Warren Buffett was on CNBC today ( June 24, 2009 ) and gave comments on how things are going in the economy.
Warren Buffett Interview on CNBC - 6/24/09
Economic Progress: It's been pretty flat since we last talked in May, in terms of the Economy coming back, it takes awhile. Job's are the most important problem we need to solve right now.
Green Shoots - We're not seeing " green shoots ", industrial demand is still down, these green shoots haven't happened yet lol. ( Warren also said he just had eye surgery and he still can't see them )
President Obama: The Obama administration is doing things, and it will take awhile for them to take effect
Ben Bernanke: I don't think you can do better then him, he should be re elected
Inflation/Deflation? I don't worry about deflation at all, we won't see it - We have taken action on fighting this economic war which raises the probability of very high inflation.
Wells Fargo WFC: I'm sure Wells Fargo wants to get out of TARP ASAP. Earnings power is huge no matter what. I just wish they wouldn't have taken the warrants that came with the tarp.
Apple ( AAPL ) - Steve Jobs: I think if I have any serious operation or medical condition coming up I would tell America. I would make full disclosure if I become ill.
Stock Market Prediction: I think its attractive over the next 10 years, equities will do better then fixed dollar investments.
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Showing posts with label warren buffett. Show all posts
Showing posts with label warren buffett. Show all posts
Wednesday, June 24, 2009
Friday, October 17, 2008
Pre Market Trading - Stock Market 10/17/08
The stock market is set to open up pre market a lot lower today on Friday, 10/17/08. Investors are nervous about some key economic data due out including Housing Starts and Consumer Confidence.
Stocks to Watch 10-17-08:
Google ( GOOG ) - Google reported earnings of $4.92 Thursday, beating wall street estimates. The stock is set to open Fridays pre market at $388 after closing at $353 on Thursday. Pete Najarian on CNBC Fast Money last night said everyone is piling into Google GOOG right now, chasing after it. Najarian said that we will have another chance to buy Google, don't chase it! Early 2009 they will probably doubt Google once again, and if they miss earnings....it will get slammed. Add this to the fact that business in the beg of 2009 will be horrible combined with the technology slowdown....you will most likely get another chance to buy Google again.
Potash ( POT ) - Potash led all stocks yesterday at the end of the day with positive money flow. This is a positive sign going forward as Pot has just gotten beat up left and right. Potash reports earnings on 10/22 I believe, so keep this stock on your watch lists.
Warren Buffett - Warren Buffett is buying stocks for his personal account for the first time ever. He says that over the long term, this is one of the greatest opportunities you will get. " Be fearful when others are greedy, Be greedy when others are fearful" is Warren Buffets Motto.
Dow Jones trading range: Keep an eye on the current trading range of the Dow Jones Industrial Average. $9800 to $7800. You should be buying when we get closer to the bottom of the range....and selling stocks when you get closer to the high range. S&P 500 trading range - $1006 to $836
- Gilead Sciences Inc.'s (GILD) third-quarter net income rose 27% amid strong sales of HIV drugs. Results topped analysts' estimates, pushing shares up 3.9% in late trading
- Capital One Financial Corp. (COF) swung to a third-quarter profit as the bank and credit-card issuer saw higher deposits and increased profits in it local banking segment. Shares rose 3.7% in late trading.
- Evergreen Solar Inc. (ESLR) fell 9% pre market after reporting its net loss widened due to start-up costs at a new plant for the solar-panel maker.
Stocks to Watch 10-17-08:
Google ( GOOG ) - Google reported earnings of $4.92 Thursday, beating wall street estimates. The stock is set to open Fridays pre market at $388 after closing at $353 on Thursday. Pete Najarian on CNBC Fast Money last night said everyone is piling into Google GOOG right now, chasing after it. Najarian said that we will have another chance to buy Google, don't chase it! Early 2009 they will probably doubt Google once again, and if they miss earnings....it will get slammed. Add this to the fact that business in the beg of 2009 will be horrible combined with the technology slowdown....you will most likely get another chance to buy Google again.
