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Sirius XM Holdings (NASDAQ:SIRI) Might Be Having Difficulty Using Its Capital Effectively
Warren Buffett Loves Sirius XM, but Investors Are Overlooking a Major Risk in the High-Yield Dividend Stock
Sirius XM (SIRI) Soars 12.2%: Is Further Upside Left in the Stock?
Futu Morning Report | Is a sell-off signal emerging? Buffett takes the opportunity to "sweep up" Occidental Petroleum and two other companies; Tesla's latest announcement: the automated driving taxi Robotaxi is accelerating its advancement.
The "Three Witches" day caused huge fluctuations in the US stock market, as shorts covered their positions leading to a sharp rise during the day, but market volatility may continue into next week; several Federal Reserve officials supported a cautious approach to interest rate cuts next year, relying on data, while Powell's "dovish allies" rarely spoke in a hawkish tone.
Insider Trades: Berkshire Adds OXY, Nvidia & Salesforce Among Notable Names This Week
By increasing shareholding in Occidental Petroleum, Buffett has contradicted one of his principles.
According to estimates from Barron's, reducing the shareholding in Apple caused Buffett to miss out on over $35 billion in earnings. Meanwhile, Occidental Petroleum and Sirius XM have both seen significant declines this year, with stock prices consistently below Berkshire's average buying cost. Buffett seems to be "pulling flowers and watering weeds."