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The Zacks Analyst Blog Highlights: Berkshire Hathaway, RevenueShares Financials Sector Fund, S&P Financial Select Sector SPDR Fund and iShares U.S. Financials ETF

BRK.A BRK.B RWW XLF IYF

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For Immediate Release

Chicago, IL – August 6, 2013 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Berkshire Hathaway (BRK.A - Snapshot Report)-Free Report)(BRK.B - Analyst Report)-Free Report), RevenueShares Financials Sector Fund ((RWW - ETF report)-Free Report), S&P Financial Select Sector SPDR Fund ((XLF - ETF report)-Free Report) and iShares U.S. Financials ETF ((IYF - ETF report)-Free Report).

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.

Here are highlights from Monday’s Analyst Blog:

3 ETFs in Focus on Berkshire Earnings Beat

Warren Buffett is undoubtedly one of the greatest investors of all time. His track record with picking companies below their intrinsic value and delivering outsized returns, is second to none. (Read: Invest like Warren Buffett with these ETFs)

Buffett’s time-tested investing strategies yet again delivered solid results. His flagship company Berkshire Hathaway (BRK.A - Snapshot Report)-Free Report)(BRK.B - Analyst Report)-Free Report) reported net earnings of $4.5 billion for the second quarter of 2013, up 46% from the same quarter of 2012.

Operating earnings (excluding investments and derivative gains/losses) came in at $3.9 billion or $2,384 up from $2,252 in the prior-year quarter and substantially ahead of the street estimates.(Read: 3 Top ranked ETFs for the earnings season)

Investment income from the insurance operations increased 7.1% to $1.14 billion, while operating profit at the company's noninsurance units climbed 7.8% to $2.37 billion.

The conglomerate that includes insurance, railroads companies and a wide range of consumer products businesses had reported 41% increase in earnings for the first quarter. (Read: Beat the market with ‘pure’ ETF strategies)

For investing like Buffett, investors could look at some of the ETFs that include Berkshire shares in a large proportion in their portfolio.

RevenueShares Financials Sector Fund ((RWW - ETF report)-Free Report)

RWW holds the same securities as the S&P 500 Financials Index but these 81 securities in the fund are ranked by their revenue, instead of market capitalization. The fund is re-balanced quarterly to reflect updated revenue data.

Berkshire Hathaway is the top holding of the fund with 11.6% of the asset base, followed by JP Morgan (7.5%) and Bank of America (6.8%).

The index and the fund have generally been outperforming their market cap weighted cousin but the outperformance comes with slightly higher expense ratio of 49 basis points.

RWW is currently a Zacks Rank #2 (Buy) ETF.

S&P Financial Select Sector SPDR Fund ((XLF - ETF report)-Free Report)

The largest and the cheapest fund within the financials space--XLF tracks S&P Financial Select Sector Index. Launched in December 1998, this fund has attracted more than $16.9 billion in assets so far.

The product holds 82 securities in its basket, with top allocations to Wells Fargo (8.5%), Berkshire Hathaway (8.4%) and JP Morgan (8.4%). It charges an expense ratio of just 18 basis points and has a dividend yield of 1.5% currently.

XLF is currently a Zacks Rank #1 (Strong Buy) ETF.

iShares U.S. Financials ETF ((IYF - ETF report)-Free Report)

The fund which made its debut in May 2000 currently has $1.3 billion in AUM, invested in 261 securities.

Berkshire is among the top three holdings with 6.4% of the asset base; Wells Fargo (6.5%) and JP Morgan (6.4%) are the other two. Banks take the largest share of the basket with 33.3% of the assets, followed by Financial Services (24.7%) and Non-life insurance (18.6%)

The product charges 46 basis points in annual fees and pays dividends at 1.3% annual yield.

IYF is currently a Zacks Rank #2 (Buy) ETF.  

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.

About Zacks Equity Research

Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.

Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.

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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.

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