Potash ( POT ) - Potash led all stocks yesterday at the end of the day with positive money flow. This is a positive sign going forward as Pot has just gotten beat up left and right. Potash reports earnings on 10/22 I believe, so keep this stock on your watch lists.
Warren Buffett - Warren Buffett is buying stocks for his personal account for the first time ever. He says that over the long term, this is one of the greatest opportunities you will get. " Be fearful when others are greedy, Be greedy when others are fearful" is Warren Buffets Motto.
Dow Jones trading range: Keep an eye on the current trading range of the Dow Jones Industrial Average. $9800 to $7800. You should be buying when we get closer to the bottom of the range....and selling stocks when you get closer to the high range. S&P 500 trading range - $1006 to $836
- Gilead Sciences Inc.'s (GILD) third-quarter net income rose 27% amid strong sales of HIV drugs. Results topped analysts' estimates, pushing shares up 3.9% in late trading
- Capital One Financial Corp. (COF) swung to a third-quarter profit as the bank and credit-card issuer saw higher deposits and increased profits in it local banking segment. Shares rose 3.7% in late trading.
- Evergreen Solar Inc. (ESLR) fell 9% pre market after reporting its net loss widened due to start-up costs at a new plant for the solar-panel maker.
Tuesday, September 23, 2008
Goldman Sachs ( GS ) catches Buffett & Berkshire
You know, I was watching the stock market close today like I do every day, and I noticed two things. At about 3:53pmEST the market was tanking and Goldman Sachs ( GS ) was starting to take off. GS went from $119 to $125 on heavy volume but I could not find any news.
Well look what has the stock market futures taking off tonight!
The Goldman Sachs Group, Inc. (NYSE: GS) announced today that it has reached an agreement to sell $5 billion of perpetual preferred stock to Berkshire Hathaway, Inc. in a private offering. The preferred stock has a dividend of 10 percent and is callable at any time at a 10 percent premium. In conjunction with this offering, Berkshire Hathaway will also receive warrants to purchase $5 billion of common stock with a strike price of $115 per share, which are exercisable at any time for a five year term.
In addition, Goldman Sachs is raising at least $2.5 billion in common equity in a public offering.
“We are pleased that given our longstanding relationship, Warren Buffett, arguably the world’s most admired and successful investor, has decided to make such a significant investment in Goldman Sachs. We view it as a strong validation of our client franchise and future prospects,” said Lloyd C. Blankfein, Chairman and CEO of The Goldman Sachs Group, Inc. “This investment will further bolster our strong capitalization and liquidity position.”
“Goldman Sachs is an exceptional institution,” said Warren Buffett, Chairman and CEO of Berkshire Hathaway, Inc. “It has an unrivaled global franchise, a proven and deep management team and the intellectual and financial capital to continue its track record of outperformance.”
Well look what has the stock market futures taking off tonight!
The Goldman Sachs Group, Inc. (NYSE: GS) announced today that it has reached an agreement to sell $5 billion of perpetual preferred stock to Berkshire Hathaway, Inc. in a private offering. The preferred stock has a dividend of 10 percent and is callable at any time at a 10 percent premium. In conjunction with this offering, Berkshire Hathaway will also receive warrants to purchase $5 billion of common stock with a strike price of $115 per share, which are exercisable at any time for a five year term.
In addition, Goldman Sachs is raising at least $2.5 billion in common equity in a public offering.
“We are pleased that given our longstanding relationship, Warren Buffett, arguably the world’s most admired and successful investor, has decided to make such a significant investment in Goldman Sachs. We view it as a strong validation of our client franchise and future prospects,” said Lloyd C. Blankfein, Chairman and CEO of The Goldman Sachs Group, Inc. “This investment will further bolster our strong capitalization and liquidity position.”
“Goldman Sachs is an exceptional institution,” said Warren Buffett, Chairman and CEO of Berkshire Hathaway, Inc. “It has an unrivaled global franchise, a proven and deep management team and the intellectual and financial capital to continue its track record of outperformance.”
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