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“Warren Buffett Finally Throws In The Towel On 4 Lousy Stocks”

“…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 MarketSmithBerkshire 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

CompanySymbolYTD price changeCut in Berkshire position in Q2Sector
Verizon Communications(VZ)-11.9%-100%Communication Services
Store Capital(STOR)-14.9-53.0Real Estate
General Motors(GM)-33.4-14.8Consumer Discretionary
U.S. Bancorp(USB)-12.3-5.2Financials
 Sources: IBD, S&P Global Market Intelligence…”
https://www.investors.com/etfs-and-funds/sectors/sp500-warren-buffett-finally-throws-in-the-towel-on-four-lousy-stocks/?src=A00220

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