Berkshire Hathaway Inc. ($BRK.B) Stock Forecast: Down 1.7% Today

What is Berkshire Hathaway Inc.?

BRK.B is the stock symbol for Berkshire Hathaway, a multinational conglomerate holding company led by renowned investor Warren Buffett. Berkshire Hathaway is known for its diverse investment portfolio across various industries.

Why is Berkshire Hathaway Inc. going down?

BRK.B stock is down 1.7% on Aug 2, 2024 14:52

• Berkshire Hathaway's bearish movement today can be attributed to the significant selling spree of Bank of America shares, totaling over $3.8 billion. This divestment could indicate a strategic shift in Berkshire's investment strategy or a reevaluation of its holdings.
• The continuous offloading of Bank of America shares by Berkshire Hathaway likely influenced investor sentiment negatively, leading to the bearish market movement of BRK.B.
• The market may be reacting to the news of Berkshire Hathaway exploring alternatives to diversify its holdings beyond traditional banking stocks, as suggested by the discussion on other holding company stocks as potential investments.
• Warren Buffett's emphasis on choosing the right heroes and mentors may provide insights into the long-term vision and decision-making process of Berkshire Hathaway, influencing market perceptions and trading activity.

BRK.B Price Chart

BRK.B News

Buffett's Berkshire sells $3.8 billion worth of Bank of America in 12-day selling spree

Berkshire Hathaway dumped a total of 19.2 million BofA shares over the past three days for almost $779 million, according to a new regulatory filing.

https://www.cnbc.com/2024/08/02/buffetts-berkshire-sells-3point8-billion-worth-of-bank-of-america-in-12-day-selling-spree.html

3 Holding Company Stocks to Buy Other Than Berkshire Hathaway

I’m a big fan of Berkshire Hathaway (NYSE: BRK-A , BRK-B ) and Warren Buffett. As a result, I’ve become a big fan of holding company stocks. While they’re not very popular with most investors, I’m always looking for Berkshire Hathaway alternatives that have lots of moving parts. I love that. The harder to evaluate the better. I’ve always viewed Berkshire Hathaway as a sports team in that it’s got lots of different pieces delivering an above-average overall performance. Sometimes one or two of these pieces help keep it moving in the right direction. Like sports teams, no business is moving 100% forward. There are always weaknesses. Diversification helps avoid too many potholes. With that in mind, I’m looking for holding company stocks of all sizes — I’m not talking about bank holding companies — that use diversification to their advantage. Here are my three choices with one large, medium and small holding company stock. Exor (EXXRF) Source: Hadrian / Shutterstock Exor (OTCMKTS: EXXRF ) is the largest of the three holding companies with a market cap of 20.86 billion euros ($22.55 billion).

https://investorplace.com/2024/08/3-holding-company-stocks-to-buy-other-than-berkshire-hathaway/

Buffett offloads more Bank of America shares; sales top $3.8 billion By Reuters

(Reuters) – Berkshire Hathaway (NYSE:), run by billionaire Warren Buffett, extended its selling of Bank of America shares, and has shed more than $3.8 billion of the second-largest U.S. bank’s stock since mid-July. Berkshire sold approximately 19.2 million Bank of America shares for about $779 million between July 30 and Aug. 1, according to a […] The post Buffett offloads more Bank of America shares; sales top $3.8 billion By Reuters appeared first on TheAdviserMagazine.com .

https://theadvisermagazine.com/market-research/stock-market/buffett-offloads-more-bank-of-america-shares-sales-top-3-8-billion-by-reuters/

Berkshire Hathaway sells Bank of America shares worth over $778 million

https://www.investing.com/news/company-news/berkshire-hathaway-sells-bank-of-america-shares-worth-over-778-million-93CH-3551068

https://www.investing.com/news/company-news/berkshire-hathaway-sells-bank-of-america-shares-worth-over-778-million-93CH-3551068

Warren Buffett Once Said That The ''Best Thing'' He Did Was Choose ''The Right Heroes'' — Who Was Berkshire Hathaway Chair''s Biggest Role Model?

