Stock Market’s Last Gasps?

What’s Warren Buffett Buying and Selling?

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  • Today, we will explore what’s Buffett’s Berkshire Hathaway buying and selling. 

Warren Buffett’s Cash Levels

  • Berkshire Hathaway sold an unprecedented amount of stock in 2024.

  • Only in 2024 did Berkshire sell stocks for $134B.

  • Over the last few years, its cash holding increased to $312B.

  • It sold from late 2023 to mid-2024 about 2/3 of its Apple holdings.

  • IN Q4’24 it liquidated its stock market holdings (SPY and VOO) and trimmed positions in banks, including  BAC, S, and COF.

  • Berkshire Hathaway exits S&P ETFs, lightens holdings in three banks, among Q4 trades

Value Corner - Warren Buffet’s Long Pick

  • But Berkshire is redeploying some of that cash into “value” stocks.

  • I mentioned recently that it was buying Occidental Petroleum Corporation (OXY).

  • I recently discovered that Berkshire was also buying Sirius XM (SIRI), which declined over 70% in 18 months – Do your fundamental analysis of SIRI.

  • The chart below shows that the decline was a corrective (A)-(B)-(C) and is likely over. There are several technical positives for SIRI.

  • Double positive divergences, orange and blue, in technical indicators such as RSI and MACD;

  • SIRI broke impulsively over downtrend lines resistances defining wedges, gray, and blue.

  • Apparently, it completed the ending diagonal for wave (C);

  • It broke above the 10-week exponential moving average.

  • However, SIRI may pause and consolidate at the declining 50-day moving average and technical resistance at 28 to 30.

  • Consider following me on X (former Twitter) in addition to the newsletter, as I often post valuable information there in real time between the newsletters.

    • SPX’s unfavorable seasonality starts this week and will last until late March.

    • We will explore whether cycles rhyme with the seasonality in the premium content.

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