Diamonds and Dogs

8/7/23

Berkshire Hathaway jumps nearly 4% to a record high following strong earnings thanks to insurance underwriting due to an acquisition of Alleghany Corp while investment income benefited from higher interest rates.

Apple (AAPL) lower following earnings last week. Apple has lead the rally the last decade, but the stock is down 2% today and down 9% in the last week. Apple beat earnings estimates last week, but sales declined 1% year over year. Apple donesn't expect a pick up in the third quarter, but the iPhone 15 will come out with the start of the fourth quarter which could boost sales.

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