Warren Buffett , the Oracle of Omaha, is known worldwide not only for his investment acumen but also for the wisdom he imparts to the business world. Among his many pieces of advice , one stands out: choosing the right heroes. What Happened: In Roger Lowenstein''s book, Buffett: The Making of An American Capitalist, Buffett spoke about the significance of his role models. "The best thing I did was to choose the right heroes," he stated, adding, "It comes from Graham." Benjamin Graham , Buffett''s mentor at Columbia University, often referred to as the father of value investing, had a huge impact on Berkshire Hathaway''s chair. Graham''s teachings were not just about making money but about living a principled and disciplined life. … Full story available on Benzinga.com

https://www.benzinga.com/news/24/08/40120575/warren-buffett-once-said-that-the-best-thing-he-did-was-choose-the-right-heroes-who-was-berkshire-ha

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Berkshire Hathaway Inc. Price History

26.01.2024 - BRK.B Stock was down 3.4%

• Berkshire Hathaway's stock, BRK.B, experienced a strong bearish movement despite the overall market showing signs of stability.
• The premarket trading activity indicated a rise in Berkshire Hathaway's stock price, potentially influenced by positive earnings updates over the weekend, setting the conglomerate on course for a record high.
• Speculation around Warren Buffett's investment strategies and potential market opportunities may have contributed to the initial positive sentiment but was not enough to sustain the bullish momentum.
• The contrasting views on investing in companies like Mastercard, a part of Berkshire Hathaway's portfolio, highlight the importance of conducting thorough analysis before following legendary investors like Warren Buffett.

26.05.2023 - BRK.B Stock was down 0.8%

• Berkshire Hathaway sold $86.3 million worth of shares in electric vehicle maker BYD, which led to a decrease in their holdings in BYD's issued H-shares.
• This news might have caused investors to lose confidence in the company's future prospects, leading to a bearish movement in the stock.
• However, it is important to note that Berkshire Hathaway is still near all-time highs and is considered a strong performer in 2023.

06.10.2023 - BRK.B Stock was down 1.5%

• Berkshire Hathaway registered a Q3 loss despite strong operating earnings and record cash reserves.
• Warren Buffett's Berkshire Hathaway has been selling its stake in Chinese electric car stock BYD.
• Berkshire Hathaway reported increased liquidity, leading to speculation that Buffett is gearing up for dip buying.
• The stock short-selling ban in South Korea and Burger King's decision not to expand plant-based offerings may have also impacted market sentiment.
• Overall, the bearish movement in BRK.B could be attributed to the Q3 loss, the reduction in BYD stake, and the uncertainty surrounding the stock market, as reflected in the increased liquidity and potential dip buying strategy by Warren Buffett. The news articles provide insights into these factors that may have influenced the market movement.

07.07.2023 - BRK.B Stock was up 0.0%

• The bearish movement in BRK.B today could be attributed to the following factors:
• 1. Market Volatility: The overall market might be experiencing increased volatility, leading to a decline in the value of many stocks, including BRK.B.
• 2. Semiconductor Industry Concerns: The article mentioning the headwinds faced by the semiconductor industry could have created a negative sentiment towards BRK.B, as Berkshire Hathaway has significant investments in various sectors, including technology.
• 3. Warren Buffett's Investments: The news articles highlighting Warren Buffett's investments and his frugal lifestyle might have influenced market sentiment, leading to a bearish movement in BRK.B.

07.07.2023 - BRK.B Stock was up 1.8%

• The bullish movement in BRK.B today can be attributed to the following factors:
• 1. Berkshire Hathaway's continued investment in treasuries: Despite the Fitch downgrade, Berkshire Hathaway's ongoing purchase of $10 billion worth of treasuries per week indicates a strong belief in the stability and potential returns of these investments.
• 2. Highest-ever quarterly operating profit: Berkshire Hathaway recently reported its highest-ever quarterly operating profit, driven by gains in stock holdings, rising interest rates, and increased dividend payouts. This positive financial performance likely contributed to the bullish movement in BRK.B.
• 3. Improved performance of Geico car insurer: The significant improvement in Geico's performance resulted in a 38% increase in profit for Berkshire's insurance businesses. This positive development may have boosted investor confidence in the company and contributed to the bullish market movement.
• 4. Increase in cash stake: Despite being a net seller of stocks, Berkshire Hathaway's increase in its cash stake to $147.4 billion indicates a strategic approach to managing its investments. This move may have been perceived positively by investors, leading to the bullish movement in BRK.B.

02.07.2024 - BRK.B Stock was down 1.7%

• Berkshire Hathaway's bearish movement today can be attributed to the significant selling spree of Bank of America shares, totaling over $3.8 billion. This divestment could indicate a strategic shift in Berkshire's investment strategy or a reevaluation of its holdings.
• The continuous offloading of Bank of America shares by Berkshire Hathaway likely influenced investor sentiment negatively, leading to the bearish market movement of BRK.B.
• The market may be reacting to the news of Berkshire Hathaway exploring alternatives to diversify its holdings beyond traditional banking stocks, as suggested by the discussion on other holding company stocks as potential investments.
• Warren Buffett's emphasis on choosing the right heroes and mentors may provide insights into the long-term vision and decision-making process of Berkshire Hathaway, influencing market perceptions and trading activity.