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-5.1813583362691E-05 -0.000105786066032078 0.000757773656678877 0.00172711944542191 0.00140544344871213 0.000325993795323323 0.00183722331006753 0.00313256289413404
Stock impact report

Why Warren Buffett keeps buying Occidental Petroleum shares [Yahoo! Finance]

Bank of America Corporation (BAC) 
Last bank of america corporation earnings: 4/15 06:45 am Check Earnings Report
US:NYSE Investor Relations: investor.bankofamerica.com
Company Research Source: Yahoo! Finance
In This Article DPZ STZ OXY BRK-B CL=F Investors' cash holdings are at a 15-year low — according to Bank of America's global fund manager survey — while Warren Buffett's Berkshire Hathaway ( BRK-B BRK-A ) holds a record high of $325 billion in cash. Despite holding a record-high amount of uninvested cash, Buffett's firm continues to buy up shares and expand its stake in oil giant Occidental Petroleum ( OXY Portfolio Wealth Advisors president and chief investment officer Lee Munson joins Catalysts with Seana Smith and Madison Mills to discuss what Berkshire's buying of Occidental and the legendary investor's behavior signals for the wider market. "A lot of this stems from a huge sale of Apple ( AAPL ) that [Buffett] did last year and he just has a bunch of cash and he's slow to get it to use," Munson says, adding, "[Berkshire has] been on a buying spree with Occidental, and I think that that's something that is notable." "I think that what it really says is that this Show less Read more
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