NEW YORK (CNNMoney) -- Warren Buffett is buying stocks at near all-time highs and is once again sending a clear message that he's not looking just for undervalued stocks. He's also looking out for great businesses with strong competitive positions in their field and pricing power.
The Oracle of Omaha revealed that he owns $10.7B of IBM (IBM, Fortune 500), which amounts to a stake of more than 5% of the tech juggernaut. Shares of the company are up 27% for the year and more than 1000% (excluding dividends) since its IPO in 1978.
Another Dow Jones component trading higher today is Boeing (BA, Fortune 500). The airplane manufacturer announced an $18 billion deal with Dubai-based Emirates Airline.
Shares of Amazon (AMZN, Fortune 500) are also advancing. The online retailer received flattering reviews for the Kindle Fire, its new tablet with a $199 price tag and deep integration with Amazon's content ecosystem.
Here are some of the more interesting themes on StockTwits Monday:
firstadopter As much as it's weird to see Buffett buy $IBM you can bet he asked his buddy Bill Gates before he bought $10B+ of it
jasonzweigwsj long before #buffett, $IBM was a benjamin graham stock http://t.co/jZk7iUcY
OptionRadar $BA - Boeing up 3% on massive order - watch its suppliers as well $ATI $TIE $PCP $SPR
valuewalk Boeing signs $26 Billion with for as many as 70 777s w/ UAE http://t.co/DRXxqmh3 $BA
MercenaryMike $AMZN expected to lose $11 annually for each "Prime" subscriber - is the cost worth the loyalty?
techinsidr Kindle Fire reviews praise low price and Amazon's content, shipping today http://t.co/0bruUPYF $AMZN
Index | Last | Change | % Change |
---|---|---|---|
Dow | 32,627.97 | -234.33 | -0.71% |
Nasdaq | 13,215.24 | 99.07 | 0.76% |
S&P 500 | 3,913.10 | -2.36 | -0.06% |
Treasuries | 1.73 | 0.00 | 0.12% |
Company | Price | Change | % Change |
---|---|---|---|
Ford Motor Co | 8.29 | 0.05 | 0.61% |
Advanced Micro Devic... | 54.59 | 0.70 | 1.30% |
Cisco Systems Inc | 47.49 | -2.44 | -4.89% |
General Electric Co | 13.00 | -0.16 | -1.22% |
Kraft Heinz Co | 27.84 | -2.20 | -7.32% |
Overnight Avg Rate | Latest | Change | Last Week |
---|---|---|---|
30 yr fixed | 3.80% | 3.88% | |
15 yr fixed | 3.20% | 3.23% | |
5/1 ARM | 3.84% | 3.88% | |
30 yr refi | 3.82% | 3.93% | |
15 yr refi | 3.20% | 3.23% |
Today's featured rates: