Berkshire Hathaway (Warren Buffett) discloses updated portfolio positions in 13F filing

New DHI NVR LEN positions, Exited MCK MMC, Lowered ATVI GM CVX holdings

Highlights from Q2 2023 filing as compared to Q1 2023:

• New positions in: DHI (~5.97 mln shares), LEN (~0.15 mln), NVR (~0.01 mln)
• Increased positions in: OXY (affirmed increased to ~224.13 mln shares from ~211.71 mln shares), COF (to ~12.47 mln from ~9.92 mln)
• Maintained positions in: BAC (~1032.85 mln shares), AAPL (~915.56 mln shares), KO (~400 mln shares), KHC  (~325.63 mln shares), AXP (~151.61 mln shares), HPQ (~120.95 mln shares), DVA (~36.1 mln shares), MCO (~24.67 mln shares)
• Closed positions in: MCK (from ~2.29 mln shares), MMC (from ~0.4 mln), VTS (from ~0.05 mln)
• Decreased positions in: ATVI (to ~14.66 mln shares from ~49.44 mln shares), GM (to ~22 mln from ~40 mln), CVX (to ~123.12 mln from ~132.41 mln), GL (to ~2.52 mln from ~6.35 mln), CE (to ~5.36 mln from ~8.82 mln)

=Capital One (COF) reported earnings on Fri 26 April 2019 (b/o)

Capital One beats by $0.17, reports revs in-line

• Reports Q1 (Mar) earnings of $2.90 per share, $0.17 better than the S&P Capital IQ Consensus of $2.73; revenues rose 2.5% year/year to $7.08 bln vs the $7.03 bln S&P Capital IQ Consensus.
• Provision for credit losses increased 3% to $1.7 bln.

Earnings this week : Apr 22 - 26, 19 (wk 17)

777 companies reporting, 155 companies in the S&P 500 index.

Monday (April 22)

Markets closed in Europe, Canada, Hong Kong and Australia for Easter Monday holiday

Europe:

• STOXX Europe 600: closed
• Germany's DAX: closed
• U.K.'s FTSE 100: closed
• France's CAC 40: closed
• Italy's FTSE MIB: closed
• Spain's IBEX 35: closed

Asia: Hang Seng  CLOSED  Shanghai  open  Nikkei open

• Morning: AVX BOH CBU GWW HAL HNI KMB LECO LII NVR ONB STLD TCF
• Afternoon:  ACC ALSN BEDU BRO CDNS CE CMRE EGP ELS HLX HSTM IBTX MINI NBTB RMBS RRC SFNC WAL WHR ZION

Tuesday (April 23)

• Morning:  ABCB ABG ARCH ASTE ATI AXE BANC CIT CNC DGX EDU FBC FCF FELE FITB FNB GPK HAS HOG IRDM JBLU KO LMT MTG NEE NTRS NUE PG PHM PII PPBI SHW SNV STT TECK TRU TWTR UMBF UTX VZ WAT WSO
• Afternoon:  AMTD BXMT CHFC CP CSGP CSL EBAY EW FCPT FE FMBI FR HA HIW HXL IRBT KALU LRN LTXB MANH MMSI MTH NAVI NBHC NWE RHI RNST SITC SIX SNAP SPN SYK TER TRMK TSS TXN UCBI VMI WRB

Wednesday (April 24)

• Morning:  ANTM APD APH AVY AXTA BA BCO BIIB BKU BOKF BSX CAT CSTM CVE DPZ DTE EVR FBP FCFS FLIR FSV GATX GD GNTX IART KNX LAD MCO MHO MKTX NDAQ NOC NSC NVS OC PB RES ROL SAP SIRI SLAB SLGN STM SWK SXC T TDY TEL TMO TROW TUP UMC
• Afternoon:  AGNC AGR AKR ALGN ALGT AMP ARI ASGN AVB AXS AXTI AZPN BCOV BDN BHE CHDN CINF CLB CLGX CMG CNMD COR CTXS CUBI CUZ CVBF DRE ECHO EIG ESRT ESS FB FBHS FFIV FNF FWRD GGG HP ISBC KN KRA LRCX LSTR MEOH MSA MSFT NOW NTGR OIS ORLY PKG PTC PYPL QEP RJF ROIC SAM SAVE SCI SEIC STL SUI SWI TILE TRN TSLA UFPI V VAR WCN WPG WRE XLNX

Thursday (April 25)

