As forward thinking as Warren Buffett is, Berkshire Hathaway (NYSE:BRK.B) — the multinational conglomerate holding company Buffett spearheads — has never invested in Tesla (NASDAQ:TSLA). That has led some folks to question whether he likes Tesla or even electric vehicles. But look beyond the noise, and you’ll find that the Oracle is quite bullish on EV battery stocks.
First, to clarify Buffett’s position on Tesla, in 2019, he stated during an interview with Yahoo Finance regarding Tesla CEO Elon Musk that “I think he has room for improvement, and he would say the same thing.” Furthermore, Buffett mentioned that Buffett would benefit from a little more discretion on social media. Nevertheless, Buffett called Musk “a remarkable guy.” Perhaps the only thing more remarkable is the possible upside trajectory of battery stocks.
Indeed, as InsideHook detailed, Buffett has been betting big on EV battery stocks since 2008. Coincidentally, this was the first year that Tesla released its Roadster, proving to onlookers that EVs can be environmentally friendly and desirable. While Tesla has more than established itself as the dominant leader in the EV space, Buffett’s investments in batteries hasn’t exactly been a slouch.
Hot Warren Buffett Stocks To Invest In Right Now: Upwork Inc.(UPWK)
Upwork Inc., together with its subsidiaries, operates an online talent marketplace that enables businesses to find and work with various independent professionals and agencies in the United States, India, the Philippines, and internationally. The company's platform provides access to talent with various skills across a range of categories, including sales and marketing, customer service, data science and analytics, design and creative, web, mobile, and software development. Its platform also enables clients to streamline workflows, such as talent sourcing, outreach, and contracting. The company's platform offers access to various functionalities for remote engagements with freelancers comprising communication and collaboration, time tracking, invoicing, and payment. Its marketplace offerings include Upwork Basic, Upwork Plus, Upwork Business, Upwork Enterprise, and Upwork Payroll, as well as managed and internet escrow agency services. The company was formerly known as Elance-oDesk, Inc. and changed its name to Upwork Inc. in May 2015. Upwork Inc. was incorporated in 2013 and is headquartered in Santa Clara, California.
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Upwork (UPWK) – Get Report: “I think you should hold this one for the long term.”
Butterfly Network (BFLY) : “It's just another company that came public at the wrong time. You need to wait for everyone to sell.”
- [By Shane Hupp]
Upwork (NASDAQ: UPWK) is one of 65 publicly-traded companies in the “Data processing & preparation” industry, but how does it compare to its rivals? We will compare Upwork to related businesses based on the strength of its earnings, risk, analyst recommendations, valuation, institutional ownership, dividends and profitability.
Hot Warren Buffett Stocks To Invest In Right Now: The Charles Schwab Corporation(SCHW)
The Charles Schwab Corporation, through its subsidiaries, provides wealth management, securities brokerage, banking, money management, and financial advisory services. The company operates through two segments, Investor Services and Advisor Services. It offers brokerage products, such as brokerage accounts; individual retirement accounts; retirement plans for small to large businesses; 529 college savings accounts; designated brokerage accounts; equity incentive plan accounts; and margin loans, as well as access to fixed income securities, equity and debt offerings, options, and futures. The company also provides no-load, proprietary, and other third-party mutual funds, as well as mutual fund trading and clearing services to broker-dealers; and third-party and proprietary exchange-traded funds. In addition, it offers advice solutions, including separately managed accounts, customized personal advice for tailored portfolios, and specialized planning and full-time portfolio management; and trust custody services, personal trust reporting services, and administrative trustee services. Further, the company provides banking products, such as checking accounts linked to brokerage accounts, savings accounts, certificates of deposit, demand deposit accounts, first lien residential real estate mortgage loans, home equity loans and lines of credit, and personal loans and entity lending collateralized by securities. It serves individuals and institutional clients in the United States, the Commonwealth of Puerto Rico, London, and Hong Kong. The Charles Schwab Corporation was founded in 1971 and is headquartered in San Francisco, California.