Berkshire visitors line up bright and early
It was a cold and drizzly morning in Omaha, where tens of thousands of attendees flocked to the CHI Health Center Omaha Arena to hear Warren Buffett speak at Berkshire Hathaway's 2024 shareholder meeting.
– Sarah Min
Buy 'undervalued' Berkshire Hathaway stock, says CFRA
CFRA is bullish on the B shares of Berkshire Hathaway prior to the company's annual meeting.
The company called the stock “undervalued relative to historical averages” and expects catalysts in Berkshire Hathaway's earnings results Saturday morning.
Berkshire Hathaway's Class B shares over the past year.
Shares of Berkshire Hathaway are up nearly 13% so far this year.
To read more about CFRA's call and what it expects from CEO Warren Buffett during the so-called “Woodstock for Capitalists,” read the full story here.
– Michelle Vos
Time to reveal secret bank shares?
There's a chance that Buffett will reveal the mysterious bet that has bought Berkshire for two quarters in a row.
In the third and fourth quarters of 2023, Berkshire was granted confidential treatment to keep the details of one or more of its shareholdings confidential.
Many speculated that the secret purchase could be a bank stock, as the conglomerate's cost base for equity investments in “banking, insurance and finance” rose by $3.59 billion in the second half of last year, according to separate Berkshire figures. files.
It is relatively rare for Berkshire to request such treatment. The last time it kept a purchase confidential was when it bought Chevron And Verizon in 2020.
–Yun Li
First meeting without Charlie Munger
The annual meeting could start on a somber note with everyone thinking about Charlie Munger's absence.
Apart from the pandemic, it will be the first without Munger, Buffett's longtime partner who died in November at the age of 99.
For the first time, Berkshire will air its annual meeting film, which previously was reserved only for those attending in Omaha. Many speculate that this year will be a tearjerker tribute to Munger.
Vice Chairman of Non-Insurance Operations Greg Abel, Buffett's designated successor, will take Munger's seat during the afternoon session and help answer shareholder questions.
Munger left his mark on generations of investors in many ways through a long and fruitful life. He broadened Buffett's investment approach by focusing on quality companies that sell at fair prices. Shareholders also appreciated Munger's unique bluntness and humor.
–Yun Li
Here's the schedule for CNBC's coverage of Berkshire Hathaway's annual meeting
CNBC will livestream Berkshire Hathaway's annual shareholder meeting Saturday starting at 9:30 a.m. ET. Viewers can expect a lively discussion that will provide insight into Warren Buffett's views on the market, what types of deals Berkshire could make in the coming year and other important topics.
Here's an overview of the day's events:
9:30am – 10:15am: Pre-show anchored by Becky Quick and Mike Santoli
10:15 AM – 1:00 PM: Berkshire Hathaway morning Q&A
1:00 PM – 2:00 PM: Halftime show with Becky Quick and Mike Santoli
2:00 PM – 4:00 PM: Afternoon question and answer session of the annual meeting
4:00 PM – 4:30 PM: Post-show anchored by Becky Quick and Mike Santoli
Note: The schedule reflects Eastern Time
—Christina Cheddar Berk