• Morning:  AAN AB ABBV ADS AEP ALKS ALLE ALXN ASPS AUO BAX BC BMY BWA CBZ CFR CLF CLS CMCS.A CMS CNSL COLB COWN CRR CRS CTS CWT DHI DLX ENTG EQT FAF FCN FCX GLOP GNC GPI GRA GRC HBAN HEES HES HSY HZO IBKC IP IRM ITW IVZ LANC LAZ LKQ LUV MAS MDCO MMC MMM MO NCI NEM NOK NTB NVT ODFL ORI PAG PATK PDS PRLB PTEN ROK ROP RS RTN SAH SHOO SSTK TAL TPH TSCO TZOO UBSI UPS VC VLO VLY WAB WEC WM WNS WST WWE XEL XRX YNDX
• Afternoon:  AEM AFL AJG ALK AMZN ASB ATEN ATRC AVT BABY BEAT BGG BJRI BMRN BOOM BYD CERN CIR COF COLM CUBE CVA CXP CY DFS DLR EHC EMN ENVA F FET FFBC FHB FII FIX FTI FTV GCAP GRUB HTA HTH IEX ILMN INT INTC JNPR KNL LMAT LOGM MAT MHK MOBL NOV NR OMCL PEB PFG PFPT PKI POWI PRO RSG SBCF SBUX SFLY SGEN SIVB SKYW SPSC SWN TMUS UHS VCRA VLRS VRSN VVI WERN  (finviz charts)

Friday (April 26) :

• Morning:  AAL ADM AIMC AIT ALV AN AON ARD AZN B BEN BLMN CIGI CL COG CVX GT GVA HELE HRC IMAX IMO IPG LEA LYB MOG.A PFS POR SBSI SNE SNY TREE TYPE VRTS VTR WBC WETF WY XOM ZBH
• Afternoon: 

What's in a name?: Weight Watchers (NASDAQ:WTW) begins trading under its new ticker symbol WW on April 22. The company has also rebranded its corporate identity to WW to fall in line with its transition to a global wellness company. Shares of Weight Watchers have been in a downward skid, down 51% YTD and 71% lower over the last 52 weeks.

Notable earnings reports: Halliburton (NYSE:HAL), Whirlpool (NYSE:WHR) on April 22; Twitter (NYSE:TWTR), Snap (NYSE:SNAP), eBay (NASDAQ:EBAY), Coca-Cola (KO), Verizon (VZ), Procter & Gamble (PG), Texas Instruments (NASDAQ:TXN) and United Technologies (UTX) on April 23; Tesla (TSLA), Facebook (NASDAQ:FB), Microsoft (MSFT), Visa (V), Caterpillar (CAT), AT&T (NYSE:T), Chipotle (NYSE:CMG), PayPal (NASDAQ:PYPL) and Boeing (BA) on April 24; Amazon (NASDAQ:AMZN), Intel (NASDAQ:INTC), Starbucks (NASDAQ:SBUX), Ford (NYSE:F), Comcast (NASDAQ:CMCSA), UPS (NYSE:UPS), AbbVie (NYSE:ABBV) and Altria (NYSE:M)) on April 25; Exxon Mobil (NYSE:XOM), Chevron (NYSE:CVX), Archer Daniels Midland (NYSE:ADM) and IMAX (NYSE:IMAX) on April 26.

Some implied moves for earnings this week (777 companies reporting):

$IRBT 12.9%
$AMZN 4.3%
$FB 6.0%
$TWTR 10.4%
$MSFT 3.6%
$TSLA 9.0%
$PYPL 5.6%
$V 3.1%
$CMG 7.7%
$ALGN 9.5%
$LRCX 6.6%
$XLNX 8.2%
$FFIV 5.9%
$ORLY 6.5%
$SAM 9.4%
$CTXS 6.3%
$MMM 3.5%
$ABBV 4.5%
$INTC 4.5%
$INTC 4.5%
$SBUX 4.1%
$GRUB 14.6%
$F 4.7%
$ILMN 6.0%
$GWW 6.7%
$WHR 7.2%
$LMT 3.3%
$HOG 6.4%
$SHW 4.3%
$SNAP 15.5%
$EBAY 5.7%
$EW 6.4%
$AMTD 3.6%
$SYK 6.2%
$BA 4.6%
$CAT 5.0%
$DPZ 8.7%
$BIIB 5.2%
$GD 3.7%
$SWK 5.6%
$ANTM 7.0%
$BSX 4.9%

-=Capital One (COF) reported earnings on Tue 22 Jan 2019 (a/h)

Capital One misses by $0.51, reports revs in-line

• Reports Q4 (Dec) earnings of $1.87 per share, $0.51 worse than the S&P Capital IQ Consensus of $2.38; revenues rose 0.2% year/year to $7.01 bln vs the $7.07 bln S&P Capital IQ Consensus.
• Net interest income increased was flat y/y at $5.82 bln. Net interest margin was 6.96%, decreasing 5 basis points.
• Average loans held for investment in the quarter increased $4.6 billion, or 2%, to $241.4 billion. Commercial Banking average loans increased $1.6 billion, or 2%, to $69.7 billion. Consumer Banking average loans increased $122 million, or less than 1%, to $59.3 billion.
• Provision for credit losses increased 29% to $1.6 billion.

