• Berkshire Hathaway's Cautious Outlook: Earnings Dip, Analyst Downgrade, and Low Trading Volume

  • Nov 12 2024
  • Length: 2 mins
  • Podcast

Berkshire Hathaway's Cautious Outlook: Earnings Dip, Analyst Downgrade, and Low Trading Volume

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  • Summary

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

    1. **Current Price and Intraday Trading Range:**
    - The current price of BRK.A is $700,224.01 USD, with an intraday trading range of $696,759.00 to $705,634.10[2][3].

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

    3. **Trading Volume vs Average:**
    - The trading volume is 2,901, which is relatively low compared to its average volume, but specific average volume data is not provided in the sources[3].

    4. **Recent News or Announcements:**
    - Recent news includes Berkshire Hathaway's strong earnings rebound, with operating profit slipping by 6.2% Y/Y and cash hitting a record $325.21B[3].
    - Warren Buffett's Berkshire Hathaway cut its stakes in Apple and Bank of America by more than 20% each in Q3[3].

    5. **Major Analyst Updates or Price Target Changes:**
    - CFRA downgraded Berkshire Hathaway's B shares to "Hold" after less-than-stellar Q3 results[3].

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

    7. **Related Semiconductor/AI Sector News:**
    - There is no direct mention of semiconductor or AI sector news affecting Berkshire Hathaway in the provided sources.

    8. **Key Technical Indicators for Day Trading:**
    - The stock has a 60-month beta of 0.87, indicating relatively low volatility compared to the market[5].
    - The price/sales ratio is 2.67, and the price/earnings ratio (ttm) is 23.23[5].
    - 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%[3].

    **Market Sentiment:**
    - The overall market sentiment for BRK.A is cautious, with recent earnings and analyst downgrades contributing to a mixed outlook. The stock's high price and low trading volume also indicate a lack of significant short-term momentum.
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