Don Dion is the publisher of the Fidelity Independent Adviser (http://www.fidelityadviser.com/) family of newsletters, which provides to a broad range of investors Don’s commentary on the financial markets, with a specific emphasis on mutual funds and exchange-traded funds. With more than... More
Warren Buffett's $34 billion purchase of Burlington Northern Santa Fe (BNI) sent the transports up 4.5% at the open Tuesday, and iShares Dow Jones U.S. Transportation Index (IYT) up 4.7%. At 11.38% of IYT as of yesterday's close, BNI is the largest holding in the ETF.
Shares of BNI gained more than 28%, and with the deal valued at $100 per share, shares have only about 3% more to go. BNI's advance accounts for nearly 3% of IYT's gain, and the halo effect lifted…READ MORE
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Buffett's BNI Buy Boosts Transports ETF 0 comments
Shares of BNI gained more than 28%, and with the deal valued at $100 per share, shares have only about 3% more to go. BNI's advance accounts for nearly 3% of IYT's gain, and the halo effect lifted…READ MORE
To access my special Market Outlook for 2010 report, click here
Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.
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