• Berkshire Hathaway Strong Financials but Mixed Sentiment Amid Market Underperformance

  • Nov 11 2024
  • Length: 2 mins
  • Podcast

Berkshire Hathaway Strong Financials but Mixed Sentiment Amid Market Underperformance

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  • Summary

  • **Berkshire Hathaway (BRK.A) Analysis**

    1. **Current Price and Intraday Trading Range**: The current price of BRK.A is $695,878.30, with an intraday trading range of $681,505.00 to $694,999.00[1][3].

    2. **Pre-market and After-hours Movement**: No specific pre-market or after-hours data is available in the provided sources.

    3. **Trading Volume vs Average**: The trading volume is 1,652 million shares, but no average volume data is provided for comparison[4].

    4. **Recent News or Announcements**:
    - Berkshire Hathaway reported strong earnings rebound but cut Apple and Bank of America stakes by more than 20% each in Q3[4].
    - The company's cash pile hit a record $325.21 billion, and operating profit slipped by 6.2% year-over-year[4].
    - CFRA downgraded Berkshire Hathaway B shares to Hold following less-than-stellar Q3 results[4].

    5. **Major Analyst Updates or Price Target Changes**: No specific price target changes are mentioned in the provided sources.

    6. **Options Flow Activity**: No options flow activity data is available in the provided sources.

    7. **Related Semiconductor/AI Sector News**: No direct impact from semiconductor/AI sector news on Berkshire Hathaway is mentioned in the provided sources.

    8. **Key Technical Indicators for Day Trading**:
    - Support price is $681,505.00, and resistance is $694,999.00 based on a 1-day standard deviation move[4].
    - The stock has underperformed the market in the last year with a price return of +24.9%, compared to the SPY ETF's +34.3%[4].
    - The 60-month beta is 0.87, indicating relatively low volatility compared to the market[5].

    **Market Sentiment**: The recent earnings report and significant cash pile suggest a strong financial position, but the downgrade by CFRA and underperformance compared to the broader market indicate mixed sentiment. The technical indicators suggest a potential trading range within the support and resistance levels.
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