Macy's stock jumped 5% after Berkshire Hathaway acquired a new 1% stake in the company, signaling confidence in the retailer. Macy's reported solid Q4 results, with comparable store sales up 1.8% and strong performance at Bloomingdale's despite a slight revenue decline. The company maintains cautious guidance for fiscal 2026 due to macroeconomic uncertainties, but free cash flow yield is strong at over 15%, and the stock trades at an attractive 12 times price-to-earnings ratio. Technical indicators show the shares are about 20% undervalued, with key support near $18 ahead of the upcoming Q1 earnings report.
Berkshire Hathaway, under new CEO Greg Abel, disclosed its first quarterly portfolio update since Warren Buffett stepped down. The $263 billion equity portfolio saw significant changes, including increased stakes in Alphabet, The New York Times, and ...
Berkshire Hathaway reshuffled its portfolio in Q1, investing $2.65 billion in Delta Air Lines and acquiring a small stake in Macy’s. The company also more than tripled its stake in Alphabet to $16.6 billion and doubled its holding in the New York Tim...
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 ...
The New York Stock Exchange (NYSE) issued a pre-market update on May 15, 2026, highlighting market optimism following President Trump's historic two-day summit in Beijing with Chinese President Xi Jinping. NYSE President Lynn Martin, who joined the U...
