Money Minute: Big Investors' Bold Moves; More Cable Industry Mergers?


A look at what some of Wall Street's biggest and most successful investors are doing now.

A lot of investors like to follow the lead of the big boys -- the world's best-known investors. Well, many of them filed reports with the government late Friday about stocks they added or cut from their portfolios during the fourth quarter.

Carl Icahn bought more Apple (AAPL), but he sold Netflix (NFLX). Daniel Loeb, Leon Cooperman and others bought more shares of General Motors (GM).

Warren Buffett's Berkshire Hathaway (BRK-A) (BRK-B) added to its positions in General Electric (GE) and USG (USG), while unloading positions in GlaxoSmithKline (GSK) and Dish Network (DISH).
George Soros, meanwhile, bought banking giants JPMorgan Chase (JPM) and Citigroup (C), but he also increased his bet that the overall market would retreat.

Here on Wall Street, the Dow Jones industrial average (^DJI) and the Standard & Poor's 500 index (^GPSC) both gained 2.3 percent last week, and the Nasdaq composite (^IXIC) rallied nearly 3 percent. The Nasdaq starts the week at its highest level since July 2000.

One of the big stories last week was Comcast's (CMCSA) (CMCSK) $45 billion buyout of Time Warner Cable. Now, analysts say the pressure is on smaller rivals to find new dance partners. They say Charter Communications (CHTR), Cox Communications and Cablevision Systems (CVC) will be on the lookout to get bigger in order to stay competitive, and all of that consolidation may not be good for consumers.

Electric and hybrid cars are slowly making a dent in the market, but one thing holding many buyers back is the hassle of plugging them in every day. Well, Toyota (TM) is testing out a wireless charging system. The idea is to park your car on top of magnetic coils to get a cordless charge. The hope is that this could lead to the development of a universal charging system, that works for all electric cars, regardless of the make or model.

Finally, Sony (SNE) has sold 5.3 million units of its Playstation 4 video game console since it launched on Black Friday last year. That tops its target for the full year.

-Produced by Drew Trachtenberg.

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Unemployment is high in Puerto Rico is that because the drug companies found it even cheaper to cheat the poor in China?

February 18 2014 at 5:36 PM Report abuse rate up rate down Reply

Someyahoo you're a hopeless case. I hope you find your scarecrow and a brain as well. I don't have time for your juvenile behavior.

February 18 2014 at 5:34 PM Report abuse rate up rate down Reply

No one mentioned if CVS was ditching cigarettes so they could move Medical weed into the slot. Really most of the medicine today is imported the drug companies are already over paid!

February 18 2014 at 5:19 PM Report abuse +1 rate up rate down Reply

Meanwhile one of the ads on here are predicting the end of COMCAST and another the end of the Internet. Seems no matter how many ads saturate our viewing it does not put enough money in the economy to create many jobs.

February 18 2014 at 5:11 PM Report abuse rate up rate down Reply

Hmm I wonder if the shuffle at CNBC and Bloomberg had to do with the possible Time Warner / COMCAST Cable deal? Good bye Maria Bartoromo; hello Sara Eisen?

Gets confusing after awhile when you see everyone at Bloomberg either head over to CNBC or MSNBC.

February 18 2014 at 4:59 PM Report abuse rate up rate down Reply

You're still leeching off the tax payers, slouch.


Something you've done all your life Someyahoo.

February 18 2014 at 4:56 PM Report abuse -1 rate up rate down Reply

Someyahoo would do better by himself if he would stop posting his infantile comments and use that energy to find a job.

February 18 2014 at 4:50 PM Report abuse rate up rate down Reply

Here it goes my attempt to stay on topic. No I better not I don't want to become a conformist. :)

February 18 2014 at 4:41 PM Report abuse rate up rate down Reply

I can see the subject matter chosen by the site was so bad nobody here wanted to discuss it! Your right he big monopolies get enough free press so screw them!

February 18 2014 at 4:29 PM Report abuse rate up rate down Reply

Bye, Evan. You make no sense at all.

February 18 2014 at 4:01 PM Report abuse +1 rate up rate down Reply