Category: Stock

The Nasdaq Composite Index plunged 4% on March 10, marking its biggest drop in 2.5 years as recession fears intensified.
The Dow Jones Industrial Average (-2.08%) and the S&P 500 (-2.7%) also saw significant losses, while Bitcoin (BTC) slipped back to the $79K range.

※ What’s causing this market crash?
Investors panicked after President Donald Trump hinted at a possible economic recession, saying he “does not rule it out.”

■ Nasdaq Plummets 4% – Tech Stocks Hit Hard!

▼ On March 10, the Nasdaq Composite Index closed at 17,468.32, down 4.0% from the previous session.
▼ Largest single-day drop since September 13, 2022
▼ Down 13.4% from its all-time high of 20,173.89 (Dec 16, 2024)

● Biggest tech stock losers
• Tesla (TSLA): -15.43%
• Nvidia (NVDA): -5.07%
• Palantir Technologies (PLTR): -10.05%
• Broadcom (AVGO): -5.39%
• Philadelphia Semiconductor Index (SOX): -4.85%

● The market was already declining last week (March 4-8):
✔️ S&P 500: -3.1% (biggest weekly drop since September 2024)
✔️ Dow Jones: -2.4%
✔️ Nasdaq: -3.5%

■ Did Trump’s Comments Spark the Market Panic?

● Donald Trump (March 9, Fox News Interview):
• “I am doing very important work… but a transition period is necessary.“
• Investors saw this as Trump not ruling out a recession, fueling uncertainty.

●White House National Economic Council (NEC) Chair Kevin Hassett (CNBC Interview):
• “We are considering the possibility of a GDP decline in Q1. It would be a temporary issue.“

※ Market analysts fear Trump’s policies might trigger a “Trump Session” (Trump-driven recession).

■ Bitcoin & Crypto Stocks Plunge as Well

●Bitcoin drops back to $79K
• As of March 11, 7:10 AM (ET), BTC is trading at $79,390

●Crypto-related stocks also took a massive hit:
• MicroStrategy (MSTR): -16.7% ($239.27)
• Coinbase (COIN): -17.6%

※ Why is crypto falling?
 Trump’s administration included Bitcoin in its Strategic Reserve, but only from government-seized assets – disappointing crypto investors.

■ Conclusion: Where is the Market Headed?

• Nasdaq crashes 4% – biggest single-day drop in 2.5 years
• Trump hints at recession → market panic spreads
• Bitcoin & crypto stocks plunge alongside tech stocks
• Future market direction depends on upcoming economic data & Trump’s policies

§ Will the market rebound, or is a deeper correction coming? Investors must stay alert!

Buffett’s Singular Focus on One Stock

Legendary investor Warren Buffett has consistently purchased stocks over the past few years. Many investors closely follow his moves, and most assume that his top investment is Berkshire Hathaway. However, there is one more stock that Buffett has continuously bought over 10 out of the last 13 quarters. That stock is Occidental Petroleum (OXY).

A Multi-Year Buying Frenzy

Buffett has been net-selling stocks for the past nine consecutive quarters. However, he has made an exception for one stock—Occidental Petroleum, a major oil and gas producer.
Occidental Petroleum (OXY) was initially acquired by Buffett in Q3 2019, but he exited his position in Q2 2020. However, starting in Q1 2022, Buffett began repurchasing Occidental aggressively and has continued accumulating shares since.
On February 7, 2025, Berkshire Hathaway disclosed another regulatory filing revealing yet another purchase of Occidental shares. As of now, Berkshire owns 264.9 million shares, valued at approximately $13 billion (~17 trillion KRW), making it the sixth-largest holding in Berkshire’s portfolio.

Why Does Buffett Favor Occidental Petroleum?

Buffett has multiple reasons for his strong confidence in Occidental. In an April 2023 CNBC interview, he praised Occidental Petroleum’s CEO, Vicki Hollub, stating that she “understands oil.”
A major factor influencing Buffett’s investment decision is Occidental’s commitment to carbon capture and storage (CCS) technology. With carbon emissions being a global concern, Occidental’s leadership in this sector has drawn Buffett’s attention.
In early 2024, Buffett reiterated in Berkshire Hathaway’s annual shareholder letter:
“We particularly like Occidental’s vast oil and gas reserves in the U.S. and its leadership in carbon capture technology.”

Energy Independence and Occidental’s Role

Buffett has emphasized that advancements in shale oil extraction technology have enabled the U.S. to achieve a level of energy independence. Occidental Petroleum plays a crucial role in this transformation and is positioned to maintain long-term stability in the industry.

Occidental Petroleum Stock Performance

Here is a recent snapshot of Occidental Petroleum Corp. (OXY) stock performance:

● Current Price: $48.84
● Price Change: +0.20000 (+0.41%)
● Day High: $48.92
● Day Low: $47.79
● Trading Volume: 12,687,888 shares
● Latest Trading Time: March 1, 2025 – 01:19 UTC

Key Takeaways

1️⃣ Buffett has consistently accumulated Occidental Petroleum stock over the past few years.
2️⃣ Occidental holds significant U.S. oil and gas reserves and is a leader in carbon capture technology.
3️⃣ Berkshire Hathaway currently owns 28.2% of Occidental, with the potential to increase ownership up to 50%.
4️⃣ Occidental remains undervalued, presenting strong long-term growth potential.