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brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1621342424,"share":"https://ttm.financial/m/news/2136986129?lang=&edition=fundamental","pubTime":"2021-05-18 20:53","market":"us","language":"en","title":"Sea to scale up digital financial services as revenues double to $1.8 bln","url":"https://stock-news.laohu8.com/highlight/detail?id=2136986129","media":"Reuters","summary":"SINGAPORE, May 18 (Reuters) - Singaporean technology group Sea chairman Forrest Li said on Tuesday t","content":"<p>SINGAPORE, May 18 (Reuters) - Singaporean technology group Sea chairman Forrest Li said on Tuesday the firm would scale up its fintech offerings in Southeast Asia, as the firm more than doubled revenues in 2021 thanks to growth in e-commerce and entertainment.</p>\n<p>\"Digital financial services in our region are at early stages and we expect use cases to grow,\" the executive told an investor call.</p>\n<p>Sea, which claimed $3.4 billion in payments for its mobile wallet for the first quarter of 2021, won a digital banking licence in Singapore in December and purchased last year Indonesian lender Bank BKE ( Bank Kesejahteraan Ekonomi) to turn into a digital bank.</p>\n<p>The New York-listed firm announced on Tuesday it had booked a revenue of $1.8 billion for the first quarter of 2021, up 147% year-on-year.</p>\n<p>Its net loss widened to $422 million from $281 million, as the company more than doubled sales and marketing expenses.</p>\n<p>Sea's e-commerce arm Shopee brought in $922 million in revenue, up 250% year-on-year, while its gaming arm Garena raked in $781 million in revenue, up 111% on the year.</p>\n<p>Li told reporters that Shopee was seeing growth in Brazil due to a nascent regional expansion. Reuters reported earlier in 2021 that the firm was launching in Mexico and was eying a possible wider expansion in Latin America.</p>\n<p>Analysts said they believe the jump in marketing costs was also due to Shopee's launch of a food delivery arm segment in Indonesia this year, where it now competes with ride-hailers Grab and Gojek.</p>\n<p>The group has seen meteoric growth on the stock markets during the coronavirus pandemic as shoppers turned to the internet, with its market cap now at $113 billion.</p>\n<p>But it is expected to face increased competition in Southeast Asia.</p>\n<p>Indonesian ride-hailing and payments firm Gojek and e-commerce leader Tokopedia announced on Monday they are merging to create a multi-billion dollar tech company called GoTo in the country's largest-ever deal.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sea to scale up digital financial services as revenues double to $1.8 bln</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSea to scale up digital financial services as revenues double to $1.8 bln\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-05-18 20:53</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>SINGAPORE, May 18 (Reuters) - Singaporean technology group Sea chairman Forrest Li said on Tuesday the firm would scale up its fintech offerings in Southeast Asia, as the firm more than doubled revenues in 2021 thanks to growth in e-commerce and entertainment.</p>\n<p>\"Digital financial services in our region are at early stages and we expect use cases to grow,\" the executive told an investor call.</p>\n<p>Sea, which claimed $3.4 billion in payments for its mobile wallet for the first quarter of 2021, won a digital banking licence in Singapore in December and purchased last year Indonesian lender Bank BKE ( Bank Kesejahteraan Ekonomi) to turn into a digital bank.</p>\n<p>The New York-listed firm announced on Tuesday it had booked a revenue of $1.8 billion for the first quarter of 2021, up 147% year-on-year.</p>\n<p>Its net loss widened to $422 million from $281 million, as the company more than doubled sales and marketing expenses.</p>\n<p>Sea's e-commerce arm Shopee brought in $922 million in revenue, up 250% year-on-year, while its gaming arm Garena raked in $781 million in revenue, up 111% on the year.</p>\n<p>Li told reporters that Shopee was seeing growth in Brazil due to a nascent regional expansion. Reuters reported earlier in 2021 that the firm was launching in Mexico and was eying a possible wider expansion in Latin America.</p>\n<p>Analysts said they believe the jump in marketing costs was also due to Shopee's launch of a food delivery arm segment in Indonesia this year, where it now competes with ride-hailers Grab and Gojek.