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All publicly traded companies hold annual meetings, but none are as closely monitored as the yearly conclave held in Nebraska by Berkshire Hathaway (BRK.A BRK.B). That's likely to be the case with May 2 get together, because this will be the first annual meeting without Warren Buffett at the helm.
Under new CEO Greg Abel, Berkshire Hathaway (NYSE: BRK-B) is back in the buyback business. That indicates that opportunity may be afoot for tactical traders with the Direxion Daily BRKB Bull 2X Shares (BRKU).
Warren E. Buffett announced plans to step down as CEO of Berkshire Hathaway Inc. (BRK.A, BRK.B) at the end of the year, with Greg Abel set to take the helm as the conglomerate's next leader, according to a letter released Nov 10. Buffett, 95, said he will remain chairman while Abel, 63, assumes CEO responsibilities.
A peek into Berkshire Hathaway's top holdings reveals that Warren Buffett certainly has a liking for Apple's stock, comprising just over a quarter of its portfolio. It's easy to see why.
With market uncertainty abound in today's macroeconomic and geopolitical climate, Warren Buffett and Berkshire Hathaway haven't been immune to the volatility. Still, Berkshire is up over 10% for the year with Morningstar bulls and bears weighing in on what's ahead.
SEC filings for BRKU aren't indexed yet (common for recently launched funds). Browse the issuer's filings on SEC EDGAR directly.