Stock Wars: IBM Vs. Intel
By Lou Basenese:Leave it to Warren Buffett to flummox investors. The latest portfolio disclosure for Berkshire Hathaway (NYSE: BRK.A) reveals the Oracle of Omaha now holds a $10.7 billion stake in International Business Machines (NYSE: IBM). That ranks as his portfolio’s second largest, based on market value. But it’s not the size of the bet that’s significant. It’s the sector. IBM marks Buffett’s first major foray into technology stocks. For years, he shunned them. Yet now he appears to be embracing tech stocks with open arms. You see, Buffett also disclosed a roughly $220 million stake in chip giant, Intel (Nasdaq: INTC). But let’s forget trying to get inside Buffett’s head to discern this shift in strategy. There’s no direct profit potential in such a pursuit. Instead, let’s determine which one of Buffett’s newest portfolio additions holds the most upside potential for us. And I know of no better way to arriveComplete Story »
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