Thu, Aug 8, 2024 12:02 PM
Trent Q1 Preview: Net profit set to almost 2x on Zudio, Westside popularity
A Flip by Shubhangi Gupta
There's a company in Warren Buffett's portfolio that few investors have ever heard of. Nu Holdings, a Latin American fintech company, is a rapidly growing business in Warren Buffett's portfolio, disrupting traditional banking with its digital services and achieving 65% year-over-year revenue growth, with expectations to continue doubling in size over the next few years.
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Palantir stock surged 13% after it was announced that the stock will be added to the S&P 500 index on September 23.The defense-focused software company, valued at $75 billion, will replace American Airlines Group. Palantir's recent focus on AI and consistent profits have convinced Wall Street of its growth potential, with the stock trading at a new 52-week high.
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One of Warren Buffett's best investments was in Coca-Cola. He bought around $1 billion in shares back in 1988, or 6.2% of the company. This occurred after the market crash of 1987 and gave Buffett a buying opportunity at a cheap price-to-earnings ratio (P/E). It was also right before Coca-Cola rapidly expanded internationally. By 1998, the company's stock was up over 10x for Buffett.
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