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Zacks Value Investor Highlights: AbbVie, Chevron, RH, Aon and Kroger
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For Immediate Release
Chicago, IL – September 10, 2021 – Zacks Value Investor is a podcast hosted weekly by Zacks Stock Strategist Tracey Ryniec. Every week, Tracey will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life. To listen to the podcast, click here:
Is Berkshire Hathaway Trading In Its Stock Portfolio?
Welcome to Episode #250 of the Value Investor Podcast.
Every week, Tracey Ryniec, the editor of Zacks Value Investor portfolio, shares some of her top value investing tips and stock picks.
This week, she takes a closer look at Berkshire Hathaway's second quarter stock moves.
Berkshire Hathaway sold shares in a bunch of positions but also added to 3 older positions and added one new stock in the quarter.
There were no dramatic moves.
However, some of the stock sales were a bit perplexing if you're a fan of Warren Buffett and his investing strategies.
The Best Time to Sell is Never
Buffett is famous for buying stocks and holding them for long periods of time. In some cases, he has held a stock for decades.
But in the second quarter of 2021, Berkshire Hathaway sold a stake in two positions that it had only first entered into the year before, in 2020.
Berkshire bought shares of AbbVie (ABBV - Free Report) , the big pharmaceutical company, in the third quarter of 2020.
It bought Chevron (CVX - Free Report) ), one of the largest integrated oil companies in the United States, in the fourth quarter of 2020.
Not even a year later, it sold shares in both but still holds a position.
Chevron is now up about 15% year-to-date. AbbVie is up 18%.
Why buy and sell so quickly?
Is Berkshire Hathaway trying to market time?
Adding More to 3 Positions
Berkshire bought RH (RH - Free Report) for the first time in the third quarter of 2019. It added to its position again in the second quarter of 2021 and is now one of the largest shareholders of the luxury furniture maker.
It also added to its stake in insurance giant AON (AON - Free Report) and bought more in supermarket retailer Kroger (KR - Free Report) .
Berkshire is now one of the largest shareholders of Kroger.
What can value investors learn from Berkshire's moves as the major stock indexes continue to hit new highs?
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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Zacks Value Investor Highlights: AbbVie, Chevron, RH, Aon and Kroger
For Immediate Release
Chicago, IL – September 10, 2021 – Zacks Value Investor is a podcast hosted weekly by Zacks Stock Strategist Tracey Ryniec. Every week, Tracey will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life. To listen to the podcast, click here:
Is Berkshire Hathaway Trading In Its Stock Portfolio?
Welcome to Episode #250 of the Value Investor Podcast.
Every week, Tracey Ryniec, the editor of Zacks Value Investor portfolio, shares some of her top value investing tips and stock picks.
This week, she takes a closer look at Berkshire Hathaway's second quarter stock moves.
Berkshire Hathaway sold shares in a bunch of positions but also added to 3 older positions and added one new stock in the quarter.
There were no dramatic moves.
However, some of the stock sales were a bit perplexing if you're a fan of Warren Buffett and his investing strategies.
The Best Time to Sell is Never
Buffett is famous for buying stocks and holding them for long periods of time. In some cases, he has held a stock for decades.
But in the second quarter of 2021, Berkshire Hathaway sold a stake in two positions that it had only first entered into the year before, in 2020.
Berkshire bought shares of AbbVie (ABBV - Free Report) , the big pharmaceutical company, in the third quarter of 2020.
It bought Chevron (CVX - Free Report) ), one of the largest integrated oil companies in the United States, in the fourth quarter of 2020.
Not even a year later, it sold shares in both but still holds a position.
Chevron is now up about 15% year-to-date. AbbVie is up 18%.
Why buy and sell so quickly?
Is Berkshire Hathaway trying to market time?
Adding More to 3 Positions
Berkshire bought RH (RH - Free Report) for the first time in the third quarter of 2019. It added to its position again in the second quarter of 2021 and is now one of the largest shareholders of the luxury furniture maker.
It also added to its stake in insurance giant AON (AON - Free Report) and bought more in supermarket retailer Kroger (KR - Free Report) .
Berkshire is now one of the largest shareholders of Kroger.
What can value investors learn from Berkshire's moves as the major stock indexes continue to hit new highs?
Tune into this week's podcast to find out.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.