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Warren Buffett has invested over $563 million into three assets after selling significant stakes in Apple and Bank of America. His recent purchases include $405 million in Occidental Petroleum, $113 million in Sirius XM Holdings, and $45 million in VeriSign, as Berkshire Hathaway now owns more than 10% of each company.
The Dow Jones Industrial Average surged nearly 400 points, reversing a 10-day losing streak, as investors reacted positively to a lower-than-expected inflation report, despite looming government shutdown concerns. Nvidia's stock attempted a recovery, while shares of Trump Media and Technology fell sharply after the president-elect moved shares to a revocable trust. FedEx initially soared over 20% on earnings but later declined, while Carnival's stock rose 3% following better-than-expected quarterly results.
Wall Street faced volatility as the S&P 500 and Nasdaq marked their third consecutive day of losses, while the Dow ended a 10-day losing streak. FedEx surged 8.5% after a strategic spin-off, while Nike shares fell 6% amid a delayed turnaround plan. Novo Nordisk's obesity treatment trial results disappointed, causing its stock to drop, while Berkshire Hathaway increased its stake in Occidental Petroleum.
UBS has maintained a "Neutral" rating for Pfizer, setting a target price of $31. The decision to terminate the lung cancer study with Sasanlimab is attributed to strategic reasons, though high dropout rates raise concerns, particularly regarding the ongoing phase III bladder cancer study.
UBS has increased its price target for Netflix from $825 to $1,040, maintaining a "Buy" rating. Analyst John Hodulik noted that Netflix is well-positioned to benefit from the ongoing structural changes in the media sector, leading to higher long-term estimates for operating profit and cash flow.
UBS has increased its price target for Microsoft from $500 to $525, maintaining a "Buy" rating. Analyst Karl Keirstead highlighted the company's strong cost control and provided an update on its AI developments. Microsoft has seen a remarkable 357% gain since its initial recommendation.
Investors are concerned that Trump's potential trade tariffs could exacerbate inflation, as retail sales rose 0.7% in November. The Dow Jones is on track for its longest losing streak since the 1970s, while Nvidia faces challenges with thermal issues in its chips, impacting its stock. Tesla continues to rise, with analysts projecting a bullish outlook for 2025.
Nestlé India has delivered a 62% total shareholder return over the past five years, despite a recent 12% drop in share price. While earnings per share grew at 12% annually, the market's pessimism is reflected in a P/E ratio of 66.83, indicating potential undervaluation. Shareholders have seen a 7.4% decline this year, contrasting with a 26% market rise, suggesting a need for careful evaluation of the company's fundamentals.
UBS has raised its price target for Amazon from $230 to $264, maintaining a "Buy" rating. Analyst Stephen Ju highlighted the company's declining office workforce, which suggests improved margins and supports his estimates for 2025, with the new target reflecting expectations through the end of 2026.
In 2010, Laszlo Hanyecz made history by buying two pizzas for 10,000 bitcoins, valued then at $41, but now worth over $1 billion. Wall Street's views on Bitcoin have shifted dramatically, with figures like Larry Fink embracing it as a legitimate asset, while Jamie Dimon remains a staunch critic. Others, like Ken Griffin and Ray Dalio, express mixed feelings, acknowledging Bitcoin's value yet questioning its role in the financial system.
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