UNH and Homebuilders Jump on Berkshire Bid; AMAT Tumbles; Intel Higher
Audio is streamed directly from the publisher (podtrac.com) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
On this episode of Stock Movers:
- UnitedHealth Group (UNH) is surging along with homebuilders after Warren Buffett's Berkshire Hathaway Inc. bought shares of UnitedHealth Group Inc. in the second quarter, granting Berkshire a stake worth $1.6 billion. Berkshire also sold its stake in T-Mobile US Inc. and trimmed its holdings in Apple Inc. and Bank of America Corp. during the period.
- Lennar (LEN) is following UNH higher on the Berkshire bid. Health insurer UnitedHealth Group, as well as homebuilders Lennar and DR Horton rally after the latest 13F filing showed Warren Buffett’s Berkshire Hathaway bought shares in the companies during the second quarter.
- Applied Materials (AMAT) is tumbling after it gave a disappointing sales and profit forecast, renewing concerns that the US trade dispute with China is weighing on demand. CEO Gary Dickerson said the company is seeing less demand from customers in China and faces delays in approval for exporting technology to that country
- Intel (INTC) is higher on news the Trump administration is in talks with Intel Corp. to have the US government take a stake in the company, according to people familiar with the plan.
See omnystudio.com/listener for privacy information.