All Posts Tagged With: "BRKB"
(DHI) U.S. Home Prices Keep Falling
In January, home prices continued to slip, although the declines were less widespread than in recent months. The Case-Schiller Composite 10 City index (C-10) fell 0.22% on a seasonally adjusted basis, and is down 2.03% from a year ago. The broader Composite 20 City index (which...
(BRKB) Understanding Japan’s Disaster
The awful news out of Japan just seems to keep getting worse. There are now four reactors that are in trouble and significant (although outside the gates of the plant, not immediately dangerous) levels of radiation have been released into the atmosphere. That has severely...
(DHI) U.S. Reports Record Low New Home Sales
New Home Sales in February fell by 16.9% from January to a dismal rate of 250,000. Relative to a year ago, sales are down 28.0%. In a very faint silver lining to an otherwise dismal report, the January rate was revised up to 301,000 from 284,000. Thus relative...
(BRKB) Berkshire Hathaway – B – Bull of the Day
Berkshire Hathaway’s (BRKB) fourth quarter earnings were up year over year, driven by an increase in revenue from the company’s economy-sensitive business – Utilities & Energy and Manufacturing,...
(BRKB) Financials and Transportation Sector Watch
In my weekly Earnings Trends report, I rank the 16 economic sectors on a wide variety of earnings and sales metrics. The report just looks at the 500 firms in the S&P 500, not the whole Zacks Universe. However, since it is organized by the individual metric, such as Annual...
(L) Loews Analyst Maintains Neutral on Shares
We are retaining our Neutral rating on Loews Corporation (L), as higher net investment income from limited partnerships, coupled with favorable net prior year development at CNA and improved...
(WFC) Are Federal Reserve Bank Stress Test Results an Encouraging Sign?
Following the release of the Federal Reserve’s much-awaited stress test results on Friday, many big banks that were granted the green signal took immediate action to raise their dividends. The Fed allowed America’s strongest banks that have passed the second round of stress...
(AAPL) Company News for March 15, 2011 – Corporate Summary
• Berkshire Hathaway (NYSE:BRKB) agreed to buy The Lubrizol Corporation (NYSE:LZ) for $135 per share. This all cash deal is estimated at $9 billion
16Mar2011 | vitalstocks | 0 comments | Continued(AAPL) Stock Market News for March 15, 2011 – Market News
On Monday a host of worrying events in Japan took the markets lower. After dropping to their lowest intraday levels in six weeks, the major U.S. stock indexes rebounded late in the afternoon and markets trimmed their losses.
The market strength was as usual on the declining...
(ALL) Allstate Announces 5% Dividend Hike
On Tuesday, home and auto insurer, The Allstate Corp. (ALL) announced a dividend increment of 5% from the prior 20 cents, marking the first hike since 2008. The quarterly cash dividend of 21 cents will be...
(DHI) U.S. January 2010 New Home Sales Dismal
New Home Sales in January fell by 12.6% from December, to a dismal rate of 284,000. Relative to a year ago, sales are down 18.6%. The December rate was revised down to 325,000 from 329,000. Thus relative to where we thought we were, it could be seen as a 13.7%...
(SHW) Existing Home Sales Rise – Analyst Blog
In January, existing home sales ran at a seasonally adjusted annual rate of 5.36 million. That pace is 2.7% higher than in December, and 5.3% above the year-ago rate.
The year-ago rate of 5.09 million was depressed as everyone was rushing to get the deals done in November...
(DHI) U.S. Home Prices Fall Again in December – Case-Schiller
In December, home prices continued to slip, and the declines were very widespread. The Case-Schiller Composite 10 City index (C-10) fell 0.36% on a seasonally adjusted basis, and is down 1.22% from a year ago. The broader Composite 20 City index (which includes the cities...
(SHW) U.S. Existing Home Sales Rise
In December, existing home sales ran at a seasonally adjusted annual rate of 5.28 million. That pace is 12.3% higher than in November, but 2.9% below the year-ago rate. The year-ago rate of 5.44 million was inflated as everyone was rushing to get the deals done before they...
(DHI) Economic Update – October 2010 – U.S. Home Prices Still Falling
In October, home prices continued to slip, and the declines were very widespread. The Case-Schiller Composite 10 City index (C-10) fell 0.93% on a seasonally adjusted basis and is up just 0.20% from a year ago. The broader Composite 20 City index (which includes the cities...
