Naughty Flicks

Skip NavigationMarketsBusinessInvestingTechPolitics & PolicyVideoWatchlistInvesting ClubPROLivestreamMenuThe stock market has been volatile of late as a cocktail of elevated oil prices and persistent inflation rattles investors. That that hasn’t been the case with Berkshire Hathaway . The conglomerate’s Class A shares are on track for their 10 th consecutive day of gains. That would mark their first 10-day rally since January 2018. The stock on Tuesday also hit an intraday high of $786,000 — a level not seen since Aug. 11. The $1 trillion holding company, best known for its leadership under legendary investor Warren Buffett, is up more than 5% since the streak began as investors weigh potential tailwinds for the conglomerate under Greg Abel, who took over as CEO in January. The rally also comes as Berkshire puts its massive cash reserves to work. Its most recent move is a $330 million investment in digital media company Bending Spoons . The latest infusion follows Berkshire’s $600 million investment from July, when the Italy-based serial acquirer went public on the Nasdaq. Berkshire has also grown its stake in homebuilder Lennar and now more than 13% of shares outstanding, per FactSet. BRK.A mountain 2026-10-01 BRK.A stock performance month-to-date. A contributing factor to the stock’s recent strength could be higher short-term interest rates, according to Meyer Shields, analyst at Keefe, Bruyette & Woods. He noted that the company is flush with cash, “a good symbol of continued patience under the new CEO,” Shields told CNBC. But it also means that if short-term interest rates go up, “they’ll be making more money.” The 2-year Treasury yield pulled back from its peak of 4.9% in late September and currently sits around 4.80%. Berkshire, as a major player in the insurance space, could also benefit from “no hurricane landfalls in the third quarter,” Shields said, suggesting that the reassessment and potential limiting of overall catastrophe reinsurance results “worked out in their favor.” Fluctuations in oil prices could be another factor in Berkshire’s favor since the firm has a diverse set of investments in the energy space under its global energy holding company, Berkshire Hathaway Energy, Shields said. The winning streak comes nearly a month after Buffett officially stepped down as chairman on Sept. 18, succeeded by his son, Howard. Warren Buffett now serves as chairman emeritus of Berkshire.Read More