Apple's $110B Buyback Ignites Stock, Auto Giants Rally

Apple's Buyback Plan, Hershey's Cocoa Woes, and Auto Stocks Surge

Berkshire Hathaway Conference Highlights

Apple (AAPL): Record-Breaking Buyback

• Largest Buyback: Announced $110 billion buyback plan, despite 4% revenue decline.
• Stock Performance: Up 6% in after-hours trading post-earnings; down 10% in 2024 but up nearly 3% in a year.

Alphabet (GOOGL), RTX, GM, Broadcom: Big Share Repurchasers

• Alphabet: Shares are now 4.6% from the 52-week high; up by 58% in a year.
• RTX: Stock is up by 23% in six months and only 2% from the high.
• GM: Up by 55% in six months and down only by about 3% from the high.
• Broadcom: Stock surged by an impressive 102% over the past year but is currently down by around14%.

Hershey (HSY): Cocoa Price Impact

• Cocoa Woes: High cocoa costs due to weather problems led to a flat performance for Hershey since last reporting.
• Stock Decline: Down about29 % over a year; shares rose recently as cocoa prices dropped significantly.

Auto Stocks Surge

• Carvana (CVNA) soared by34%, Rivian still off its peak at65%, Chinese carmakers BYD and Nio both up more than6%, Mobileye gained5.6%, Ford and Ferrari both rose2%, Tesla remained flat.