Billionaire Stock Moves to Watch

When billionaires make a move in the stock market, it’s often a signal worth paying attention to. These titans have access to the best research, insights, and market trends, which makes their trades especially valuable. Here’s a breakdown of three recent big-money moves that could shape the future of these stocks.

1. Warren Buffett Goes All-In on Occidental Petroleum (OXY)

Buffett’s Berkshire Hathaway recently made a substantial purchase of Occidental Petroleum shares, snapping up 2.1 million additional shares in late August. This brings Berkshire's total stake in OXY to just under 25%. The move aligns with Buffett’s long-standing belief in the future of energy, particularly oil and gas, as a critical sector in both the U.S. economy and the global market.

• Shares Bought: 2.1 million shares

• Estimated Cost: ~$130 million (at ~$62 per share)

• Reasoning: Buffett’s energy company bets have historically paid off. With rising oil prices and energy demand continuing, he seems confident OXY is undervalued despite near-term volatility.

• Timing: Purchase made in late August 2024, as oil prices showed a slight uptick and OXY’s fundamentals remained strong.

2. Elon Musk’s Bold Bet on AI with….

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