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BRK.A

Berkshire Hathaway

$304,921.00

1581 (0.52%)

, BRK.B

Berkshire Hathaway

$202.53

0.795 (0.39%)

16:25
08/04/19
08/04
16:25
08/04/19
16:25

Berkshire Hathaway reports Q2 net earnings $14.07B vs. $12.01B last year

Reports second quarter operating earnings $6.14B versus $6.89B last year. Berkshire Hathaway said, "Beginning in 2018, due to a change in Generally Accepted Accounting Principles, we are required to include the changes in unrealized gains/losses of our equity security investments as a component of investment gains/losses in our earnings statements. [...] investment gains/losses in 2019 include gains of approximately $7.1B in the second quarter and approximately $22.2B in the first six months and in 2018 include a gain of approximately $4.3B in the second quarter and a loss of approximately $2.7B in the first six months due to changes during the second quarter and during the first six months in the unrealized gains that existed in our equity security investment holdings. Investment gains/losses also include after-tax realized gains on sales of investments of approximately $662M and $512M during the second quarters of 2019 and 2018, respectively, and gains of approximately $1.1B and $1.3B during the first six months of 2019 and 2018, respectively."

BRK.A

Berkshire Hathaway

$304,921.00

1581 (0.52%)

BRK.B

Berkshire Hathaway

$202.53

0.795 (0.39%)

BRK.A Berkshire Hathaway
$304,921.00

1581 (0.52%)

11/15/18
11/15/18
NO CHANGE

Morgan Stanley says 13F a 'clear signal' of value Buffett sees in financials
Following the release last night of 13F filings detailing the holdings of large investors, including Berkshire Hathaway (BRK.A), Morgan Stanley analyst Kai Pan noted that the filing from Warren Buffett's Berkshire revealed increased stakes in Bank of America (BAC), U.S. Bancorp (USB) and Goldman Sachs (GS) along with new stakes in JPMorgan (JPM), PNC Financial (PNC) and Travelers (TRV). The analyst sees these investments, along with the fact that Berkshire's s financial holdings stood at 46% of its overall $203B equity portfolio as of quarter end, as a "clear signal" of the value that Buffett sees in financials, Pan tells investors. He adds that he views Buffett's new stake in Oracle (ORCL) as another "notable" new purchase.
04/09/19
KEYB
04/09/19
NO CHANGE
Target $235
KEYB
Overweight
Workday wins deal from Berkshire Hathaway's Geico, says KeyBanc
KeyBanc analyst Brent Bracelin reported that he found a recent job posting indicating that Geico, a subsidiary of Berkshire Hathaway (BRK.A), plans to implement Workday (WDAY) Financials as its new ERP system. He view the Geico win, which also includes the use of Workday's Adaptive Insights planning software, as further validation of the increasing cloud financial momentum at the company. The analyst, who sees share gains across both HCM and ERP as the primary drivers of upside for Workday, has an Overweight rating and $235 price target on the shares.
04/24/19
BOFA
04/24/19
NO CHANGE
BOFA
PG&E deal talks report could drive renewed interest, says BofA/Merrill
BofA Merrill Lynch analyst Julien Dumoulin-Smith noted that SparkSpread reported that Berkshire Hathaway Energy (BRK.A) was in talks to acquire bankrupt PG&E (PCG). However, CNBC subsequently reported that Berkshire had no interest, citing direct conversations with Warren Buffett, and a spokesperson also noted the company is not in talks with PG&E, noted the analyst. Still, he thinks headlines regarding the Berkshire interest could help drive renewed interest in PG&E from other large-cap entities, adding that "for all of the same reasons why we see credibility to a potential Berkshire bid, much of the same applies to any other large buyer." Dumoulin-Smith keeps No Rating on PG&E shares given ongoing Chapter 11 proceedings.
06/19/19
SBSH
06/19/19
NO CHANGE
SBSH
Axalta Coating under pressure to deliver on M&A, says Citi
Citi analyst P.J. Juvekar said Axalta is under increased pressure "to deliver on M&A now or risk its credibility" after the company announced it is exploring strategic options again after going through the same process in 2017. Previously the company had M&A negotiations with AkzoNobel (AKZOY) and briefly with Nippon Paints, though neither reached a deal, and this time it could approach new players like Berkshire Hathaway (BRK.A), which already owns roughly 10% of the company, or Sherwin-Williams (SHW), contends Juvekar. Axalta does not have architectural paint, which trades at high multiples compared to industrial paint, and he thinks a multiple range of 12x-13x, equating to a stock price in the mid-to-high $30 range, is possible in a deal, though "there is no guarantee that a deal would happen," Juvekar stated in a note to investor before the open.
BRK.B Berkshire Hathaway
$202.53

