|Bid||205.73 x 1300|
|Ask||206.29 x 800|
|Day's Range||203.98 - 206.46|
|52 Week Range||184.75 - 224.07|
|Beta (3Y Monthly)||0.86|
|PE Ratio (TTM)||18.92|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||241.67|
Apple (AAPL) is Berkshire Hathaway’s biggest holding, according to recent filings. Apple stock has risen almost 24% this year. Despite Apple’s strong returns, Berkshire Hathaway stock has sagged.
In Warren Buffett's 2018 annual letter, he termed the “many dozens of non-insurance businesses that Berkshire controls (usually with 100% ownership and never with less than 80%)” as the company’s “most valuable grove.”
Berkshire Hathaway (BRK-B) has gained 3.1% in June based on the closing prices on June 17. However, Berkshire Hathaway's recent performance hasn’t been that great.
Berkshire Hathaway Inc NYSE:BRK.BView full report here! Summary * Perception of the company's creditworthiness is positive * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low * Economic output for the sector is expanding but at a slower rate Bearish sentimentShort interest | PositiveShort interest is extremely low for BRK.B with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting BRK.B. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding BRK.B are favorable, with net inflows of $9.06 billion. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing. Credit worthinessCredit default swap | PositiveThe current level displays a positive indicator. BRK.B credit default swap spreads are near the lowest level of the last three years and indicate the market's continued positive perception of the company's credit worthiness.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Berkshire Hathaway Inc. (BRK.B) closed at $203.48 in the latest trading session, marking a -0.82% move from the prior day.
The Zacks Analyst Blog Highlights: Berkshire Hathaway, salesforce, Danaher, Halliburton and American Airlines
It's an odd development to say the least, but a development nonetheless. Federal judge Richard Leon is attempting to prevent the merger of drugstore chain CVS Health (NYSE:CVS) and health insurer Aetna, even though the merger has already been consummated, with Aetna's value being folded into the price of CVS stock in late November.Source: Mike Mozart via FlickrAlthough rare, companies have been forced to unwind completed mergers before. They've never been forced to do so using Tunney Act proceedings, however, and legal experts doubt Leon's efforts will gain much traction.They could prove to be a drag on the CVS story, however, which is already lugging around too much dead weight.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Stocks to Buy That Wall Street Expects to Soar for the Rest of 2019 Healthcare Mergers Are CommonIt's not the first melding of unlike healthcare organizations we've seen of late. Cigna (NYSE:CI) now owns Express Scripts, and HCA Healthcare (NYSE:HCA) has completed its purchase of Asheville, North Carolina's Mission Health. Even Amazon.com (NASDAQ:AMZN), JPMorgan Chase (NYSE: JPM) and Berkshire Hathaway (NYSE:BRK.B) are teaming up to create a new healthcare outfit intended to cost-effectively serve all three organizations' employees.The common thread among these and dozens of other similar partnerships, of course, is an effort to combat the rising costs of providing healthcare. In most instances, the pairings were allowed to take shape with little fanfare.For reasons that remain mostly unclear, however, this particular deal has prompted a judicial pushback. District Judge Richard Leon's Merger HistoryThe name Richard Leon may ring a bell with some investors. The U.S. district judge is the same that oversaw the Department of Justice's effort to quell the merger of AT&T (NYSE:T) and Time Warner.Leon was largely criticized following his ruling, not just for allowing it to take shape, but for allowing it to take shape without adding any conditions.That's not his only controversial case, however. Indeed, Leon has left a trail of controversial (and often overturned) rulings behind in his career, including politically-charged ones.And, while it would be easy to chalk the judge up as a politically-motivated hack, it would also be unfair; he's proven helpful to not just both political parties, but both philosophical schools of thought. The AT&T deal with Time Warner raises many of the same concerns being raised by the union of Aetna and CVS.The crux of the still-unanswered question is the consent decree that calls for CVS to sell its Medicare Part D business to WellCare Health Plans (NYSE:WCG), while still remaining WellCare's pharmacy benefits manager. Leon's concern "is whether or not the pharmaceuticals will be [offered to WellCare customers] at a lower price and whether they're going to be more readily accessible."Still, to kill the deal at this point would step far out of the bounds of the consent decree process as it's been established. It would also step out of the accepted bounds of Tunney Act hearings. At best, says former DOJ antitrust attorney Andrea Agathoklis Murino, Leon "can say the remedy was insufficient," forcing CVS to do more than simply shed its Medicare D arm. Bottom Line for CVS StockThe development makes for thrilling headlines, though Leon's lacking legal teeth if his intent is to undo what's already been done. All the same, the renewed court battle which could last well into the summer not only serves as a nuisance but keeps shareholders uncertain as to what the company may look like a year from now. That, in turn, is keeping the value of an already-beaten-down CVS stock suppressed.What's largely being overlooked in the legal melee, however, is that such a worst-case scenario has already been more than priced in.As of its most recent look, CVS stock is trading at a dirt cheap forward-looking P/E ratio of 7.6. Even if Aetna and CVS are forced to completely split again, which is unlikely, CVS remains one of the top remaining players in the pharmacy and PBM space, if for no other reason than attrition of its rivals. The more plausible outcome of a deeper separation of its Medicare business, ultimately, could prove to go unnoticed by investors.It's certainly a trade against the current grain but surrounded by doubts and questions, CVS stock looks like a compelling contrarian trade here for investors willing to hunker down for the long haul.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 10 Stocks to Buy That Wall Street Expects to Soar for the Rest of 2019 * 7 Value Stocks That Are Flying Under the Radar * 6 Mouth-Watering Fast Food Stocks for Growth Investors Compare Brokers The post Aetna Uncertainty Is Keeping CVS Stock Way Undervalued appeared first on InvestorPlace.
With patience and skill, Blackstone Group CEO Stephen Schwarzman helped build an alternative-investment powerhouse that soon will be available to a much larger universe of investors.
If you're interested in making money in the market, you could do far worse than to seek out the types of companies that the world's greatest living investor likes to buy.
Warren Buffett's rules of success are time-tested. Following them no matter what — even on the golf course — turned him into one of the richest people in the world.
Warren Buffett of Berkshire Hathaway says it’s “probably the best single measure of where valuations stand at any given moment.” The “Buffett Yardstick,” as longtime money manager Jesse Felder of the Felder Report calls it, plots the total value of the stock market against the overall size of the economy, and it’s sounding an alarm.
[Editor's Note: This article was originally published in April 2017. Each stock pick has been updated to reflect changes in the market.]A few years ago, InvestorPlace contributor Dan Burrows highlighted the ten best-performing S&P 500 stocks of the past decade. The most important lesson one finds by studying these high-flying stocks is that patience wins out over all other attributes of a successful investor.A classic example of how true this is involves the Fidelity Magellan Fund (MUTF:FMAGX), the large mutual fund made famous by portfolio manager Peter Lynch. Lynch ran the fund for 13 years from 1977 until 1990, growing it from $20 million to $14 billion before stepping aside.InvestorPlace - Stock Market News, Stock Advice & Trading TipsFidelity studied the returns of Fidelity Magellan unitholders over those 13 years to see how they compared to the legendary portfolio manager. While Lynch managed to achieve a 29% annual return over this period, the average investor lost money.Patience would have served those investors well, as the ups and downs of the stock market shook them out of their positions -- and in doing so, deprived them of millions of dollars in profits. A $10,000 investment in 1977 held until 1990 was worth $273,947 by the end of that 13-year period.I'm not Peter Lynch, but I can say with some confidence that the following names are the nine best stocks to buy for the next decade. * 8 Risky Stocks to Watch as Earnings Season Kicks Off Let's take a look.Source: Shutterstock Amazon (AMZN)Not only is Amazon (NASDAQ:AMZN) CEO and founder Jeff Bezos a great chief executive, but Amazon has its hands in so many pies -- including a very profitable cloud business that generated $7.3 billion of operating income last year -- that it's hard to fathom just how big Amazon could be a decade from now.While Amazon's AWS cloud business is a big deal, Amazon Prime is the service that delivers the goods when it comes to building the foundation for AMZN stock. More than 100 million people subscribe to Amazon Prime at $119 per year.It's not the $10-plus billion in annual subscription revenue that matters, but the amount each of those subscribers spends on other Amazon products. Statistics show that 76% of Amazon Prime members spend more than they did before paying the annual $99 fee.That's what you call "pulling power," and it's a big reason why AMZN stock will be a winner for the long haul and why it's a top stock to buy for the next decade.Source: