Berkshire Hathaway’s Stock Rallies After Bumper Earnings Report

Key takeaways

• Berkshire Hathaway saw its earnings climb 6% to a new quarterly record of $10 billion
• The conglomerate benefited from higher insurance returns, Apple stock and Treasury bills, with Berkshire Hathaway sitting on $147 billion in cash
• Berkshire Hathaway shares climbed 3.4% and 3.6%, respectively, to hit a record for the stock

It was fingers-in-all-pies conglomerate Berkshire Hathaway’s turn in the spotlight for earnings season, and the results didn’t disappoint. With earnings reaching a quarterly record and the company holding massive amounts of cash, Wall Street investors pushed the stock prices up to record highs on Monday.

As investors watch the Oracle of Omaha’s every move, the quarter was buoyed by Berkshire’s mammoth stake in Apple but was an otherwise muted quarter for stock buying. Here’s a closer look at the winners and losers of Berkshire’s companies and its investment portfolio.