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☆ Stocks making the biggest moves premarket: Apple, CarMax, Bed Bath & Beyond and more
  + stars: | 2022-09-29 | by ( Peter Schacknow | ) www.cnbc.com   time to read: +3 min
CarMax (KMX) – CarMax shares slumped 12.1% in premarket trading after the auto retailer missed estimates on both the top and bottom lines for its latest quarter. Bed Bath & Beyond (BBBY) – The housewares retailer posted a wider-than-expected quarterly loss and sales that fell short of consensus. MillerKnoll (MLKN) – MillerKnoll fell 7.3% in the premarket after its quarterly profit beat analyst estimates, although revenue fell short. Jefferies Financial (JEF) – Jefferies shares rose 1.6% in premarket action after posting a better-than-expected quarterly profit. The purchases came after Occidental shares lost about 20% of their value in less than a month.
☆ Short Warren Buffett? KBW gives bet against Berkshire as one of its top year-end trades
  + stars: | 2022-09-07 | by ( Yun Li | ) www.cnbc.com   time to read: +3 min
KBW believes that one of the biggest reasons for a near-term pullback in Berkshire's stock is the likely slowdown in share repurchases. Buffett had supported Berkshire's stock through an aggressive and consistent buyback program over the past few years. Berkshire spent approximately $1 billion on share repurchases during the second quarter, compared with $3.2 billion in the first quarter. Geico risk Lastly, KBW noted that Berkshire's auto insurance giant Geico is still grappling with rising labor and auto parts costs. In the second quarter, Geico reported an underwriting loss of $487 million, even as the conglomerate's other insurance lines registered gains.
☆ Warren Buffett's stock shopping spree slows down even during market's big pullback. Here's why
  + stars: | 2022-08-08 | by ( Yun Li | ) www.cnbc.com   time to read: +4 min
Warren Buffett's stock-buying spree slowed down drastically in the second quarter even during the market's big correction, and analysts said the "Oracle of Omaha" could be preserving capital for other uses. Berkshire Hathaway 's net stock purchase fell to $3.8 billion in the second quarter, compared with more than $41 billion in the first quarter, the conglomerate's quarterly reports showed. Berkshire Hathaway Energy? Berkshire now owns 92% of Berkshire Hathaway Energy, with the rest belonging to the family of the late billionaire philanthropist Walter Scott who passed away last September at age 90. The bulk of the losses were within Berkshire's largest positions, including Apple ($34 billion loss on Berkshire's position during the second quarter), Bank of America ($10 billion loss) and American Express ($7 billion loss).
☆ Bank stocks, once a Buffett favorite, take a back seat at Berkshire Hathaway amid recession worries
  + stars: | 2022-04-28 | by ( Hugh Son | ) www.cnbc.com   time to read: +5 min
In this article BRK.A Follow your favorite stocks CREATE FREE ACCOUNTWarren Buffett, Chairman and CEO of Berkshire Hathaway. David A. Grogan | CNBCWarren Buffett has begun to unleash Berkshire Hathaway 's massive cash stockpile in recent weeks, snapping up an insurer and multi-billion dollar stakes in energy and computer corporations. Like another top Buffett industry — railroads — banks are part of the infrastructure of the country, a nation he continually bets on. (Watch the 2022 Berkshire Hathaway annual shareholders meeting live on Saturday, April 30 at 9:45 a.m. Despite the industry becoming significantly cheaper to own, Buffett reversed many of his wagers, unloading JPMorgan, Goldman and Wells Fargo.
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