GBA Presents: THE BARE ESSENTIALS

(AR)- LO0KS GREAT-! OIL DOWN $4/ STK FLAT
NYSE - Nasdaq
35.24+0.04(+0.11%)<-------------
As of 09:54AM EDT. Market open.

Buffett buys oil equities in Q1
May 02, 2022 9:04 AM ETOccidental Petroleum Corporation (OXY),CVX,BRK.B,BRK.AUSO



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  • Berkshire Hathaway (NYSE:BRK.B) (NYSE:BRK.A) spent $40b on equities last quarter, beginning share purchases in earnest just as the war in Ukraine broke out.
  • The value of shares in Chevron (NYSE:CVX) jumped from $4.5b to $25.9b duringthe quarter, while Buffett purchased ~$7.0b worth of Occidental (NYSE:OXY).
  • Of note, the Chairman indicated that he was able to buy 14% of Occidental (OXY) over only a two-week period.
  • Mr. Buffett offered few insights into oil markets (USO), rather indicating that he'd read a report on Occidental (OXY) over a weekend and felt the CEO was simply running the company well; <---- THAT'S WHY WE LOVE WARREN

 
vanzandt said:
Stoney!!!!!

YUMC maybe? Yum China
It was certainly a buy yesterday.
I don't think it deserved to get sucked down with the rest of the Chinese stocks. KFC and Taco Bell do really well there. Pizza Hut is still a work in progress. Either way, that company is all American management, pretty sure. I doubt they cook the books. Brian Niccols, the CEO of Chipotles came from YUMC.
More...

I might get out for earnings though.
This market... risky.
$42.19 as I type.
 
vanzandt said:
I might get out for earnings though.
This market... risky.
$42.19 as I type.
More...


VAN CHINA IS CRAZY RIGHT NOW-- HOWLING AT THE MOON AND LOCKED IN THEIR APT'S...
THE GOV ANOUNCED THEY WERE GOING TO PROP UP STOCKS A BIT IN THE INTERNET SECTOR -

Yum China shares have fallen more than 20% from March 10.

On Friday of last week, the stock fell 15.5% due to delisting fears and as of Monday morning, Yum China has fallen another 4.5% due to weak sentiment and a Covid-19 business update.

Although the delisting fears aren't necessarily new for Chinese stocks, Yum China was mentioned along with four other Chinese companies for the first time by the SEC on Friday.

.... COULD BE TAKING ON MORE RISK THAN Is needed....
 
BABA?

China may end crackdown to help ailing economy: report
Apr. 29, 2022 8:34 AM ETAlibaba Group Holding Limited (BABA),JD,BIDUTCEHY,BDNCE,PDD,BILI,NTES,KC,DIDI,DJCO




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Vertigo3d/E+ via Getty Images



Alibaba (NYSE:BABA), JD.com (NASDAQ:JD) and Baidu (NASDAQ:BIDU) surged in premarket trading on Friday after a Chinese state-run news outlet reported that the Chinese government may end its regulatory crackdown oninternet companies in an effort to help the suffering economy.

The South China Morning Post, citing two sources briefed on the situation, reported that the government will have a symposium with the country's largest tech firms and tell them that they will stop the regulatory push. The symposium has reportedly been set for Labour Day holiday, which starts on April 30 and runs until May 4.

Should have an announcement this week!
 
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