• Berkshire Hathaway's Cautious Moves: Navigating Market Challenges with Warren Buffett's Insights

  • Nov 13 2024
  • Length: 2 mins
  • Podcast

Berkshire Hathaway's Cautious Moves: Navigating Market Challenges with Warren Buffett's Insights

Listen for free

View show details

  • Summary

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

    1. **Current Price and Intraday Trading Range**: As of November 5, 2024, BRK.A stock price is $666,684.00 with a trading range of $613,000.00 to $621,644.00 in recent days[1][2].

    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 is provided for comparison[1].

    4. **Recent News or Announcements**: Recent news includes Berkshire Hathaway's Q3 results, showing a -6.2% Y/Y decline in operating earnings and a record cash pile of $325.21B. Warren Buffett also reduced stakes in Apple and Bank of America by more than 20% each in Q3[1].

    5. **Major Analyst Updates or Price Target Changes**: CFRA downgraded BRK.A to "Hold" following less-than-stellar Q3 results[1].

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

    7. **Related 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**:
    - **Support and Resistance**: The support price is $659,232.30 and resistance is $670,267.70 based on a 1-day standard deviation move[1].
    - **Moving Averages**: The technical indicators show a bullish trend in moving averages but neutral overall technical indicators and bearish moving averages crossovers[2].
    - **Beta**: The 60-month beta is 0.87, indicating lower volatility compared to the market[4].

    **Market Sentiment**: The overall sentiment seems cautious due to the recent downgrade and mixed technical indicators. The significant reduction in stakes in Apple and Bank of America also suggests a conservative approach by Warren Buffett. The record cash pile indicates potential for future investments but also reflects a cautious stance in the current market environment.
    Show More Show Less
Show More Show Less

What listeners say about Berkshire Hathaway's Cautious Moves: Navigating Market Challenges with Warren Buffett's Insights

Average Customer Ratings

Reviews - Please select the tabs below to change the source of reviews.

Audible.com.au reviews

Amazon Reviews
No Reviews are Available
In the spirit of reconciliation, Audible acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respect to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today.