With pandemic tailwinds fading, investors were expecting a slowdown from Amazon's (NASDAQ: AMZN) first-quarter report, but the falloff still seemed to surprise the market. The stock plummeted after Amazon announced on Thursday that it missed bottom-line estimates and offered weak guidance for the second quarter. Amazon's revenue increased just 7% in the first quarter with much of that growth powered by its cloud computing division, Amazon Web Services (AWS). Read More...
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Warren Buffett Has Bet the Farm On These 3 Stocks
Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) CEO Warren Buffett is arguably the greatest investor of our generation. Since taking the reins as CEO in 1965, the Oracle of Omaha, as he’s now known, has created over $740 billion in value for shareholders (himself included), and delivered an aggregate return for the company’s Class A shares (BRK.A) of 4,100,820%, as of April 25, 2022. For instance, Buffett has an affinity for cyclical companies and dividend stocks, and has been willing to buy and hold high-quality businesses for decades to allow his investment thesis to shine.
