Welcome to Extreme Investor Network, where we provide you with unique and valuable information on the latest trends in the trading world. Today, we’re diving into the companies making headlines in midday trading, with a focus on how Warren Buffett’s Berkshire Hathaway is making moves in the market.
Global pharma stocks took a hit as vaccine skeptic Robert F. Kennedy Jr. was selected as health secretary, causing shares of Moderna, Pfizer, BioNTech, GSK, Eli Lilly, and Novo Nordisk to slip. Meanwhile, Super Micro Computer faces potential delisting from the Nasdaq, with shares falling 2% ahead of a deadline. Alibaba also saw a dip in shares after its fiscal second-quarter sales fell short of estimates.
On the brighter side, Warren Buffett’s Berkshire Hathaway announced a new stake in Domino’s Pizza, boosting shares by 0.3%. The conglomerate also purchased a stake in Pool Corp., leading to a nearly 2% increase in its shares. However, Berkshire Hathaway revealed a sell-off of its position in Ulta Beauty, causing shares to slip by nearly 3%.
AST SpaceMobile experienced a plunge in shares following weaker-than-expected third-quarter results, while Applied Materials dropped 8% after providing a softer revenue outlook for the current quarter.
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