|Bid||0.00 x 1000|
|Ask||0.00 x 800|
|Day's Range||207.80 - 210.75|
|52 Week Range||180.44 - 224.07|
|Beta (3Y Monthly)||0.82|
|PE Ratio (TTM)||10.90|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||243.25|
This weekend's Barron's cover story shows why emerging markets may be ready to rebound. Other featured articles examine why stocks will rally in 2019 and how to play preferred stock as yields rise. Also: the ...
Equity analysts at Wells Fargo (WFC) recently published a research note looking at the potential stocks Warren Buffett (Trades, Portfolio) might be interested in in the current market. Warning! GuruFocus has detected 1 Warning Sign with WFC. What is interesting about the list of companies they ended up with is that while they might be Buffett stocks from a quantitative point of view, almost none would realistically fit into his portfolio.
BNSF Railway will invest upwards of $200 million to build a new bridge in Seattle. The rail bridge spanning Salmon Bay in Seattle is 104 years old and needs to be replaced, said a spokesperson for the Fort Worth-based railroad, which is a subsidiary of Warren Buffett's Berkshire Hathaway Inc. (NYSE: BRK.A). "We are seeing fatigue of the counterweight truss and the trunnion bearings wearing out, which could lead to the bridge being stuck in the ‘up’ position with no alternate train route available," the spokesperson said.
The Zacks Analyst Blog Highlights: First Bancorp, First Mid-Illinois, Horizon, Berkshire Hathaway and Ameriprise
In the third quarter Progressive stock earned 42 cents per share on revenue of $2.48 billion, up about 21% from a year ago. Investors are catching on, with Progressive stock up 47% in the last year, opening at $71.80 and a market cap of nearly $42 billion. Progressive is a property and casualty insurer, betting on whether your house is going to get robbed or your car is going to get totaled.
Textron (TXT) signs pact with NetJets for sale of 325 Cessna Citation aircraft with the first delivery expected in the second half of 2019.
Berkshire Hathaway Inc. (BRK.B) closed at $209.37 in the latest trading session, marking a -0.55% move from the prior day.
Warning! GuruFocus has detected 3 Warning Sign with TTS. With a market cap of $5.8 billion, Berry Global Group Inc. (BERY) is trading with a price-earnings ratio of 12.64, a price-sales ratio of 0.76 and a forward price-earnings ratio of 11.39. According to the discounted cash flow calculator, the stock has a fair value of $51.33 while trading at $43.
ESI Cases & Accessories Inc. filed a breach-of-contract suit in state court in Manhattan on Thursday, seeking more than $20 million in damages. The company says Berkshire’s strong-arm tactics caused it to lose all its business with CVS Health Corp. -- a $5 million-a-year customer -- as well as others. ESI has sold Duracell-branded products under a license since 2010, including Apple Inc.-compatible charging cables, and phone cases and headsets, and said it renegotiated its agreement with Duracell’s former parent, Procter & Gamble Co.’s Gillette subsidiary, in 2014.
Majority of the Fed policymakers say that rate hikes "would most likely be consistent" with economic expansion, strength in labor market and the current period of firming inflation.
Berkshire Hathaway Inc.'s ( BRK.B) Class B shares are cheap if you apply the same metrics that its CEO Warren Buffett does to value companies, according to JPMorgan. In a research note, reported on by CNBC, analyst Sarah DeWitt said Berkshire, a company that investors have historically struggled to value properly because of its many moving parts, suddenly appears to be attractively priced when factoring in all the profits made by the stocks held in its $200 billion equity portfolio into its earnings. “Look-through earnings” take into account current period earnings that show up in financial statements, together with other sources of earnings expected in the long run. This method is used by Buffett as a way to appreciate that companies sometimes retain earnings after paying dividends and later invest them at a higher rate of return.
Warren Buffett, chief executive of Berkshire Hathaway, talked with Dr. James Reed, president and CEO of St. Peter's Health Partners.
Stocks tried to make a comeback, but then, the minutes from September’s Federal Reserve meeting were released. The takeaway was, in short, that the Fed is still on a path of hiking interest rates. For investors who thought they would see doubt from the Fed or expected President Donald Trump’s criticism of rate increases to make a difference—there wasn’t and it didn’t.
“Competition is fine,” Buffett said Wednesday at an event for MLMIC, a medical liability insurer that Berkshire acquired this year. Berkshire has other holdings among rival firms. It is among the top investors in Wells Fargo & Co., Goldman Sachs Group Inc. and Bank of America Corp. It also owns Dairy Queen and has made an investment in Restaurant Brands International Inc., the owner of Burger King.
A JPMorgan analyst uses “look-through earnings,” which seeks to incorporate the profits of the companies in Berkshire’s equity portfolio into its earnings.
Companies pay investors dividends but they also retain some of their earnings. Over time, companies invest these retained earnings at a higher rate of return and that ultimately boosts their share prices, benefiting their investors. J.P. Morgan analyst Sarah DeWitt calculates that Berkshire's share of undistributed earnings from its stock portfolio is $12 billion, or about $5.19 per Berkshire Class B share.
Canadian National Railway (CNI) reported 2.5% YoY (year-over-year) carload traffic growth in Week 40. The railroad company hauled ~66,000 railcars excluding intermodal traffic from ~64,400 units in the same week of 2017.