It’s a Good Time to Buy Berkshire Hathaway Stock. Here’s Why.

Text size Berkshire Hathaway CEO Warren Buffett. Johannes Eisele/AFP/Getty Images Berkshire Hathaway has never been in better shape. Its stock looks appealing after pulling back more than 15% from its record high in March. The conglomerate’s operating profits were up 22% in the second quarter, excluding foreign-exchange gains, powered by a 56% gain in investment … Read more

Stocks Could Keep Rising If the Fed Shows Restraint

Text size As the market rebounds, speculative stocks are stirring. For proof, consider Cathie Wood’s ARK Innovation ETF, up about 40% since mid-June. David Swanson/Reuters/Alamy What bear market? Stocks continued their summer rally this past week as better-than-expected inflation results helped lead to a 3.3% gain in the S&P 500 index, its fourth consecutive weekly … Read more

Gold Has Been a Disappointment This Year. What Could Change That.

Rising interest rates and strength in the dollar contributed to gold’s drop to $1,700.20 an ounce on July 20, the lowest finish since March 30, 2021. Here: a row of gold ingots in a foundry. Andrey Rudakov/Bloomberg Text size Gold has failed to show its value as a haven investment so far this year, with … Read more

Stocks Break Out. There Are Signs Inflation and Interest Rates May Peak Sooner.

Text size A copper smelter in Jinhua, China. Copper prices, often a signal of where the economy is headed, fell 6% this past week. Top Photo/Sipa USA/Alamy The stock market has predicted nine of the past five recessions, economist Paul Samuelson famously quipped back in the 1960s. A half-century later, is the stock market driving … Read more

Gas-Tax Holiday Is a Gimmick. Here Are Some Better Ideas.

President Biden’s proposed gas-tax holiday is both a gimmick and dead on arrival. Yet, it is attracting inordinate attention across Washington and on Wall Street. There are viable ways to improve energy-price inflation, but they aren’t quick fixes. Nor are they politically comfortable. Earlier this month, this column said that policy makers and politicians are … Read more

Citigroup Stock Is the Cheapest of the Big Banks. It’s Ready to Take Off.

Text size Even Warren Buffett’s Berkshire Hathaway has been buying Citi stock, a vote of confidence if there ever was one. Mario Tama/Getty Images Bank stocks have gotten hit as concerns about the U.S. economy have grown. They’re starting to look like bargains, and none more so than Citigroup . The SPDR S&P Bank exchange-traded … Read more

If Oil Keeps Rising, These 5 Stocks Could Benefit

Text size The price of oil has been steadily rising, while making higher highs and higher lows. Xiaomin Wang/Dreamstime.com Oil could be headed for $150 a barrel. That might not be good for the economy, but it would be great news for energy stocks. Crude prices had been under pressure since peaking in March, as … Read more

Markets Finally Reversed Their Losing Streaks. The Fed Might Avoid Inflicting More Pain, After All.

Text size A ‘help wanted’ sign is displayed in a Manhattan store in New York City. Spencer Platt/Getty Images Nothing lasts forever, not even a stock market decline. But just because a market stops going down doesn’t mean it will continue to rise. This past week, the S&P 500 and Nasdaq Composite broke their skeins … Read more

It Might Not Be Time to Buy Stocks Yet. This Technical Analyst Sees the Market Going Even Lower.

Text size Michael Nagle/Bloomberg The major U.S. stock market indexes have lost roughly 12% to 25% this year, a painful setback after two years of gains. Time to buy? Not so fast, based on a technical analysis of current market conditions. Andrew Addison, a veteran market technician, proprietor of the Institutional View research service, and … Read more

The ‘Fed Put’ Has Finally Expired. What Investors Should Do Now.

Jerome Powell’s recent news conference lingers like a traumatic Zen koan. The Fed chairman said one thing, but what if it means something else and even he doesn’t realize it? Powell affably told the reporters who follow him around that the Federal Reserve isn’t actively considering an interest-rate hike of three-quarters of a percentage point. … Read more