</p>\n<p>The group has seen meteoric growth on the stock markets during the coronavirus pandemic as shoppers turned to the internet, with its market cap now at $113 billion.</p>\n<p>But it is expected to face increased competition in Southeast Asia.</p>\n<p>Indonesian ride-hailing and payments firm Gojek and e-commerce leader Tokopedia announced on Monday they are merging to create a multi-billion dollar tech company called GoTo in the country's largest-ever deal.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2136986129","content_text":"SINGAPORE, May 18 (Reuters) - Singaporean technology group Sea chairman Forrest Li said on Tuesday the firm would scale up its fintech offerings in Southeast Asia, as the firm more than doubled revenues in 2021 thanks to growth in e-commerce and entertainment.\n\"Digital financial services in our region are at early stages and we expect use cases to grow,\" the executive told an investor call.\nSea, which claimed $3.4 billion in payments for its mobile wallet for the first quarter of 2021, won a digital banking licence in Singapore in December and purchased last year Indonesian lender Bank BKE ( Bank Kesejahteraan Ekonomi) to turn into a digital bank.\nThe New York-listed firm announced on Tuesday it had booked a revenue of $1.8 billion for the first quarter of 2021, up 147% year-on-year.\nIts net loss widened to $422 million from $281 million, as the company more than doubled sales and marketing expenses.\nSea's e-commerce arm Shopee brought in $922 million in revenue, up 250% year-on-year, while its gaming arm Garena raked in $781 million in revenue, up 111% on the year.\nLi told reporters that Shopee was seeing growth in Brazil due to a nascent regional expansion. Reuters reported earlier in 2021 that the firm was launching in Mexico and was eying a possible wider expansion in Latin America.\nAnalysts said they believe the jump in marketing costs was also due to Shopee's launch of a food delivery arm segment in Indonesia this year, where it now competes with ride-hailers Grab and Gojek.\nThe group has seen meteoric growth on the stock markets during the coronavirus pandemic as shoppers turned to the internet, with its market cap now at $113 billion.\nBut it is expected to face increased competition in Southeast Asia.\nIndonesian ride-hailing and payments firm Gojek and e-commerce leader Tokopedia announced on Monday they are merging to create a multi-billion dollar tech company called GoTo in the country's largest-ever deal.","news_type":1},"isVote":1,"tweetType":1,"viewCount":380,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":194366820,"gmtCreate":1621343726560,"gmtModify":1704356101379,"author":{"id":"3582501618280432","authorId":"3582501618280432","name":"Eugenelyl","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582501618280432","authorIdStr":"3582501618280432"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/194366820","repostId":"1193296120","repostType":4,"repost":{"id":"1193296120","kind":"news","pubTimestamp":1621341344,"share":"https://ttm.financial/m/news/1193296120?lang=&edition=fundamental","pubTime":"2021-05-18 20:35","market":"us","language":"en","title":"Apple: Still The King Of Warren Buffett Stocks","url":"https://stock-news.laohu8.com/highlight/detail?id=1193296120","media":"TheStreet","summary":"Apple stock remains Berkshire Hathaway’s number one position, by far. The Apple Maven explains why, despite the AAPL stake having been trimmed, Warren Buffett and team remain bullish.Warren Buffett’s Berkshire Hathaway has just disclosed its first quarter 2021 holdings. Once again, Apple stock was the conglomerate’s number one position, at a total portfolio allocation of 40%.Today, the Apple Maven reviews (#1) what has changed in Berkshire’s AAPL ownership since last quarter, (#2) what the imp","content":"<p>Apple stock remains Berkshire Hathaway’s number one position, by far. The Apple Maven explains why, despite the AAPL stake having been trimmed, Warren Buffett and team remain bullish.</p>\n<p>Warren Buffett’s Berkshire Hathaway (ticker $BRK.A) has just disclosed its first quarter 2021 holdings. Once again, Apple stock (ticker $AAPL) was the conglomerate’s number one position, at a total portfolio allocation of 40%.