Yuanbin Du Via Flickr Apple (AAPL)You can say what you want about the iPhone maker's best days being behind it, but I have a feeling Apple (NASDAQ:AAPL) will continue to create products people want to buy for years to come.What these products are, I couldn't tell you … What I do know is that Apple will continue to generate a huge amount of free cash flow to reward shareholders for their patience and loyalty.That loyalty translated into AAPL stock becoming the world's first publicly traded company to hit a trillion-dollar valuation. * 7 Stocks to Buy for the Coming Recession While Apple is no longer reporting iPhone numbers, its Services revenue continues to look more and more promising.Source: Shutterstock Berkshire Hathaway (BRK.B)Warren Buffett is 88 years old. Eventually, he's going to step out of the game. The argument is that his departure will create a panic that will send Berkshire Hathaway (NYSE:BRK.A, NYSE:BRK.B) stock spiraling downward. Personally, I don't subscribe to that theory …Businesses -- whether it be a huge holding company like Buffett's or something much less grandiose -- are valued by calculating the present value of its future cash flows. Berkshire Hathaway's are significant. Another way is to value a business is to look at the sum of all its parts.Berkshire Hathaway owns hundreds of businesses; each of these firms, if sold at auction, would be worth more than the current stock price would seem to reflect. If Buffett moved on and the company was broken up in a prudent manner over an extended period, Berkshire Hathaway investors would benefit greatly from such a process.The best part of Berkshire Hathaway? You get a quasi-mutual fund with a diversified group of holdings and no management fees.That's the best kind of buy-and-hold investment.Source: Shutterstock Ulta Beauty (ULTA)The retail industry is in a freefall at the moment, yet Illinois-based Ulta Beauty (NASDAQ:ULTA) is busy growing its network of stores -- which currently number over 1,100 -- by 100 per year. It expects to build out its brick-and-mortar footprint to 1,700 stores over the next decade.Ulta's business model provides a shopping experience that is unique in a beauty market where no one firm controls a big chunk of market share, not even Sephora. * 7 Stocks to Buy for the Coming Recession With consumer confidence growing, Ulta stands a good chance over the next decade of bumping this number significantly higher. ULTA shares might be expensive at nearly 30 times earnings, but that's the price you pay to own the best.Source: Shutterstock Sherwin-Williams (SHW)Ulta Beauty helps women with their beauty needs; Sherwin-Williams Co (NYSE:SHW) does the same for houses and businesses around the world.What's the one thing real estate professionals suggest you should do when selling your home? Give it a fresh coat of paint. It's the most cost-effective improvement you can make to bring in better offers.Sherwin-Williams originally tried to buy Mexican paint company Comex in 2014, but it was beaten out by PPG Industries, Inc. (NYSE:PPG). More than two years later, it bought The Valspar Corp, significantly improving its position in the coatings business outside North America.Over the past decade, SHW has achieved a return of nearly 500%, significantly greater than the S&P 500's 190% climb in that same period.If any stock can repeat this kind of performance over the next decade, Sherwin-Williams has to be at the top of the list.Source: Mike Mozart via Flickr Kraft Heinz (KHC)Earlier this year, the management of Kraft Heinz Co (NASDAQ:KHC) put quite the scare into the 169,000 Unilever plc (ADR) (NYSE:UL) employees with a potential $143 billion offer to buy the company. Fortunately (for employees), Unilever's management told 3G Capital and Berkshire Hathaway, which control KHC, to take a hike.Kraft Heinz is going to make another acquisition, most likely this year. And when it does, the first thing 3G is going to do is trim the fat. (Read this article about Tim Hortons to understand their cost-cutting ruthlessness.) That's going to mean the loss of a lot of jobs.While that's terrible for the people on the receiving end of the pink slips, it's been proven by 3G Capital time and again to significantly increase the bottom line. Shareholders definitely will win as Kraft Heinz guts PepsiCo, Inc. (NYSE:PEP) or some other vulnerable target.Kraft Heinz stock did take a big hit in February after the company took a huge impairment charge and revealed that the SEC has been probing its accounting practices. KHC also cut its dividend by 36% that month. But the company has more than enough cash to cover its dividend, and its products will continue to sell well because people always need to eat, while its offerings remain very popular in the U.S. Moreover, KHC stock still has an impressive 4.8% dividend yield. * 7 Stocks to Buy for the Coming Recession Source: Mike Mozart via Flickr (Modified) Five Below (FIVE)Teen discount clothing chain Five Below Inc (NASDAQ:FIVE) saw its