Morning After the Tech Sell-off, “Buffett Effect” As HP Surges on Berkshire Stake, Shell Issues a $5B Russia Warning and Big Oil Execs Grilled on High Gas Prices 4/7/22
After two days of stock market declines fueled by Fed-related news, Jim Cramer and David Faber discussed how investors should navigate the tech sector slump following Wednesday's Nasdaq sell-off. On the flip side, the anchors explored what to make of Warren Buffett's big bet on HP Inc.: The stock surged after Berkshire Hathaway disclosed an 11% stake in the personal computer and printer maker. Also in focus: Fed's Bullard on inflation and hiking interest rates, Shell said it sees a Q1 write-down of up to $5 billion due to its pullout from Russia, what the CEOs of Exxon Mobil and Chevron said at a House subcommittee hearing on high gasoline prices, plus the biggest movers -- including what Conagra and Levi Strauss are telling us about the consumer.