Numbers By Barron’s is a two-minute financial podcast with three vital numbers to start your morning. Available on iTunes, Stitcher, and wherever you get your podcasts-as well as on your Amazon Alexa smart speaker
Three numbers to start your day:
-on Nov. 30. The patents in question were held by Qualcomm.
One analyst opined that the injunction wouldn’t take a big enough bite out of iPhones sales in China to hurt Apple. The models banned are tied to about 10% to 15% of sales. And Apple’s stock actually closed higher in Monday’s trading. Perhaps the ruling is merely symbolic?
The iPhone maker is appealing the decision, anyway.
Berkshire Hathaway
– according to Barron’s calculations.
We based that on Berkshire’s five largest stock positions as of Sept. 30: Apple, Bank of America, Wells Fargo, Coca Cola, and American Express. Berkshire could have sold its stakes between now and then.
But if the portfolio stayed the same, Berkshire could post a fourth-quarter loss as its big stock holdings slide. For example, the company’s stake in the iPhone maker’s stock could have fallen by $15 billion so far this quarter.
-snapping a three-day losing streak.
Some analysts see 2630 as a level to watch -where the S&P 500 hit a low after peaking in October. And if it holds, investors might start finding reasons to be bullish again.
The market still has issues-trade tensions and what the Fed will or will not do next. But if the market is being driven by technical factors, not data or events, the S&P could hold fast, here.
Numbers by Barron’s is a new daily podcast. Find out more here.
This episode was hosted by Crystal Kim.
Write to Crystal Kim at crystal.kim@barrons.com
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
