“Warren Buffett Finally Throws In The Towel On 4 Lousy Stocks”
August 17, 2022
“…Buffett’s Berkshire Hathaway (BRKB) sold off a least a portion of its four worst performers this year: Verizon (VZ), Store Capital (STOR), General Motors (GM) and U.S. Bancorp (USB). That’s according to an Investor’s Business Daily analysis of data from S&P Global Market Intelligence and MarketSmith. Berkshire Hathaway retains a portion of the stocks (except Verizon), but now all the positions are below 10% of the companies’ shares outstanding…
Losing Stocks Buffett Is Dumping This Year
Berkshire Hathaway reduced its position in these stocks that are down this year
Company | Symbol | YTD price change | Cut in Berkshire position in Q2 | Sector |
---|---|---|---|---|
Verizon Communications | (VZ) | -11.9% | -100% | Communication Services |
Store Capital | (STOR) | -14.9 | -53.0 | Real Estate |
General Motors | (GM) | -33.4 | -14.8 | Consumer Discretionary |
U.S. Bancorp | (USB) | -12.3 | -5.2 | Financials |