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U.S. stocks ended higher on Monday as increases in large tech and internet companies and oil price gains outweighed concerns about the latest U.S.-China tensions and downbeat sentiment from the annual meeting of Warren Buffett's Berkshire Hathaway.

U.S. stocks ended higher on Monday as increases in large tech and internet companies and oil price gains outweighed concerns sparked by fresh U.S.-China tensions and downbeat sentiment from the annual meeting of Warren Buffett's Berkshire Hathaway.

Technology stocks were finishing near their Monday session highs, with the SPDR Technology Select Sector ETF advancing 1.2% although the Philadelphia Semiconductor Index was climbing 0.6% this afternoon.

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Last week ended with two days of losses, and those losses have extended into this week, as the Dow Jones Industrial Average continues to slide.

Apple (NASDAQ: AAPL) is continuing its streak of launching new products amid the COVID-19 pandemic, announcing a new 13-inch MacBook Pro. 

Apple (NASDAQ: AAPL) is continuing its streak of launching new products amid the COVID-19 pandemic, announcing a new 13-inch MacBook Pro. 

InvestorPlace - Stock Market News, Stock Advice & Trading Tips

Technology stocks were scratching out small gains, with the SPDR Technology Select Sector ETF Monday advancing 0.2% although the Philadelphia Semiconductor Index was slipping 0.6% in recent trade.

The S&P 500 and Dow Jones dropped for the third session on Monday following a U.S.-China spat over the origins of the coronavirus outbreak and billionaire Warren Buffett's Berkshire Hathaway's move to dump stakes in major U.S. airlines.

The COVID-19 crisis has made it tough for companies with low cash reserves, negative cash flows, and high debt levels to survive. Meanwhile, companies that have plenty of cash and little debt should weather the storm and rebound after the crisis ends.

The COVID-19 crisis has made it tough for companies with low cash reserves, negative cash flows, and high debt levels to survive. Meanwhile, companies that have plenty of cash and little debt should weather the storm and rebound after the crisis ends.

The COVID-19 crisis has made it tough for companies with low cash reserves, negative cash flows, and high debt levels to survive. Meanwhile, companies that have plenty of cash and little debt should weather the storm and rebound after the crisis ends.

InvestorPlace - Stock Market News, Stock Advice & Trading Tips

InvestorPlace - Stock Market News, Stock Advice & Trading Tips

The last two months have truly been a tale of two different markets. For a five-week period between February 19 and March 23, fear and uncertainty surrounding the coronavirus disease 2019 (COVID-19) pandemic gripped Wall Street and ultimately sent the benchmark S&P 500 lower

The following are the top rated Technology stocks according to Validea's Patient Investor model based on the published strategy of Warren Buffett. This strategy seeks out firms with long-term, predictable profitability and low debt that trade at reasonable valuations.

Credit has to be given where its due. Apple (NASDAQ: AAPL) managed to grow some business lines during a first calendar quarter riddled with coronavirus-related headwinds. And the lines that contracted likely did so only because consumers were physically unable to get to a produc

Billionaire investor Warren Buffett’s Berkshire Hathaway (BRK.A) reported an almost $50 billion loss in the first quarter as the value of its stock holdings portfolio was hit hard by the coronavirus-induced capital market sell-off.

Berkshire’s first-quarter net loss amounted to $49.75 billion, or $30,653 per Class A share compared with a $21.66 billion profit, or $13,209 per share during the same period last year. Incurred investment loss on stocks and other investments amounted to $54.52 billion as the S&P 500 Index plunged 20% in the first quarter.

“As efforts to contain the spread of the Covid-19 pandemic accelerated in the second half of March and continued through April, most of our businesses were negatively affected, with the effects to date ranging from relatively minor to severe,” the company said in a regulatory filing on Saturday.

Berkshire reported $6.1 billion of net equities sales in April compared with the $1.8 billion of net stock purchases it made the first three months of the year. The proceeds from these activities have been primarily reinvested in U.S. Treasury Bills, the company said. It also said it repurchased $1.7 billion of its own stock in the first quarter.

The investment conglomerate has stakes in financial firms including Bank of America (BAC) and American Express (AXP) and other major conglomerates ranging from Apple Inc. (AAPL), Coca-Cola (KO) to Kraft Heinz (KHC).

“Several of our businesses deemed essential have continued to operate, including our railroad, utilities and energy, insurance and certain of our manufacturing, distribution and service businesses. However, revenues of these businesses have slowed considerably in April," Berkshire said. “Other businesses, including several of our retailing businesses and certain manufacturing and service businesses are being severely impacted due to closures of facilities where crowds can gather, such as retail stores, restaurants, and entertainment venues."

Berkshire owns 26.6% of the outstanding shares of Kraft Heinz (KHC). The stock has plunged as much as 37% in the first quarter and closed at $29.38 in U.S. trading on Friday.

Wall Street analysts have a Hold consensus rating on the company’s stock based on 14 Holds, 2 Buys and 1 Sell. The $30.41 average price target indicates a mere 3.5% upside potential in the coming year. (See Kraft Heinz stock analysis on TipRanks). 

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