Berkshire Hathaway Stock News

Though the Oracle of Omaha has slashed Berkshire Hathaway's stake in one of America's biggest banks, he's bought shares of another time-tested financial stock in all but one of the last 25 quarters.

Warren Buffett is struggling to find stock worth buying due to elevated valuations across the market.

Don't expect radical changes from the Oracle of Omaha if Trump wins.

Berkshire Hathaway released its third-quarter earnings on Saturday, November 2. The release showed a 6% decline in operating income and an increase in the cash pile to $325 billion. Berkshire's Apple stake took another 20% trimming.

Warren Buffett has once again sold off another large piece of his stake in Apple. As CNBC reported Saturday (Nov. 2), the billionaire investor's Berkshire Hathaway had $69.9 billion worth of Apple shares at the end of September, according to its latest earnings report.

Berkshire Hathaway continued to sell large portions of its Apple and Bank of America holdings in 3Q, bringing its cash position over $300 billion. Operational improvement now looks underway at Geico and BNSF. BHE also had no new legal charges this quarter. The stock is just under my fair value estimate, but the cash hoard provides optionality in the event of a market selloff.

Berkshire Hathaway thinks the market is so expensive, it's willing to pay the long-term capital gains taxes on its large investments. The company has built a $300+ billion cash position while generating strong earnings from its existing business. Overall, we expect the company to generate strong shareholder returns, making it a valuable investment versus the market.

The two big names are both bargains now.