210.57 0.00 (0.00%)
After hours: 5:53PM EDT
|Bid||210.50 x 1200|
|Ask||210.85 x 800|
|Day's Range||210.23 - 212.02|
|52 Week Range||184.75 - 224.07|
|Beta (3Y Monthly)||0.73|
|PE Ratio (TTM)||129.18|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||239.67|
Macro Updates: Record Highs, US-China Talks, and MoreMarkets reach record highsUS markets have been strong this year, and both the S&P 500 (SPY) and NASDAQ Composite (QQQ) hit new closing highs yesterday. The upward price action is a welcome
Berkshire’s Cash Pile Sparks Acquisition Rumors—Buffett Denies(Continued from Prior Part)Berkshire’s acquisitions Warren Buffett, Berkshire Hathaway’s (BRK-B) chair, has denied that the company is looking at buying PG&E Corporation (PGE).
Warning! GuruFocus has detected 7 Warning Signs with BRK.A. Click here to check it out. The talk is fascinating and well worth a watch if you have the time, but what I found even more exciting is Pabrai's insight into some recent trading activity by Warren Buffett (Trades, Portfolio). When he was running the Buffett Partnerships, Buffett frequently traded cigar butt style stocks, in fact, that is all he traded because there were plenty of opportunities available in the market at that time.
was - and then wasn't - in talks to buy the bankrupt California utility. PG&E shares surged in both premarket and early regular trading after media reports said the legendary investor was considering a bid for the beleaguered power company. The stock gained as much as 25% in New York premarket trading and opened up in the double digits.
The utility jumped in early morning trading after SparkSpread reported the legendary investor was eyeing the power supplier brought low by California wildfire liabilities. PG&E, which went into bankruptcy in January, has a market value of $11.4 billion. Jessi Strawn, a spokeswoman for Berkshire Hathaway’s energy unit, said by telephone that the companies were not in talks.
In this rematch between Warren Buffett's investment vehicle and one of its major portfolio holdings, which stock will emerge victorious?
Berkshire Hathaway is not buying PG&E, Warren Buffett tells CNBC's Becky Quick, knocking down an earlier report circulated by Bloomberg News. Buffett,chairman and CEO of Berkshire Hathaway, told CNBC that the report was "100% not true" and that he "would know" if Berkshire was in talks. PG&E, California's largest investor-owned utility, could face billions in potential liabilities from wildfires since 2017.
The All-in-One Guru Screener, one of our most popular Premium features, allows you to screen for stocks based on your own investing strategy. Although we first launched a new version of the Screener in March, we have made several changes to the layout over the past month. Warning! GuruFocus has detected 7 Warning Signs with BRK.A. Click here to check it out.
In the latest trading session, Berkshire Hathaway Inc. (BRK.B) closed at $211.61, marking a +1.01% move from the previous day.
See who joins Facebook, Alibaba, Five Below, and Autohome on this stock screen based on the investing strategy of Berkshire Hathaway CEO Warren Buffett.
Berkshire Hathaway (BRK.A, BRK.B) is a multibillion-dollar holding company led by Warren Buffett. Bolstered by its insurance businesses, including GEICO, the company has created room to invest in other industries such as railroads, clothing, and jewelry. Berkshire Hathaway shareholders have been rewarded heavily throughout the company's history, with shares consistently trading at over $300,000. In July 2018, Berkshire Hathaway reported it granted top employees more flexibility to spend cash by repurchasing shares.
