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Warren Buffett's Berkshire Hathaway bought 1.62 million shares of Burlington Northern Santa Fe in the past few days, according to a filing late Tuesday with the Securities and Exchange Commission.
It was a busy day for Warren Buffett Watch Friday, with renewed speculation on the timing and targets of a potential multi-billion acquisitions and Berkshire Hathaway's second quarter earnings. With all that happening, I had to wait a few days to tell you about a fascinating piece in the Wall Street Journal about a person it calls the "other" Buffett, Warren's 79-year-old sister Doris.
Berkshire Hathaway's second quarter net earnings increased 33% to $3.1 billion ($2018/share) in the second quarter of this year, compared to $2.3 billion ($1522/share) in the same quarter last year. Operating earnings are up 22% to $2.5 billion ($1625/share).
Less competition from private equity buyouts and cheaper stock prices could be creating a window of opportunity for Warren Buffett to make a big acquisition. Bloomberg speculates on Mr. Buffett's "expanding" opportunities and names some potential targets.
Stocks have been on the proverbial "roller coaster ride" the last several days, and that means increased nervousness for many investors. But I have a strong feeling Warren Buffett is sleeping just fine. In a CNBC.com web-only video, we ask a Buffett-watcher, "What would Warren do when the markets are in turmoil?"
Wall Street suffers one of its worst weeks in years. A "credit crunch" makes it harder to sell debt. A few hedge funds go bust, with fears there could be more. In troubled times, what could be better than a solid dose of "Buffett Basics?"
In an exclusive interview with CNBC, Berkshire Hathaway Chairman Warren Buffett said the stock market isn’t “ridiculously overpriced” and that Berkshire is looking for a "huge" acquisition with the $46 billion in cash it has on hand.
In what may be a "vote of confidence" in Kraft Foods' turnaround strategy, Warren Buffett's Berkshire Hathaway has acquired a "small stake" in the company, according to the Wall Street Journal. The paper quotes a "person familiar with Berkshire's share purchase" as saying it represents less than 5% of Kraft's $55 billion market capitalization.
Just one day after a Wall Street Journal report that Warren Buffett is buying shares of Kraft Foods, we get word today that he's sold a small slice of his stake in PetroChina, the big Chinese oil company. The AP reports there's "no indication whether he was responding to demands by activists to cut his ties to the company due to its investments in Sudan." But the very small size of the sale, about 17 million shares worth just $27 million, would appear to make it a slight adjustment rather than any kind of message.
Warren Buffett's Berkshire Hathaway has bought a small stake in Kraft Foods, according to the Wall Street Journal.
One of the most respected investors in the world of bonds is going on record supporting higher taxes for the nation's super-wealthy, echoing Warren Buffett's controversial call to 'Tax the Rich.' In his most recent market letter, Pimco's Bill Gross comes out strongly in favor of raising taxes on the super-rich to "rectify today’s imbalances."
We have a lot more Warren Buffett on the CNBC.com site. Check out All About Buffett which includes our special report The Billionaire Next Door featuring some fascinating in-depth conversations Buffett taped in Omaha with our own resident Buffett-expert Liz Claman. You can also see a slideshow from CNBC's The Big Idea with Donny Deutsch: My Dad is Warren Buffett in which Howard, Susie and Peter Buffett share family snapshots. You can also get the latest quote and lots of other data about Buffett's Berkshire Hathaway in CNBC.com's stock tools section.
There's a long tradition on Wall Street of asking whether Warren Buffett has peaked. During the Nasdaq run-up around Y2K, he was called "extinct" for staying out of tech stocks because he didn't understand how they made money. Even now, you see references to him possibly losing his "edge." Flashback to 1988, when Buffett bought a lot of Coca-Cola stock, even after it had gained almost 20% a year for eight years. Wall Street thought he was "crazy." There are valuable lessons to be learned by looking back to see why he wasn't.
Hovnanian shares have come down from their high of almost $19 Friday, after getting a late-week boost from lots of speculation Warren Buffett might be interested in buying the beaten-back homebuilder as a value play. Sham Gad, a fan of Buffett's, writes on Motley Fool today that while he has no idea if Buffett really is interested in Hovnanian, it's still worthwhile to do your own Buffett-style analysis to see if the supposed target might be a good buy.
Business Week has just released its list of the "biggest brains" in investing .. and no surprise .. Warren Buffett makes the cut. (I think we all would have been surprised if he hadn't.) What can Buffett and the rest of the top 10 teach the rest of us?
Speculation that Warren Buffett could buy a stake in Hovnanian sent the homebuilders up. But on "Street Signs" today Cramer explained why there's a more likely target. Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Warren Buffett's political life is getting more attention. Today, the Associated Press has a piece on how he "may have to apply his legendary stock-picking skills" in the race for the White House. As was pointed out when he hosted a fundraiser for Hillary Clinton, Buffett hasn't rushed to make an endorsement, praising both Clinton and Barack Obama as excellent Presidential material. He's even talked up a potential Michael Bloomberg-Arnold Schwarzenegger ticket: "That would be one hell of a team, wouldn't it?"
Shares of the beleaguered home builder Hovnanian are up sharply today amid rumors that Warren Buffett's Berkshire Hathaway is buying a stake in the company. Optionmonster.com founder and frequent Fast Money player Jon Najarian is quoted as saying, "There is talk that Warren Buffett is buying a stake in Hovnanian." But our own Bob Pisani at the NYSE points out that one would expect to hear this kind of rumor on a slow Friday in July.
It's been a whirlwind here at the Allen & co. Conference--watching and interviewing all the biggest names in the media world. Everyone's paying close attention to Rupert Murdoch. He rushed into the Sun Valley Inn Wednesday morning just in time for breakfast. .
An explosive bid for Canada's Alcan is giving a positive psychological lift to stocks as traders watch a flood of monthly sales reports from retailers.