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Warren Buffett unveils new investments, Cisco drops to Q4 results



<p class = "Canvas Atomic Canvas Text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "It was absolutely a day to Forbidden for stock market participants, when the S & P 500 took one of its worst blows in recent memory. "Data-reactid =" 11 "> For stock market participants, it was an unforgettable day when the S & P 500 suffered one of its worst blows in the recent past.

The Bears are still scratching after-hours, with some companies struggling with significant declines – even if today's news is not bad for every stock.

Source: The Motley Fool.

Buffett goes shopping, buys Amazon

<p class = "Canvas Atomic Canvas Text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B) Warren Buffett's corporate vehicle, revealed the latest steps in his publicly-traded equity portfolio quarterly regulatory disclosure that details on such "Data-reactid =" 26 "> Berkshire Hathaway (NYSE: BRK-A) Warren Buffett's company vehicle, revealed the latest steps in its publicly traded business equity portfolio. The regular quarterly regulatory disclosures disclosing details of such moves were filed after today's market close.

"type =" text "content =" From this file it appears that the legendary investor's company had loaded shares of Amazon.com (NASDAQ: AMZN) . Berkshire's stake in Amazon stood at 537,300 shares at the end of the Q2 calendar. This represents an increase of 11% over the value of the previous quarterly release. "data-reactid =" 27 "> This submission shows that the legendary investor's company has loaded shares from Amazon.com (NASDAQ: AMZN) .The Amazon share of Berkshire amounted to 537,300 shares at the end of the second quarter, an increase of 11% over the value of the previous quarterly disclosure.

Amazon is a relatively new share for Berkshire – it has turned out to have opened a position in May The investment in Amazon represents a departure from the once-famous tech-savvy Buffett, although he has publicly expressed his admiration of the company several times in the past.

As always, Berkshire remains heavily weighted in the financial sector, a classic buffet Following the recent disclosure of the portfolio, Berkshire increased its already substantial stake in Bank of America (1945,9002) by 3.5%, while se Berkorp (19459003) was raised by 2.4% (19659014) Amazon, Bank of America, Berkshire has not had a firm grip for decades. This began more as an opportunistic commitment when Buffett pledged $ 5 billion in 2011 to invest $ 5 billion in Berkshire's capital for a stack of preferred stock and warrants. After exercising these warrants in 2017, the value of this portion of Bank of America had risen to approximately $ 21 billion.

Regardless, Pershing Square Capital, led by one of its most prominent activists, Bill Ackman, has uncovered its own filing in a regulatory process to open a position in Berkshire. Pershing Square purchased approximately 3.5 million Berkshire Class B shares for approximately $ 685 million.

Both Berkshire share classes are tonight more or less unchanged, as are Amazon and the two named banks.

Cisco Q4: Slight Beats, Weak Leadership

<p class = "Canvas Atomic Canvas Text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = " text "content =" We The same does not apply to the stock of Cisco (NASDAQ: CSCO) which has fallen by nearly 8% in 2019 results after hours, and they do not make investors happy. " -reactid = "34"> The same does not apply to the stock of Cisco (NASDAQ: CSCO) which has fallen by nearly 8%. It's not hard to figure out why – the network equipment supplier has posted the results of the fourth quarter of fiscal year 2019 after hours, and they do not make investors happy – net income (adjusted) of $ 3.6 billion ($ 0.83 per share) , These figures were higher than those of the fourth quarter of 2018, which was $ 12.8 billion, or $ 3.3 billion ($ 0.70). This despite the impact of the China-US. Trade war, which has had a significant impact on the company – sales in China declined by a steep 25% year-on-year.

Cisco's fourth-quarter 2019 headline numbers barely exceeded average analyst estimates. Overall, the analysts who follow the stock, with adjusted net earnings per share of $ 0.82, were in the upper $ 13.38 billion range.

However, the slight fluctuations are unlikely to be the cause of today's share price decline. This is likely due to Cisco's forecast for the first quarter of fiscal 2020. The company estimates that revenues will continue to grow at a constant 2% yoy, while adjusted earnings per share are expected to be in the range of $ 0.80 to $ 0.82. Both ranges are slightly below average analyst estimates of 2.5% revenue growth and $ 0.83 for earnings per share.

It seems that Cisco is penalized for not exceeding the estimates of its current quarter, or perhaps both. This does not feel justified as the company is just beginning to grow, despite its size and the major challenges facing the important Chinese market. And uncommon for a tech stock, Cisco regularly pays a reasonable dividend.

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) –sm" type = "text" content = " John Mackey, CEO of Whole Foods Market, a subsidiary of Amazon, is a member of the board of directors of The Motley Fool Eric Volkman has no position in any of the aforementioned stocks Motley Fool owns and recommends shares in Amazon and Berkshire Hathaway (B-shares) The Motley Fool has the following options: Short January 2021 200 USD bets on Berkshire Hathaway (B-shares) and Long January 2021 200 USD on Berkshire Hathaway (B-shares).) The Motley Fool has a disclosure policy. data-reactid = "44"> John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of the board of directors of The Motley Fool. Eric Volkman has no position in any of these stocks. The Motley Fool owns shares in Amazon and Berkshire Hathaway (B-shares) and recommends them. The Motley Fool has the following options: Short January 2021 200 US dollars bets on Berkshire Hathaway (B shares) and Long January 2021 200 US dollars bets on Berkshire Hathaway (B shares). The Motley Fool has a disclosure policy.

This article was originally published on Fool.com.


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