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Warren Buffett's annual letter to Berkshire shareholders, Fed minutes and more in the coming week



Next Saturday, February 23,
Berkshire Hathaway

Warren Buffett releases his highly anticipated annual shareholder letter. It had a strong year in 2018. Berkshire's after-tax operating income increased 71% to $ 19.1 billion in the first nine months of 2018. However, the A-share shares rose 0.2% to $ 306,600 this year and are down 10.6% in 2019 and 3.2% in the last 12 months, behind the S & P 500 index last year.

Investors are looking forward to details of succession. Buffett is 88 years old. A year ago, the company named Greg Abel and Ajit Jain as vice chairmen, each responsible for the non-insurance and insurance businesses. One is his probable successor. Barron bets on Abel.)

Investors wonder if Berkshire boosted share buybacks in the fourth quarter, after repurchasing $ 928 million in the third quarter. Buffett can generally review the program and repurchases as Congress's criticism of the practice increases.

Also in the fourth quarter, Berkshire increased the positions of JPMorgan Chase and Bank of America. Banks have become a big sector for Buffett, and Wedgewood Partners Chief Investment Officer David Rolfe wants him to discuss it.

Buffett could engage in acquisitions after another year, without calling a so-called "elephant" deal ̵

1; despite accessing more than $ 100 billion in cash. He will probably review Berkshire's main businesses – Burlington Northern, its utilities and insurance companies. As a major US insurer, Berkshire faces a disaster risk for earthquakes, hurricanes, and forest fires, and is well aware that global warming is making this business riskier.

Monday 18

US. and the Canadian financial markets are closed taking into account Presidents Day and Family Day respectively.

The New York Conference Consumer Analyst Group begins in Boca Raton, Florida. The conference includes
Conagra brands


General Mills

Hershey
Campbell soup


Procter & Gamble

and Clorox.

Tuesday, 19.

Advance Auto Parts

original parts


Sage therapeutics


Noble energy


Medtronic


Walmart

and
Texas Roadhouse

are among the companies that organize teleconferences with the profit.

The National Association of Home Builders releases its NAHB / Wells Fargo Housing Market Index for February. Economists expect a reading of 60 compared to January 58. Readings over 50 indicate a positive outlook for the builders.

The President of the Federal Reserve Bank of Cleveland, Loretta Mester, will be the keynote speaker of the Lyons Economic Forecast event at the University of Delaware. Wednesday, 20

Analog Devices

Synopsys


Henry Schein


CVS Health


Entergy

Agilent Technologies

and GoDaddy discuss quarterly financial results.

The Barclays Industrial Select Conference will be held in Miami Beach, Florida. Participants include Honeywell Johnson Controls
Norfolk Southern

and
Boeing

The FOMC releases the minutes of its meeting from January 29 to 30. Economists will look for insights into the Fed's willingness to be "patient" when determining the next political step.

Thursday, 21.

Domino's Pizza, Milacron Holding
Hormel Foods


Avis Budget Group

and
Zillow Group

hold profit conferences for investors.

The Census Bureau publishes its preliminary report on durables. Commodity orders rose 1.7% in December, after rising 0.7% in November. Orders excluding capital goods excluding aircraft are expected to have risen by 0.2% in December, after falling by 0.6% in November.

The Conference Board publishes its Leading Economic Index for January. Economists forecast an increase of 0.15% after a decline of 0.1% in December.

IHS Markit

publishes its Manufacturing PMI for February. Expectations call for a reading of 54.5, slightly below the 54.9 in December.

The National Association of Realtors reports data for the sale of existing homes for January. The consensus calls for a seasonally adjusted annual rate of 5.01 million, up from 4.99 million in December.

Friday, 22.

Wayfair,
CubeSmart

AutoNation

Cabot Oil & Gas

Barnes Group,
Cinemark Holdings

and Ruth's Hospitality Group are among the companies hosting conferences for investors following the release of fourth quarter and full year 2018 results.

The University of Chicago hosts the US Monetary Policy Forum annually. Federal Reserve Bank of St. Louis President James Bullard will attend a panel discussion on the future of the Fed's balance sheet.

Saturday, 23.

Berkshire Hathaway

He is expected to publish Chairman Warren Buffett's letter to shareholders along with the annual report.

– Robert Teitleman and Pauline Yuelys

Email: [email protected]


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