Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Berkshire Hathaway shares jump after Buffett's conglomerate reports soaring profits
Berkshire Hathaway shares jump after Buffett’s conglomerate reports soaring profits
• J.P. Morgan reiterates its overweight rating for Berkshire Hathaway shares, citing the company’s strong performance across many of its businesses.
• The conglomerate posted June quarter operating profit of $4,190 per Class A share versus the Thomson Reuters consensus of $3,387 per share.
Tae Kim | @firstadopter
Published 5 Hours Ago Updated 47 Mins Ago
Berkshire Hathaway Class B shares are jumping after Warren Buffett's company reported better-than-expected profits for its second quarter.
The conglomerate posted June quarter operating profits of $4,190 per Class A share, up 67 percent year over year and higher than the analyst consensus of $3,387 per share, according to Thomson Reuters.
J.P. Morgan reiterated its overweight rating for Berkshire Hathaway shares, citing the company's strong performance across many of its businesses.
....
• J.P. Morgan reiterates its overweight rating for Berkshire Hathaway shares, citing the company’s strong performance across many of its businesses.
• The conglomerate posted June quarter operating profit of $4,190 per Class A share versus the Thomson Reuters consensus of $3,387 per share.
Tae Kim | @firstadopter
Published 5 Hours Ago Updated 47 Mins Ago
Berkshire Hathaway Class B shares are jumping after Warren Buffett's company reported better-than-expected profits for its second quarter.
The conglomerate posted June quarter operating profits of $4,190 per Class A share, up 67 percent year over year and higher than the analyst consensus of $3,387 per share, according to Thomson Reuters.
J.P. Morgan reiterated its overweight rating for Berkshire Hathaway shares, citing the company's strong performance across many of its businesses.
....
At one point during the day, the Class A shares were up over $8,000 per share.
Full disclosure: I don't own a bit of it. I once toyed, years ago, with buying one share. It would have been a good investment.
Also:
Warren Buffett’s growing cash pile and the big read-in for investors
Published: Aug 6, 2018 12:20 p.m. ET
Watch out when the ‘ultimate contrarians’ are sitting on the sidelines, says AJ Bell investment director
By BARBARA KOLLMEYER
MARKETS REPORTER
The latest results from Berkshire Hathaway Inc. show that the Oracle of Omaha has plenty of cash sloshing around.
And that could be a warning sign for a bull market that’s pushing ever higher, as well as clear evidence that Berkshire BRK.A, +2.57% BRK.B, +3.01% Chairman Warren Buffett is having a tough time putting the conglomerate’s money to work, according to Russ Mould, investment director at AJ Bell, which provides online investment platforms and stockbrokerage services.
“Yet another increase in the total cash pile at his Berkshire Hathaway, to $129.6 billion, despite $12 billion in net new investments in traded securities in the second quarter (mainly Apple AAPL, +0.40% ), suggests that master investor Warren Buffett is still having difficulty in finding value in U.S. — and perhaps global — stocks,” Mould said in a note to clients on Monday.
Read: Profit surges at Buffett’s Berkshire Hathaway in the second quarter
Published: Aug 6, 2018 12:20 p.m. ET
Watch out when the ‘ultimate contrarians’ are sitting on the sidelines, says AJ Bell investment director
By BARBARA KOLLMEYER
MARKETS REPORTER
The latest results from Berkshire Hathaway Inc. show that the Oracle of Omaha has plenty of cash sloshing around.
And that could be a warning sign for a bull market that’s pushing ever higher, as well as clear evidence that Berkshire BRK.A, +2.57% BRK.B, +3.01% Chairman Warren Buffett is having a tough time putting the conglomerate’s money to work, according to Russ Mould, investment director at AJ Bell, which provides online investment platforms and stockbrokerage services.
“Yet another increase in the total cash pile at his Berkshire Hathaway, to $129.6 billion, despite $12 billion in net new investments in traded securities in the second quarter (mainly Apple AAPL, +0.40% ), suggests that master investor Warren Buffett is still having difficulty in finding value in U.S. — and perhaps global — stocks,” Mould said in a note to clients on Monday.
Read: Profit surges at Buffett’s Berkshire Hathaway in the second quarter
1 replies
= new reply since forum marked as read
= new reply since forum marked as read