On a related note, the stock was downgraded to 'Perform' from 'Outperform' at Oppenheimer.

Earnings this week : Jan 21 - 25, 19 (wk 4)

Earnings confirmed to report this week:

Monday (Jan 21)    

• Market closed for Martin Luther King Jr. Day

Tuesday (Jan 22)

• Morning: ATI FITB GATX HAL HMST JNJ LOGI EDU PETS PLD SWK TRV
• Afternoon: AMTD CNMD COF FMBI HOPE IBKR IBM LRN LTXB NAVI RNST SFNC TBK UCBI WTFC ZION

Wednesday (Jan 23)

• Morning:  ABT APH ASML BKU BPOP CBU CMCSA HZO KMB NTRS PG PGR RES ROL SYF TDY TEL UTX WAT
• Afternoon:  ADTN AZPN BGG BXS CATY CCI CMRE CNS CP CTXS CVBF F FFBC FFIV HXL LRCX  LVS NXGN PTC RJF SLG SLM STL TCBI TER TRMK TXN UMPQ URI VAR XLNX

Thursday (Jan 24)

• Morning:  AAL AEP AIT AVX BANC BMY COLB DLX EWBC FCX GWW HBAN ISCA JBLU LUV MKC MMYT ORI RCI STM TAL TXT UNP VIVO WBS
• Afternoon: ALK ASB AVT CUBI DFS  ETFC FHB FII HTH INTC ISRG NBHC NSC OSIS RMD SBCF SBUX SIVB WAL WDC

Friday (Jan 25)

• Morning: ABBV ABCB APD CL DHI ERIC HRC IBKC LEA MOG.A NEE

-=Capital One (COF) to issue Walmart (WMT) store credit card

• Walmart taps Capital One for store cards, ends Synchrony deal

(Reuters) - Walmart Inc (WMT) has chosen Capital One Financial Corp (COF) as the new issuer of its store credit card, ending a partnership with Synchrony Financial, the Wall Street Journal reported on Thursday, citing people familiar with the matter.

Shares of Synchrony Financial (SYF) were down 6.5 percent at $31.25 in afternoon trading, while those of capital One were little changed.

Under the deal, Capital One will issue credit cards that can only be used on Walmart’s website and stores, as well as co-branded cards that can be used almost anywhere else, the Journal reported.

Synchrony, which issues private-label cards as well as co-branded cards, has been Walmart’s exclusive credit-card issuer since 1999.

It was not immediately clear about the future of roughly $10 billion portfolio of Walmart card balances that Synchrony has, WSJ reported.

=Capital One (COF) reported earnings on Thur 20 Jul 2017 (a/h)

Estimates: An 8% earnings jump to $1.90 on an almost 7% revenue gain to $6.68 billion.

Results: EPS of $1.96 on revenue of $6.7 billion.

Capital One beats by $0.06, reports revs in-line:

• Reports Q2 (Jun) earnings of $1.96 per share, excluding non-recurring items, $0.06 better than the Capital IQ Consensus of $1.90; revenues rose 7.2% year/year to $6.7 bln vs the $6.68 bln Capital IQ Consensus.
  • Provision for credit losses decreased 10 percent to $1.8 billion;
  • Net charge-offs of $1.6 billion;
  • Net interest margin flat at 6.88 percent;
  • Efficiency ratio of 50.92 percent.

Capital One (COF) reported earnings on Thur 21 Jul 2016 (a/h)

** charts after earnings **

 

Capital One misses by $0.12, reports revs in-line :

• Reports Q2 (Jun) earnings of $1.76 per share, $0.12 worse than the Capital IQ Consensus of $1.88; revenues rose 10.3% year/year to $6.25 bln vs the $6.26 bln Capital IQ Consensus.
• Net interest margin of 6.73 percent, down 2 basis points.
• Common equity Tier 1 capital ratio under Basel III Standardized Approach of 10.9 percent at June 30, 2016.
• Provision for credit losses increased 4 percent to $1.6 billion; Net charge-offs of $1.2 billion. $465 million allowance build.
• "We remain well positioned to deliver growth and returns at the higher end of banks and distribute significant capital to shareholders, subject to regulatory approval."