Why Berkshire Hathaway's Latest Report Is Good News for the Entire Stock Market
The stock market has rebounded from a tough October with big gains during the first few days of November. Investors took some of that enthusiasm into the new week on Monday morning, with stock index futures suggesting a modestly higher open when trading begins on Wall Street.
It's rare for companies to release their latest financial results over a weekend, but Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) has made a point of doing things a little bit differently throughout its history. The news from the Warren Buffett-led Berkshire might not have looked all that good on its face. But looking beneath the surface, you can see plenty of signs of strength that are favorable signs for the broader U.S. economy.
The misleading headline that you might see in response to Berkshire's third-quarter financial results will point to the company's massive loss for the period. Using generally accepted accounting principles (GAAP), Berkshire lost $12.77 billion during the period, working out to $8,824 per class A share or $5.88 per class B share.
Source Fool.com
Berkshire Hathaway Inc. A Stock
Our community is currently high on Berkshire Hathaway Inc. A with 3 Buy predictions and 0 Sell predictions.
With a target price of 650000 € there is a slightly positive potential of 7.97% for Berkshire Hathaway Inc. A compared to the current price of 602000.0 €.
