Want to Buy Berkshire Hathaway (BRK.B) Stock? Here’s What You Need to Know
Del Principe O’Brien Financial Advisors recently released its third-quarter investor letter – a copy of which is available for download here. The fund posted a return of 8.6% for the quarter, underperforming its benchmark, the S&P 500 Index which returned 8.9% in the same quarter. You should check out Del Principe O’Brien Financial Advisors top 5 stock picks for investors to buy right now, which could be the biggest winners of 2021.
In the Q3 2020 Investor Letter, Del Principe O’Brien Financial Advisors highlighted a few stocks and Berkshire Hathaway Inc (NYSE:BRK.B) is one of them. Berkshire Hathaway Inc (NYSE:BRK.B) is a multinational conglomerate holding company. Year-to-date, Berkshire Hathaway Inc (NYSE:BRK.B) stock lost 0.8% and on December 17th it had a closing price of $224.68. Here is what Del Principe O’Brien Financial Advisors said:
Citadel Trading Chief: Tesla Threatens S&P 500 Stocks 1490wosh.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from 1490wosh.com Daily Mail and Mail on Sunday newspapers.
Citadel trading chief says Tesla poses risk to other S&P 500 stocks
As funds that track the benchmark add the carmaker’s shares, they will dump an equal amount of stock in existing members, producing intense selling pressure
December 18, 2020 4 MINS
Tesla Inc.’s historic entry into the S&P 500 could be bad news for shareholders of some other stocks in the index at least temporarily.
Funds that mimic the benchmark are set to buy more than $70 billion of the carmaker’s shares and dump an equal amount of stock in existing members, producing intense selling pressure that could lead to dislocations, warned Greg Sutton, head of portfolio trading at Citadel Securities, one of the most active traders of U.S. stocks.
Citadel Securities Trading Chief Sees Tesla Creating Risk in S&P
Bloomberg 12/18/2020 Lu Wang
(Bloomberg) Tesla Inc.’s historic entry into the S&P 500 could be bad news for shareholders of some other stocks in the index at least temporarily.
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Funds that mimic the benchmark are set to buy more than $70 billion of the carmaker’s shares and dump an equal amount of stock in existing members, producing intense selling pressure that could lead to dislocations, warned Greg Sutton, head of portfolio trading at Citadel Securities, one of the most active traders of U.S. stocks.
Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date.
What Happened?
On this day 54 years ago, Warren Buffett took control of Berkshire Hathaway, Inc. (NYSE: BRK-A)(NYSE: BRK-B).
Where The Market Was
The Dow finished the day at 931.47. The S&P. Read More.