When billionaire investor Warren Buffett speaks Wall Street listens and his purchase of shares in JPMorgan Chase & Co. (JPM) and Oracle Corp. (ORCL) have those stocks jumping Thursday, Nov. 15.
Shares of JPMorgan were up 0.5% in morning trading after Buffett’s Berkshire Hathaway Inc. (BRK.A) disclosed a new stake of 35.66 million shares, or 1.1% of all of the bank’s outstanding shares.
Shares of Oracle rose 1.1% after Berkshire Hathaway bought 41 million shares of the software company worth $2.1 billion.
