Buffett Spit-Shines Berkshire Earnings (BRK-A, BRK-B, COP, GS) Berkshire Hathaway Inc. (BRK-A, BRK-B) has just released earnings for its second quarter. Warren Buffett and friends reported earnings of some $3.3 billion, or…
ConocoPhillips (NYSE: COP) has reported earnings. The Buffett-oil trade posted earnings of $1.298 billion, or $0.87 EPS. As oil price are down significantly over last year, this compares with earnings of $5.439…
Douglas A. McIntyre We have already seen earnings from Valero Energy Corp. (NYSE: VLO) and BP Plc (NYSE: BP), and these figures are acting to keep a lid on oil stocks. There is, of course,…
How frequently has Warren Buffett been bashed by the media over Berkshire Hathaway Inc.’s (NYSE: BRK-A) lackluster performance ? What was interesting to see is his stake being lowered in Moody’s Corp.…
Reuters: Microsoft’s (MSFT) results and forecast were weak. Reuters: CIT (CIT) may sell its aviation finance business. Reuters: Fatigue at the Fed is leading to questions about its expanded role. Reuters: Twitter…
These are the top pre-market analyst downgrades or cautious research calls we have seen from Wall Street this Thursday morning: Conoco Philips (COP) Started as Sell at Societe Generale. Corporate Executive Board…
These are the top ten early bird analyst upgrades and downgrades from Wall Street early this Tuesday morning with more than two hours until the market opens. BHP Billiton (BHP) Raised to…
Reuters: Obama proposed sweeping reform for financial industry. Reuters: A number of large banks repaid TARP. (JPM)(GS)(BBT)(COP)(STT)(AXP)(USB) Reuters: Consumer prices show inflation is in check. Reuters: China could still be a big…
It has become commonplace among analysts and oil traders to fear that crude prices are up so much that inflation will have to return the market. A recent piece from Reuters reinforces…
We keep getting asked a single question from readers and from our own industry and professional contacts: Are Oil Stocks Cheap? There is a very simple answer in today’s markets: Oil stocks…
Exxon Mobil Corp. (NYSE: XOM) may be getting deeper and deeper in Alaska via a monster pipeline project. A report from the Houston Chronicle said the oil giant is in discussions with…
Reuters: Fiat closed its deal for control of Chrysler. Reuters: California may be hit by an economic “meltdown.” Reuters: May foreclosures were third highest month ever recorded. Reuters: The US named a…
The theory that the recession would mitigate the price of oil had all the trappings of being true. Consumption in the US, UK, EU, and Japan happen to be down substantially. Industrial…
Shell is the largest oil company in Europe and one of the biggest in the world. Its assessment of the industry and the direction of the price of oil is probably as accurate…
We have just gotten the Warren Buffett and Berkshire Hathaway Inc. (NYSE: BRK-A)(BRK-B) holdings for the end of Q1-2009. The cut off date here was March 31, 2009 and there are some…