UAL

United Continental Holdings

stocks

3 Key Takeaways from Warren Buffett's Annual Shareholder Meeting

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Over the weekend, Warren Buffett hosted the annual Berkshire Hathaway (NYSE: BRK.A) shareholders meeting.

The so-called "Woodstock for Capitalists" featured a few surprise revelations from the Oracle of Omaha.

Buffett, who has been at the helm of the company since 1970, expressed optimism over the long-term outlook of the U.S. economy.

"Nothing can basically stop America," Buffett quipped.

But if you dig through the transcript or listen closely to the full video of the event, you can't help but notice that Buffett was less optimistic about the near-term conditions and more realistic about the challenges that we face in the months and years ahead.

Here are the three most important takeaways of the 2020 Berkshire Hathaway Annual Shareholder Meeting.

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dow jones

Dow Jones Pops with the U.S. Economy Set for Gradual Reopening

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The Dow Jones is rising today as traders speculate on the success of efforts to reopen parts of the U.S. economy.

Across the country, many Americans are concerned about a second wave of COVID-19, while others are pining to get back to normal as soon as possible.

We'll also cover the future outlook for airline stocks right now, like United Airlines (NYSE: UAL).

Here's everything moving the Dow today.

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stocks

What Warren Buffett May Be Planning with Airline Stocks

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The ongoing pandemic has shutdown multiple sectors in the economy.

But no sector has taken a harder hit than airline companies.

Perhaps the most surprising news around airlines came from famed investor Warren Buffett.

His firm Berkshire Hathaway (NYSE: BRK.A) has long been a holder of airline stocks given their steady demand and reliable cash flow streams.

According to GuruFocus, Berkshire may have lost up to $5.3 billion on its stakes in airline companies.

So, what is Buffett's plan with airline stocks for the road ahead?

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stocks

Markets Live: the Afternoon Trading Breakdown with D.R. Barton, Jr., and Shah Gilani

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Today's markets live afternoon session was a wild one.

The Dow was up 4% in the first half of the trading day, but was ultimately met with selling resistance midway through the day and closed slightly lower.

While that sounds concerning, the constant volatility we're seeing today is actually creating a multitude of opportunities to make fast profits.

Here's why our Markets Live experts - D.R. Barton, Jr., and Shah Gilani - think the market went down this afternoon - along with some of the top stocks they're looking to buy soon...

Trading Strategies

The Huge Coronavirus "Reality Gap" Created by the News Media - and What to Do About It

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Every time my phone starts ringing off the hook to make TV network appearances, I know it's a sign there's a Reality Gap big enough to make some real money.

A Reality Gap is the huge chasm between what the news media (plus Wall Street, Big Government, and Madison Avenue – or as I call them, the "Big Four") is serving you and the actual truth. The illusions they peddle aren't in your best interest; they distract you from what's best for your money.

Take China's coronavirus outbreak. Over the past two weeks, I've made seven television show appearances to talk about the coronavirus and how it's impacting markets and individual stocks.

It's pretty clear the news media is having a field day over this. Every minute, there's a new update on infections, possible mutations, comparisons to SARS… This human tragedy is being milked for all it's worth.

The reason why is simple: Fear sells. No TV news segment, news website, or cable news update is complete without a coronavirus update, because that's currently what gets views. And more views mean more money selling ads.

It's overtaken the top of the news agenda – the president's impeachment trial, Monday's Iowa caucus, even the record-breaking wildfires still raging in Australia.

Not to mention the things you can actually act on, like Amazon's extraordinary earnings surprise…

And the news media isn't the only culprit here, either. Big Government is getting in on the game, too, with health organizations underreacting, then overreacting, and issuing jarring headlines.

"CDC: Preparing as If Coronavirus Is 'the Next Pandemic.'" This led to a 250-point drop in the Dow on Jan. 24.

And lost amid all this noise is a Reality Gap between what's being said and what should really matter: the truth.

And the truth is we're turning the corner on this outbreak. As the very numbers the news media uses to whip up panic show, coronavirus cases are peaking. This means the end is in sight.

I know because I did something the news media won't do for you – I took a closer look at the numbers beyond the headline distractions. Let me show you… Full Story

Let me show you...