Warren Buffett's Stock Picks

Warren Buffett's Stock Picks

And, Apple's new MacBook discount.

Steven Lerner
Steven Lerner

Today is Tuesday, November 15, 2022.

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Warren Buffett's Stock Picks

Warren Buffett’s Berkshire Hathaway (NYSE: BRK.A) is investing in a new slate of companies, according to an SEC filing on Monday.

New Stocks: Berkshire Hathaway bought stakes in Jefferies Financial Group (NYSE: JEF), Louisiana-Pacific (NYSE: LPX), and Taiwan Semiconductor Manufacturing (NYSE: TSM).

Big Bounce: The filing sent all three stocks higher in after-hours trading on Monday. Jefferies went up 4.36%, Taiwan Semiconductor jumped 5.88%, and Louisiana-Pacific soared 10.70%.

Big Picture: While the three companies are not key holdings for Berkshire Hathaway, it shows that Buffett is focused on adding new companies to his portfolio that have suffered in 2022’s market downturn. The three new companies are all down this year. Shares of Berkshire Hathaway are up 2% in 2022.

Final Thoughts: The big takeaway for new investors is to follow Buffett’s lead by identifying good value stocks and building a diversified portfolio of investments.


Notable Earnings Today: Home Depot (NYSE: HD), Walmart (NYSE: WMT), Advance Auto Parts (NYSE: AAP), Ferroglobe (Nasdaq: GSM), Sea Ltd. (NYSE: SE), PAVmed (Nasdaq: APVM), Krispy Kreme (Nasdaq: DNUT), Lulu’s Fashion Lounge Holdings (Nasdaq: LVLU), Tencent Music (NYSE: TME), Astronics (Nasdaq: ATRO), Energizer (NYSE: ENR), QuickLogic (Nasdaq: QUIK), Aramark (NYSE: ARMK), The Metals Company (Nasdaq: TMC), Navigator Holdings (NYSE: NVGS), Endava (NYSE: DAVA), Affimed (Nasdaq: AFMD), Varex Imaging (Nasdaq: VREX), Evoqua Water Technologies (NYSE: AQUA), HUYA (NYSE: HUYA), Valvoline (NYSE: VVV).

Notable IPOs Today: 8x8 Inc Common Stock (Nasdaq: EGHT), Adamas One Corp. Common Stock (Nasdaq: JEWL), US Treasury 12 Month Bill ETF (Nasdaq: OBIL), Acrivon Therapeutics, Inc. Common Stock (Nasdaq: ACRV), Clearmind Medicine Inc. Common Shares (Nasdaq: CMND).

Notable Equity Crowdfunding Campaigns Ending Today: 20/20 GeneSystems (StartEngine), Krisspi (PicMii), Timeplast (StartEngine), Uncle’s Ice Cream (StartEngine), axxios (StartEngine).

Notable Economic Events Today: Producer Price Index (8:30 a.m. ET), NY Empire State Manufacturing Index (8:30 a.m. ET), API Weekly Crude Oil Stock (4:30 p.m. ET).

Apple’s New MacBook Discount

MacBook Pro 15'
Photo by Yu Hai / Unsplash

Shares of Apple (Nasdaq: AAPL) ticked up 0.32% in after-hours trading on Monday due in part to a new discount promotion for MacBooks.

Details: Apple is offering a business discount of as much as 10% for its 14-inch and 16-inch MacBook Pros, according to Bloomberg. This stands out because Apple usually doesn’t offer sales like this.

Background: While Apple has performed better than most of the other major technology stocks this year, it hasn’t been pretty. During Apple’s most recent earnings, revenue for iPhone was lower than expected. The stock is down 18% this year.

Big Picture: By offering this discount, Apple hopes to boost sales during the holidays.

Final Thoughts: Apple is still dealing with challenges, including iPhone delays in factories. But the stock is up 4% in the last 30 days and may have room for more growth.

Crypto Investors Kept Buying

In spite of some bad recent events in the cryptocurrency industry, investors continued to buy the dip. Investors poured $42 million in crypto last week, the largest inflows for 14 weeks, according to a report from CoinShares on Monday.

Final Thoughts: This proves that no matter the circumstances, many crypto investors will keep buying digital assets.

More Downsizing: Amazon reportedly plans to lay off about 10,000 employees starting this week (CNBC)

Shots: Moderna Says New Covid Booster Strengthens Immune Response Against Subvariants (The New York Times)

Bad Times: Wall Street ends lower as investors gauge Fed's policy path (Reuters)

A Little Help: Binance Starts Recovery Fund for Crypto Projects Facing Liquidity Crisis (CoinDesk)

Going After Bonds: Retail Traders Rush Into Bond Markets in Hunt for Juicier Yields (Yahoo! Finance / Bloomberg)

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