Warren Buffett gave his annual shout-out to America on Saturday, extolling capitalism, immigration, the legal system and smart investing as he detailed the $17.6 billion his company earned last year.
“From a standing start 240 years ago — a span of time less than triple my days on earth — Americans have combined human ingenuity, a market system, a tide of talented and ambitious immigrants, and the rule of law to deliver abundance beyond any dreams of our forefathers,” Buffett wrote in his yearly letter to Berkshire Hathaway (BRKA) shareholders.
The 86-year-old billionaire, who is typically sunny about U.S. economic prospects, remained bullish about the future.
“Yes, the build-up of wealth will be interrupted for short periods from time to time. It will not, however, be stopped,” he wrote.
The 28-page letter made no mention of potential acquisitions. Last week, Berkshire-owned food giant Kraft Heinz (KHC) walked away from a bid to buy Unilever (UL), the European consumer products conglomerate.
Top Warren Buffett Stocks To Watch Right Now: Valmont Industries, Inc.(VMI)
Advisors’ Opinion:
- [By WWW.THESTREET.COM]
In the Lightning Round, Cramer was bullish on Masco (MAS) , American Electric Power (AEP) and Valmont Industries (VMI) .
Cramer was bearish on Wisconsin Energy (WEC) .
Top Warren Buffett Stocks To Watch Right Now: Gibraltar Industries, Inc.(ROCK)
Advisors’ Opinion:
- [By Lisa Levin]
In trading on Tuesday, basic materials shares fell 0.44 percent. Meanwhile, top losers in the sector included Haynes International, Inc. (NASDAQ: HAYN), down 5 percent, and Gibraltar Industries Inc (NASDAQ: ROCK), down 4 percent.
- [By Lisa Levin]
In trading on Friday, basic materials shares fell by 0.82 percent. Meanwhile, top losers in the sector included Gibraltar Industries Inc (NASDAQ: ROCK), down 9 percent, and Yamana Gold Inc. (USA) (NYSE: AUY), down 9 percent.
Top Warren Buffett Stocks To Watch Right Now: Zions Bancorporation(ZION)
Advisors’ Opinion:
- [By Jon C. Ogg]
In the super-regional banks that are not money center banks, Regions Financial Corp. (NYSE: RF) was up 6.3% at $13.22, and Zions Bancorporation (NASDAQ: ZION) was last seen up 3.8% at $38.30. They would both do better with lower regulatory costs and be able to better compete against larger banks when their stress test results had not been as strong.
Top Warren Buffett Stocks To Watch Right Now: Colliers International Group Inc. (CIGI)
Advisors’ Opinion:
- [By Lee Jackson]
A10% owner of Colliers International Group Inc. (NASDAQ: CIGI) wasadding to holdings last week. Spruce House Partners bought a total of 133,800 shares of the company at $42.05 per share. The total for the buy was listed at $6 million.
Top Warren Buffett Stocks To Watch Right Now: NEW GOLD INC.(NGD)
Advisors’ Opinion:
- [By Dan Caplinger]
The stock market lost ground on Monday, sending major market benchmarks lower by more than half a percentage point. The Dow lost its grip on the 20,000 mark in the wake of concerns about economic growth and new U.S. immigration policy, and some believe that the broader geopolitical climate could have a negative impact on global commerce that in turn could start affecting multinational corporations’ business prospects. In addition, bad news from some individual companies weighed on the markets, and Transocean (NYSE:RIG), Rite Aid (NYSE:RAD), and New Gold (NYSEMKT:NGD) were among the worst performers on the day. Below, we’ll look more closely at these stocks to tell you why they did so poorly.
