather holdings denoting purchases by Todd or Ted. They have the brains, judgments and character” to do the job.

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