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Re: Prudent Capitalist post# 1516

Wednesday, 02/17/2021 9:27:29 AM

Wednesday, February 17, 2021 9:27:29 AM

Post# of 2186
"Buffett's favorite indicator is at a dangerous level, but he just bought these stocks anyway"

"Yahoo Finance

"Warren Buffett's favorite stock market indicator is at a dangerously elevated level, but that isn't stopping the Oracle from Omaha from scooping up several high-profile stocks anew.

The seventh wealthiest person in the world started new positions in Verizon, Chevron, Marsh & McLennan and EW Scripps in the fourth quarter of 2020, according to a new 13-F filing with the SEC on Tuesday evening.

Of the fresh positions added to Berkshire's portfolio, Verizon is one of the larger bets as the telecom and digital media giant rolls out high-speed 5G technology. Buffett scooped up 147 million Verizon shares for $8.62 billion. (Verizon is the parent company of Yahoo Finance.) Buffett also boosted his stakes in pharma leaders AbbVie, Bristol Myers Squibb and Merck, Yahoo Finance's Julia LaRoche reported. He trimmed stakes in Wells Fargo and Apple, and exited positions in JPMorgan and PNC Financial.

To be sure, it's interesting to see Buffett so bullish on stocks right now even if he has a forever investment time horizon."

https://finance.yahoo.com/news/warren-buffetts-favorite-indicator-is-at-a-dangerous-level-but-he-just-bought-these-stocks-anyway-115440143.html

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