Warren Buffett has put some of his $100+ billion in cash on Berkshire Hathaway's balance sheet to work, picking up about $500 million shares of the grocery chain Kroger (KR).
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| |  Good morning. Warren Buffett has put some of his $100+ billion in cash on Berkshire Hathaway's balance sheet to work, picking up about $500 million shares of the grocery chain Kroger (KR).
The buy, which attracted some interest, is classic Buffett. Grocery chains tend to have some competition, but one regional chain tends to dominate in its specific area, as Kroger does. While profit margins are low, which turns many investors away, it also tends to mean fewer competitors. We could even see Buffet buying the entire chain in time.
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| | |  | DOW 29,398.08 | -0.09% | | |  | S&P 3,380.16 | +0.18% | | | | NASDAQ 9,731.18 | +0.20% | | | | | *As of market close | | | • | Stocks were closed yesterday for President's Day. | | | | | | | | |
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| | Insider Trading Reports: Noble Midstream Partners (NBLX) | | | | Thomas Christensen, CFO at Noble Midstream Partners (NBLX), recently added 1,050 shares to his holdings. That increased his stake by 5.5 percent, and came to a cost of just over $20,000.
He was joined by director Martin Salinas, who bought 1,750 shares, increasing his stake by 7 percent. That buy came to over $35,000.
Finally, general counsel Aaron Carlson bought 1,000 shares, costing just under $20,000, and upping his stake by over 22 percent.
» FULL STORY | | | | |
| | Unusual Options Activity: AT&T (T) | | | | December 2020 $37 put options on AT&T (T) recently saw a 10-fold rise in volume. Over 1,600 contracts traded on an option that had a prior open interest of just 156 contracts.
The bet expires 304 days. For the bet to move in-the-money, AT&T shares will need to drop about $1.25 from their current price near $38.25. That's about 3.3 percent.
The buyer of the puts also paid about $2.37.
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| | | | TOP | | | EXPE | 11.041% | | | | NVDA | 7.021% | | | | MHK | 4.026% | | | | DLR | 3.928% | | | | PAYC | 3.673% | | | | BOTTOM | | | IPGP | 6.988% | | | | ANET | 5.955% | | | | AIG | 4.811% | | | | MRO | 4.23% | | | | MOS | 3.747% | | | | |
| | |  | | The market cap in the entire [small-cap] Russell 2000 is $2.4 trillion. The market cap of Microsoft and Apple is $2.8 trillion. I mean, there is absolutely no doubt the big boys are leading the charge right now. | | - Mark Tepper, president of Strategic Wealth Partners, on the rise in large-cap technology stocks driving the overall market higher.  | |
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