Apple closes at a record after Buffett purchase revelation
Publishing timestamp: 2018-05-04 13:50:52
Summary
Apple stock reached a record high after news of Warren Buffett's Berkshire Hathaway buying 75 million shares in the first quarter. Buffett's bullish comments on Apple drove the stock higher, outperforming the rest of the tech sector and overall market. Apple CEO Tim Cook expressed excitement about having Buffett as a major investor. Buffett also discussed selling out of IBM, not buying General Electric, and an activist move at USG.
Sentiment: POSITIVE
Tickers: BRK.A, AMZN, NFLX, GOOGL, AAPL, META, A,
Keywords: alphabet inc, meta platforms inc, apple inc, tim cook, warren buffett, amazon.com inc, squawk on the street, business news, markets, netflix inc, stock markets, technology,
Source: https://www.cnbc.com/2018/05/04/apple-aapl-stock-warren-buffett-is-keeping-shares-above-water.html