Watch Out, Tesla. Berkshire Hathaway’s Market Cap Surges

Finance

By Aahil

The market value of Berkshire Hathaway is getting close to that of the market leader in electric vehicles as a result of this year's significant decline in shares of Tesla.

Despite significant headwinds from a strong currency, IBM IBM -0.35% posted better-than-expected third-quarter earnings with growth across all of the company's business sectors.

IBM announced sales of $14.1 billion for the quarter, considerably above the Wall Street consensus projection of $13.5 billion and an increase of 6% or 15% in constant currency.

Revenue in constant currency increased by 10% excluding the revenue contribution from Kyndryl KD -2.85%, the company's former managed data services division.

At 4:00 pm, when the stock markets were scheduled to close, I was already looking forward to the weekend.

Two weeks had been extremely busy. Despite the fact that the year had been positive up until that point, the worldwide markets had been crashing.

A couple was in the lobby when the phone rang, asking to talk with an advisor about creating a portfolio of blue-chip stocks.

The recently retired investor came to me for advice on which well-known American assets he ought to buy.

Top 7 Small-Cap Value Stocks Warren Buffett Would Approve Of