Less than one year ago, NIA sent out an alert entitled, 'Is Warren Buffett Selling AAPL?'. Click here to read this alert!
NIA was the first organization to ever ask this question, and everybody believed we were crazy to suggest this.
He wasn't selling at the time of NIA's alert, but he began selling a few months later. In 1Q 2024, Berkshire sold 13% of its Apple (AAPL) shares, which was reported in May 2024. This morning, we learned in Berkshire's 10-Q filing that it sold 50% of its remaining AAPL shares.
Why is this significant? AAPL is trading with an enterprise value of 8.77X revenue despite revenue growth of only 4.90% last quarter on a year-over-year basis.
Back on July 27, 2023, NIA sent out an alert entitled, 'Do You Prefer AAPL at 8.084X Revenue or DAKT at 0.409X Revenue?!'. Click here to read this alert!
At the time of this alert, AAPL was $191.94 per share vs. Daktronics (DAKT) trading for $6.97 per share.
Since then, AAPL has gained by 14.55% to a current price of $219.86 per share vs. NIA's #1 favorite NASDAQ stock suggestion DAKT gaining by 97.85% to a current price of $13.79 per share. NIA's DAKT has gained 6.73X more than AAPL!
With Warren Buffett selling AAPL it is very bad for the overall market, because the only way to eliminate exposure to AAPL is by selling index funds and ETFs.
We are about to see Americans begin loading up on gold ETFs like SPDR Gold Trust (GLD), gold mining/exploration stocks, and other recession proof stocks like Celtic plc (LSE: CCP) or CLTFF.
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is meant for informational and educational purposes only and does not provide investment advice.