12/26/2023 0 Comments Warren buffett wake up time![]() That would benefit StoneCo, potentially leading to further all-time highs in the future. Even though StoneCo struggled during the business slowdown at the beginning of the COVID-19 pandemic, it has also benefited from the need for merchants to embrace electronic payments as part of their broader e-commerce strategies.Īs vaccine rollouts begin, merchants are hopeful that business in Brazil will return to normal. ![]() That's especially important in Brazil, where cash transactions still make up a far larger percentage of total commerce than in the U.S. StoneCo's business focuses on making electronic payments as painless as possible for merchants to accept. Berkshire's 14.2 million shares have a value of more than $1.2 billion at current prices. StoneCo is a newer position for Buffett, with the stock having entered the Berkshire portfolio toward the end of 2018. After taking a hit during the coronavirus bear market in early 2020, the Brazilian payments specialist started reaching all-time highs last summer and hasn't looked back since. Fintech company StoneCo ( STNE -3.52%) has been on the rise for a while. StoneCoĮlectronic payments have been a hot area lately. Investors like that spirit, and they see GM winning in the end. GM's other efforts include supplying hydrogen fuel cells to Navistar and the new BrightDrop brand of commercial vans and pallet-movers. The company's electric vehicle subsidiary, Cruise, has earned attention lately, with the most recent surge in GM stock coming as Cruise entered into a partnership with tech giant Microsoft. Investors have gotten excited about GM's response to Tesla. However, in just the past year, GM has seen its stock more than double, and it started hitting new all-time highs toward the end of 2020. The rise of Tesla stood in stark contrast to GM's treading water. GM stock has languished for a long time, with many investors worrying that new trends were passing the auto giant by. Buffett added 5.3 million shares in just the most recent quarter. That puts the automaker among the top 10 positions Berkshire Hathaway holds. GM eventually declared bankruptcy, reorganized its operations, and issued new stock while leaving owners of its old stock holding nearly worthless shares.īuffett started investing in General Motors in 2012, and he's gradually built up a stake of 80 million shares worth about $4.5 billion. The automaker has gone through good times and bad, with its worst times coming in the wake of the financial crisis of 20. General Motors ( GM -1.81%) has been a leader of American industry for more than 100 years.
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