stock price jump 30% in the past year. In an age where you have retailers going out of business left and right, Jim Cramer is right to rave about this stock.In today's retail, you either want to be in the discount or luxury businesses, but not in the deadly middle. Five Below has a plan to grow revenues and earnings by 28% every year for the next five years. In 2019, revenues and earnings are expected to grow 22% and 48.6%, respectively, to $1.56 billion and $2.66 per share.Five Below expects to continue opening new stores, reaching 2,000 stores open in the U.S. at some point in the future. While it seems like an ambitious goal given how many stores are closing these days, Five Below has a very talented management team led by CEO Joel Anderson, whose previous job was CEO of Walmart.com (NYSE:WMT).At prices $5 or below, Five Below delivers a concept that's unique to teen and pre-teen customers. And it should deliver plenty of returns over the next 10 years.Source: Shutterstock Cracker Barrel (CBRL)Over the past decade, Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) has more than doubled the performance of the S&P 500 by delivering consistent results. Its return on equity is an impressive 34%.CBRL's unique restaurant/retail concept generates approximately 80% of its revenue from its restaurants, with its retail shop the remaining 20%. The average store throws off revenue of $4.6 million. The retail business generates sales per square foot of $440 and 50% gross margins. * 7 Stocks to Buy for the Coming Recession Cracker Barrel features a strong female presence in upper management, representing what a modern progressive American company is supposed to look like at the top. Good on them … and good for you, because that kind of diversity will pay off in spades.Source: Shutterstock ResMed (RMD)Who knew that sleep apnea paid so well?ResMed Inc. (NYSE:RMD) manufactures medical devices and provides cloud-based software applications for medical professionals to treat and manage sleep apnea and chronic obstructive pulmonary disease (COPD). Treating 2 million patients daily, ResMed has become good at reducing healthcare costs by minimizing the effects of chronic disease.Good businesses make and save people and companies money. ResMed does both.Over the past decade, ResMed has delivered an annual return to shareholders of 16.98%, much greater than the S&P 500.According to a recent study, 26% of adults have sleep apnea -- a disorder that can wreak havoc on a person's heart, not to mention a marriage due to both partners' lack of sleep. My dad died as a result of COPD, a disease that affects more than 200 million people worldwide and costs the healthcare system more than $50 billion per year in the U.S. alone.ResMed has growth opportunities in Latin America, Eastern Europe and China and India -- all huge markets that will keep it busy for the next decade and beyond.Of all the stocks to buy for the next decade, ResMed is my pick for most reliable given the markets it serves.As of this writing, Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy for the Coming Recession * 10 Smart Dividend Stocks for the Rest of the Year * 5 Tech Stocks That Are Far Too Risky Right Now Compare Brokers The post The 9 Best Stocks to Buy for the Next Decade appeared first on InvestorPlace.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Pilot Travel Centers LLC and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
(Bloomberg Opinion) -- Warren Buffett’s Berkshire Hathaway Inc. is selling debt in Europe. For those of us on the Buffett M&A watch, the move certainly raises an eyebrow. Berkshire has hired banks to manage a benchmark sale of 20- and 30-year bonds in euros, as well as in pounds, Bloomberg News reported Tuesday, citing a person familiar with the matter. It would be the Omaha, Nebraska-based company’s first euro-denominated bond deal since 2017 and the first time it’s ever sold debt in pounds. Berkshire would be joining a trend of U.S. companies, such as Deere & Co., looking to take advantage of cheaper borrowing costs for long-dated euro notes. But in the case of Berkshire, the debt sale also stirs up speculation about whether Buffett is moving closer toward making an acquisition in Europe, something he’s wanted to do for a while.At last month’s Berkshire Hathaway shareholder meeting, Buffett hinted that a lengthy interview he recently gave to the London-based Financial Times was partly a strategic move to raise his company’s profile overseas:I would like to see Berkshire Hathaway better known in both the U.K. and Europe, and the FT audience was an audience that I hoped would think of Berkshire more often in terms of when businesses are for sale.Buffett, 88, has long enjoyed preferential treatment in the U.S. mergers and acquisition market, as sellers have typically called him up to pitch their companies and name their price, rather than Berkshire having to pursue them. Despite his worldwide celebrity, he hasn’t been able to create the same dynamics in Europe, though. During last month's meeting, Morningstar analyst Gregg Warren asked Buffett whether it's because Berkshire is still so U.S.