(DHI) Second Leg of Home Price Declines Underway
In September, home prices continued to slip, and the declines were very widespread. The Case-Schiller Composite 10 City index (C-10) fell 0.67% on a seasonally adjusted basis, and is up just 1.52% from a year ago. The broader Composite 20 City index (which includes the cities...
(DHI) October U.S. New Home Sales Still Falling
New Home Sales in October fell by 8.1% from September to a dismal rate of 283,000. Relative to a year ago, sales are down 28.5. It’s not like September was a strong month for new home sales, either — the six lowest months on record (back to 1963)...
(DHI) U.S. November New Home Sales Disappoint
New home sales in November rose by 5.5% from October, but that puts them at a dismal rate of 290,000. The percentage increase is a bit exaggerated as well, since the October numbers were revised down to 275,000 from 283,000. Thus relative to where we thought we were, the increase...
(SHW) U.S. Used Home Sales Rise in October
In November, existing home sales ran at a seasonally adjusted annual rate of 4.68 million. That pace is 5.6% higher than in October, and 27.9% below the year-ago rate. The year-ago rate of 6.49 million was inflated as everyone was rushing to get the deals...
(DHI) U.S. Housing Starts Up, Permits Down
Housing Starts rose in November to a seasonally adjusted annual rate of 555,000 from 534,000 in September, an increase of 3.9%. The October numbers were revised higher from 519,000, so it is possible to see the increase as 21,000 or 6.9%.
Relative to...
(SHW) U.S. Pre-Existing Home Sales Fall in October 2010
In October, existing home sales ran at a seasonally adjusted annual rate of 4.43 million. That pace is 2.2% lower than in September, and 25.9% below the year-ago rate. The year-ago rate of 5.98 million was inflated as everyone was rushing to get the deals done before they...
(WMT) Case-Schiller Index Shows Home Prices Falling Again
Home prices are falling again. This morning, the Case-Schiller Index data for August (actually a three month average of June, July and August) was released. For the month, on a seasonally adjusted basis, the composite 10 city index (C-10) fell 0.17% while...
(L) Loews Analyst Upgrades Shares to Neutral
We are upgrading our recommendation on the shares of Loews Corp. (L) to “Neutral” from “Underperform” in view of our expectations of improved earnings from its CNA Financial segment, going forward.
Recently,...
(BRKB) Housing Starts Surge – Analyst Blog
Housing Starts surged in August, but the good news is probably better toasted with Miller than with Moet. Total housing starts rose 10.5% to an annualized rate of 598,000, well ahead of consensus expectations of just 550,000. However, that was from July starts...
(LEN) July Begins Second Downleg in Housing Prices
In July, home prices started to slip again, but unevenly across the country. The Case-Schiller Composite 10 City index (C-10) rose 0.03% on a seasonally adjusted basis, and is up 4.01% from a year ago. The broader Composite 20 City index (which includes the cities in the C-10)...
(WSC) Berkshire Hathaway Buys 20% of Munger’s Wesco Financial Corporation
Yesterday, Waren Buffett, the chairman and CEO of Berkshire Hathaway Inc. (BRKA, BRKB) announced its intention to buy 20% of Wesco Financial Corp....
(DHI) U.S. Housing Starts Still Weak
In July, Housing Starts rose to a seasonally-adjusted annual rate of 546,000, an increase of 1.7% over the 537,000 rate in June. However, the June rate was revised down from 549,000 so, relative to where we thought we were yesterday, it is a decline of 0.5%....
(L) Loews Quarterly Earnings Beat on Bottom Line
Loews Corporation (L) reported its second-quarter 2010 net income of 87 cents per share, beating the Zacks Consensus Estimate of 82 cents. Results compare favorably with 78 cents per share in the prior-year...
(PCL) U.S. New Home Sales Rise in June
New Home Sales rose 23.6% in June from May to a seasonally adjusted annual rate of 330,000. However, the May total was revised down sharply from a rate of 300,000 to 267,000. Thus, relative to where we thought we were, the increase was more like 10%.
Relative to a year...
(LEN) U.S. New Home Sales Collapse
Everyone expected that New Home Sales would be weak, but not that weak. In May, new homes were selling at a seasonally-adjusted annual rate of 300,000, 32.7% below the 446,000 rate in April and even 18.3% below the very depressed...