Buffett Closes in on $1 Trillion
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Good Morning Wake-Up Watchlisters! While you’re sipping coffee you’ll see stocks were on pause Monday as investors prepare for another data-filled week. Investors will focus this week is set to shift from earnings to new economic data. Those indicators include so-called core personal consumption expenditures price index and also fourth-quarter US GDP numbers.
As we taper off earnings week, Our Lead Technical Tactician Nate Bear is announcing his next play in Profit Surge Trader. Nate follows the “post-earnings surge” chart patterns to trade one ticker over and over again after earnings. Earlier this month Nate closed multiple winning trades on AMZN using this one-ticker strategy, including a 40.48% win in 1 trading day and a 40.54% win in 4 trading days.
Click here to get Nate’s next Profit Surge Trader pick today.
Here’s a look at the top-moving stocks this morning.
Berkshire Hathaway (BRK.B)
Berkshire Hathaway is up 2.71% in premarket after Warren Buffett’s company posted a record $37.4 billion operating profit and $96.2 billion net profit for all of 2023. The earnings update put the conglomerate on course for a market value closer to $1 trillion.
FreshPet (FRPT)
Freshpet is up 13.04% in premarket after its net sales increased by 29.9% in Q4 and 28.8% for the full year 2023. It posted 34.6% of net sales in Q4, reflecting better plant expense leverage and reduced quality costs.