Bruce Bentley

  Warren Buffett's Berkshire Hathaway posted a quarterly profit on stock market gains and better insurance results. Berkshire BRK.B, -0.95% BRK.A, -1.29% reported net income of $ 11.7 billion, or $ 7,638 per Class A share equivalent, on Saturday, compared with a loss of $ 49.7 billion. $ Or $ 30,653 per Class A share equivalent for the same period last year. Operating profit, which excludes some investment results, increased to $ 7.02 billion from $ 5.87 billion a year ago. Berkshire had around $ 145.4 billion in cash at the end of the first quarter, up from around $ 138.3 billion at the end of 2020. The conglomerate runs a large insurance operation, as well as railways, utilities, industrial manufacturers, retailers, and even car dealerships. It also holds great investments, especially in the stock market . A change in accounting rules in recent years has meant that Berkshire's earnings often reflect the higher performance of the stock market, while operating earnings mor...

Stocks that could potentially be removed from Korea's large-cap tracking benchmarks and MSIC index could become initial targets for shot selling once the cap hits May following a 14-month ban that started with Big -Cap issuance begins to be lifted. Selling short enables an investor to take advantage of falling stocks. The practice has been temporarily banned as part of the Covid-19 market since March last year, but is expected to resume on May 3. Stock short sales are typically made by overseas investors, so market experts believe that stocks that have strong overseas net selling or a sudden surge in borrowing could be short selling targets. According to Samsung Securities, from June 2017 to March 2020, offshore investors were 65 percent short in the Kospi market and 73 percent in the Kosdaq market. Samsung Securities selected Lotte Tour Development, Doosan Infracore, Hotel Shilla, Hanjin KAL, Samsung Heavy Industries, Toptec, Partron and BH as likely targets. Some overvalued...