Posted 2/26/2024, 6:57:00 PM
Stocks Struggle as Tesla Slides, Buffett Stockpiles Cash, Li Auto Surges but Misses Forecast
- The Dow Jones struggled Monday as Tesla led other "Magnificent Seven" stocks; Cathie Wood snapped up shares of Roku amid a 43% decline
- Warren Buffett said Berkshire Hathaway is facing difficulties finding good takeover targets, causing its cash pile to swell to a record $167.6 billion
- Chinese EV maker Li Auto posted strong Q4 results, with earnings surging 1,400%, though its Q1 guidance missed views
- Ollie's Bargain Outlet and Dream Finders Homes broke out past buy points, while Qualcomm moved toward a potential entry
- Tesla and Nvidia led the "Magnificent Seven," while Google-parent Alphabet lagged most, falling over 4% amid AI controversies