Stock Track | Pool Corp Stock Surges 6.3% as Warren Buffett Initiates New Position

Stock Track

Nov 15, 2024

Shares of Pool Corporation (POOL) climbed over 6% in pre-market trading on Friday, following the disclosure that legendary investor Warren Buffett's Berkshire Hathaway (BRK.B) initiated a new position in the company during the third quarter of 2024.

According to Berkshire's 13F filing, the conglomerate purchased approximately 404,000 shares of Pool Corp., a distributor of swimming pool supplies and related products, valued at around $152 million as of September 30th.

The move by Buffett appears to signal confidence in Pool Corp.'s prospects, despite the company facing soft demand for new pool construction amid macroeconomic pressures. In its latest quarterly report, Pool Corp. noted that demand for non-discretionary repair and maintenance services for existing pools partially offset the weaker new pool sales.

Investors often view Buffett's investments as a vote of confidence, given his long-term value-oriented investment approach and Berkshire's extensive due diligence processes. The news sparked speculation that Buffett may see potential for a rebound in the pool industry or opportunities for Pool Corp. to capitalize on any changes in consumer spending habits.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/1144687403"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1144687403\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/1144687403?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-15 16:38","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1144687403","market":"us","top_or_hot":-1,"title":"Stock Track | Pool Corp Stock Surges 6.3% as Warren Buffett Initiates New Position","media":"Stock Track","content":"<p>Shares of Pool Corporation (POOL) climbed over 6% in pre-market trading on Friday, following the disclosure that legendary investor Warren Buffett's Berkshire Hathaway (BRK.B) initiated a new position in the company during the third quarter of 2024.</p>\n\n<p>According to Berkshire's 13F filing, the conglomerate purchased approximately 404,000 shares of Pool Corp., a distributor of swimming pool supplies and related products, valued at around $152 million as of September 30th.</p>\n\n<p>The move by Buffett appears to signal confidence in Pool Corp.'s prospects, despite the company facing soft demand for new pool construction amid macroeconomic pressures. In its latest quarterly report, Pool Corp. noted that demand for non-discretionary repair and maintenance services for existing pools partially offset the weaker new pool sales.</p>\n\n<p>Investors often view Buffett's investments as a vote of confidence, given his long-term value-oriented investment approach and Berkshire's extensive due diligence processes. The news sparked speculation that Buffett may see potential for a rebound in the pool industry or opportunities for Pool Corp. to capitalize on any changes in consumer spending habits.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Pool Corp Stock Surges 6.3% as Warren Buffett Initiates New Position</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Pool Corp Stock Surges 6.3% as Warren Buffett Initiates New Position\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2024-11-15 16:38</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Shares of Pool Corporation (POOL) climbed over 6% in pre-market trading on Friday, following the disclosure that legendary investor Warren Buffett's Berkshire Hathaway (BRK.B) initiated a new position in the company during the third quarter of 2024.</p>\n\n<p>According to Berkshire's 13F filing, the conglomerate purchased approximately 404,000 shares of Pool Corp., a distributor of swimming pool supplies and related products, valued at around $152 million as of September 30th.</p>\n\n<p>The move by Buffett appears to signal confidence in Pool Corp.'s prospects, despite the company facing soft demand for new pool construction amid macroeconomic pressures. In its latest quarterly report, Pool Corp. noted that demand for non-discretionary repair and maintenance services for existing pools partially offset the weaker new pool sales.</p>\n\n<p>Investors often view Buffett's investments as a vote of confidence, given his long-term value-oriented investment approach and Berkshire's extensive due diligence processes. The news sparked speculation that Buffett may see potential for a rebound in the pool industry or opportunities for Pool Corp. to capitalize on any changes in consumer spending habits.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"POOL","symbol_name":"Pool Corporation","start_time":0,"source_url":"","article_id":"1144687403","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1144687403","pubTimestamp":1731659938,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Pool Corporation  climbed over 6% in pre-market trading on Friday, following the disclosure that legendary investor Warren Buffett's Berkshire Hathaway  initiated a new position in the company during the third quarter of 2024.According to Berkshire's 13F filing, the conglomerate purchased approximately 404,000 shares of Pool Corp., a distributor of swimming pool supplies and related products, valued at around $152 million as of September 30th.The move by Buffett appears to signal confi","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"POOL":"Pool Corporation"},"translate_title":"随着沃伦·巴菲特启动新头寸，Stock Track Pool Corp股价飙升6.3%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"POOL":1},"content_text":"Shares of Pool Corporation (POOL) climbed over 6% in pre-market trading on Friday, following the disclosure that legendary investor Warren Buffett's Berkshire Hathaway (BRK.B) initiated a new position in the company during the third quarter of 2024.\nAccording to Berkshire's 13F filing, the conglomerate purchased approximately 404,000 shares of Pool Corp., a distributor of swimming pool supplies and related products, valued at around $152 million as of September 30th.\nThe move by Buffett appears to signal confidence in Pool Corp.'s prospects, despite the company facing soft demand for new pool construction amid macroeconomic pressures. In its latest quarterly report, Pool Corp. noted that demand for non-discretionary repair and maintenance services for existing pools partially offset the weaker new pool sales.\nInvestors often view Buffett's investments as a vote of confidence, given his long-term value-oriented investment approach and Berkshire's extensive due diligence processes. The news sparked speculation that Buffett may see potential for a rebound in the pool industry or opportunities for Pool Corp. to capitalize on any changes in consumer spending habits.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}