</p>\n<p>Today, the Apple Maven reviews (#1) what has changed in Berkshire’s AAPL ownership since last quarter, (#2) what the implications might be for Apple investors, and (#3) other noteworthy changes in the Oracle of Omaha’s portfolio.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3ee72f5897d2d4154bfab1375823b489\" tg-width=\"740\" tg-height=\"416\" referrerpolicy=\"no-referrer\"><span>Figure 1: Warren Buffett at Berkshire Hathaway’s annual meeting. May, 2021.</span></p>\n<p><b>#1. AAPL is still king</b></p>\n<p>As of the end of the first period 2021, Berkshire Hathaway owned nearly 890 million shares of Apple stock. Priced at last quarter-end’s $122.15, the holding represented a $108 billion stake in the Cupertino company’s equity.</p>\n<p>The chart below underscores a couple of interesting facts about Berkshire Hathaway’s AAPL ownership over the past four quarters:</p>\n<ul>\n <li>Number of shares owned has decreased progressively and consistently from a bit over 1 billion in the second calendar quarter 2020 (adjusted for the August 4-to-1 split).</li>\n <li>AAPL’s position relative to total portfolio value spiked in the third quarter 2020, alongside Apple share price, reaching a peak of 45%. Now, following some position trimming and the stock’s correction in the past six-to-eight months, the allocation has dipped to 40%.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/87264184dc83a332f3020ab4d63eb188\" tg-width=\"1200\" tg-height=\"714\"><span>Figure 2: Berkshire's ownership of AAPL since 2Q'20.</span></p>\n<p><b>#2. Is Buffett less bullish?</b></p>\n<p>One top-of-mind question that Apple investors might have is whether Warren Buffett and his team have become less bullish on AAPL. Afterall, Berkshire seems to own less Apple stock by the quarter.</p>\n<p>In my view, the answer is no. In fact, Warren Buffett himself has explained why trimming AAPL does not necessarily mean owning less of the Cupertino company. The trick has been possible due to Apple’s stock buyback efforts. Below is Mr. Buffett’s quote,from a few months ago:</p>\n<p>“When we finished our purchases in mid-2018, Berkshire’s general account owned 5.2% of Apple. […] Since then, we have […] pocketed $11 billion by selling a small portion of our position. Despite that sale – voila! – Berkshire now owns 5.4% of Apple. That increase was costless to us, coming about because Apple has continuously repurchased its shares, thereby substantially shrinking the number it now has outstanding.”</p>\n<p></p>\n<p>To be fair, I had hoped to see a small increase in Berkshire’s AAPL stake in the first quarter.As I explained recently, Buffett could see the recent correction in Apple shares as an opportunity to buy. Not only that, Buffett’s right-hand Charlie Munger has evenarguedthat Berkshire should not have sold Apple stock in 2020.</p>\n<p>Instead, I will have to be content with Berkshire’s mere 2% position trim since last quarter, compared to a 6% and 4% reduction in the fourth and third quarters of 2020, respectively.</p>\n<p><b>#3. Other important portfolio changes</b></p>\n<p>The Apple Maven cares about Apple stock first and foremost. However, in the first period of 2020, two stocks stood out after having been dumped by Berkshire; and one, for having been bought aggressively.</p>\n<ul>\n <li><b>Wells Fargo</b> (ticker $WFC), one of Berkshire’s long-time but lately unsuccessful Big Bank holding, was effectively removed from the portfolio. Shares of the company were down about 0.5% in after-hours trading.</li>\n <li>The <b>Chevron</b> (ticker $CVX) position was slashed in half to now account for less than 1% of the portfolio. This could have been the result of oil and gas stocks having rallied so far and so fast over the past few months.</li>\n <li><b>Kroger</b> (ticker $KR) saw its allocation roughly double quarter-over-quarter to 0.7%. The stock traded up 1.1% on Monday after hours.</li>\n</ul>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple: Still The King Of Warren Buffett Stocks</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple: Still The King Of Warren Buffett Stocks\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-18 20:35 GMT+8 <a href=https://www.thestreet.com/apple/news/apple-still-the-king-of-warren-buffett-stocks><strong>TheStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Apple stock remains Berkshire Hathaway’s number one position, by far. The Apple Maven explains why, despite the AAPL stake having been trimmed, Warren Buffett and team remain bullish.