Markets were down this week as the European economy showed increasing signs of deterioration and a U.S. payroll report points to another sluggish period for the economic recovery.
On Tuesday Research In Motion unveiled its crucial BlackBerry 10 software and the stock has dropped roughly 15% since to hit an 8 year low of $11.77. In 2008, RIM was worth more than the Royal Bank of Canada’s with a share price peaking around $148.
On Wednesday Whole Foods (or Whole Paycheck as some people call it) reported second quarter results and sales for the quarter increased 14% to $2.7 billion. The stock is up 50% this year and is rated a “strong buy” by most analysts.
The Super Bowl of investing is happening this weekend. The Berkshire Hathaway annual meeting – hosted by 81-year-old Warren Buffett – is a private event open exclusively to shareholders and select media. Buffett’s disclosure that he has prostate cancer has again raised the question of who will eventually succeed the world’s most successful investor at Berkshire Hathaway.
Full coverage of the event: The Motley Fool – Berkshire Hathaway 2012 Annual Meeting