Berkshire Hathaway's Greg Abel Dumps Amazon and Loads Up on Alphabet. Is It the Better Buy?
One of these has performed much better than the other.
Berkshire Hathaway's Greg Abel Dumps Amazon and Loads Up on Alphabet. Is It the Better Buy?
Overview
Berkshire Hathaway's new CEO, Greg Abel, made some major moves in his first quarter as the company's leader. He sold off a slew of small positions, including Amazon (NASDAQ: AMZN), concentrating the portfolio in 29 stocks, and he tripled the company's position in Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL).
Is Alphabet a better buy than Amazon today?
Details
Amazon and Alphabet are two top tech stocks and two of the most valuable companies in the world. Alphabet, though, has skyrocketed over the past five years, and it has the second-highest market cap of any global company, with $4.4 trillion, while Amazon has underperformed the S&P 500.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
