We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Pre-market futures are up again ahead of the first trading day for the new week. We saw European market indexes rise and Asian markets perform even better — +1.2% on both the Shanghai and Nikkei. This follows a robust Friday in domestic indexes, particularly the 349-point gain (1.4%) in the Dow.
Warren Buffett maintained his formidable relevance this morning, appearing on CNBC’s Squawk Box with host Becky Quick following his 53rd yearly letter to shareholders released this weekend. The Oracle of Omaha spoke about his firm, Berkshire Hathaway (BRK.B - Free Report) , gaining $100 billion gain in unrealized equities, translating to massive reduced liabilities. Boiling this down, Buffett announced a $29 billion benefit from recent U.S. tax restructuring.
Buffett will also be stepping down from the board of Kraft Heinz (KHC - Free Report) , which initially pressurized shares before the rising tide of market futures lifting this boat as well. The 87-year-old with a net worth of $87 billion also spoke about his planned healthcare services platform, combining efforts of Berkshire with Amazon (AMZN - Free Report) and JPMorgan (JPM - Free Report) , while citing the healthcare industry in the U.S. is a “major economic problem.”
Specifically, Buffett cited the choice of the right CEO is crucial for this venture, with the goal being to improve healthcare for everyone. It looks to be a potentially huge enterprise without its main goal being to cut costs and turn a profit.
Q4 earnings season begins to unwind — save for the retailers, whose fiscal calendar is a month behind to collect complete holiday shopping data — but prior to today’s open, we saw a top- and bottom-line miss for Dean Foods . The dairy giant posted 25 cents per share, missing by a penny and -34% year over year, on $1.94 billion in sales which fell short of the $1.95 billion expected. Guidance for full-year 2018 is in a range of 55-80 cents per share; the Zacks consensus was 86 cents. For more on DF’s earnings, click here.
While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors.
Image: Bigstock
Oracle of Omaha Sets the Table
Monday, February 26, 2018
Pre-market futures are up again ahead of the first trading day for the new week. We saw European market indexes rise and Asian markets perform even better — +1.2% on both the Shanghai and Nikkei. This follows a robust Friday in domestic indexes, particularly the 349-point gain (1.4%) in the Dow.
Warren Buffett maintained his formidable relevance this morning, appearing on CNBC’s Squawk Box with host Becky Quick following his 53rd yearly letter to shareholders released this weekend. The Oracle of Omaha spoke about his firm, Berkshire Hathaway (BRK.B - Free Report) , gaining $100 billion gain in unrealized equities, translating to massive reduced liabilities. Boiling this down, Buffett announced a $29 billion benefit from recent U.S. tax restructuring.
Buffett will also be stepping down from the board of Kraft Heinz (KHC - Free Report) , which initially pressurized shares before the rising tide of market futures lifting this boat as well. The 87-year-old with a net worth of $87 billion also spoke about his planned healthcare services platform, combining efforts of Berkshire with Amazon (AMZN - Free Report) and JPMorgan (JPM - Free Report) , while citing the healthcare industry in the U.S. is a “major economic problem.”
Specifically, Buffett cited the choice of the right CEO is crucial for this venture, with the goal being to improve healthcare for everyone. It looks to be a potentially huge enterprise without its main goal being to cut costs and turn a profit.
Q4 earnings season begins to unwind — save for the retailers, whose fiscal calendar is a month behind to collect complete holiday shopping data — but prior to today’s open, we saw a top- and bottom-line miss for Dean Foods . The dairy giant posted 25 cents per share, missing by a penny and -34% year over year, on $1.94 billion in sales which fell short of the $1.95 billion expected. Guidance for full-year 2018 is in a range of 55-80 cents per share; the Zacks consensus was 86 cents. For more on DF’s earnings, click here.
Mark Vickery
Senior Editor
Questions or comments about this article and/or its author? Click here>>
Zacks’ Best Private Investment Ideas
While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors.
Click here for Zacks' private trades >>