Warren Buffett's Berkshire Hathaway Earns $25 Every Second
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The investment from the legendary investor is seen as a sign that the selloff among those stocks has gone too far.
In May, a 13F filing revealed that Berkshire Hathaway was buying mystery stocks. Now, at last, we know what they are.
The investment comes as UnitedHealth faces soaring medical costs, federal investigations, the fallout of the killing of a top executive and a cyberattack last year.
Warren Buffett's Berkshire Hathaway built a $1.6 billion stake in UnitedHealth last quarter, marking one of its last wagers with the investor as CEO.
Also notice that although these are six brand-new positions, they add up to about $4 billion, significantly less than the proceeds from the Apple, Bank of America, and T-Mobile sales, which is how Berkshire was still a net seller of stocks for the quarter.
Interest rates and sagging consumer confidence makes Lennar less appealing.