While real rebound in the economy is still uncertain, the best investments may be in stocks that pay investors to wait. Dividend plays are back in demand and Michael Crofton, CEO of Philadelphia Trust Company and Tim O’Brien, senior portfolio manager at Evergreen Utility and Telecommunications Fund said they should remain the core of any portfolio. Read More
Warren Buffett's Berkshire Hathaway was doing more selling than buying of stocks during the second quarter, but there is one new holding: New Jersey-based medical technology company Becton Dickinson. Berkshire also added to its stake in Johnson & Johnson, although the holdings are still well below where they were before Buffett sold over 33 million shares last fall. Read More
Warren Buffett's Berkshire Hathaway has sold its remaining stake of over six percent in Constellation Energy, with most of it going to a British investment bank. In an SEC filing, Berkshire's MidAmerican Energy Holdings discloses a series of sales, including the sale of almost 11 million shares today (Monday) at $27.25 each to Barclays Capital. The rest of the shares listed in today's filing were sold on the open market over the past two weeks. Read More
Even though Warren Buffett always says he likes stocks more when they're cheaper, he didn't do a lot of buying as Wall Street's major indexes fell to their bear-market lows (so far) in early March. Berkshire Hathaway's first quarter stock portfolio snapshot shows no blockbuster buys. A few stakes did, however, get bigger during the first three months on the year. Read More