Should You Follow Warren Buffett’s Lead and Sell HPQ Stock?
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Barchart
Barchart
Berkshire Hathaway (BRK.B) – the conglomerate led by legendary value investor Warren Buffett – sold almost 5.5 million shares of HP (HPQ) last week. The announcement took the market by surprise, just as the initial news of Berkshire buying a stake in HP did last year. Buffett has largely shied away from tech stocks – and while Apple (AAPL) is Berkshire’s biggest holding, the “Oracle of Omaha” considers it a consumer company rather than a tech company. As for HP, the stock tumbled after Berkshire revealed in its filings that it had sold some shares. So, should you follow suit with Buffett and …