Warren Buffett Gets Richer In Bull Market. Thanks To Trump's Win; Top 3 Stocks Fetch $8 Bn Gains In 1-Day

Its raining money in the US market as investors cheered the historic victory of Donald Trump in the US Presidential election. Wall Street is in a massive record rally with Dow Jones, S&P 500 and Nasdaq hitting fresh lifetime highs. The dollar is up, so are treasury yields, and so is the wealth of big billionaires like Elon Musk, Mark Zuckerberg and Jeff Bezos as their holding stocks are rallying. There is one investor who wins big too in 1-day. Who? It's none other than Warren Buffett, the Oracle of Omaha also known as a market mogul.

Broadly, Warren Buffett's portfolio is trending up. However, the ace investor's top 3 stocks have fetched him more than $8 billion in returns on November 6, 2024, Wednesday. These are - Apple Inc., Bank Of America Corp, and American Express Co.

Apple Inc Stock Price:

As much as 1.2% gains were seen in iPhone maker Apple to hit an intraday high of $226.06 apiece on November 6th. This is compared to its closing price of $223.45 apiece on the election voting on November 5.

As of now, Buffett holds 400,000,000 equity shares of Apple. Here's how much he gained in a single day.

Buffet's holding:

November 6 Intraday Price: 400,000,000 X 226.06 = holding value of $90.424 billion.

Previous Closing Price: 400,000,000 x 223.45 = $89.38 billion.

In 1-day, gains in Apple stood at $1.044 billion.

Apple is currently the second largest company in the world, with M-cap of $3.383 trillion. It has held the title of the most-valued company in the post. The American multinational corporation and technology company became the first publicly traded U.S. company valued at over $1 trillion in 2018. The company has high brand loyalty for its products.

Apple's share price has split on numerous occasions. As per the Investor Relation data of the company, Apple's stock has split five times since the company went public. The stock split on a 4-for-1 basis on August 28, 2020, a 7-for-1 basis on June 9, 2014, and split on a 2-for-1 basis on February 28, 2005, June 21, 2000, and June 16, 1987.

YTD, Apple stock is up by 21%.

2. Bank Of America Stock:

Although, Apple is the largest holding of Buffett in terms of value, he holds the highest number of shares in Bank of America which outperformed in his top 3 stocks. On November 6, Bank of America stock touched a new high of $45.55 apiece, which has risen by 8.76% from its previous day's price of $41.88.

The Berkshire Hathaway founder has 1,032,852,006 equity shares of Bank of America currently.

Buffett Holding Gains:

November 6 Intraday Price: 1,032,852,006 X Rs 45.55 = holding value of $47.046 billion.

November 5 Closing Price: 1,032,852,006 X Rs 41.88 = $43.558 billion.

His gains in Bank of America came in at $3.790 billion in a single day.

Bank of America is one of the world's leading financial institutions, serving individuals, small- and middle-market businesses, large corporations, and governments with a full range of banking, investment management and other financial and risk management products and services.

Currently, Bank of America's market cap is around $346.85 billion. YTD, the stock zoomed by 34%.

3. American Express Stock:

Buffett's in American Express is up to 151,610,700 equity shares as of now. On November 6, American Express stock advanced by 7.6% to hit an intraday high of $296.83 apiece. The previous day's closing price was at $275.94 apiece.

Buffett's Holding Gains:

November 6 Intraday Price: 151,610,700 X $296.83 = Holding value at $45.002 billion.

November 5 Closing Price: 151,610,700 x $275.94 apiece = $41.38 billion.

His gains in a single-day in American Express stood at $3.167 billion.

American Express is a globally integrated payments company, providing customers with access to products, insights and experiences that enrich lives and build business success.

The company's market cap is around $207.55 billion. YTD, the stock surged by 57% so far.

Together, Buffett gained by up to $8 billion in these three stocks due to their record rally on November 6.

Warren Buffett Portfolio	Holding	Intraday High On Nov 6 (Rs Per Share)	Closing Price On Nov 5 (Rs Per Share)	Gains In 1 Day
Apple Inc	400,000,000	226.06	223.45	1.17
Bank Of America Corp	1,032,852,006	45.55	41.88	8.76
American Express Co	151,610,700	296.83	275.94	7.57

As per Trendlyne data, Warren Buffett publicly holds 37 stocks with a net worth of over $ 306 billion. Further, data from Tip Ranks showed that Buffett's portfolio's average returns is about 25.6% in 12 months. while the gains were about 117% since January 2016.

Warren Edward, is an American businessman, investor, and philanthropist who currently serves as the chairman and CEO of Berkshire Hathaway. As a result of his investment success, Buffett is one of the best-known investors in the world.