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Berkshire Hathaway’s Top 3 Stocks Report up to 77% Gains YTD




Top 3 Stocks Picked by Berkshire Hathaway up to 77% YTD

According to the research data analyzed and published by Stock Apps, RH is the best-performing stock on the Berkshire Hathaway portfolio given that it has increased by 77.69% year-to-date (YTD). Previously known as Restoration Hardware, RH has gained 116.27% in the trailing one-year period as of October 6, 2020.

The luxury furniture chain’s Q2 2020 results beat analysts’ estimates, raking in $709.3 billion in revenue and $3.71 earnings per share (EPS). According to Thomson Reuters, the expectation was $707.14 million in revenue and $3.41 EPS.

Amazon Gains 71.60% YTD as Apple Soars by 56.83%

RH is planning to launch in Europe in the summer of 2021. According to Cowen & Co. analysts, the firm’s revenue is expected to reach $160 million in the UK in the first year of its launch. By the second year, the estimate is expected to grow to $450 million.

On the other hand, Amazon was the Berkshire Hathaway portfolio’s second best performer, with a YTD growth of 71.60%. Over the trailing one-year period, it surged by 84.64%. In Q2 2020, Amazon’s revenue surged 40% to $88.9 billion year-on-year (YoY). Its net income doubled to $5.2 billion while EPS rose from $5.22 to $10.30. Analysts had estimated $81.53 in revenue and $1.46 in EPS.

Apple was the third top-performer on the portfolio, with a YTD gain of 56.83% as of October 6, 2020. It had grown by 107.66% over the trailing one-year period. During its fiscal Q3, Apple’s revenue grew by 11% to $59.7 billion. Analysts had projected a 2% drop to $52.6 billion.

Berkshire Hathaway has underperformed the S&P 500 in 2020. It dropped by 2% in Q2 2020, compared to the latter’s 20% rally. Its YTD return was -5.8% against the S&P 500’s 4.97%. Part of the reason for this is its bank-heavy portfolio. Of its top 10 stocks, banks have a 32.5% share. Bank of America alone holds an 11% share, and according to Marketwatch, it is down by 30.10% YTD.

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and, with over a decade experience in the global financial markets.

Stock Market

Bank Stocks Top Charts Amid Strong Third Quarter Performance



Zenith Bank

Bank stocks top both gainers’ and top traded stocks’ charts on Tuesday as investors at the Nigerian Stock Exchange continues to increase their holdings of banks’ stocks amid strong third-quarter financial results.

Zenith Bank led the most traded stocks for a second consecutive day on Tuesday following a declaration of  N509 billion gross earnings and N177 billion profit after tax in the first nine months of the year.

Investors traded 71,933,841 shares of Zenith Bank valued at N1,730,151,404.20 during the trading hours of Tuesday.

Transcorp, the only non-bank stock on the top five trades, followed Zenith Bank with 37,172,526 shares worth N32,853,263.27.

Guaranty Trust Bank Plc, Access Bank and United Bank for Africa (UBA) exchanged 30,003,182 units, 29,549,235 units and 29,332,033 units estimated at N1,022,126,997.60, N243,311,726.70 and N236,303,261.20, respectively.

Investors exchanged a total of 365.414 million shares valued at N4.692 billion in 6,325 deals on Tuesday to return the bourse to the green zone after two days of consecutive declines.

The Nigerian Stock Exchange market capitalisation rose by N114 billion from N17.829 trillion it closed on Monday to N17.943 trillion on Tuesday. While the NSE All-Share Index gained 220.82 index points or 0.06 percent to 34,349.56 index points it settled on Tuesday, up from 34,119.74 index points on Monday.

Stanbic IBTC Bank led gainers with N2.8 or 7.08 percent gain to finish the day at N42.35 per share. See the details below.

Top Trades 

Symbols Volume Value
ZENITHBANK 71,933,841 N1,730,151,404.20
TRANSCORP 37,172,526 N32,853,263.27
GUARANTY 30,003,182 N1,022,126,997.60
ACCESS 29,549,235 N243,311,726.70
UBA 29,332,033 N236,303,261.20

Top Gainers

Symbols Last Close Current Change %Change
STANBIC N39.55 N42.35 2.8 7.08%
UBA N7.7 N8.2 0.5 6.49%
ACCESS N7.9 N8.35 0.45 5.70%
FBNH N6.7 N7.15 0.45 6.72%
UBN N5.5 N5.9 0.4 7.27%

Top Losers

Symbols Last Close Current Change %Change
JBERGER N19 N17.3 -1.7 -8.95%
FIDSON N5.4 N4.87 -0.53 -9.81%
GUINNESS N18 N17.5 -0.5 -2.78%
ETERNA N4.61 N4.15 -0.46 -9.98%
UACN N7.95 N7.65 -0.3 -3.77%

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Insider Dealing: Paul Miyonmide Gbededo, MD Flour Mills, Purchased 1.95 Million Shares in Flour Mills



flour mills posts 184% increase in PAT

In a disclosure statement filed with the Nigerian Stock Exchange, the management of Flour Mills of Nigeria Plc said Paul Miyonmide Gbededo, the Group Managing Director, purchased 1,949,839 shares in the company.

In a statement signed by Umolu Joseph, the Company Secretary and Director, Flour Mills of Nigeria, Gbededo bought the 1,948,839 shares at N28 per unit on November 17, 2020.

The Managing Director invested N54,567,492 in Flour Mills of Nigeria Plc in a move that suggested confidence in the future of the company.

The disclosure is in line with the Nigerian Security and Exchange Commission’s new policy on insider dealings. See the transaction details below.

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Stock Market

Insider Dealing: Chide Agbapu Buys 1 Million Shares in Fidelity Bank




The management of Fidelity Bank on Friday said Mr. Chidi Agbapu, a non-executive director, bought 1,000,000 shares of Fidelity Bank Plc.

In line with the Nigerian Stock Exchange (NSE) disclosure policy, the lender said Agbapu purchased the shares in two different transactions on November 9, 2020.

According to a statement signed by Ezinwa Unuigboje, Company Secretary, Fidelity Bank, the shares were purchase in two deals of 500,000 units each at N2.75 per share. See the details below.

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