{"id":184937,"date":"2020-08-17T23:42:00","date_gmt":"2020-08-17T23:42:00","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=184937"},"modified":"2020-08-17T23:42:00","modified_gmt":"2020-08-17T23:42:00","slug":"buffet-buys-barrick-oil-rallies","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/buffet-buys-barrick-oil-rallies\/","title":{"rendered":"Buffet buys Barrick, oil rallies"},"content":{"rendered":"<p>Markets began the week breaking new highs on the Nasdaq and coming within a hair for the S&amp;P. The Nasdaq rallied 1% to close at 11,129 while the S&amp;P rose 0.27%. The Dow, in contrast, shed 0.31%, though the TSX climbed 0.86% on the strength of rising oil prices. A barrel of WTI rose 1.8% and WCS leapt by 3%.<\/p>\n<p>Oily names like <a href=\"https:\/\/stockchase.com\/company\/view\/1571\/CPG-T\">Crescent Point<\/a> gained 3%, but striking it rich Monday were Barrick shareholders. The gold stock soared 11.32% after Warren Buffet revealed that he had bought 20.9 million shares in Q2 or 1.2% of all shares. Minerals lead the Toronto index, spiking 5.32% with names like <a href=\"https:\/\/stockchase.com\/company\/view\/4266\/MOZ-T\">Marathon Gold<\/a> popping 15%.<\/p>\n<p>Financials showed weakness on both sides of the border. <a href=\"https:\/\/stockchase.com\/company\/view\/680\/JPM-N\">JP Morgan<\/a> closed -2.64%. Industrials like <a href=\"https:\/\/stockchase.com\/company\/view\/126\/BA-N\">Boeing<\/a> finished -3.41%. As mentioned, tech rallied with <a href=\"https:\/\/stockchase.com\/company\/view\/894\/NVDA-Q\">Nvidia<\/a> gaining 6.68% and <a href=\"https:\/\/stockchase.com\/company\/view\/5131\/PYPL-Q\">PayPal<\/a> up 2.25%. Travel and leisure stocks continue to sing the blues. <a href=\"https:\/\/stockchase.com\/company\/view\/4769\/AAL-Q\">American Airlines<\/a> plunged 5.33%. Market sentiment is split between assuming that rally will continue and fears of complacency. The bulls expect the latest stimulus bill to pass, but U.S. <a href=\"https:\/\/www.cnbc.com\/2020\/08\/17\/congress-adjourns-for-summer-without-plan-for-second-stimulus.html\" target=\"_blank\" rel=\"noopener\">Congress<\/a> has just adjourned for the rest of the month without agreeing on a stimulus bill, leaving millions of Americans wondering how they&#8217;ll pay their bulls.<\/p>\n<p>&#x1f6e2; <a href=\"https:\/\/stockchase.com\/company\/view\/1571\/CPG-T\">Crescent Point Energy Corp<\/a> +3%<br \/>\n&#x1f947; <a href=\"https:\/\/stockchase.com\/company\/view\/4266\/MOZ-T\">Marathon Gold Corp<\/a> +15%<br \/>\n&#x1f3db; <a href=\"https:\/\/stockchase.com\/company\/view\/680\/JPM-N\">JP Morgan Chase &amp; Co<\/a> -2.64%<br \/>\n&#x1f6eb; <a href=\"https:\/\/stockchase.com\/company\/view\/126\/BA-N\">Boeing<\/a> -3.41%<br \/>\n&#x1f4be; <a href=\"https:\/\/stockchase.com\/company\/view\/894\/NVDA-Q\">Nvidia Corp<\/a> +6.68%<br \/>\n&#x1f4b3; <a href=\"https:\/\/stockchase.com\/company\/view\/5131\/PYPL-Q\">PayPal Holdings Inc.<\/a> +2.25%<br \/>\n&#x1f6eb; <a href=\"https:\/\/stockchase.com\/company\/view\/4769\/AAL-Q\">American Airlines Group<\/a> -5.33%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Markets began the week breaking new highs on the Nasdaq and coming within a hair for the S&amp;P. The Nasdaq rallied 1% to close at 11,129 while the S&amp;P rose 0.27%. The Dow, in contrast, shed 0.31%, though the TSX [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":174836,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"cwp_meta_box_check":"No","cwp_rev_product_name":"","cwp_rev_product_image":"","wppr_links":[],"cwp_rev_price":"","wppr_options":[],"wppr_pros":[],"wppr_cons":[],"footnotes":""},"categories":[178],"tags":[],"class_list":["post-184937","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily"],"wppr_data":{"cwp_meta_box_check":"No"},"_links":{"self":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/184937","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/comments?post=184937"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/184937\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media\/174836"}],"wp:attachment":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media?parent=184937"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=184937"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=184937"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}