Apple (NASDAQ:AAPL) stock has rallied over the past month on irrational exuberance about the company's upcoming streaming offering. The exuberance is irrational because, as I explained in a previous column, there are many reasons why Apple's streaming offering is very unlikely to ever move the needle for Apple stock.Source: Shutterstock But even if I'm wrong, and the streaming product turns out be the savior of Apple stock, in all likelihood, it won't be a major catalyst for AAPL stock right after AAPL reports its second-quarter results on Apr 30. That's because the streaming product is not supposed to actually launch until this fall,As a result, in the immediate aftermath of the company's results, investors will probably focus on the likely year-over-year decline of its overall revenue and the continued anemic growth of demand for new iPhones.InvestorPlace - Stock Market News, Stock Advice & Trading TipsMeanwhile, even some of the most outspoken bulls on Apple stock have indicated that AAPL stock has probably peaked for the time being. Furthermore, Warren Buffett, whose Berkshire Hathaway (NYSE:BRK.A,BRK.B) company owned nearly 250 million shares of Apple stock as of February, recently sounded very bearish on the outlook for the company's streaming product. * 7 Digital Ad Stocks That Deserve Your Attention Right Now So the main, positive catalyst that's been boosting Apple stock shouldn't be a factor in the wake of its Q2 results.With that catalyst on the back burner, most investors will probably focus on the company's multiple problems and negative indicators. Here's a list of four of those negative catalysts. Apple's Overall Revenue Will Probably Decline Year-Over-YearAAPL has predicted that its Q2 revenue would be $55 billion to $59 billion. During the same period a year earlier, its top line came in at $61.1 billion. Although Apple's guidance is known for being conservative, analysts' consensus estimate for the company's Q2 top line is $57.4 billion. Since analysts are very experienced with Apple's guidance habits, the company's top line probably dropped YoY in Q2. Such a decline would likely further undermine investors' confidence in AAPL, putting pressure on AAPL stock. There Are Multiple Signs That iPhone Revenue Growth Continues to Be Anemic, at BestAfter AAPL reported that its iPhone revenue had tumbled 15% year-over-year in Q1, AAPL meaningfully cut the devices' prices in both China and India. The significant price cuts indicate that iPhone sales haven't exactly made a huge comeback in those countries. The same is probably true for other developing countries.Meanwhile, multiple analysts have issued negative assessments of AAPL in general and iPhone sales in particular.Last month, Longbow analyst Shawn Harrison warned that iPhone trends were moving "from bad to worse," Fortune reported. The situation in China was particularly negative, the publication quoted the website as saying. Reiterating his "neutral" rating on Apple stock, Harrison added, "Without iPhone demand acceleration on the horizon, we currently do not see any catalysts near term to drive significant EPS upside."Furthermore, Forbes columnist Ewan Spence in late February noted that UBS had lowered its estimates of sales of AAPL's most expensive iPhones by 3 million units. UBS raised its estimates of iPhone unit sales for the current quarter by 2 million.But Spence pointed out that such a performance would lower Apple's average selling price while potentially making the most popular Apple devices technologically inferior to their Android counterparts. JPMorgan, meanwhile, after speaking with Apple suppliers, expects iPhone revenue to decline for the current quarter.Taking a much more upbeat view of Apple stock last month and this month was Morgan Stanley's Katy Huberty -- who is always upbeat on AAPL stock. In March, she wrote that demand for the iPhone in China was stabilizing, and in April the analyst stated that the growth of the number of iPhones in use in China had reached a 15-month high. Still, as I'll show in the next section, even Huberty appears to think that Apple stock may soon run out of steam. Even Apple Stock Bulls Are Getting CautiousFor all her optimism about AAPL, Huberty's price target on Apr. 12 was $220, less than 10% above the current price of AAPL stock. And InvestorPlace's Tezcan Gecgil recently wrote:"Although I firmly believe that Apple stock will perform well in the long-term , on a short-term basis, it may be a good idea to take profits in Apple stock before the company's earnings call on Apr. 30. …. Q2 numbers are likely to affect investors' sentiment towards Apple stock and drive the share price for several weeks."Additionally, when asked about AAPL's streaming project, Buffett recently was less than enthusiastic. "I'd love to see them succeed, but that's a company that can afford a mistake or two," Buffett told CNBC.When even Apple's biggest cheerleaders (and the owner of huge amounts of AAPL stock) express caution about AAPL, it's probably a good idea for all investors to sell their AAPL stock for the time being. iTunes App Store Workarounds Could Start to Sting Apple StockIn a column published last November, I noted, citing TechCrunch, that "Netflix (NASDAQ:NFLX) has reportedly been testing a new system that will prevent its new customers in 33 countries outside the U.S. from using iTunes to pay for their subscriptions,." If NFLX ever decided to implement that system, and other major app developers followed suit, AAPL stock could be meaningfully impacted, I showed.Well, NFLX has taken that step for new subscribers, and The Financial Times has followed suit, while Spotify (NYSE:SPOT) had previously taken the step back in 2016. In all likelihood, many large and medium-sized apps have taken the plunge or will do so soon. * 10 High-Yielding Dividend Stocks That Won't Wilt The Bottom Line on Apple StockThe strong headwinds facing Apple stock are likely to come into much greater focus in the wake of the company's Q2 results, pushing AAPL stock much lower. Meanwhile, even bulls have become cautious about Apple stock at its current, elevated level. Therefore, investors should take profits in AAPL stock ahead of its Q2 results.As of this writing, Larry Ramer did not own shares of any of the companies mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Tech Stocks With Too Much Risk, Not Enough Upside * 7 Companies That Are Closing the CEO-Worker Wage Gap * 7 Video Game ETFs That Will Make You a Winner Compare Brokers The post 4 Reasons Apple Stock Is Likely to Fall After Earnings appeared first on InvestorPlace.
