Industries Concentrate and Investors Profit

By Justin J. Carbonneau (@jjcarbonneau) —  At Berkshire’s Hathaway’s annual meeting, Warren Buffett announced he had purchased approximately 75 million additional shares of Apple. Apple is already Berkshire’s largest holding, and the purchase will make Buffett an owner of roughly 5% of the company. With a current market cap of $940 billion, this makes Berkshire’s stake in Apple worth close to $45 billion. His massive stake in the company shows he strongly believes in the… Read More

Nasdaq 6000 Surge Attributable to Five Stocks

Of the Nasdaq’s run-up above 6000, 40% is attributable to only five stocks: Apple Inc., Facebook, Amazon.com Inc. and Alphabet (parent of Microsoft and Google)— which comprise only 10.3% of the index’s market capitalization (according to S&P Dow Jones Indices). This according to a recent article in The Wall Street Journal. “A rally driven by just a few stocks,” the article says, “is typically interpreted as a sign that investors lack conviction and the rally… Read More