At the age of 94, Warren Buffett is now worth more than $143 billion.
So, when he buys what he considers to be a bargain, you may want to jump in too. Here’s where the billionaire has been investing most recently.
Occidental Petroleum (OXY)
As expected with the latest pullback in oil names, like Occidental Petroleum, Buffett just bought another 8.9 million shares for about $409 million. He now owns 28.2% and still has no plan to buy the company or take a majority stake.
At this rate, it would be easy to assume that Buffett wants to buy the whole company. However, according to Buffett, that’s not the case.
“Though we very much like our ownership, as well as the option, Berkshire has no interest in purchasing or managing Occidental. We particularly like its vast oil and gas holdings in the United States, as well as its leadership in carbon-capture initiatives, though the economic feasibility of this technique has yet to be proven. Both of these activities are very much in our country's interest,” he wrote in a 2023 shareholder letter.
London, New York, and Tokyo are the main financial centers of the world – in that order. But lesser hubs can be found in every corner on earth. Consequently, during the week, there is currency trading going on somewhere at all times, day or night… even on holidays.
Thanksgiving and the Fourth of July are unique to the United States. And Christmas is unique to Christians. So, from a global perspective, trading will be lighter on those days, but for the most part, it’s still business as usual.
There’s not much on the Economic Calendar this upcoming week with the exception of the change occurring on Wednesday of Taxable Events. Anything Tuesday or sooner 2024. Anything Wednesday after is 2025.
While you might be saying, “Yeah Duh!” There’s a big ramification in the Stock Market. The Markets are near All-Time Highs. There have to be some Investors out there who want to take a profit. But they’d rather wait a few days to enable them an extra 12 months when it comes to possibly paying any taxes.
Did you realize the Lowest Value for the S&P 500 in 2024 came during the first week of the year? Did you realize the Lowest Value for the S&P 500 in 2023 came during the first week of the year?
PLEASE READ: Auto-trading, or any broker or advisor-directed type of trading, is not supported or endorsed by TradeWins. For additional information on auto-trading, you may visit the SEC’s website: All About Auto-Trading, TradeWins does not recommend or refer subscribers to broker-dealers. You should perform your own due diligence with respect to satisfactory broker-dealers and whether to open a brokerage account. You should always consult with your own professional advisers regarding equities and options on equities trading.
1) The information provided by the newsletters, trading, training and educational products related to various markets (collectively referred to as the “Services”) is not customized or personalized to any particular risk profile or tolerance. Nor is the information published by TradeWins Publishing (“TradeWins”) a customized or personalized recommendation to buy, sell, hold, or invest in particular financial products. The Services are intended to supplement your own research and analysis.
2) TradeWins’ Services are not a solicitation or offer to buy or sell any financial products, and the Services are not intended to provide money management advice or services.
3) Past performance is not necessarily indicative of future results. Trading and investing involve substantial risk. Trading on margin carries a high level of risk, and may not be suitable for all investors. Other than the refund policy detailed elsewhere, TradeWins does not make any guarantee or other promise as to any results that may be obtained from using the Services. No person subscribing for the Services (“Subscriber”) should make any investment decision without first consulting his or her own personal financial adviser, broker or consultant. TradeWins disclaims any and all liability in the event anything contained in the Services proves to be inaccurate, incomplete or unreliable, or results in any investment or other loss by a Subscriber.
4) You should trade or invest only “risk capital” – money you can afford to lose. Trading stocks and stock options involves high risk and you can lose the entire principal amount invested or more.
5) All investments carry risk and all trading decisions made by a person remain the responsibility of that person. There is no guarantee that systems, indicators, or trading signals will result in profits or that they will not produce losses. Subscribers should fully understand all risks associated with any kind of trading or investing before engaging in such activities.
6) Some profit examples are based on hypothetical or simulated trading. This means the trades are not actual trades and instead are hypothetical trades based on real market prices at the time the recommendation is disseminated. No actual money is invested, nor are any trades executed. Hypothetical or simulated performance is not necessarily indicative of future results. Hypothetical performance results have many inherent limitations, some of which are described below. Also, the hypothetical results do not include the costs of subscriptions, commissions, or other fees. Because the trades underlying these examples have not actually been executed, the results may understate or overstate the impact of certain market factors, such as lack of liquidity. Simulated trading services in general are also designed with the benefit of hindsight, which may not be relevant to actual trading. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. TradeWins makes no representations or warranties that any account will or is likely to achieve profits similar to those shown.
7) No representation is being made that you will achieve profits or the same results as any person providing testimonial. No representation is being made that any person providing a testimonial is likely to continue to experience profitable trading after the date on which the testimonial was provided, and in fact the person providing the testimonial may have experienced losses.
8) The author experiences are not typical. The author is an experienced investor and your results will vary depending on risk tolerance, amount of risk capital utilized, size of trading position and other factors. Certain Subscribers may modify the author methods, or modify or ignore the rules or risk parameters, and any such actions are taken entirely at the Subscriber’s own election and for the Subscriber’s own risk.