The decline of advertising gradually turned the newspaper industry “from monopoly to franchise to competitive,” the billionaire chief executive officer of Berkshire Hathaway Inc. said in an interview with Yahoo Finance. “The world has changed hugely,” Buffett said in the interview with Yahoo Finance, which will serve as the livestream host for Berkshire’s shareholder meeting. Berkshire’s BH Media, which owns papers across the country, has been cutting jobs to cope with declining advertising revenue.
Kraft Heinz Co's incoming chief executive, Miguel Patricio, is indicating a change in strategy for the packaged food company that could move it away from the aggressive cost-focused culture that has been in place since the company was created in 2015. Patricio, a 52-year-old Portuguese native who will take over the helm of the world's fifth biggest food company from July 1, said he plans to focus more on efficiency, investing in brands and growing sales organically at a company that has been reeling from a $15.4 billion writedown on some of its brands. Kraft Heinz's focus on cost-cutting and interest in scoring a big acquisition have been key to the company's strategy under management installed by Brazilian private equity firm 3G Capital.
Warren Buffett (Trades, Portfolio) has a reputation as someone who invests forever, yet as Mary Buffett and David Clark explained in the final section of "Warren Buffett and the Interpretation of Financial Statements: The Search for the Company with a Durable Competitive Advantage," there are times to buy and times to sell. Warning! GuruFocus has detected 5 Warning Sign with KO.
Can Berkshire Hathaway Play Catch-Up with the S&P 500 This Year?(Continued from Prior Part)Share buybacks Berkshire Hathaway (BRK-B) chair Warren Buffett hasn’t been a big fan of share buybacks. Buffett prefers companies that invest cash in
The investment world is full of myths, so separating separating fact from fiction is vital if you want to succeed over the long term as an investor. Charlie Munger (Trades, Portfolio), vice chairman of Berkshire Hathaway (BRK-A)(BRK-B) and Warren Buffett ( Trades , Portfolio )'s right-hand man, has spoken about these investment misconceptions at length before. Warning! GuruFocus has detected 7 Warning Signs with BRK.A. Click here to check it out.
Kraft Heinz announced on Monday that Bernardo Hees, 49, will step down on July 1 after a string of troubling developments in recent months. Berkshire proudly backed that transaction, with Buffett writing in his annual letter at the time that the executives at 3G “could not be better partners,” though he finally admitted in February to overpaying for the deal.
Can Berkshire Hathaway Play Catch-Up with the S&P 500 This Year?(Continued from Prior Part)Buffett In his 2018 annual letter, Berkshire Hathaway (BRK-B) chair Warren Buffett said that he and vice-chair Charlie Munger “hope for an
Ever since the June 2016 referendum, the subject of Brexit has never been far from investor's minds. It certainly was on Warren Buffett (Trades, Portfolio)'s mind when Berkshire Hathaway (NYSE:BRK.A)(NYSE:BRK.B) Insurance Group applied to set up a unit in Ireland to allow it to continue to service clients in Ireland and the European Economic Area following the referendum's conclusion. Warning! GuruFocus has detected 7 Warning Signs with BRK.A. Click here to check it out.
CNBC's Becky Quick confirms with Warren Buffet that Berkshire Hathaway is not buying shares of PG&E contrary to rumors.