DEXWireNews

Berkshire Hathaway's (NYSE: BRK.A) Key Stocks Milestone

Long
NYSE:BRK.A   Berkshire Hathaway Inc.

KEY METRICS
Berkshire Hathaway reported a third-quarter net loss of $12.77 billion.
Apple’s 12% fall over the quarter hurt the company’s $350 billion stock portfolio.
The company's cash hoard rose to a record $157.2 billion, thanks in large part to Treasury holdings.
The company continued to slow the pace of buybacks in the third quarter.

Warren Buffett's Berkshire Hathaway Inc. (BRK.A, BRK.B) reported its third-quarter earnings Saturday, which showed a net loss of $12.77 billion but the company's operating income rose by 40.65% from the year-ago period to $10.76 billion.

Yields Boost Cash Hoard
Berkshire continued to expand its huge cash hoard to a record $157.2 billion, up from $147.4 billion in the second quarter.

The cash pile is largely invested in U.S. Treasury bills, which recently surged to 5%. The company increased its Treasury bill holdings by 36% in the last year, which totaled $126 billion in the third quarter.

Berkshire is likely looking to capitalize on the yields that exceed consumer inflation by more than 1 percentage point as rising interest rates have made investments in Treasuries more attractive.

Price Momentum
BRK.A is trading near the top of its 52-week range and above its 200-day simple moving average.

What does this mean?
Investors have been pushing the share price higher, and the stock still appears to have upward momentum. This is a positive sign for the stock's future value.

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