-centric that perhaps would-be sellers in Europe “are unaware of your willingness to step up and buy them outright and allow them to run their companies under the Berkshire umbrella.” Buffett said the bigger challenge is finding a target large enough to move the needle at Berkshire, a $507 billion company.Valuations for U.S. takeover targets have been elevated for some time, as more acquirers compete for deals because of their own tepid growth prospects. That’s kept Buffett on the sidelines, unwilling to risk overpaying. However, in Europe and the U.K., uncertainty surrounding Brexit and a generally weaker economic outlook has left stocks there trading at a discount to those in the U.S. Buffett also said he’s hoping for a deal in the U.K. or Europe regardless of the Brexit outcome. The relatively cheaper stocks and favorable borrowing environment create an opportunity for a dealmaker with global ambitions just itching to strike. Berkshire also had $114 billion of cash as of March.It’s hard to know what Berkshire’s motivations are for its upcoming debt sale. That said, the company is unlikely to want to swap the proceeds from the euro and sterling corporate bonds back into dollars because there is no specific arbitrage benefit. It is simply super-cheap funding that makes sense to keep in the currency of issuance.Berkshire also has chosen a particular sweet spot for its inaugural sterling bond in an ultra-long maturity as the U.K. yield curve is inverted beyond 25 years. That means the company can keep its overall sterling issuance cost to around 2%, given that the 40-year U.K. government bond yield is just 1.35%. Similarly, Berkshire’s overall cost for 20- to 30-year euro-denominated maturities will be less than 1.5%, making it substantially cheaper than raising in U.S. dollars.If the Oracle of Omaha does have M&A on his mind, what could he buy? That’s the multi-billion-dollar question. Even though Buffett has always maintained a set of clearly defined takeover criteria, guessing his next deal has never been easy in the U.S., never mind in Europe, where his goals aren’t so clear. U.K. utilities, battered by fears they may be taken over by the state if the opposition Labor party were to gain power, may be one area for Buffett to scope out. Berkshire already owns Northern Electric Finance Plc, which also recently issued sterling-dominated debt maturing in 2049.Using the Bloomberg terminal, we adjusted a screening intended to track potential U.S. Berkshire takeover candidates so that it instead filters for European companies, specifically those with market values of $5 billion to $50 billion (4.4 billion to 44 billion euros). Among the names that come up are Atlas Copco AB, a Swedish maker of industrial tools; Metso Oyj, a Finnish mining equipment manufacturer; Mondi Plc, an Austrian packaging and paper company; and Ryanair Holdings Plc, an Irish budget airline. Beyond their financial metrics, not all the companies necessarily fit the bill, and many have big caveats – it's certainly hard to picture Buffett donning a Burberry trench coat, for example. But it's always interesting to see what companies seem to possess the hallmarks of a Buffett target, on paper at least:If Buffett’s plan is to go shopping in Europe, step one may have been the newspaper interview, and step two, the bond sale. Step three? Wait for his phone to ring 4,000 miles away. To contact the authors of this story: Tara Lachapelle at email@example.comMarcus Ashworth at firstname.lastname@example.orgTo contact the editor responsible for this story: Beth Williams at email@example.comThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Tara Lachapelle is a Bloomberg Opinion columnist covering deals, Berkshire Hathaway Inc., media and telecommunications. She previously wrote an M&A column for Bloomberg News.Marcus Ashworth is a Bloomberg Opinion columnist covering European markets. He spent three decades in the banking industry, most recently as chief markets strategist at Haitong Securities in London.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Warren Buffett has consistently ranked highly on Forbes' list of billionaires. He has a careful methodology for evaluating value stocks and investing.
Lunch Might Not Change Buffett’s Views on CryptocurrenciesWarren BuffettJustin Sun, the co-founder of the cryptocurrency project Tron, won the auction for this year’s lunch with Warren Buffett. The lunch is an annual affair—just like Berkshire
Cryptocurrencies and blockchain technologies have become increasingly hard to ignore. Case in point: It will be front-and-center at the upcoming lunch between legendary investor Warren Buffett and blockchain company founder, Justin Sun, for which Sun paid a record $4.6 million this year. Proceeds from the lunch go to support the Glide Foundation, which helps the homeless population in San Francisco.