Buffett, Berkshire and UnitedHealth
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2don MSN
Buffett bought UnitedHealth. I bet on Caterpillar. Why Berkshire Hathaway’s picks are smarter.
I told MarketWatch readers on Aug. 14 that Warren Buffett was about to reveal one big mystery elephant for Berkshire Hathaway’s portfolio — one $5 billion investment in the shares of an industrial giant.
What Happened: The undisclosed investments of Berkshire Hathaway have been made public. The company has reportedly invested in steelmaker Nucor NUE +1.07% Get Free Report , homebuilders D.R. Horton DHI +1.30% Get Free Report and Lennar LEN +1.56% Get Free Report , with the total investments amounting to $1.8 billion.
Berkshire Hathaway invests $1.57B in UnitedHealth (UNH), boosting shares by 10.5%. Discover key insights on its challenges, outlook, and analyst ratings.
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.
1don MSN
UnitedHealth Stock Is Having Its Best Day in Years. It Still Needs More to Cure Its Problems.
UNH stock soared after Warren Buffett’s Berkshire Hathaway revealed it bought shares of the healthcare company. Nonetheless, UnitedHealth faces a long list of unresolved issues.
The conglomerate sold Apple shares during the second quarter, though the iPhone maker remains Berkshire’s largest stockholding.
Warren Buffett's Berkshire Hathaway disclosed on Thursday a new investment in UnitedHealth Group after the insurer became a target for many Americans upset over the direction of the nation's healthcare.
The blue-chip Dow Jones ended higher after hitting an intraday record high on Friday, as UnitedHealth's shares jumped after Berkshire Hathaway raised its stake, but other Wall Street indexes slipped as mixed data clouded the Federal Reserve's next monetary policy move.