AAPL and Apple

manch · February 13, 2019, 10:59pm

Apple is 4 orders of magnitude worse than google in AI.

hanera · February 13, 2019, 11:00pm

We need Scott Forstall back!

wuqijun · February 13, 2019, 11:00pm

Apple expertise is in hardware, not software.

manch · February 13, 2019, 11:01pm

Right. That’s why I have been calling apple’s service bullshit.

hanera · February 13, 2019, 11:03pm

Apple excels in system software. Isn’t the type of software needed for AV is system software?

Huh? Want to be grouped with UCLA alumni?

wuqijun · February 13, 2019, 11:04pm

Ok maybe so… why not invest in both companies so no need to fret over which is the real deal…

manch · February 13, 2019, 11:14pm

Someone needs to carry on the fine tradition here. If nobody comes forward then I have to do the work.

manch · February 14, 2019, 9:57pm

BOOM!!

hanera · February 14, 2019, 10:01pm

That is what I suspected. He has been silent throughout the decline. The old man’s buy n hold is BS. In any case, reading between the lines, Jim Cramer is hesitating because the arrest of Huawei CFO could be the hair on the camel back that will eventually kill Apple business in China. He has been talking about China risk and didn’t talk much about AAPL is not to be traded.

Berkshire’s Apple stake fell to about 249.6 million shares from 252.5 million three months earlier.

Only 3 million?

ww13 · February 14, 2019, 10:11pm

Sold 1%. It doesn’t seem meaningful, but that could have temporarily depressed the price.

hanera · February 14, 2019, 10:15pm

He didn’t add which is BIG. Same with Apple. Both let the stock price tumbles.

ww13 · February 14, 2019, 10:17pm

Idk, wasn’t the stake around 25% of something? There is risk for the portfolio with that type of concentration.

manch · February 14, 2019, 10:44pm

• Warren Buffett’s Berkshire Hathaway (BRK.B, BRK.A) took a new stake in software maker Red Hat (NYSE:RHT) and reduced its holdings in Apple (NASDAQ:AAPL) by the end of December, according to its 13F filings.

• Acquired 4.175M share of Red Hat valued at $733M.

• Added 14.16M shares of StoneCo (NASDAQ:STNE).

• Reduced stake in Apple by about 1%, but still holds shares worth about $39.4B.

• Exited Oracle (NYSE:ORCL) and reduced holdings in United Airlines parent UAL (NASDAQ:UAL) and Phillips 66 (NYSE:PSX).

manch · February 14, 2019, 10:45pm

So no need to buy oracle anymore now that WB sold it. WB is turning into a trader.

Or was he always a trader?

WB is getting on the cloud king train. Why Red Hat though? Isn’t it now part of IBM?

hanera · February 14, 2019, 10:48pm

After since he commented he should have sold KO, he turned into a trader.
Even WB is into cloud royals.
@manch When would you getting your feet wet?

manch · February 14, 2019, 10:53pm

I am knee deep into cloud.

Jil · February 14, 2019, 11:10pm

WB reducing 1% AAPL is small and he will do it to comply some legal or SEC issue.
His reduction in ORCL (completely selling out) may be real as he would have felt wrong idea.

manch · February 15, 2019, 2:22am

• Suncor Energy (NYSE:SU) +2.8% after-hours as Berkshire Hathaway (BRK.A, BRK.B) discloses taking a 10.8M-share stake in the company, representing 0.7% of SU’s total outstanding shares.

• Red Hat (NYSE:RHT) only +0.3% after Berkshire also opened a new position in that company.

• Buffett’s firm also sharply cut its holdings in Phillips 66 (NYSE:PSX) by 22%, or 3.5M shares, and United Continental (NASDAQ:UAL) by 15%, or 4M shares, while trimming its Apple stake by ~1%, still holding nearly 250M shares.

hanera · February 16, 2019, 11:03am

AAPL stalls after hitting counter-trend target. So far, only cloud stocks broke above counter-trend and achieved new ATHs. F10s and other prominent stocks merely hanging between DCB and CTT prices. WS is riding the and lost interest in other stocks.

caiguycaiguy · February 16, 2019, 10:26pm