BRK.B Berkshire Hathaway’s latest quarter, Warren Buffett’s final earnings call as CEO, showed steady core business performance, a strong insurance boost, and growing cash reserves. Operating earnings rose to $14.4 billion, revenue increased 2% to $95 billion, and net earnings climbed 17% to $30.9 billion. Insurance underwriting more than tripled to $2.4 billion, while BNSF and manufacturing posted modest gains. The balance sheet hit a record $382 billion in cash and equivalents, though the company continued to avoid share buybacks.
Despite lagging stock performance since Buffett’s retirement announcement, the $9.7 billion OxyChem acquisition signals Abel’s first major move and sets the stage for future capital deployment. Overall, the quarter reflects solid underlying results, a strong financial position, and a careful transition to new leadership.
BRK.B is sitting in a textbook Qullamaggie breakout in a bullish flag on the 1H chart. It is sitting on support levels from 8/27, 9/10, 9/16, 10/10, 10/16 and if you happen to scroll back a bit to 4/9. We are also sitting at the April TACO V shape recovery support. When the world zigs, do we zag? Same with game theory tit for tat etc. If you look up the option chain, there is very little resistance. We ride at dawn gents and gawns.
BRK.B Following up on the previous mind. Price action has been playing out just as expected. My base case is we start rallying after this sideways movement. This movement has allowed the MA's to recover. We could see a final dump as we get a Golden Cross, that kickstarts the EOY rally we've been waiting for. A 10% rally is still in play to hit that $540 target. Will follow up again in December.
BRK.B Berkshire Hathaway’s latest quarter, Warren Buffett’s final earnings call as CEO, showed steady core business performance, a strong insurance boost, and growing cash reserves. Operating earnings rose to $14.4 billion, revenue increased 2% to $95 billion, and net earnings climbed 17% to $30.9 billion. Insurance underwriting more than tripled to $2.4 billion, while BNSF and manufacturing posted modest gains. The balance sheet hit a record $382 billion in cash and equivalents, though the company continued to avoid share buybacks. 