\nWarren Buffett’s...</p>\n\n<a href=\"https://www.thestreet.com/apple/news/apple-still-the-king-of-warren-buffett-stocks\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.B":"伯克希尔B","AAPL":"苹果","BRK.A":"伯克希尔"},"source_url":"https://www.thestreet.com/apple/news/apple-still-the-king-of-warren-buffett-stocks","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1193296120","content_text":"Apple stock remains Berkshire Hathaway’s number one position, by far. The Apple Maven explains why, despite the AAPL stake having been trimmed, Warren Buffett and team remain bullish.\nWarren Buffett’s Berkshire Hathaway (ticker $BRK.A) has just disclosed its first quarter 2021 holdings. Once again, Apple stock (ticker $AAPL) was the conglomerate’s number one position, at a total portfolio allocation of 40%.\nToday, the Apple Maven reviews (#1) what has changed in Berkshire’s AAPL ownership since last quarter, (#2) what the implications might be for Apple investors, and (#3) other noteworthy changes in the Oracle of Omaha’s portfolio.\nFigure 1: Warren Buffett at Berkshire Hathaway’s annual meeting. May, 2021.\n#1. AAPL is still king\nAs of the end of the first period 2021, Berkshire Hathaway owned nearly 890 million shares of Apple stock. Priced at last quarter-end’s $122.15, the holding represented a $108 billion stake in the Cupertino company’s equity.\nThe chart below underscores a couple of interesting facts about Berkshire Hathaway’s AAPL ownership over the past four quarters:\n\nNumber of shares owned has decreased progressively and consistently from a bit over 1 billion in the second calendar quarter 2020 (adjusted for the August 4-to-1 split).\nAAPL’s position relative to total portfolio value spiked in the third quarter 2020, alongside Apple share price, reaching a peak of 45%. Now, following some position trimming and the stock’s correction in the past six-to-eight months, the allocation has dipped to 40%.\n\nFigure 2: Berkshire's ownership of AAPL since 2Q'20.\n#2. Is Buffett less bullish?\nOne top-of-mind question that Apple investors might have is whether Warren Buffett and his team have become less bullish on AAPL. Afterall, Berkshire seems to own less Apple stock by the quarter.\nIn my view, the answer is no. In fact, Warren Buffett himself has explained why trimming AAPL does not necessarily mean owning less of the Cupertino company. The trick has been possible due to Apple’s stock buyback efforts. Below is Mr. Buffett’s quote,from a few months ago:\n“When we finished our purchases in mid-2018, Berkshire’s general account owned 5.2% of Apple. […] Since then, we have […] pocketed $11 billion by selling a small portion of our position. Despite that sale – voila! – Berkshire now owns 5.4% of Apple. That increase was costless to us, coming about because Apple has continuously repurchased its shares, thereby substantially shrinking the number it now has outstanding.”\n\nTo be fair, I had hoped to see a small increase in Berkshire’s AAPL stake in the first quarter.As I explained recently, Buffett could see the recent correction in Apple shares as an opportunity to buy. Not only that, Buffett’s right-hand Charlie Munger has evenarguedthat Berkshire should not have sold Apple stock in 2020.\nInstead, I will have to be content with Berkshire’s mere 2% position trim since last quarter, compared to a 6% and 4% reduction in the fourth and third quarters of 2020, respectively.\n#3. Other important portfolio changes\nThe Apple Maven cares about Apple stock first and foremost. However, in the first period of 2020, two stocks stood out after having been dumped by Berkshire; and one, for having been bought aggressively.\n\nWells Fargo (ticker $WFC), one of Berkshire’s long-time but lately unsuccessful Big Bank holding, was effectively removed from the portfolio. Shares of the company were down about 0.5% in after-hours trading.\nThe Chevron (ticker $CVX) position was slashed in half to now account for less than 1% of the portfolio. This could have been the result of oil and gas stocks having rallied so far and so fast over the past few months.\nKroger (ticker $KR) saw its allocation roughly double quarter-over-quarter to 0.7%. The stock traded up 1.1% on Monday after hours.","news_type":1},"isVote":1,"tweetType":1,"viewCount":253,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
