Bloomberg • 22 hours ago Berkshire Hathaway Inc. Shares climbed the most in four months after the company signaled that investors may soon get their hands on part of a $109 billion mountain of cash that’s bedeviling Warren Buffett.
The firm’s board announced late Tuesday that it’s removing a cap on stock buybacks, giving the Berkshire chairman and chief executive officer greater leeway to parcel out profits, rather than hunt for more acquisitions. Buffett and Vice Chairman Charlie Munger can now make repurchases whenever they both believe the price “is below Berkshire’s intrinsic value, conservatively determined,” the company said. Zacks • 5 hours ago Semiconductor stocks have been the subject of unpredictable volatility so far this year, but the underlying business of this industry is growing—and should continue that trend in 2018 and beyond.
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Throughout the chip-making space, companies have successfully adapted to the changing needs of the consumer, including an increased demand for small, high-powered chips that enable “Internet of Things” (IoT) devices. For those that don’t know, the Internet of Things is the growing world of interconnected household and industrial devices. Zacks • 3 hours ago Shares of Microsoft MSFT slipped in morning trading Wednesday, just one day before the company is set to report its Q4 and fiscal 2018 financial results. This might be a sign that investors are nervous about Microsoft ahead of its earnings release, but MSFT stock has still outpaced its industry and the S&P 500 since the start of the year.