- Joined
- Mar 4, 2014
- Messages
- 71,109
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- 124,990
Accounting shenanigans over at Tesler?
Elon just showing that he really is qualified to run the government...
Accounting shenanigans over at Tesler?
Nice bump for Boeing tho, should have picked some up at the 140 levelWASHINGTON (Reuters) -U.S. President Donald Trump will personally announce the Pentagon's decision on a next-generation fighter jet contract worth at least $20 billion as soon as Friday, despite concerns about budget constraints and shifting priorities, sources briefed on the plan said.
The Next Generation Air Dominance (NGAD) program will replace Lockheed Martin's F-22 Raptor with a crewed aircraft built to enter combat alongside drones. The plane's design remains a closely held secret, but would most likely include stealthiness, advanced sensors and cutting-edge engines.
Lockheed and Boeing are competing for the winner-take-all engineering and manufacturing development contract, worth more than $20 billion. The winner will eventually receive hundreds of billions of dollars in orders over the contract's multi-decade lifetime.
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Trump just awarded it to Boeing. I strongly dislike this man. LMT down 6%.
Speaking of Japanese companies, Sony has been doing pretty good. Got in at $18.Woohoo. Up to $97. Buffett just added to all 5 of the trading houses.
…..
Warren Buffett’s love for Japanese stocks grows fonder even as he increasingly sells U.S. equities.
The 94-year-old investor’s Berkshire Hathaway holding company raised its holdings in five Japanese trading houses — Itochu, Marubeni, Mitsubishi, Mitsui and Sumitomo — by more than 1 percentage point each, to stakes ranging from 8.5% to 9.8%, according to a regulatory filing.
The “Oracle of Omaha” said in his 2024 annual letter that Berkshire is committed to its Japanese investments for the long term and has reached an agreement with the companies to go beyond an initial 10% ceiling.
All five are the biggest “sogo shosha,” or trading houses, in Japan that invest across diverse sectors domestically and abroad — “in a manner somewhat similar to Berkshire itself,” Buffett said. Berkshire first bought into the companies in the summer of 2019.
Part of the investment strategy involves Buffett hedging currency risk by selling Japanese debt and then pocketing the difference between dividends from the investments and the bond coupon payments he has to make to service the debt.
At the end of 2024, the market value of Berkshire’s Japanese holdings came to $23.5 billion, at an aggregate cost of $13.8 billion. The investor praised the companies’ managements, relationships with their investors and their capital deployment strategies.
Buffett first unveiled the Japanese positionsd on his 90th birthday in August 2020 after making regular purchases on the Tokyo Stock Exchange, saying he was “confounded” by the opportunity and was attracted to the trading houses’ dividend growth.
In 2023, Buffett even paid a visit to Japan with his designated successor Greg Abel and met with the heads of the Japanese firms. He said he’d like Berkshire to own the companies forever.
The student of famed investor Benjamin Graham has been aggressively selling U.S. stocks and growing his record cash pile to $334 billion. Berkshire sold more than $134 billion worth of stocks in 2024, largely by shrinking the size of Berkshire’s two largest equity holdings — Apple and Bank of America.
I’ve been panic buying the last two weeksStarting to have some doubts I'll hit my 100% return target for the year. I was up 49% after 6 months but went into the negative last week although very slowly starting to recover and back to around a positive 4% now.
Talk about people massively overreacting, bunch of morons, those who panic sold deserve to lose money. I'm confident it will bounce back eventually but unfortunately I will be forced to sell a good chunk of my stocks next month as I'll need the money for some other investment which is bad timing as the stocks will still likely be undervalued then.
And here comes the Costco free fall, right on time
You people should just start paying me to invest in whatever stocks you wanna invest in so I can do it first and get you a better price a few days later
Oof. I was hoping that tariff shit show was already baked into the drops over the past week as people braced, but it was still a bloodbath at the opening bell
Not this onetrust the plan?
trust the plan?
Waste Management is up today
Rotate into some safe haven