Maranello (Italy), November 27, 2023 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) informs that the Company has purchased, under the Euro 350 million share buyback program announced on November 7, 2023, as the fourth tranche of the multi-year share buyback program of approximately Euro 2 billion expected to be executed by 2026 in line with the disclosure made during the 2022 Capital Markets Day (the “Fourth Tranche”), the additional common shares - reported in aggregate form, on a
Three great stocks that exemplify these particular lessons are Ferrari (NYSE: RACE), with its 64% gain over the past year, Transocean (NYSE: RIG) and its 49% jump, and General Electric's (NYSE: GE) 72% rise. One of the top-performing auto companies in the world over the past year is Ferrari, and it's not because the company is transitioning to electric vehicles (EVs) or adding products in new markets. You can see below that Ferrari's operating margin is second to none in the auto industry and they're not declining like some competitors.
Warren Buffett's Berkshire Hathaway holds many excellent long-term investments. There are many stocks Buffett is fond of that aren't in Berkshire's portfolio, including Microsoft (NASDAQ: MSFT) and Ferrari (NYSE: RACE). One company that seems as though it should be a slam-dunk Buffett stock is Microsoft.