Friday, January 26, 2024

Berkshire (BRK) Hits An All-Time High -- January 26, 2024

Locator: 46657BRK.

Trump trumped: wow that was fast.  I guess three hours to make sure they had the decimal point in the right place.

It might be wise for the defendant to remain quiet.

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BRK

BRK: hits an all-time high! Remember Travelers from a few weeks ago. That foreshadowed this, along with the Pilot story.

Link here.

Link here.

 From the links above;

Berkshire Hathaway stock hit a record high Wednesday, cheering the company’s legion of investors after shares trailed the S&P 500 index in 2023. Berkshire’s Class A stock was up 1%, at $570,000, while the Class B shares were also 1% higher, at $376.08, in recent trading. 
The move Wednesday takes out the old high from September 2023.
Berkshire stock appears to be getting a lift from several factors: fresh gains in Apple (the company’s largest equity holding), strength in the insurance sector, and expectations of robust fourth-quarter results. T
he company is due to release fourth-quarter earnings and its annual report—along with CEO Warren Buffett’s eagerly anticipated shareholder letter—on February 24, 2024.
Berkshire’s B shares now are up over 5% so far in 2024, double the gain in the S&P 500, after Berkshire trailed the S&P 500’s 26.3% total return in 2023 by about 10 percentage points.
Barron’s picked Berkshire as a top stock selection for 2024 at the end of 2023. Buffett’s roughly 15% stake in the company is worth $123 billion, and the company’s market value is around $822 billion.

 

3 comments:

  1. I was thrilled with the outcome. Much could be said, but I'm with okay with "thrilled with the outcome."

    ReplyDelete
  2. You, me and a whole lot of other folk too! Amazing, their gross receipts... Now if Warren had only listened to Charlie...... Costco!!

    ReplyDelete
    Replies
    1. I guess I'll have to put up a one-year chart and a five-year chart comparing NVDA and COST.

      Delete

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