The reopening of the Strait of Hormuz remains uncertain due to insurance issues and potential blockades, delaying a quick resolution and keeping oil prices elevated around $100 per barrel. This uncertainty makes trading on the so-called NACHO trade risky, unlike the earlier TACO trade related to tariffs. Energy stocks like Chevron and Exxon Mobil have corrected but could serve as long-term hedges against energy-driven inflation if the conflict prolongs. Investors are advised to watch the situation closely but avoid aggressive energy trades until geopolitical clarity improves, as a peace deal between the U.S. and Iran has just over a 60% chance by year-end according to Polymarket.
In the first quarter, Berkshire Hathaway increased its investment in Alphabet and started a new position in Delta Air Lines. The company also sold off significant holdings in Mastercard, Visa, Aon, and UnitedHealth Group, while reducing its stake in ...
Berkshire Hathaway has reentered the airline industry by acquiring a $2.6 billion stake in Delta Air Lines, marking its return after fully exiting U.S. airlines in 2020 due to the pandemic. This investment makes Delta the conglomerate's 14th-largest ...
Berkshire Hathaway, led by CEO Greg Abel, holds a record $380.2 billion in cash, surpassing its $288 billion equity portfolio. The company continues to sell more stocks than it buys, maintaining liquidity to capitalize on future market disruptions. A...
Iran's key oil export terminal at Kharg Island has not loaded any oil tankers for four consecutive days, an unprecedented event since the conflict began. This halt may indicate a shortage of storage and tankers, possibly caused by a US naval blockade...
Chevron's stock rose sharply alongside WTI crude oil prices, gaining nearly 40% in a year. Despite strong earnings beats and production growth, the stock is currently valued above its earnings potential, leading analysts to issue a hold rating with a...
