Bid 140 a share or over 5 billion scluting debt. The apollos offer was accepted. The later offer accepted by tech data as the better offer and buffett says he does not intend to make a higher offer a little bit about tech data, it is a global distributor of Technology Products and services it supplies Small Companies with Technology Software and hardware made by larger companies, larger technology companies, a middle man. This is evidence of what has been happening with Berkshire Hathaway as the cash ward has grown. Topped over 128 billion according to most recent s. E. C. Filings from the company this move is interesting pivot for buffett, he rarely goes up against private Equity Companies and doesnt like to get into bidding wars it shows how hes going further afield to try andlook to deplo his large stash of cash that he has on hand. Hes known as being a cheap guy. Somebody who looks at prices he doesnt like auctions. Doesnt like auctions, doesnt like to get into the fray what is int
For. The major averages boostedro monthly gains. It was their best in five months and it came despite todays pullback. The dow fell about 112 points. Were at 28,051 now. The nasdaq was down 39. The s p blipped12. For the money the indexes saw gains of. 3 or mo dominic chu starts us off with a look at nos big gains. The rngords kept roln for the month of no november, a month that saw historically high levels for the sch 500nd nasdaq add traders zed to accentuate the positive with market headlines. On balance, theres bin contract mentally positive news on the trade war betweenhe u. S. And china, but no firm phase one agreement or deal has been signed yet. Put that together with enomic data around the world that may be showing signs of a turnaround, and you get a general bullish tone benefiting companies and industries that are more geared towards improving economic prospects, or socalled cyclical stocks. Within of the s p 500, the best performing sectors were technology and financial. Me
S p and nasdaq in the green, as well but its getting on the street Morgan Stanley with a note that says sticker shock things look expensive. You have some on the other side, too, but where are we today in the market if youre working with a money manager who cant recognize the difference between an obvious bull market and a bear market, probably you should fire that person today but second, why are we not focused, instead of forecasts and headlines, why are we not primarily focused on price take a look at the behavior of stocks themselves, and then take a look at internals and things like breadth and, yeah, of course, theres the danger of things getting too good but in the meantime, must oney being made, and look at the way the transports will not give back an inch look at the way boeing is trading right now. Deere gets hammered and comes roaring back Even Stronger than before and now youve got this bounce in the tech stocks that we were told were all overheated they went down between 5
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