0.795 (0.39%)

10/17/18
JPMS
10/17/18
NO CHANGE
Target $375000
JPMS
Overweight
Berkshire shares are undervalued on look-through earnings, says JPMorgan
JPMorgan analyst Sarah DeWitt views Berkshire Hathaway as one of the best value plays in her coverage group. Although the stock appears more expensive than the S&P 500 at 20 times 2019 estimated earnings, reported earnings ignore the company's "massive" equity portfolio of nearly $200B, DeWitt tells investors in a research note. The analyst thinks a better measure is look-through earnings, which she notes is the one Warren Buffett endorses and includes Berkshire's share of retained earnings of major investees that are not reflected in GAAP earnings. On this basis, Berkshire trades at 13.6 times estimated 2019 look-through earnings, near the all-time historical low for price-to-look-through earnings ratio and a significant discount to the S&P 500 at 16 times, the analyst says. She thinks Berkshire should trade at least in line with the historical median on look-through earnings of 17 times, which would imply 25% upside. The analyst keeps Overweight rating on both of Berkshire's share classes. DeWitt has a $375,000 price target for the class A shares (BRK.A) and $250 target for the class B shares (BRK.B).

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WORK

Slack Technologies

$21.18

-0.12 (-0.56%)

11:35
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Chair Powell said modern monetary theory (MMT) "is just wrong," »

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QGEN

Qiagen

$36.81

1.29 (3.63%)

11:32
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Upgrade
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  • 07

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VREOF

Vireo Health

$0.00

(0.00%)

, CGC

Canopy Growth

$15.28

-3.24 (-17.49%)

11:28
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CGC

Canopy Growth

$15.28

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APHA

Aphria

$4.14

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ACB

Aurora Cannabis

$3.17

-0.37 (-10.45%)

CVSI

CV Sciences

$0.00

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CTST

CannTrust

$0.92

-0.0569 (-5.85%)

CRON

Cronos Group

$6.78

-0.49 (-6.74%)

CANN

General Cannabis

$0.00

(0.00%)

IGC

India Globalization Capital

$0.81

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TLRY

Tilray

$19.55

-1.41 (-6.73%)

TCNNF

Trulieve Cannabis

$0.00

(0.00%)

ZYNE

Zynerba

$6.06

-0.35 (-5.46%)

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  • 14

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    Nov

X

U.S. Steel

$12.80

-0.62 (-4.62%)

11:25
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11/14
11:25
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11:25
Options
US Steel call volume above normal and directionally bullish »

Bullish option flow…

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11:25
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General news
Powell: passing USMCA would benefit the economy »

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Today's U.S. reports »

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DLTR

Dollar Tree

$108.85

0.445 (0.41%)

11:21
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  • 26

    Nov

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

11:17
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11:17
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11:17
Technical Analysis
NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

11:16
11/14/19
11/14
11:16
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Technical Analysis
NYSE market internals summary »

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11:15
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General news
Powell on changing policy: »

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BA

Boeing

$362.00

-0.42 (-0.12%)

11:14
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Breaking Hot Stocks news story on Boeing »

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  • 14

    Nov

11:11
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11:11
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General news
3-Month Bill Announcement Offering Amount data reported »

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General news
10-Yr TIPS Announcement CUSIP Number data reported »

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General news
10-Yr TIPS Announcement Offering Amount data reported »

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General news
6-Month Bill Announcement Offering Amount data reported »

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BMRN

BioMarin

$75.55

-0.54 (-0.71%)

11:07
11/14/19
11/14
11:07
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11:07
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BioMarin sees GAAP break-even or better in 2020 assuming Valoctocogene launch »

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  • 07

    Dec

GILD

Gilead

$62.48

-0.85 (-1.34%)

11:05
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Options
Gilead call volume above normal and directionally bullish »

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  • 07

    Dec

11:05
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General news
Powell:the day of reckoning could be "quite far off," »

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USO

United States Oil Fund

$12.05

0.09 (0.75%)

11:00
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11:00
General news
Crude inventories for week of November 8 »

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AAPL

Apple

$263.91

-0.61 (-0.23%)

10:58
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On The Fly
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