On Wednesday, the Nikkei opened the day lower and closed at more than two-month lows. Increased tensions with North Korea weighed on the Nikkei Index.
Mallinckrodt was the S&P 500’s biggest loser on August 8. Mallinckrodt fell on Tuesday after its mixed quarterly earnings report.
Michael Kors was the S&P 500’s top gainer on Tuesday. Its better-than-expected quarterly earnings report pushed the stock higher on Tuesday.
The S&P 500 started this week on a stronger note. However, ten out of the S&P 500’s 11 major sectors closed negative on August 8.
Major insurance players like American International Group (AIG), Prudential (PRU), and Metlife (MET) have witnessed improved investment income in recent quarters mainly due to higher interest income from deployments in debt offerings.
As of August 2017, Berkshire Hathaway (BRK.B) stock has risen 4.7% in the past month and 25.0% in the past year.
So far in August 2017, three of the seven analysts covering the company have rated it a “buy” or a “strong buy.”
Berkshire Hathaway’s (BRK.B) Services and Retail division managed to post growth of 8% and revenues to $6.55 billion in 2Q17 compared to $6.39 billion in the prior year.
Berkshire Hathaway’s (BRK.B) manufacturing division has seen continued deployment from Buffett in the recent years. The division managed 4.4% top-line growth to $12.7 billion in 2Q17.
Berkshire Hathaway (BRK.B) manages its energy holdings and investments through its Berkshire Hathaway Energy or BHE subsidiary, in which it holds a 90.2% stake.
Berkshire Hathaway (BRK.B) saw its business expand in its insurance division on a YoY basis with revenues growing by 13% to $13.7 billion.
Berkshire Hathaway’s (BRK.B) BNSF Railway posted 14.5% growth in revenues to $5.3 billion in 2Q17 compared to $4.6 billion in the prior year.
Berkshire Hathaway (BRK.B) posted earnings per share (or EPS) of $2,592 in 2Q17, lower than the analyst estimates of $2,800.
VanEck London Stock Exchange Group (LSE LN) has undergone a major transformation in the past five years and has evolved from a small to a top player among exchanges. London…
VanEck Visa (V US) is a great example of how the network effect creates powerful competitive advantages for companies in the electronic payments industry. Visa (V US) dominates the global…
After regaining strength last week, the United Kingdom’s FTSE 100 Index opened higher on August 7. It was trading above 7,500 in the morning session.
After gaining for seven consecutive trading weeks, China’s Shanghai Composite Index started this week on a stronger note.
Marc Faber is worried about the present market condition and not very optimistic about the market.
The Fed stopped its balance sheet expansion in December 2015. However, other central banks are continuing their asset purchase programs.
In an interview with CNBC’s Squawk Alley on July 31, 2017, Marc Faber, editor of the Gloom, Boom & Doom Report, said the market is “very distorted.”