These are the stocks posting the largest moves before the bell.Market Insiderread more
Home Depot's CEO says the retailer cut its outlook partly due to "the potential impacts to the U.S. consumer arising from recently announced tariffs."Retailread more
The report comes as Trump in recent days has lashed out over media reports about growing recession fears.Politicsread more
United States Steel Corp will temporarily lay off hundreds of workers at its Great Lakes facility in Michigan in coming weeks, according to a filing the steelmaker made with...US Marketsread more
Kohl's said Tuesday that a strong start to the back-to-school season and new partnership with Amazon helped the retailer beat Wall Street earnings expectations during the...Retailread more
Energy stocks may be fueling up for a comeback rally. One technical analyst says that after the sector's pummeling, these two stocks look particularly good.Trading Nationread more
While the U.S. gave Huawei a 90-day reprieve, allowing American businesses to keep selling specific products to the Chinese firm, it also added more affiliates of the...Technologyread more
Dow set to drop; White House denies payroll tax cut report; China tweaks interest rates; Home Depot worries about trade war; Beyond Meat gets an upgradeMarketsread more
For investors still haunted by last week's monster sell-off, the market's comeback is set to last, according to J.P. Morgan's quant guru.Marketsread more
The attacks come after state and local ransomware attacks in New York, Louisiana, Maryland and Florida resulted in the loss of significant sums.Technologyread more
Porsche and Apple believe music streaming is the next advancement for in-car entertainment. The luxury automaker and tech giant are teaming up to allow drivers of the all-new,...US: Consumer Servicesread more
Berkshire Hathaway's recent decision to scoop up another 75 million shares of Apple shows yet again — Berkshire already held 165.3 million shares — that Apple is one of the few tech companies that fits into Warren Buffett's investment philosophy.
Buffett has frequently stated that he's a fan of investing in efficient companies that are run as simply as possible. Apple fits the bill. There's no guessing where it makes money: iPhones, iPads, Macs, services. "Here's a company with, whatever their earnings are, $60 billion, and you can put all their products on a dining room table," Buffett told CNBC's Becky Quick.
Plus, CEO Tim Cook has long been lauded as a master of the supply chain, which means he's good at getting millions of products built in an effort to meet overwhelming demand.
Buffett likes companies with long-term strategies. "Nobody buys a farm based on whether it's going to rain next year," he said on CNBC's "Squawk Box. " "They think it's a good investment over 10 or 20 years." That's why he doesn't worry about quarterly iPhone sales, even if Apple misses, because he's more interested in Apple's growth over the next decade.
Also, Apple's no longer just an iPhone company. The company's wearables business, which didn't even exist several years ago, is now the size of a Fortune 300 business and has no real competition. Its "services" business, which includes the App Store, iCloud, Apple Music and more, is also growing at a rapid rate.
"I see how strong that ecosystem is, to an extraordinary degree. … You are very, very, very locked in, at least psychologically and mentally, to the product you are using. [IPhone] is a very sticky product," Buffett said in February of the iPhone and Apple's ecosystem.
Apple's products and services are so popular they have the potential to survive bad management. Buffett thinks investing in a good business is better than investing in good management. Apple currently has both.
"If you've got a good enough business, if you have a monopoly newspaper, if you have a network television station — I'm talking of the past — you know, your idiot nephew could run it," Buffett once said of his investment in Moody's, of which he knew nothing about the management. "And if you've got a really good business, it doesn't make any difference."
Buffett likes to invest in American companies. His largest holdings as of February included Wells Fargo, Apple, Bank of America and Coca-Cola. Buffett said last year that he believes America has the "secret sauce. "
"It doesn't work all the time perfectly," Buffett said, "but you just look at where we go, milestone after milestone. Never bet against America."