Warren Buffett Sells $1.48B in BoA: Why Now?
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 25 July 2024
⏱️ 47 minutes
🧾️ Download transcript
Summary
Warren Buffett recently sold approximately $1.48 billion worth of Bank of America shares, marking his first sale since 2019. Buffett's decision may reflect cash management for succession planning, concerns over rising corporate taxes, and potential dissatisfaction with Bank of America's recent performance amidst significant unrealized losses. What does this mean for investors?
Today's Stocks & Topics: HSY - Hershey Co., Market Wrap, CAVA - CAVA Group Inc., I-R-A Money, Warren Buffett Sells $1.48B in BoA: Why Now?, FLTR - VanEck IG Floating Rate ETF, AOS - A.O. Smith Corp., U.S. Economy, S&P 500, TWLO - Twilio Inc. Cl A, Trading and Election News, UPS - United Parcel Service Inc. Cl B, COPX - Global X Copper Miners ETF, GDX - VanEck Gold Miners ETF, UFPI - UFP Industries Inc.
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Transcript
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| 0:00.0 | On radio, on YouTube, streaming live on Invest Talk. |
| 0:05.0 | And for our podcast subscribers, this is Invest Talk, above average investing for the average investor. |
| 0:16.0 | Invest Talk is made possible by KPP Financial, a registered investment advisor firm, serving clients throughout the United States. |
| 0:27.0 | Here is KPP Financial portfolio manager Luke Guerrero. Good afternoon fellow investors and welcome back to Invest Talk. |
| 0:37.0 | My name is Luke Guerrero and it is Thursday, July 25, 2024. |
| 0:41.0 | And as always, the objective of this show is to help you become a better investor. |
| 0:46.3 | Now I brought a lot to the table today some pretty interesting stories I would say and |
| 0:50.0 | certainly we'll talk about the market as well, but most importantly, I want to hear from you. |
| 0:54.7 | We've already heard from some of you. We have voicemail's ready to play. We already have heard from some of you |
| 0:58.8 | from our YouTube channel, but hopefully over this next hour, I get to hear from you live at 88899 chart |
| 1:04.9 | real easy number to remember really easy number to dial now that being said we'll |
| 1:10.4 | talk about the market performance and run down those show topics in a little bit, |
| 1:14.6 | but first let's tackle our first caller question now. |
| 1:18.1 | Hello, my name's David from San Jose, colony guardian Hershey company, |
| 1:22.4 | HSI, H.S.Y. |
| 1:23.7 | Had the stock for a while now, it looks like it's a little stagnant. |
| 1:28.3 | Wonder if I should hold on to it or just get rid of it. |
| 1:32.1 | Looking forward to your answer. |
| 1:34.0 | Thank you. |
| 1:35.0 | So the question is about Hershey company that is Taker H.S. |
| 1:40.0 | Why. |
| 1:41.0 | It is a almost $40 billion market cap company. It's got about 5 billion in debt. So in terms of debt, it's not too bad. |
... |
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